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AUDVF

Audi AG

, VLKAY

Volkswagen

$28.77

-0.24 (-0.83%)

18:05
10/17/16
10/17
18:05
10/17/16
18:05

Audi delays German base tech efforts to lower costs, Reuters says

Audi (AUDVF), Volkswagen's (VLKAY) profit engine, plans to postpone technology projects at its German base in an effort to reduce costs, Reuters reports, citing sources at the company. Audi has said it will curtail its conventional car program to fund a strategic move to green vehicles and digital services through 2025 as competition with BMW (BAMXY) and Mercedes-Benz (DDAIF) heightens, the report notes. Cutbacks will also have an impact on next-generation technology projects meant to help Audi clean up its image amid the emissions scandal, the report says, citing two sources at Audi. Reference Link

AUDVF

Audi AG

VLKAY

Volkswagen

$28.77

-0.24 (-0.83%)

BAMXY

BMW Group

DDAIF

Daimler AG

$70.33

-0.03 (-0.04%)

AUDVF Audi AG

VLKAY Volkswagen
$28.77

-0.24 (-0.83%)

09/09/16
WELS
09/09/16
NO CHANGE
WELS
Navistar 'making progress' on turnaround, says Wells Fargo
After Navistar reported weaker than expected results but reiterated its full-year guidance, Wells Fargo says that "some" of Navistar's "more severe risks appear to be fading." The firm says that Navistar's deal with Volkswagen (VLKAY) will reduce its liquidity risk, but Wells thinks that Navistar's end market continues to be "weak." The firm raised its price target range on the stock to $17-$20 from $11-$14 but keeps a Market Perform rating on the shares.
09/09/16
GSCO
09/09/16
UPGRADE
Target $20
GSCO
Neutral
Navistar upgraded to Neutral from Sell at Goldman
Goldman Sachs analyst Jerry Revich upgraded Navistar International (NAV) to Neutral saying liquidity risk is "meaningfully reduced" with the capital injection from Volkswagen (VLKAY). Revich raised his price target for the shares to $20 from $2. He believes the near-term risk/reward for the stock is balanced.
09/07/16
RBCM
09/07/16
NO CHANGE
RBCM
Navistar deal undermines bear thesis, says RBC Capital
After Navistar (NAV) announced a strategic alliance with Volkwagen (VLKAY) and Volkwagen's purchase of a 16.6% stake in Navistar, RBc Capital analyst Seth Webber says that the deal "goes a long way toward deflating a bear thesis around (Naistar's) slow HD share" gain and its "financial position/liquidity." .Webber says he plans to adjust his model following Navistar's Q3 results on September 8. For now, he keeps a Sector Perform rating on the shares.
09/06/16
WELS
09/06/16
NO CHANGE
WELS
Cummins could be hurt by Navistar deal, says Wells Fargo
Wells Fargo believes that Cummins (CMI) could be hurt over the medium to long-term by Volkswagen's (VLKAY) acquisition of a 16.6% stake in Navistar (NAV). The firm says that Cummins "could potentially lose all or part of" the $800M-$1B in revenue which Wells estimates that Cummins generates from selling engines to Navistar. However, Wells thinks that Cummins probably won't lose all of this revenue, and it stresses that the decline will occur over a significant period of time. Wells keeps Market Perform ratings on Navistar and Cummins.
BAMXY BMW Group

07/05/16
BARD
07/05/16
NO CHANGE
Target $55
BARD
Outperform
Mobileye price target raised to $55 from $50 at Baird
Baird analyst David Leiker raised his price target for Mobileye (MBLY) to $55 from $50 as he now has greater confidence the company's EPS can grow 40%-50% in 2020-2025 supported by rising penetration and content. The analyst believes the collaboration of Mobileye with BMW (BAMXY) and Intel (INTC) to bring autonomous driving to market in 2021 increases visibility of the timeline to full autonomy, validates Mobileye's role in bringing these technologies to market and strengthens its competitive position. Leiker reiterates an Outperform rating on Mobileye's shares.
06/30/16
EVER
06/30/16
NO CHANGE
Target $60
EVER
Buy
Evercore ISI says Mobileye deal with Intel, BMW could be 'game changer'
After Mobileye (MBLY), Intel (INTC) and BMW (BAMXY) announced a news conference scheduled for Friday at which the three companies are said to be unveiling a partnership to develop autonomous cars, according to media reports, Evercore ISI analyst Chris McNally said this event could be a "seminal turning point in the bull / bear debate around Mobileye" and a "game changer" for the company. It appears that the world's largest chip-maker is aligning themselves with Mobileye, suggesting they don't want to compete with the company, McNally tells investors. Noting the involvement of "premium OEM" BMW, McNally said he also believes it is likely that the technology in development will not only be for shared mobility applications but also for consumers. The firm has a Buy rating and $60 price target on Mobileye shares, which are up over 9% to $45.88 in pre-market trading.
DDAIF Daimler AG
$70.33

-0.03 (-0.04%)

08/09/16
JEFF
08/09/16
INITIATION
JEFF
Hold
Daimler AG initiated with a Hold at Jefferies
Jefferies analyst Philippe Houchois started Daimler AG with a Hold rating and EUR 65 price target.
06/29/16
EVER
06/29/16
DOWNGRADE
EVER
Sell
Daimler AG downgraded to Sell from Hold at Evercore ISI
01/20/16
01/20/16
INITIATION

On The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Alexion (ALXN) initiated with a Neutral at Credit Suisse... Alnylam (ALNY) initiated with an Outperform at Credit Suisse... Amgen (AMGN) initiated with an Outperform at Credit Suisse... Apigee (APIC) initiated with a Buy at Roth Capital... BioMarin (BMRN) initiated with an Outperform at Credit Suisse... Biogen (BIIB) initiated with a Neutral at Credit Suisse... Booz Allen (BAH) initiated with a Buy at Jefferies... CSI Compressco (CCLP) initiated with a Neutral at Janney Capital... CSRA (CSRA) initiated with a Buy at Jefferies... Celgene (CELG) initiated with an Outperform at Credit Suisse... Coherus Biosciences (CHRS) initiated with an Outperform at Credit Suisse... Daimler AG (DDAIF) initiated with a Buy at Citi... Engility (EGL) initiated with a Buy at Jefferies... Euronet (EEFT) initiated with an Outperform at Northland... Evolent Health (EVH) initiated with an Outperform at Cowen... Ferrari (RACE) initiated with a Neutral at Citi... Fiat Chrysler (FCAU) initiated with a Neutral at Citi... Franco-Nevada (FNV) initiated with a Neutral at JPMorgan... Gilead (GILD) initiated with an Outperform at Credit Suisse... Huntington Ingalls (HII) initiated with a Buy at Guggenheim... Incyte (INCY) initiated with an Outperform at Credit Suisse... LeMaitre (LMAT) initiated with a Neutral at Sidoti... Lockheed Martin (LMT) initiated with a Buy at Guggenheim... ManTech (MANT) initiated with an Underperform at Jefferies... Mesoblast (MESO) initiated with an Outperform at Credit Suisse... PTC Therapeutics (PTCT) initiated with an Outperform at Credit Suisse... Phillips 66 Partners (PSXP) initiated with a Neutral at Mitsubishi UFJ... Regeneron (REGN) initiated with a Neutral at Credit Suisse... Sykes Enterprises (SYKE) initiated with a Market Perform at Barrington... Vertex (VRTX) initiated with an Outperform at Credit Suisse... Volkswagen (VLKAY) initiated with a Buy at Citi... XenoPort (XNPT) initiated with an Underperform at Credit Suisse.
01/20/16
SBSH
01/20/16
INITIATION
SBSH
Buy
Daimler AG initiated with a Buy at Citi
Citi analyst Michael Tyndall started Daimler AG with a Buy rating and price target of EUR 85.

TODAY'S FREE FLY STORIES

UDN

PowerShares DB US Dollar Index Down

$21.10

-0.01 (-0.05%)

06:11
04/28/17
04/28
06:11
04/28/17
06:11
Technical Analysis
PowerShares DB US Dollar Index Down: Pivot points »

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KBR

KBR

$15.48

-0.02 (-0.13%)

06:10
04/28/17
04/28
06:10
04/28/17
06:10
Earnings
KBR backs FY17 adj. EPS view of $1.10-$1.40, sees results above midpoint »

Consensus $1.27. The…

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  • 28

    Apr

ATHN

athenahealth

$121.45

1.6 (1.34%)

06:09
04/28/17
04/28
06:09
04/28/17
06:09
Recommendations
athenahealth analyst commentary  »

Piper expects…

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  • 28

    Apr

  • 17

    May

HST

Host Hotels

$19.24

-0.03 (-0.16%)

06:08
04/28/17
04/28
06:08
04/28/17
06:08
Hot Stocks
Breaking Hot Stocks news story on Host Hotels »

Host Hotels sees FY17 …

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  • 28

    Apr

WDC

Western Digital

$85.71

1.1 (1.30%)

06:08
04/28/17
04/28
06:08
04/28/17
06:08
Technical Analysis
Western Digital trades sharply higher after earnings beat »

In the pre-market the…

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EXPE

Expedia

$136.20

0.45 (0.33%)

06:06
04/28/17
04/28
06:06
04/28/17
06:06
Downgrade
Expedia rating change  »

Expedia downgraded to…

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  • 08

    May

  • 16

    May

SBUX

Starbucks

$61.30

-0.26 (-0.42%)

06:06
04/28/17
04/28
06:06
04/28/17
06:06
Recommendations
Starbucks analyst commentary  »

Piper still a buyer of…

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  • 24

    May

CPN

Calpine

$9.59

-0.33 (-3.33%)

06:06
04/28/17
04/28
06:06
04/28/17
06:06
Hot Stocks
Calpine sees FY17 adjusted EBITDA $1.8B-$1.95B »

Sees FY17 growth CapEx…

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MET

MetLife

$52.14

0.25 (0.48%)

06:06
04/28/17
04/28
06:06
04/28/17
06:06
Hot Stocks
MetLife's Kandarian says to invest $1B in efficiency enhancements for 2016-2019 »

MetLife CEO Steve…

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  • 04

    May

  • 13

    Jun

DRAD

Digirad Corp

$5.15

-0.05 (-0.96%)

06:06
04/28/17
04/28
06:06
04/28/17
06:06
Earnings
Digirad Corp sees FY17 adjusted EPS 10c-15c, consensus 26c »

Sees FY17 revenue…

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  • 28

    Apr

  • 28

    Apr

AGRX

Agile Therapeutics

$3.28

-0.02 (-0.61%)

06:05
04/28/17
04/28
06:05
04/28/17
06:05
Conference/Events
Agile Therapeutics management to meet with William Blair »

Meetings to be held in…

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  • 28

    Apr

CPN

Calpine

$9.59

-0.33 (-3.33%)

06:05
04/28/17
04/28
06:05
04/28/17
06:05
Earnings
Calpine reports Q1 EPS (16c), consensus (12c) »

Reports Q1 revenue…

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KBR

KBR

$15.48

-0.02 (-0.13%)

06:04
04/28/17
04/28
06:04
04/28/17
06:04
Earnings
KBR reports Q1 EPS ex-items 28c, consensus 29c »

Reports Q1 revenue $1.1B,…

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  • 28

    Apr

DRAD

Digirad Corp

$5.15

-0.05 (-0.96%)

06:04
04/28/17
04/28
06:04
04/28/17
06:04
Earnings
Digirad Corp reports Q1 adjusted EPS (1c), consensus 5c »

Reports Q1 revenue…

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  • 28

    Apr

  • 28

    Apr

HST

Host Hotels

$19.24

-0.03 (-0.16%)

06:03
04/28/17
04/28
06:03
04/28/17
06:03
Earnings
Host Hotels sees FY17 EPS 73c-81c, consensus 67c »

Sees FY17 GAAP revenue…

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  • 28

    Apr

GIMO

Gigamon

$36.00

-0.6 (-1.64%)

06:03
04/28/17
04/28
06:03
04/28/17
06:03
Downgrade
Gigamon rating change  »

Gigamon downgraded to…

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  • 12

    Jun

AVT

Avnet

$40.86

-3.72 (-8.34%)

06:02
04/28/17
04/28
06:02
04/28/17
06:02
Downgrade
Avnet rating change  »

Avnet downgraded to…

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MSFT

Microsoft

$68.27

0.44 (0.65%)

06:02
04/28/17
04/28
06:02
04/28/17
06:02
Recommendations
Microsoft analyst commentary  »

Piper an…

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  • 02

    May

  • 09

    May

ZEUS

Olympic Steel

$19.23

-0.64 (-3.22%)

06:02
04/28/17
04/28
06:02
04/28/17
06:02
Earnings
Olympic Steel reports Q1 EPS 68c, consensus 40c »

Reports Q1 revenue…

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  • 28

    Apr

  • 28

    Apr

HST

Host Hotels

$19.24

-0.03 (-0.16%)

06:01
04/28/17
04/28
06:01
04/28/17
06:01
Earnings
Host Hotels reports Q1 EPS 21c, consensus 15c »

Reports Q1 revenue…

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  • 28

    Apr

CVNA

Carvana

06:01
04/28/17
04/28
06:01
04/28/17
06:01
Syndicate
Carvana 15M share IPO priced at $15.00 »

The deal range was…

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  • 28

    Apr

ZYME

Zymeworks

06:00
04/28/17
04/28
06:00
04/28/17
06:00
Syndicate
Zymeworks 4.5M share IPO priced at $13.00 »

The deal range was…

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  • 28

    Apr

POR

Portland General Electric

$46.38

0.13 (0.28%)

06:00
04/28/17
04/28
06:00
04/28/17
06:00
Earnings
Breaking Earnings news story on Portland General Electric »

Portland General Electric…

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  • 28

    Apr

FB

Facebook

$147.70

1.14 (0.78%)

06:00
04/28/17
04/28
06:00
04/28/17
06:00
Hot Stocks
Facebook makes Messenger Lite available in 150 additional countries »

Facebook's head of…

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  • 03

    May

  • 08

    May

  • 16

    May

POR

Portland General Electric

$46.38

0.13 (0.28%)

05:59
04/28/17
04/28
05:59
04/28/17
05:59
Earnings
Portland General Electric reports Q1 EPS 82c, consensus 82c »

Reports Q1 revenue $530M,…

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  • 28

    Apr

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