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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

BLCM

Bellicum Pharmaceuticals

$13.32

0.18 (1.37%)

17:05
06/28/17
06/28
17:05
06/28/17
17:05
Syndicate
Breaking Syndicate news story on Bellicum Pharmaceuticals »

Bellicum files $150M…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 26

    Sep

KND

Kindred Healthcare

$11.50

0.25 (2.22%)

17:04
06/28/17
06/28
17:04
06/28/17
17:04
Hot Stocks
Kindred Healthcare to partner on new Montana rehabilitation hospital »

Kindred Healthcare,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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LOGI

Logitech

$37.02

0.46 (1.26%)

17:02
06/28/17
06/28
17:02
06/28/17
17:02
Hot Stocks
Logitech nominates to new directors, proposes 10% dividend increase »

Logitech announced that…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
Barclays

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  • 29

    Aug

BLCM

Bellicum Pharmaceuticals

$13.32

0.18 (1.37%)

17:00
06/28/17
06/28
17:00
06/28/17
17:00
Syndicate
Breaking Syndicate news story on Bellicum Pharmaceuticals »

Bellicum files to sell…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 26

    Sep

XLF

Financial Select Sector

$24.52

0.38 (1.57%)

17:00
06/28/17
06/28
17:00
06/28/17
17:00
Technical Analysis
Technical View: Financial Select Sector rises in extended trading »

The Financial Select…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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C

Citi

$65.18

0.95 (1.48%)

16:58
06/28/17
06/28
16:58
06/28/17
16:58
Technical Analysis
Technical View: Citi rises after hours »

In the extended session…

03/08/13
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  • 28

    Jun

  • 14

    Jul

  • 20

    Jul

  • 25

    Jul

BAC

Bank of America

$23.88

0.61 (2.62%)

16:54
06/28/17
06/28
16:54
06/28/17
16:54
Hot Stocks
Bank of America to boost quarterly dividend 60%, authorizes $12B share buyback »

Bank of America announced…

03/08/13
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03/06/13
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03/06/13
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CNSL

Consolidated Communications

$21.27

0.53 (2.56%)

, FRP

FairPoint

$15.50

0.5 (3.33%)

16:54
06/28/17
06/28
16:54
06/28/17
16:54
Hot Stocks
Consolidated Communications-FairPoint merger secures regulatory approvals »

Consolidated…

CNSL

Consolidated Communications

$21.27

0.53 (2.56%)

FRP

FairPoint

$15.50

0.5 (3.33%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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FB

Facebook

$153.24

2.66 (1.77%)

16:54
06/28/17
06/28
16:54
06/28/17
16:54
Periodicals
Facebook creating ad targeting for families, Axios reports »

Facebook is creating new…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 28

    Jun

  • 28

    Jun

  • 19

    Jul

NTRS

Northern Trust

$96.66

1.24 (1.30%)

16:52
06/28/17
06/28
16:52
06/28/17
16:52
Hot Stocks
Northern Trust to increase dividend to 42c per share, buy back $750M in stock »

Northern Trust…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 19

    Jul

SBOT

Stellar Biotechnologies

$1.23

-0.05 (-3.91%)

16:51
06/28/17
06/28
16:51
06/28/17
16:51
Hot Stocks
Breaking Hot Stocks news story on Stellar Biotechnologies »

Frank R. Oakes reports…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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CMA

Comerica

$71.94

0.14 (0.19%)

16:51
06/28/17
06/28
16:51
06/28/17
16:51
Hot Stocks
Comerica plans to increase dividend 15%, buy back up to $605M of common stock »

Comerica announced that…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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JPM

JPMorgan

$89.82

1.77 (2.01%)

16:50
06/28/17
06/28
16:50
06/28/17
16:50
Hot Stocks
JPMorgan to up quarterly dividend to 56c/share, authorizes $19.4B share buyback »

JPMorgan Chase & Co.…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 14

    Jul

  • 12

    Oct

  • 13

    Apr

  • 14

    Jul

  • 12

    Oct

BBVA

Banco Bilbao

$8.54

0.16 (1.91%)

16:50
06/28/17
06/28
16:50
06/28/17
16:50
Hot Stocks
BBVA Compass receives no objection to its 2017 capital plan »

BBVA Compass Bancshares,…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 28

    Jun

ZION

Zions Bancorp

$42.97

0.43 (1.01%)

16:49
06/28/17
06/28
16:49
06/28/17
16:49
Hot Stocks
Zions to boost common dividend to 24c per share by 2Q18 »

The Board of Governors of…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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PNC

PNC Financial

$123.40

2.28 (1.88%)

16:48
06/28/17
06/28
16:48
06/28/17
16:48
Hot Stocks
PNC says proposed capital plans include 36% dividend hike, $2.7B in buybacks »

The PNC Financial…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 14

    Jul

MBUU

Malibu Boats

$25.75

0.28 (1.10%)

16:47
06/28/17
06/28
16:47
06/28/17
16:47
Hot Stocks
Malibu Boats to acquire Cobalt Boats for $130M »

Malibu Boats announced…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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CIT

CIT Group

$48.61

0.27 (0.56%)

16:47
06/28/17
06/28
16:47
06/28/17
16:47
Hot Stocks
CIT Group receives no objection to its 2017 capital plan »

CIT Group announced that…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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DFS

Discover

$61.88

0.81 (1.33%)

16:47
06/28/17
06/28
16:47
06/28/17
16:47
Hot Stocks
Discover to boost quarterly dividend to 35c per share, authorizes $2.23B buyback »

Discover Financial…

03/08/13
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03/06/13
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03/06/13
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  • 26

    Jul

AMZN

Amazon.com

$990.33

13.55 (1.39%)

, WMT

Wal-Mart

$76.51

0.5 (0.66%)

16:46
06/28/17
06/28
16:46
06/28/17
16:46
Periodicals
Amazon holds first ever 'meet and greet' for sellers, Bloomberg says »

Amazon (AMZN) is holding…

AMZN

Amazon.com

$990.33

13.55 (1.39%)

WMT

Wal-Mart

$76.51

0.5 (0.66%)

EBAY

eBay

$35.31

0.4 (1.15%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 28

    Jun

STI

SunTrust

$56.09

0.88 (1.59%)

16:46
06/28/17
06/28
16:46
06/28/17
16:46
Hot Stocks
SunTrust boosts quarterly dividend 54%, authorizes $1.32B share buyback »

SunTrust Bank announced…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 21

    Jul

KEY

KeyCorp

$18.38

0.18 (0.99%)

16:44
06/28/17
06/28
16:44
06/28/17
16:44
Hot Stocks
KeyCorp to boost quarterly dividend to 10.5c per share, to repurchase $800M »

KeyCorp announced its…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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BK

BNY Mellon

$50.60

0.92 (1.85%)

16:43
06/28/17
06/28
16:43
06/28/17
16:43
Hot Stocks
BNY Mellon to raise dividend 24%, repurchase up to $3.1B of common stock »

BNY Mellon announced that…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 20

    Jul

CFG

Citizens Financial

$35.34

0.5 (1.44%)

16:42
06/28/17
06/28
16:42
06/28/17
16:42
Hot Stocks
Citizens Financial plans 18c per share quarterly dividends, $850M share buyback »

Citizens Financial…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 21

    Jul

FITB

Fifth Third

$25.49

0.4 (1.59%)

, VNTV

Vantiv

$63.47

1.09 (1.75%)

16:41
06/28/17
06/28
16:41
06/28/17
16:41
Hot Stocks
Fifth Third to raise dividend to 16c, repurchase $1.161B of common stock »

Fifth Third Bancorp…

FITB

Fifth Third

$25.49

0.4 (1.59%)

VNTV

Vantiv

$63.47

1.09 (1.75%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 21

    Jul

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