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UTX

United Technologies

$108.78

0.67 (0.62%)

21:22
11/27/16
11/27
21:22
11/27/16
21:22

United Technologies, Trump team seek compromise on Carrier jobs, NY Times says

United Technologies subsidiary Carrier could end up keeping some of its 2,000 Mexico-bound jobs in Indiana, and in exchange, the incoming Donald Trump administration could ease business regulations and soften its rhetoric on tariffs, the New York Times reported Friday. Officials familiar with the negotiations described the talks as two-way, with both parties pursuing a compromise. The publication contended that the cost of defying Trump "may well outweigh the tens of millions of dollars to be saved by relocating production." Reference Link

UTX United Technologies
$108.78

0.67 (0.62%)

10/10/16
10/10/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Honeywell (HON) downgraded to Buy from Conviction Buy at Goldman with analyst Christopher Glynn lowering his Q3 Earnings Per Share expectations for Honeywell after the company cut its earnings and revenue outlook and trimmed his price target to $122 from $128. 2. United Technologies (UTX) downgraded to Neutral from Buy at Citi with analyst Jason Gursky saying he sees three issues limiting share upside over the next twelve-plus months. 3. PNC Financial (PNC) was downgraded to Neutral from Buy at Nomura while the firm downgraded Fifth Third (FITB) to Reduce from Neutral. 4. Myriad Genetics (MYGN) downgraded to Sell from Neutral at Ladenburg with analyst Kevin DeGeeter citing a "significant and unexpected deterioration" in outlook for the company's companion diagnostic franchise. 5. HSN, Inc. (HSNI) downgraded to Hold from Buy at Craig-Hallum with analyst Alex Fuhrman saying his channel checks indicate continued weakness in the third quarter, with particular weakness in jewelry and consumer electronics. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/10/16
SBSH
10/10/16
DOWNGRADE
Target $109
SBSH
Neutral
United Technologies downgraded to Neutral from Buy at Citi
Citi analyst Jason Gursky downgraded United Technologies to Neutral saying he sees three issues limiting share upside over the next twelve-plus months. Gursky believes 2017 consensus estimates are too high and that management is likely to reduce its 2020 targets at March's annual investor day. Further, he highlights manufacturing issues on the new GTF engine. The analyst cut his price target for the shares to $109 from $115.
10/06/16
BARD
10/06/16
INITIATION
Target $110
BARD
Neutral
United Technologies initiated with a Neutral at Baird
Baird analyst Peter.Arment initiated United Technologies with a Neutral and a $110 price target.
05/03/16
05/03/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. ACADIA (ACAD) downgraded to Market Perform at Leerink by analyst Paul Matteis, who said his 2016-2018 revenue estimates are below consensus. The analyst said that consensus estimates for the pimavanserin launch "may overlook a collection of minor headwinds." He admits that ACADIA could be attractive to multiple potential buyers, including Biogen (BIIB) and Amgen (AMGN).2. Sarepta (SRPT) downgraded to Underperform at Leerink with analyst Joseph Schwartz believing the FDA's interpretation of empirical data for eteplirsen will be consistent with the recent negative panel, which was critical despite powerful human testimonies. 3. Community Health (CYH) downgraded to Underperform at BofA/Merrill by analyst Kevin Fischbeck, who said Q1 was disappointing. The analyst does not see volumes accelerating and is skeptical the company can turn around HMA assets in the near-term enough to hit margin targets. 4. United Technologies (UTX) downgraded to Sector Perform at RBC Capital because the firm says that Honeywell's (HON) actions indicate that it's no longer interested in buying United Technologies. The firm also said that Honeywell hasn't looked to increase the amount of cash it returns to shareholders. 5. On Deck Capital (ONDK) downgraded to Underperform at Sterne Agee CRT, to Hold at Canaccord and Needham, and to Neutral at BTIG following its weaker than expected Q1 results and guidance cut. Canaccord analyst Michael Graham said tepid originations growth raises concerns regarding borrowing demand and sees increased uncertainties cropping up. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

VFC

VF Corp.

$57.14

1.35 (2.42%)

15:36
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12/05
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15:36
Technical Analysis
VF Corp. rises, rounding bottom pattern »

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MYGN

Myriad Genetics

$16.66

0.02 (0.12%)

15:30
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15:30
Options
Vote of confidence in Myriad Genetics will result in big open interest increase »

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SMTC

Semtech

$30.30

1.2 (4.12%)

15:25
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12/05
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15:25
Conference/Events
Semtech management to meet with B. Riley »

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MMI

Marcus & Millichap

$27.78

0.49 (1.80%)

15:25
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Marcus & Millichap's IPA unit closes sale of Isle at Arrowhead Ranch for $42M »

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15:25
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General news
Treasury Closing Summary: »

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RDI

Reading International

$15.76

-0.17 (-1.07%)

15:24
12/05/16
12/05
15:24
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15:24
Conference/Events
Reading International management to meet with B. Riley »

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  • 06

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ON

ON Semiconductor

$11.12

0.15 (1.37%)

15:22
12/05/16
12/05
15:22
12/05/16
15:22
Conference/Events
ON Semiconductor management to meet with B. Riley »

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  • 06

    Dec

SUP

Superior Industries

$25.43

0.725 (2.94%)

15:20
12/05/16
12/05
15:20
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15:20
Conference/Events
Superior Industries management to meet with B. Riley »

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  • 05

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  • 10

    Jan

VFC

VF Corp.

$57.11

1.315 (2.36%)

15:20
12/05/16
12/05
15:20
12/05/16
15:20
Options
5X average daily option volume in VFC driven by a three-way spread »

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AIQ

Alliance HealthCare

15:16
12/05/16
12/05
15:16
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15:16
Hot Stocks
Alliance HealthCare Radiology forms partnership with Sodexo Healthcare »

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$NYE

NYSE Market Internals

15:16
12/05/16
12/05
15:16
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15:16
Technical Analysis
NYSE market internals summary »

Breadth is bullish across…

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$NSD

NASDAQ Market Internals

15:16
12/05/16
12/05
15:16
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15:16
Technical Analysis
NASDAQ market internals summary »

Volume is heavier than…

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STO

Statoil

$17.74

0.025 (0.14%)

, BP

BP

$35.59

0.11 (0.31%)

15:15
12/05/16
12/05
15:15
12/05/16
15:15
Periodicals
Statoil, BP, Total group awarded first block in Salina auction, Reuters says »

Mexico has awarded a…

STO

Statoil

$17.74

0.025 (0.14%)

BP

BP

$35.59

0.11 (0.31%)

TOT

Total

$48.33

0.55 (1.15%)

03/08/13
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CCO

Clear Channel Outdoor

$5.55

-0.1 (-1.77%)

15:10
12/05/16
12/05
15:10
12/05/16
15:10
Hot Stocks
Clear Channel Airports awarded 10-year contract extension by MNAA »

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T

AT&T

$38.78

0.1735 (0.45%)

, INTC

Intel

$34.16

0.4 (1.18%)

15:06
12/05/16
12/05
15:06
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15:06
Hot Stocks
AT&T launches first 5G business customer trial with Intel and Ericsson »

AT&T (T) said it has…

T

AT&T

$38.78

0.1735 (0.45%)

INTC

Intel

$34.16

0.4 (1.18%)

ERIC

Ericsson

$5.16

0.04 (0.78%)

03/08/13
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    Mar

LLL

L-3 Communications

$157.70

0.47 (0.30%)

15:03
12/05/16
12/05
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15:03
Conference/Events
L-3 Communications to host investor meeting with conference call hookup »

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  • 06

    Dec

PARR

Par Pacific

$15.19

0.2 (1.33%)

14:55
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Hot Stocks
Whitebox Advisors cuts Par Pacific stake to 16.4% from 18.2% »

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14:55
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14:55
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Conference/Events
U.S. Vice President Biden speaks on financial regulation »

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GBT

Global Blood Therapeutics

$19.10

-0.1 (-0.52%)

14:55
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14:55
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14:55
Conference/Events
Global Blood Therapeutics to hold a webcast »

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NEWM

New Media

$15.93

-0.06 (-0.38%)

, DTSI

DTS, Inc.

14:55
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Hot Stocks
New Media to replace DTS, Inc. in S&P 600 as of 12/5 close »

S&P SmallCap 600…

NEWM

New Media

$15.93

-0.06 (-0.38%)

DTSI

DTS, Inc.

TSRA

Tessera

$39.30

0.2 (0.51%)

03/08/13
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NBHC

National Bank

$29.99

0.835 (2.86%)

, ININ

Interactive Intelligence

14:55
12/05/16
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14:55
Hot Stocks
National Bank to replace Interactive Intelligence in S&P 600 as of 12/5 close »

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NBHC

National Bank

$29.99

0.835 (2.86%)

ININ

Interactive Intelligence

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BDC

Belden

$74.55

0.46 (0.62%)

14:50
12/05/16
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14:50
Hot Stocks
Belden CEO says targets long-term revenue growth 5%-7% »

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  • 05

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IMGN

ImmunoGen

$1.88

0.11 (6.21%)

14:49
12/05/16
12/05
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Hot Stocks
Breaking Hot Stocks news story on ImmunoGen »

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COUP

Coupa Software

$26.29

-1.49 (-5.36%)

14:49
12/05/16
12/05
14:49
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14:49
Options
Coupa Software options imply 19.3% move in share price post-earnings, below median historical move »

Pre-earnings options…

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  • 05

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IMGN

ImmunoGen

$1.88

0.11 (6.21%)

14:47
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Hot Stocks
ImmunoGen reports preclinical data on IMGN632 presented at ASH meeting »

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