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Fly News Breaks for March 13, 2017
BIVV, AIG, GME, TD, COL, BA
Mar 13, 2017 | 09:46 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Morgan Stanley analyst Rajeev Lalwani downgraded Boeing (BA) to Equal Weight from Overweight saying the risk/reward is more balanced with the stock up 40% since mid-2016. Lalwani has a $190 price target for Boeing shares. The analyst this morning coupled the downgrade of Boeing with an upgrade of Rockwell Collins (COL) to Overweight. 2. Deutsche Bank analyst Joshua Shanker downgraded AIG (AIG) to Sell from Hold, saying the resignation of CEO Peter Hancock is a "negative catalyst." The lack of a known successor indicates indecision from the board regarding strategic direction, said Shanker, who cut his price target for the shares to $57 from $61. 3. Goldman Sachs analyst Terence Flynn downgraded Bioverativ (BIVV) to Neutral from Buy citing valuation with the stock near his unchanged price target of $55. 4. RBC Capital downgraded Toronto-Dominion (TD) to Sector Perform from Outperform. Analyst Darko Mihelic says that "damaging reports" about the company's sales practices could harm its reputation, earnings, and valuation. 5. GameStop (GME) downgraded to Market Perform from Outperform at Telsey Advisory. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
News For BA;COL;TD;GME;AIG;BIVV From the Last 2 Days
GME
Mar 27, 2024 | 16:24 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
GME
Mar 27, 2024 | 12:00 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here
GME
Mar 27, 2024 | 12:00 EDT
GameStop is down -13.3%, or -$2.06 to $13.44.
GME
Mar 27, 2024 | 10:00 EDT
GameStop is down -16.0%, or -$2.48 to $13.02.
GME
Mar 27, 2024 | 08:55 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly.  HIGHER - Robinhood (HOOD)... To see the rest of the story go to thefly.com. See Story Here
GME
Mar 26, 2024 | 18:39 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSnCino (NCNO) up... To see the rest of the story go to thefly.com. See Story Here
BA
Mar 26, 2024 | 13:45 EDT
Moody's placed the Baa2 senior unsecured rating and Prime-2 short-term rating of Boeing on review for downgrade. The rating outlook was previously stable. "Placing the ratings on review for downgrade follows Moody's belief that Boeing will be unable to deliver 737 narrow-body aircraft at the volumes required for it to materially expand its free cash flow and retire debt in a reasonable timeframe," the ratings agency said in a statement. The aftereffects of the door plug ejection on Alaska Airlines flight 1282 on January 6, and investments in components and parts inventory in an attempt to reduce travelled work in the production of 737s will result in about $4.5B of negative free cash flow in Q1, it points out. Moody's says Boeing's cash will fall well below $10B come March 31.
BA
Mar 26, 2024 | 13:17 EDT
Japan looks to collaborate with the private sector to develop a next-generation passenger aircraft, hoping to avoid the pitfalls that doomed Mitsubishi Heavy Industries' (MHVYF) SpaceJet by encouraging the participation of multiple companies and helping create technology standards, Nikkei's Riho Nagao reports. The project is expected to explore propulsion systems beyond jet engines that are mainstream now, including the development of hydrogen-combustion engines, the report says. Other publicly traded companies in the space include Boeing (BA) and Airbus (EADSY). Reference Link
GME
Mar 26, 2024 | 13:05 EDT
Pre-earnings options volume in GameStop is 1.8x normal with calls leading puts 3:1. Implied volatility suggests the market is anticipating a move near 19.8%, or $2.99, after results are released. Median move over the past eight quarters is 10.3%.