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Textron

$38.36

0.27 (0.71%)

10:00
10/19/16
10/19
10:00
10/19/16
10:00

Defensive short-term play in Textron ahead of earnings tomorrow

Defensive short-term play in Textron ahead of earnings tomorrow. Oct 34 - 37 put spreads trade 3.5K total, including 624 for 45c. The new position offers a max payout if shares drop 11.3% to $34, or below, through the end of this week. The stock saw a modest 1.6% uptick on 7/22 after the last report and average daily post-earnings moves of 5.2% over the past eight quarters.

  • 20

    Oct

TXT Textron
$38.36

0.27 (0.71%)

01/28/16
01/28/16
DOWNGRADE

On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Azure Midstream Partners (AZUR) downgraded at Stifel... Chesapeake (CHK) downgraded to Hold from Buy at Wunderlich... CorEnergy (CORR) downgraded at Stifel... DCP Midstream (DPM) downgraded to Hold from Buy at Stifel... DynCorp (DCP) downgraded at Stifel... Ericsson (ERIC) downgraded on challenging outlook at BMO Capital... H&E Equipment (HEES) downgraded to Neutral from Buy at UBS... Halcon Resources (HK) downgraded to Hold from Buy at Wunderlich... InvenSense (INVN) downgraded to Market Perform from Outperform at Barrington... Invitae (NVTA) downgraded to Market Perform from Outperform at Leerink... Kirby (KEX) downgraded to Sector Perform from Outperform at RBC Capital... MEG Energy (MEGEF) downgraded to Equal Weight from Overweight at Barclays... Metro (MTTRY) downgraded to Underweight from Neutral at JPMorgan... OSI Systems (OSIS) downgraded to Hold following Q2 miss at BB&T... Oasis Petroleum (OAS) downgraded to Hold from Buy at Wunderlich... Pan American Silver (PAAS) downgraded to Market Perform from Outperform at FBR Capital... Qualcomm (QCOM) downgraded to Market Perform from Outperform at William Blair... Range Resources (RRC) downgraded to Equal Weight from Overweight at Barclays... Rockwell Automation (ROK) downgraded to Underperform from Market Perform at Bernstein... Royal Gold (RGLD) downgraded to Market Perform from Outperform at FBR Capital... SEI Investments (SEIC) downgraded to Underperform at Keefe Bruyette... SandRidge Energy (SD) downgraded to Sell from Hold at Wunderlich... Seadrill (SDRL) downgraded to Equal Weight from Overweight at Morgan Stanley... ServiceNow (NOW) downgraded to Neutral from Buy at MKM Partners... State Bank Financial (STBZ) downgraded to Hold from Buy at Sandler O'Neill... Sunoco Logistics (SXL) downgraded at Stifel... Tallgrass Energy GP (TEGP) downgraded to Hold from Buy at Stifel... Tallgrass Energy (TEP) downgraded to Hold from Buy at Stifel... Textron (TXT) downgraded to Hold from Buy at Drexel Hamilton... TripAdvisor (TRIP) downgraded to Underperform from Market Perform at Raymond James... Tupperware Brands (TUP) downgraded to Neutral from Overweight at Piper Jaffray... U.S. Steel (X) downgraded to Hold from Buy at Argus... United Rentals (URI) downgraded to Neutral from Buy at UBS... Welltower (HCN) downgraded to Hold from Buy at Evercore ISI... Western Gas Partners (WES) downgraded to Hold from Buy at Stifel... Whiting Petroleum (WLL) downgraded to Hold from Buy at Wunderlich.
06/23/16
MSCO
06/23/16
INITIATION
Target $39
MSCO
Underweight
Textron initiated with an Underweight at Morgan Stanley
Morgan Stanley analyst Rajeev Lalwani initiated Textron with an Underweight and $39 price target. The analyst is cautious given the challenging bizjet and helicopter markets and sees limited margin expansion potential.
06/23/16
06/23/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Amazon.com (AMZN), eBay (EBAY), and Groupon (GRPN) initiated with a Buy at Maxim. 2. Boeing (BA) initiated with an Overweight at Morgan Stanley. 3. Wal-Mart (WMT) coverage assumed with a Buy at Nomura. 4. Textron (TXT) initiated with an Underweight at Morgan Stanley. 5. ANI Pharmaceuticals (ANIP) initiated with a Strong Buy at Raymond James. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/06/16
BARD
10/06/16
INITIATION
Target $48
BARD
Outperform
Textron initiated with an Outperform at Baird
Baird analyst Peter.Arment initiated Textron with an Outperform and a $48 price target.

TODAY'S FREE FLY STORIES

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ATTU

Attunity

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  • 17

    Jan

OTIV

On Track Innovations

$1.37

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SYF

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  • 19

    Jan

F

Ford

$13.23

0.07 (0.53%)

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MDXG

MiMedx

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  • 18

    Jan

UCTT

Ultra Clean

$23.22

0.47 (2.07%)

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  • 17

    Jan

LBCC

Long Blockchain Corp.

$5.02

-0.48 (-8.73%)

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CRAY

Cray

08:35
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  • 17

    Jan

LNG

Cheniere Energy

$54.73

0.29 (0.53%)

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  • 25

    Jun

UCTT

Ultra Clean

$23.22

0.47 (2.07%)

08:34
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Earnings
Ultra Clean reaffirms Q4 revenue view $240.0M-$250M, consensus $244.32M »

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  • 17

    Jan

PX

Praxair

$164.15

0.34 (0.21%)

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  • 25

    Jan

CNCE

Concert Pharmaceuticals

$20.15

-7.53 (-27.20%)

, INCY

Incyte

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INCY

Incyte

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  • 18

    Jan

MGM

MGM Resorts

$35.03

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, LVS

Las Vegas Sands

$71.02

0.39 (0.55%)

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MGM

MGM Resorts

$35.03

-0.08 (-0.23%)

LVS

Las Vegas Sands

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Wynn Resorts

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MLCO

Melco Resorts & Entertainment

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IRWD

Ironwood

$15.12

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, AGN

Allergan

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IRWD

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$15.12

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AGN

Allergan

$176.05

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  • 06

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YUMC

Yum China

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2.06 (4.70%)

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  • 07

    Feb

IO

ION Geophysical

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OSIS

OSI Systems

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  • 14

    Jun

HRTX

Heron Therapeutics

$21.40

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, TSRO

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HRTX

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$21.40

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TSRO

Tesaro

$69.59

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08:31
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Empire State Mfg Survey General Business Conditions Index data reported »

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LMOS

Lumos Networks

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WP

Worldpay

$77.60

1.94 (2.56%)

, BOBE

Bob Evans

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BOBE

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SYT

Syngenta

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HAWK

Blackhawk

$36.50

-0.5 (-1.35%)

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