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RYCEY

Rolls-Royce

$8.56

0.14 (1.66%)

, DAL

Delta Air Lines

$49.89

-1.03 (-2.02%)

13:36
12/22/16
12/22
13:36
12/22/16
13:36

Rolls-Royce, Delta enter SelectCare pact for Trent engines

Rolls-Royce (RYCEY) and Delta Air Lines (DAL) have entered into a SelectCare services agreement for Trent engines. The agreement covers Trent 800 engines on Boeing (BA) 777 aircraft operated by the airline. SelectCare is a fixed price overhaul service agreement that includes a suite of supplementary services that allow customers to benefit from Rolls-Royce's OEM insight and aftermarket capability, while providing cost certainty and fleet plan flexibility. It has already been selected by launch customer American Airlines (AAL) and Icelandair for RB211 engines. Reference Link

RYCEY

Rolls-Royce

$8.56

0.14 (1.66%)

DAL

Delta Air Lines

$49.89

-1.03 (-2.02%)

BA

Boeing

$157.53

0.05 (0.03%)

AAL

American Airlines

$49.47

0.25 (0.51%)

  • 25

    Jan

RYCEY Rolls-Royce
$8.56

0.14 (1.66%)

03/10/16
GSCO
03/10/16
DOWNGRADE
GSCO
Neutral
Rolls-Royce downgraded to Neutral from Buy at Goldman
Goldman Sachs analyst Chris Hallam downgraded Rolls-Royce to Neutral citing valuation.
04/04/16
FBCO
04/04/16
DOWNGRADE
FBCO
Underperform
Rolls-Royce downgraded to Underperform from Neutral at Credit Suisse
04/04/16
04/04/16
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. J.M. Smucker (SJM) downgraded to Sell at Goldman by analyst Jason English, who believes Smucker's faces a negative estimate revision cycle due to fundamental challenges in its core and recently acquired businesses. English said coffee costs have turned and expects SJM's favorable cost spread to turn negative in 2017 and recent distribution gains in both coffee and pet will begin to be lapped. 2. Allegheny Technologies (ATI) downgraded to Underperform at Cowen due to the firm's belief that the company's long-term outlook is encumbered by likely negative near-term free cash flow and earnings. 3. Consolidated Communications (CNSL) downgraded to Underperform at DA Davidson citing valuation. 4. Smith & Wesson (SWHC) downgraded to Hold, Market Perform and Neutral at BB&T, Cowen, and CL King. Cowen analyst Cai von Rumohr cited slowing March NICS data and share performance year-to-date. The analyst said sequential declines of 13.2% and 8.0% for handguns and long guns, respectively, were the weakest of the past decade and well below ten year averages for hand guns and long guns. 5. Rolls-Royce (RYCEY) downgraded to Underperform from Neutral at Credit Suisse. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/10/16
MSCO
08/10/16
UPGRADE
MSCO
Equal Weight
Rolls-Royce upgraded to Equal Weight from Underweight at Morgan Stanley
DAL Delta Air Lines
$49.89

-1.03 (-2.02%)

12/21/16
12/21/16
NO CHANGE

Delta Air Lines enters partnership with Aeromexico
Delta Air Lines and Aeromexico accepted the final order issued by the U.S. Department of Transportation granting them antitrust immunity and allowing the airlines to establish a joint cooperation agreement. This historic agreement will establish the largest transborder alliance between Mexico and the United States, expand competition and benefit customers of both airlines. Delta will offer a strong presence in the United States through its hubs in Atlanta, Detroit, Los Angeles, Minneapolis-St. Paul, New York, Salt Lake City and Seattle; while Aeromexico will offer larger access to Mexico through its hubs in Mexico City, Monterrey and Guadalajara. The airlines have been partners for 22 years. The regulatory approval represents an important milestone in the process, announced last year, to launch a cash tender offer for Delta's acquisition for up to 49 percent of Grupo Aeromexico S.A.B. de C.V., capital stock, further strengthening the partnership between the two airlines.
12/06/16
BOFA
12/06/16
NO CHANGE
BOFA
Delta Air Lines added to US 1 List at BofA/Merrill
11/18/16
11/18/16
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. Cisco (CSCO) coverage resumed with a Hold at Stifel. 2. UPS (UPS) was initiated with an Outperform at BMO Capital while the firm initiated FedEx (FDX) with a Market Perform. 3. Synchrony (SYF) was initiated with an Overweight at Stephens. The firm also initiated American Express (AXP) and Discover (DFS) with an Underweight. 4. American Airlines (AAL), Delta Air Lines (DAL), Southwest (LUV) and Allegiant Travel (ALGT) were initiated with a Buy at Citi while the firm initiated JetBlue (JBLU), United Continental (UAL), Alaska Air (ALK), and Hawaiian Holdings (HA) with a Neutral. 5. Juniper (JNPR) coverage resumed at Stifel. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/18/16
SBSH
11/18/16
INITIATION
Target $61
SBSH
Buy
Delta Air Lines initiated with a Buy at Citi
Citi analyst Kevin Crissey started Delta Air Lines with a Buy rating and $61 price target.
BA Boeing
$157.53

0.05 (0.03%)

12/13/16
MSCO
12/13/16
NO CHANGE
Target $185
MSCO
Overweight
Boeing raised its price target to $185 from $155 at Morgan Stanley
Morgan Stanley analyst Rajeev Lalwani raised Boeing's price target to $185 following the 30% increase to the dividend. The analyst believes the 30% raise demonstrates the Board's confidence in the cash flow story and addresses investor concerns regarding growth, sustainability, and accounting. Lalwani rates Boeing an Overweight.
12/21/16
GHSC
12/21/16
INITIATION
Target $180
GHSC
Buy
Boeing initiated with a Buy at Seaport Global
Seaport Global analyst Josh Sullivan initiated Boeing with a Buy and an $180 price target citing $400B+ in cash flow from the backlog and expectations for increased cash returns to shareholders.
12/21/16
12/21/16
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. Boeing (BA) initiated with a Buy at Seaport Global. 2. Qualcomm (QCOM) and NXP Semiconductors (NXPI) were initiated with a Neutral at Citi. 3. Mobileye (MBLY) was initiated with a Market Perform at BMO Capital and a Neutral at Susquehanna. 4. Ford (F) initiated with a Market Perform at BMO Capital. 5. Autoliv (ALV) initiated with an Outperform at BMO Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
12/22/16
VERT
12/22/16
NO CHANGE
VERT
Boeing take profits at current levels, says Vertical Research
Vertical Research analyst Robert Stallard said shares of Boeing have caught up to the S&P 500 for 2016 since the election. Stallard lowered earnings estimates to account for the latest 777 production cuts and said the airline outlook is easing. The analyst sees risk to the downside Boeing shares and recommends taking profits at current levels.
AAL American Airlines
$49.47

0.25 (0.51%)

11/18/16
SBSH
11/18/16
INITIATION
Target $55
SBSH
Buy
American Airlines initiated with a Buy at Citi
Citi analyst Kevin Crissey started American Airlines with a Buy rating and $55 price target. The analyst calls American his top pick in the sector. He sees potential upside in unit revenue due to slower competitive capacity growth.
12/15/16
LEHM
12/15/16
INITIATION
Target $62
LEHM
Equal Weight
American Airlines initiated with an Equal Weight at Barclays
Barclays analyst Brandon Oglenski started American Airlines with an Equal Weight rating and $62 price target.
10/11/16
BERN
10/11/16
INITIATION
BERN
Airlines initiated at Bernstein
Bernstein analyst David Vernon initiated coverage of the U.S. airline sector, saying that he is "bullish on the sector" and asserting that it has "favorable..dynamics." He expects the sector's stocks to have "higher average highs and higher average lows over time," driven partly by its investments in return enhancing programs, revenue enhancing initiatives, and "a stronger outlook for longer term capital return" which isn't reflected in valuation, according to the analyst. Vernon recommends owning airlines that have "less financial and operating leverage." He says that he is "favorably disposed" to Southwest (LUV) and Delta Air Lines (DAL), which he says have high returns and low leverage, and is less upbeat on United Continental (UAL), which he says has higher operating leverage and execution risk. He is bearish on American Airlines (AAL), as he thinks that its capacity growth and financial leverage create significant risk. The analyst started coverage of Southwest with an Outperform rating and a $51 price target. He initiated coverage of Delta and United Continental with Market Perform ratings and $43 and $55 price targets, respectively. He launched American with a $31 price target and Underperform rating.

TODAY'S FREE FLY STORIES

TSLA

Tesla

$312.60

-5.21 (-1.64%)

08:08
11/23/17
11/23
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11/23/17
08:08
Hot Stocks
Tesla CEO highlights 'record time' on Australian ion battery »

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  • 16

    Jan

TSLA

Tesla

$312.60

-5.21 (-1.64%)

08:07
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11/23
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Hot Stocks
Tesla completes construction on largest lithium ion battery in Australia »

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  • 16

    Jan

GSK

GlaxoSmithKline

$35.06

0.25 (0.72%)

, INVA

Innoviva

$13.42

0.01 (0.07%)

07:56
11/23/17
11/23
07:56
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07:56
Hot Stocks
GSK, Innoviva submit data to FDA for expanded Trelegy Ellipta label »

GlaxoSmithKline (GSK) and…

GSK

GlaxoSmithKline

$35.06

0.25 (0.72%)

INVA

Innoviva

$13.42

0.01 (0.07%)

03/08/13
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SVM

Silvercorp Metals

$2.51

-0.07 (-2.71%)

07:52
11/23/17
11/23
07:52
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07:52
Hot Stocks
Silvercorp Metals to buy back up to 5% of shares »

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CEL

Cellcom Israel

$10.00

-0.1 (-0.99%)

07:49
11/23/17
11/23
07:49
11/23/17
07:49
Hot Stocks
Cellcom Israel now second layer company according to Concentration Law »

Cellcom Israel announced…

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GASS

StealthGas

$4.07

0.36 (9.70%)

07:06
11/23/17
11/23
07:06
11/23/17
07:06
Recommendations
StealthGas analyst commentary  »

StealthGas trades at only…

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CPRT

Copart

$41.01

4.31 (11.74%)

07:02
11/23/17
11/23
07:02
11/23/17
07:02
Recommendations
Copart analyst commentary  »

Copart price target…

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  • 19

    Dec

DE

Deere

$145.25

6.02 (4.32%)

06:56
11/23/17
11/23
06:56
11/23/17
06:56
Upgrade
Deere rating change  »

Deere upgraded to Buy…

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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  • 28

    Nov

DE

Deere

$145.25

6.02 (4.32%)

06:55
11/23/17
11/23
06:55
11/23/17
06:55
Recommendations
Deere analyst commentary  »

Deere price target raised…

03/08/13
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  • 28

    Nov

06:40
11/23/17
11/23
06:40
11/23/17
06:40
General news
FX Update: The dollar has remained on a weakening track »

FX Update: The dollar has…

SECO

Seeco Holding

$8.34

0.14 (1.71%)

04:55
11/23/17
11/23
04:55
11/23/17
04:55
Conference/Events
Seeco Holding management to meet with Jefferies »

Meetings to be held in…

03/08/13
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03/06/13
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  • 23

    Nov

04:55
11/23/17
11/23
04:55
11/23/17
04:55
Conference/Events
Deutsche Bank to hold a conference »

Thailand SET Corporate…

04:55
11/23/17
11/23
04:55
11/23/17
04:55
Conference/Events
RBC Capital to hold field trip »

European Utilities Field…

BASFY

BASF

$27.39

-0.13 (-0.47%)

04:55
11/23/17
11/23
04:55
11/23/17
04:55
Conference/Events
BASF management to meet with Evercore ISI »

Meetings to be held in…

03/08/13
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03/06/13
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  • 23

    Nov

  • 24

    Nov

RBS

RBS

$7.30

-0.04 (-0.54%)

04:55
11/23/17
11/23
04:55
11/23/17
04:55
Conference/Events
RBS management to meet with Jefferies »

Meetings to be held in…

03/08/13
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03/06/13
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  • 23

    Nov

  • 24

    Nov

04:25
11/23/17
11/23
04:25
11/23/17
04:25
General news
FX Action: USD-CAD punched out a 10-day low »

FX Action: USD-CAD…

02:35
11/23/17
11/23
02:35
11/23/17
02:35
General news
FX Update: The dollar has remained on a downward path »

FX Update: The dollar…

L

Loews

$49.36

-0.02 (-0.04%)

, GE

General Electric

$18.15

0.32 (1.79%)

18:41
11/22/17
11/22
18:41
11/22/17
18:41
Hot Stocks
Loews CEO James Tisch buys 3M shares of General Electric »

In a regulatory filing,…

L

Loews

$49.36

-0.02 (-0.04%)

GE

General Electric

$18.15

0.32 (1.79%)

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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BRFS

BRF S.A.

$12.77

-0.16 (-1.24%)

18:06
11/22/17
11/22
18:06
11/22/17
18:06
Hot Stocks
BRF S.A. names Jose Aurelio Drummond Jr. as CEO »

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SU

Suncor

$35.42

0.2 (0.57%)

18:02
11/22/17
11/22
18:02
11/22/17
18:02
Hot Stocks
Suncor closes sale of equity interest in East Tan Farm, redeems $750M in debt »

Suncor successfully…

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  • 05

    Dec

SAP

SAP

$113.85

-1.44 (-1.25%)

17:53
11/22/17
11/22
17:53
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17:53
Periodicals
SAP launches investigation of sales practices in Gulf region, Reuters reports »

SAP has launched a formal…

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FB

Facebook

$180.87

-0.99 (-0.54%)

17:47
11/22/17
11/22
17:47
11/22/17
17:47
Periodicals
Facebook tool to show users which content was Russian propaganda, says Bloomberg »

Facebook will add a tool…

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CSX

CSX

$51.01

0.79 (1.57%)

17:24
11/22/17
11/22
17:24
11/22/17
17:24
Periodicals
CSX to charge more fees on customers that disregard shipping rules, Reuters says »

Starting on January 1st,…

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  • 28

    Nov

AYTU

Aytu BioScience

$3.03

0.4301 (16.54%)

17:10
11/22/17
11/22
17:10
11/22/17
17:10
Syndicate
Breaking Syndicate news story on Aytu BioScience »

Aytu BioScience files…

03/08/13
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03/06/13
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EPIX

ESSA Pharma

$0.27

0.0059 (2.27%)

17:09
11/22/17
11/22
17:09
11/22/17
17:09
Hot Stocks
ESSA Pharma to begin trading on TSX Venture Exchange »

ESSA Pharma is listing…

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