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CMI

Cummins

$136.29

-4.42 (-3.14%)

, FCAU

Fiat Chrysler

$9.30

-1.79 (-16.14%)

11:27
01/12/17
01/12
11:27
01/12/17
11:27

Cummins off lows as link to Fiat Chrysler accused diesel engines questioned

Shares of Cummins (CMI) have been weak since the Environmental Protection Agency, or EPA, issued a notice of violation to Fiat Chrysler Automobiles (FCAU) for alleged violations of the Clean Air Act for installing and failing to disclose engine management software in light-duty model year 2014, 2015 and 2016 Jeep Grand Cherokees and Dodge Ram 1500 trucks with 3.0 liter diesel engines sold in the U.S. However, as questions arise as to the supplier of those engines, shares of Cummins have recovered off their worse levels of the session. Cummins shares are down about 2% at $137.96, improved from an earlier low near $134 per share.

CMI

Cummins

$136.29

-4.42 (-3.14%)

FCAU

Fiat Chrysler

$9.30

-1.79 (-16.14%)

CMI Cummins
$136.29

-4.42 (-3.14%)

12/01/16
12/01/16
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. Cummins (CMI) downgraded to Outperform from Buy at CLSA with analyst Kristine Kubacki citing valuation. 2. Cerner (CERN) downgraded to Market Perform from Outperform at Leerink with analyst David Larsen saying he believes there are several macro-headwinds putting pressure on the company's business model that he does not expect to alleviate any time soon. 3. McDonald's (MCD) and Wendy's (WEN) downgraded to Neutral from Buy at Guggenheim. 4. QuintilesIMS (Q) was downgraded to Market Perform from Strong Buy at Raymond James and to Market Perform from Outperform at William Blair. 5. National Oilwell (NOV) downgraded to Sell from Neutral at Seaport Global with analyst Richard Hastings citing premium valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/28/16
PIPR
12/28/16
NO CHANGE
PIPR
Piper lays out top Auto and Truck picks into 2017
Piper Jaffray analyst Alexander Potter ranked his auto- and truck-related stocks in order of conviction heading into 2017. His top three names are General Motors (GM), Delphi (DLPH) and Mobileye (MBLY). Mobileye offers the most "compelling upside potential" at almost 70%, but also the most risk, Potter tells investors in a research note on the Autos, Trucks, and Advanced Mobility space. As such, the stock sits third behind GM and Delphi in order of preference. After a strong showing in 2016, the analyst thinks most of the truck stocks will struggle to outperform in 2017. He calls Allison Transmission (ALSN) a notable Underweight.
01/09/17
LEHM
01/09/17
UPGRADE
Target $135
LEHM
Equal Weight
Cummins upgraded to Equal Weight from Underweight at Barclays
Barclays analyst Robert Wertheimer upgraded Cummins to Equal Weight saying the company's , share loss may moderate while its capital deployment could drive upside. The analyst raised his price target for the shares to $135 from $108.
01/09/17
01/09/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. American Express (AXP) upgraded to Buy from Neutral at BofA/Merrill with analyst Kenneth Bruce saying increased travel and entertainment spending and easing competitive concerns should drive a higher multiple. 2. Dr Pepper Snapple (DPS) upgraded to Neutral from Sell at Goldman with analyst Jason English saying potentially rising rates are a headwind to valuation, expects fundamentals to remain challenged on sluggish end market demand and big brand share challenges, and incremental headwinds from the rising U.S. dollar. 3. Clorox (CLX) upgraded to Equal Weight from Underweight at Barclays with analyst Lauren Lieberman upgrading Clorox to Equal Weight after lowering her U.S. Non-Food Consumer Staples sector view to Neutral from Positive. The analyst lowered her price target for the shares to $111 from $115. 4. JD.com (JD) upgraded to Overweight from Neutral at JPMorgan with analyst Alex Yao citing first-party revenue growth momentum and expectations for a third-party growth recovery in 2017. 5. Cummins (CMI) upgraded to Equal Weight from Underweight at Barclays with analyst Robert Wertheimer saying the company's , share loss may moderate while its capital deployment could drive upside. The analyst raised his price target for the shares to $135 from $108. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
FCAU Fiat Chrysler
$9.30

-1.79 (-16.14%)

11/30/16
MACQ
11/30/16
INITIATION
MACQ
Underperform
Fiat Chrysler initiated with an Underperform at Macquarie
Macquarie analyst Christian Breitsprecher initiated Fiat Chrysler with an Underperform saying it remains strategically the weakest player in key markets of the US and Europe and notes it is currently in a net debt position with a sizable pension liability.
12/01/16
12/01/16
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. Alcoa (AA) initiated with a Sell at Deutsche Bank. 2. Akorn (AKRX) initiated with a Sell at Goldman. 3. General Motors (GM) initiated with an Outperform at Macquarie, while the firm initiated Fiat Chrysler (FCAU) with an Underperform and Ford (F) with a Neutral. 4. Mobileye (MBLY) initiated with a Buy at Needham. 5. Alarm.com (ALRM) initiated with a Buy at Maxim. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
01/06/17
GSCO
01/06/17
UPGRADE
GSCO
Conviction Buy
Fiat Chrysler upgraded to Conviction Buy from Buy at Goldman
Goldman analyst Stefan Burgstaller added Fiat Chrysler to the Conviction Buy List and raised 2017/18 EBIT estimates by 21%/36%, primarily driven by an improved price-mix as a result of the company's NAFTA product realignment. The analyst said the market appears to be skeptical of the company's earnings prospects but he believes Fiat's ability to improve its NAFTA price mix through shifting of production away from mass-market cars and into more profitable vehicles will drive EBIT growth.
01/06/17
01/06/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Disney (DIS) upgraded to Outperform from Sector Perform at RBC Capital with analyst Steven Cahall saying he believes sentiment on the media and theme park conglomerate is improving. 2. Gartner (IT) upgraded to Outperform from Market Perform at BMO Capital and to Outperform from Sector Perform at RBC Capital. 3. Fiat Chrysler (FCAU) upgraded to Conviction Buy from Buy at Goldman with analyst Stefan Burgstaller adding Fiat Chrysler to the Conviction Buy List and raised 2017/18 EBIT estimates by 21%/36%, primarily driven by an improved price-mix as a result of the company's NAFTA product realignment. The analyst said the market appears to be skeptical of the company's earnings prospects but he believes Fiat's ability to improve its NAFTA price mix through shifting of production away from mass-market cars and into more profitable vehicles will drive EBIT growth. 4. Integra LifeSciences (IART) upgraded to Outperform from Market Perform at JMP Securities with analyst David Turkaly saying he believes its recent fundamental performance is sustainable after the company streamlined its portfolio to become faster growing and regenerative medicine focused. 5. Willis Towers Watson (WLTW) upgraded to Outperform 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.

TODAY'S FREE FLY STORIES

ABX

Barrick Gold

$12.57

-0.0933 (-0.74%)

13:25
02/22/18
02/22
13:25
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13:25
Conference/Events
Barrick Gold to host investor day »

Investor meeting to be…

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13:25
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Conference/Events
Morgan Stanley insurance analysts to hold an analyst/industry conference call »

Analysts host Charles…

13:20
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General news
Treasury's $29 B 7-year sale was a disappointment »

Treasury's $29 B…

CSGP

CoStar Group

$352.11

0.27 (0.08%)

13:18
02/22/18
02/22
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Recommendations
CoStar Group analyst commentary  »

Stephens would be buyers…

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$NSD

NASDAQ Market Internals

13:17
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Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

13:16
02/22/18
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Technical Analysis
NYSE market internals summary »

Volume is average for…

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13:15
02/22/18
02/22
13:15
02/22/18
13:15
General news
Treasury Action: yields kicked up from lows »

Treasury Action: yields…

ALKS

Alkermes

$63.19

-1.56 (-2.41%)

, NKTR

Nektar

$86.45

3 (3.60%)

13:11
02/22/18
02/22
13:11
02/22/18
13:11
Hot Stocks
Analyst cuts Alkermes rating as cancer drug seems less effective than competitor »

Shares of Alkermes (ALKS)…

ALKS

Alkermes

$63.19

-1.56 (-2.41%)

NKTR

Nektar

$86.45

3 (3.60%)

BMY

Bristol-Myers

03/08/13
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  • 22

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  • 05

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CIDM

Cinedigm

$1.25

0.0201 (1.63%)

13:10
02/22/18
02/22
13:10
02/22/18
13:10
Hot Stocks
Cinedigm acquires North American rights to 'Class Rank' »

Cinedigm Corp has…

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  • 29

    Mar

FB

Facebook

$177.91

1.9 (1.08%)

13:09
02/22/18
02/22
13:09
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13:09
Technical Analysis
Technical Take: Facebook trades near session lows »

The stock was last at…

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  • 23

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  • 28

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  • 07

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    Mar

HPQ

HP Inc.

$21.52

0.345 (1.63%)

, LNVGY

Lenovo

$10.15

-0.01 (-0.10%)

13:09
02/22/18
02/22
13:09
02/22/18
13:09
Earnings
On The Fly: What to watch for in HP Inc.'s earnings report »

HP Inc. (HPQ) is…

HPQ

HP Inc.

$21.52

0.345 (1.63%)

LNVGY

Lenovo

$10.15

-0.01 (-0.10%)

AAPL

Apple

$171.07

-0.78 (-0.45%)

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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  • 22

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  • 24

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    May

MIC

Macquarie Infrastructure

$39.09

-24.53 (-38.56%)

13:09
02/22/18
02/22
13:09
02/22/18
13:09
Recommendations
Macquarie Infrastructure analyst commentary  »

Macquarie Infrastructure…

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  • 22

    Feb

BAMXY

BMW Group

13:05
02/22/18
02/22
13:05
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13:05
Hot Stocks
BMW to pay $2.2M to settle DOJ claims of SCRA violations »

The Justice Department…

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13:05
02/22/18
02/22
13:05
02/22/18
13:05
General news
7-Yr Note Auction Coupon Rate data reported »

7-Yr Note Auction Coupon…

13:05
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13:05
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13:05
General news
7-Yr Note Auction Total Amount data reported »

7-Yr Note Auction Total…

W

Wayfair

$74.55

-21.14 (-22.09%)

13:05
02/22/18
02/22
13:05
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13:05
Recommendations
Wayfair analyst commentary  »

Citi trims Wayfair target…

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  • 22

    Feb

EAT

Brinker

13:05
02/22/18
02/22
13:05
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13:05
Options
Brinker call volume above normal and directionally bullish »

Bullish option flow…

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VIAB

Viacom

$33.03

-0.95 (-2.80%)

, VIA

Viacom

$38.35

-1.15 (-2.91%)

13:04
02/22/18
02/22
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13:04
Hot Stocks
SEGA, Paramount announce agreement to co-produce Sonic the Hedgehog feature film »

SEGA Holdings announced…

VIAB

Viacom

$33.03

-0.95 (-2.80%)

VIA

Viacom

$38.35

-1.15 (-2.91%)

03/08/13
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  • 23

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GOOGL

Alphabet Class A

$1,113.75

10.16 (0.92%)

12:55
02/22/18
02/22
12:55
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12:55
Technical Analysis
Technical Take: Alphabet Class A moves lower in intraday rounding pattern »

The shares have dropped…

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  • 28

    Feb

DPS

Dr Pepper Snapple

$115.28

-0.1 (-0.09%)

12:55
02/22/18
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12:55
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12:55
Options
Dr Pepper Snapple put volume heavy and directionally bearish »

Bearish flow noted in Dr…

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12:55
02/22/18
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12:55
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12:55
General news
Treasury Option Action: a rash of put buying »

Treasury Option Action: a…

12:55
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Conference/Events
CFA Society of Milwaukee to hold a luncheon discussion »

Bill Stone, CMT of PNC…

12:55
02/22/18
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Conference/Events
STAT Plus to hold webinar »

STAT Senior Science…

GM

General Motors

$41.04

0.4833 (1.19%)

, TM

Toyota

$135.93

1.13 (0.84%)

12:50
02/22/18
02/22
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12:50
Periodicals
GM's Chevy Bolt named in top vehicles list by Consumer Reports, CBS says »

GM's (GM)…

GM

General Motors

$41.04

0.4833 (1.19%)

TM

Toyota

$135.93

1.13 (0.84%)

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12:50
02/22/18
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General news
Treasury 7-year auction preview: the sale should see about average results »

Treasury 7-year auction…

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