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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

WMT

Walmart

$97.89

-0.74 (-0.75%)

13:37
08/18/18
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13:37
08/18/18
13:37
Periodicals
Walmart asks beauty suppliers to consider sourcing outside of China, Reuters say »

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TCEHY

Tencent

$0.00

(0.00%)

13:26
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13:26
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Tencent-backed Qutoutiao files for U.S. IPO, Reuters reports »

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FB

Facebook

$173.78

-0.98 (-0.56%)

, AMZN

Amazon.com

$1,881.94

-5.56 (-0.29%)

13:10
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08/18
13:10
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13:10
Periodicals
Selloff in Chinese internet stocks may shake faith in FANG, Reuters says »

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FB

Facebook

$173.78

-0.98 (-0.56%)

AMZN

Amazon.com

$1,881.94

-5.56 (-0.29%)

NFLX

Netflix

$316.78

-5.51 (-1.71%)

GOOG

Alphabet

$1,199.79

-6.21 (-0.51%)

GOOGL

Alphabet Class A

$1,215.50

-8.05 (-0.66%)

TCEHY

Tencent

$0.00

(0.00%)

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VLKAY

Volkswagen

$0.00

(0.00%)

13:05
08/18/18
08/18
13:05
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13:05
Periodicals
Volkswagen CEO was told about emissions software months before, Reuters reports »

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WMT

Walmart

$97.89

-0.74 (-0.75%)

, TCEHY

Tencent

$0.00

(0.00%)

13:01
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08/18
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13:01
Hot Stocks
Walmart, Flipkart announce completion of investment »

Walmart (WMT) and…

WMT

Walmart

$97.89

-0.74 (-0.75%)

TCEHY

Tencent

$0.00

(0.00%)

MSFT

Microsoft

$107.58

-0.07 (-0.07%)

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  • 04

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BBOX

Black Box

$1.64

0.09 (5.81%)

12:57
08/18/18
08/18
12:57
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12:57
Hot Stocks
Black Box announces sale agreement of Federal Government IT Services Business »

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KSS

Kohl's

$76.43

1.68 (2.25%)

12:52
08/18/18
08/18
12:52
08/18/18
12:52
Periodicals
Kohl's looking to break cycle, Barron's says »

Kohl's is set to…

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  • 21

    Aug

STT

State Street

$84.95

0.73 (0.87%)

12:47
08/18/18
08/18
12:47
08/18/18
12:47
Periodicals
State Street selloff looks overdone, Barron's says »

At the moment, State…

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WMT

Walmart

$97.89

-0.74 (-0.75%)

, AMZN

Amazon.com

$1,881.94

-5.56 (-0.29%)

12:42
08/18/18
08/18
12:42
08/18/18
12:42
Periodicals
May be time to sell Walmart, Barron's says »

In a follow-up story,…

WMT

Walmart

$97.89

-0.74 (-0.75%)

AMZN

Amazon.com

$1,881.94

-5.56 (-0.29%)

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  • 13

    Sep

VZ

Verizon

$54.79

0.51 (0.94%)

12:39
08/18/18
08/18
12:39
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12:39
Periodicals
Verizon remains 'reasonably' priced, Barron's says »

In a follow-up story,…

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CF

CF Industries

$47.52

0.25 (0.53%)

, MOS

Mosaic

$29.64

(0.00%)

12:36
08/18/18
08/18
12:36
08/18/18
12:36
Periodicals
CF, Mosaic gains have just begun, Barron's says »

CF Industries (CF),…

CF

CF Industries

$47.52

0.25 (0.53%)

MOS

Mosaic

$29.64

(0.00%)

NTR

Nutrien

$55.95

0.94 (1.71%)

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  • 11

    Sep

  • 06

    Nov

ABBV

AbbVie

$98.79

0.6 (0.61%)

, LYB

LyondellBasell

$113.07

1.155 (1.03%)

12:25
08/18/18
08/18
12:25
08/18/18
12:25
Periodicals
StAbbVie, Starbucks among dividend standouts, Barron's says »

AbbVie (ABBV),…

ABBV

AbbVie

$98.79

0.6 (0.61%)

LYB

LyondellBasell

$113.07

1.155 (1.03%)

AVGO

Broadcom

$209.27

0.6 (0.29%)

RF

Regions Financial

$19.48

0.09 (0.46%)

SBUX

Starbucks

$53.58

0.53 (1.00%)

03/08/13
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  • 05

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BV

BrightView

$17.49

-0.06 (-0.34%)

12:21
08/18/18
08/18
12:21
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12:21
Periodicals
Sunny outlook for BrightView, Barron's says »

BrightView's stock…

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HOG

Harley-Davidson

$42.26

1.15 (2.80%)

, CSIQ

Canadian Solar

$13.12

0.02 (0.15%)

11:18
08/18/18
08/18
11:18
08/18/18
11:18
Hot Stocks
Week in review: How Trump's policies moved stocks »

Catch up on the top…

HOG

Harley-Davidson

$42.26

1.15 (2.80%)

CSIQ

Canadian Solar

$13.12

0.02 (0.15%)

FSLR

First Solar

$50.98

0.18 (0.35%)

JASO

JA Solar

$0.00

(0.00%)

SUNEQ

SunEdison

$0.00

(0.00%)

SPWR

SunPower

$6.65

0.06 (0.91%)

TSL

Trina Solar

$0.00

(0.00%)

YGE

Yingli Green Energy

$0.00

(0.00%)

PEP

PepsiCo

$114.98

0.7 (0.61%)

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  • 02

    Oct

LYV

Live Nation

$48.15

-0.53 (-1.09%)

17:46
08/17/18
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17:46
Hot Stocks
Live Nation CFO discloses sale of 40K shares of common stock »

Live Nation CFO Elizabeth…

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XLE

Energy Select Sector SPDR

$72.63

0.21 (0.29%)

, XLU

Utilities SPDR

$54.50

0.25 (0.46%)

17:40
08/17/18
08/17
17:40
08/17/18
17:40
General news
Week ending ETF Scorecard: Consumer Staples outperforms, Energy skids »

S&P500 SECTORS:…

XLE

Energy Select Sector SPDR

$72.63

0.21 (0.29%)

XLU

Utilities SPDR

$54.50

0.25 (0.46%)

IYR

DJ US Real Estate Index Fund

$83.16

0.765 (0.93%)

XLP

Consumer Staples Sector SPDR

$55.02

0.39 (0.71%)

XLY

Consumer Discretionary Sector SPDR

$112.51

0.11 (0.10%)

XLB

S&P Select Materials SPDR

$58.41

0.41 (0.71%)

XLF

Financial Select Sector

$28.16

0.055 (0.20%)

XLV

Health Care Select Sector SPDR

$91.12

0.33 (0.36%)

XLK

Technology Select Sector SPDR

$73.17

0.14 (0.19%)

XLI

Industrial Select Sector SPDR

$76.26

0.47 (0.62%)

GLD

SPDR Gold Trust

$112.12

1.01 (0.91%)

SLV

iShares Silver Trust

$13.93

0.16 (1.16%)

USO

United States Oil Fund

$13.70

0.065 (0.48%)

UNG

United States Natural Gas Fund

$24.18

0.295 (1.24%)

HYG

iShares iBoxx $ High Yield Corporate Bond

$86.03

0.08 (0.09%)

LQD

iShares iBoxx $ Investment Grade Corporate Bond

$115.97

0.11 (0.09%)

TLT

iShares 20+ Year Treasury Bond Fund

$120.99

0.16 (0.13%)

IEF

iShares 7-10 Year Treasury Bond ETF

$102.49

0.04 (0.04%)

SHY

iShares 1-3 Year Treasury Bond

$83.28

0.03 (0.04%)

IWD

iShares Russell 1000 Value

$126.16

0.6 (0.48%)

IWF

iShares Russell 1000 Growth

$150.80

0.27 (0.18%)

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GLD

SPDR Gold Trust

$112.12

1.01 (0.91%)

17:33
08/17/18
08/17
17:33
08/17/18
17:33
Hot Stocks
SPDR Gold Trust holdings fall to 772.24MT from 773.41MT »

This is the 5th…

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GDOT

Green Dot

$85.04

0.37 (0.44%)

17:30
08/17/18
08/17
17:30
08/17/18
17:30
Hot Stocks
Green Dot exec Dent sells 7,754 common shares »

In a regulatory filing,…

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  • 25

    Sep

SMSI

Smith Micro

$2.49

-0.01 (-0.40%)

17:17
08/17/18
08/17
17:17
08/17/18
17:17
Syndicate
Breaking Syndicate news story on Smith Micro »

Smith Micro files to sell…

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NDRA

ENDRA Life Sciences

$2.70

0.2 (8.00%)

17:14
08/17/18
08/17
17:14
08/17/18
17:14
Syndicate
Breaking Syndicate news story on ENDRA Life Sciences »

ENDRA Life Sciences files…

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BA

Boeing

$346.44

0.55 (0.16%)

17:10
08/17/18
08/17
17:10
08/17/18
17:10
Hot Stocks
Boeing awarded $152.5M U.S. Navy contract »

Boeing is awarded a…

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BA

Boeing

$346.44

0.55 (0.16%)

17:09
08/17/18
08/17
17:09
08/17/18
17:09
Hot Stocks
Boeing awarded $217M Defense Department contract »

The Boeing Co has been…

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LLL

L3 Technologies

$210.37

0.56 (0.27%)

17:08
08/17/18
08/17
17:08
08/17/18
17:08
Hot Stocks
L3 Technologies awarded $240M Defense Department contract »

L-3 Communications was…

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HSGX

Histogenics

$2.65

-0.05 (-1.85%)

17:06
08/17/18
08/17
17:06
08/17/18
17:06
Syndicate
Breaking Syndicate news story on Histogenics »

Histogenics files $75M…

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PLD

Prologis

$67.45

1.79 (2.73%)

, DCT

DCT Industrial

$68.77

1.805 (2.70%)

16:58
08/17/18
08/17
16:58
08/17/18
16:58
Conference/Events
DCT Industrial to host special shareholder meeting »

Special Shareholder…

PLD

Prologis

$67.45

1.79 (2.73%)

DCT

DCT Industrial

$68.77

1.805 (2.70%)

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