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FCAU

Fiat Chrysler

$10.47

-0.12 (-1.13%)

06:20
05/19/17
05/19
06:20
05/19/17
06:20

Study finds defeat device in Fiat 500X, NY Times reports

A new academic study from the University of the Ruhr in Bochum, Germany and the University of California, San Diego found evidence of a defeat device that reduced pollution controls in Fiat Chrysler's diesel Fiat 500X, a compact SUV sold in Europe, the New York Times reports, citing an advanced copy of the study. The findings come as the automaker is in talks with the Department of Justice seeking to settle an investigation into the use of illegal devices to evade emissions tests. Reference Link

FCAU Fiat Chrysler
$10.47

-0.12 (-1.13%)

02/03/17
LEHM
02/03/17
UPGRADE
LEHM
Equal Weight
Fiat Chrysler upgraded to Equal Weight from Underweight at Barclays
Barclays analyst Brian Johnson upgraded Fiat Chrysler to Equal Weight saying an extended U.S. automotive cycle reduces the risk of any border adjustment scenario. The analyst raised his price target for the shares to EUR 10 from EUR 5.60.
02/03/17
LEHM
02/03/17
UPGRADE
Target $15
LEHM
Overweight
Ford upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Brian Johnson upgraded Ford Motor (F) to Overweight from Equal Weight and raised his price target for the shares to $15 from $13. The automaker closed yesterday down 3c to $12.28. Johnson this morning also upgraded Fiat Chrysler (FCAU) to Equal Weight and kept an Equal Weight rating on General Motors (GM). Any way you look at it, Ford looks better positioned than both GM and Fiat in a border adjustment scenario, Johnson tells investors in a research note. The analyst points out that Ford has a higher mix of its North American unit production in the U.S. relative to the other two carmakers. Should a boarder adjustment tax be levied by President Trump, the analyst estimates only $3.6B for Ford versus $10.4B for GM and $18B for Fiat. Even in a "chicken tax" scenario, or a 25% duty on cargo-carrying light trucks, Ford would be better positioned, Johnson contends.
02/03/17
02/03/17
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. Ford (F) was upgraded to Overweight from Equal Weight at Barclays, while Fiat Chrysler (FCAU) was upgraded to Equal Weight from Underweight. 2. Alcoa (AA) upgraded to Buy from Underperform at BofA/Merrill with analyst Timna Tanners upgrading Alcoa two notches to Buy from Underperform and saying she is more positive on structural demand for the global aluminum market as China seems more inclined to contain capacity and the WTO complaint filed by the US has helped send the Midwest premium up in recent weeks. The analyst raised its price target to $45 from $35. 3. Chipotle (CMG) upgraded to Hold from Sell at Maxim with analyst Stephen Anderson saying that even though its fourth quarter results were only in-line with downward revised expectations its two-year comps "improved considerably" in January, leading him to believe that the "worst may be over" for the troubled restaurant operator. The analyst, who believes "Chipotle 2.0" represents an opportunity for sales upside, raised his price target on the stock to $390 from $280. 4. Ball Corp (BLL) upgraded to Buy from Hold at Vertical Research with analyst Chip Dillon citing valuation. 5. Deckers Brands (DECK) upgraded to Neutral from Negative at Susquehanna with analyst Sam Poser saying the negative thesis is "played out" following last night's big miss. Poser is encouraged by Deckers' cost savings initiatives but said the real question is whether the company will take control of UGG distribution, inventory levels, and overall UGG brand. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/06/17
NTXS
02/06/17
UPGRADE
NTXS
Neutral
Fiat Chrysler upgraded to Neutral from Reduce at Natixis

TODAY'S FREE FLY STORIES

HAS

Hasbro

$115.95

1.05 (0.91%)

06:31
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Hasbro CFO says seeing 'some softness' in Brazil, U.K. »

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ALRN

Aileron Therapeutics

$12.78

-0.14 (-1.08%)

06:31
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Aileron Therapeutics initiated  »

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CPRX

Catalyst Pharmaceuticals

$2.95

-0.1 (-3.28%)

06:30
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06:30
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Catalyst Pharmaceuticals management to meet with Piper Jaffray »

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HAS

Hasbro

$115.95

1.05 (0.91%)

06:30
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Earnings
Hasbro reports Q2 EPS 53c, consensus 46c »

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VLO

Valero

$67.78

0.26 (0.39%)

, PSX

Phillips 66

$82.85

0.49 (0.59%)

06:28
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Periodicals
U.S. mulls financial sanctions on Venezuela's PDVSA, Reuters reports »

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VLO

Valero

$67.78

0.26 (0.39%)

PSX

Phillips 66

$82.85

0.49 (0.59%)

CVX

Chevron

$103.25

-1.38 (-1.32%)

PBF

PBF Energy

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KCDMY

Kimberly-Clark de Mexico

$10.34

-0.3 (-2.82%)

06:28
07/24/17
07/24
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06:28
Upgrade
Kimberly-Clark de Mexico rating change  »

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PPG

PPG

$106.37

-0.35 (-0.33%)

06:28
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06:28
Downgrade
PPG rating change  »

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FND

Floor & Decor

$37.40

-1.1 (-2.86%)

06:28
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Upgrade
Floor & Decor rating change  »

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BABA

Alibaba

$151.89

-0.22 (-0.14%)

, MGI

MoneyGram

$16.56

-0.28 (-1.66%)

06:26
07/24/17
07/24
06:26
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06:26
Periodicals
Smith says U.S. should block Ant, MoneyGram deal, NY Post reports »

Rep. Chris Smith, the…

BABA

Alibaba

$151.89

-0.22 (-0.14%)

MGI

MoneyGram

$16.56

-0.28 (-1.66%)

03/08/13
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MRSN

Mersana Therapeutics

$14.05

-0.14 (-0.99%)

06:25
07/24/17
07/24
06:25
07/24/17
06:25
Initiation
Mersana Therapeutics initiated  »

Mersana Therapeutics…

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MTZ

MasTec

$45.30

-0.35 (-0.77%)

06:25
07/24/17
07/24
06:25
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06:25
Upgrade
MasTec rating change  »

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  • 04

    Aug

WFC

Wells Fargo

$54.17

-0.71 (-1.29%)

06:23
07/24/17
07/24
06:23
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06:23
Hot Stocks
Wells Fargo ordered to reinstate whistleblower, pay $577K in back wages, damages »

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  • 12

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MIK

Michaels

$19.02

0.22 (1.17%)

06:23
07/24/17
07/24
06:23
07/24/17
06:23
Upgrade
Michaels rating change  »

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MRSN

Mersana Therapeutics

$14.05

-0.14 (-0.99%)

06:21
07/24/17
07/24
06:21
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06:21
Initiation
Mersana Therapeutics initiated  »

Mersana Therapeutics…

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C

Citi

$66.00

-0.36 (-0.54%)

06:21
07/24/17
07/24
06:21
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06:21
Conference/Events
Citi to host investor day »

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  • 25

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SFTBF

SoftBank

$82.90

-0.25 (-0.30%)

06:20
07/24/17
07/24
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06:20
Periodicals
Didi Chuxing, SoftBank to invest $2B in ride-hail startup Grab, Recode says »

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BHF

Brighthouse Financial

, MET

MetLife

$54.65

0.07 (0.13%)

06:20
07/24/17
07/24
06:20
07/24/17
06:20
Initiation
Brighthouse Financial, MetLife initiated  »

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BHF

Brighthouse Financial

MET

MetLife

$54.65

0.07 (0.13%)

03/08/13
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  • 03

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ACM

Aecom

$32.02

-0.25 (-0.77%)

06:19
07/24/17
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06:19
Downgrade
Aecom rating change  »

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  • 08

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TEVA

Teva

$32.64

0.21 (0.65%)

06:18
07/24/17
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06:18
Periodicals
Teva to cut Israeli workforce, mainly in production, Reuters reports »

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  • 03

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INTU

Intuit

$134.84

-0.51 (-0.38%)

06:17
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06:17
Conference/Events
Intuit management to meet with Northcoast »

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  • 24

    Jul

CBI

CB&I

$17.79

-0.34 (-1.88%)

06:15
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06:15
Downgrade
CB&I rating change  »

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  • 07

    Aug

ZEN

Zendesk

$29.16

-0.04 (-0.14%)

06:15
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07/24
06:15
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06:15
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Zendesk analyst commentary  »

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  • 03

    Aug

  • 05

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PM

Philip Morris

$119.58

-0.28 (-0.23%)

06:13
07/24/17
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06:13
Periodicals
India to seek explanation from Philip Morris on Marlboro marketing, Reuters says »

India is planning to quiz…

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GOOG

Alphabet

$972.92

4.77 (0.49%)

, GOOGL

Alphabet Class A

$993.84

1.65 (0.17%)

06:13
07/24/17
07/24
06:13
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06:13
Periodicals
Google, meida companies running tests to detect spoofing, BI reports »

Google (GOOG, GOOGL) and…

GOOG

Alphabet

$972.92

4.77 (0.49%)

GOOGL

Alphabet Class A

$993.84

1.65 (0.17%)

CBS

CBS

$65.83

-0.03 (-0.05%)

CMCSA

Comcast

$39.63

0.14 (0.35%)

CMCSK

Comcast

NYT

New York Times

$18.10

0.05 (0.28%)

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GS

Goldman Sachs

$220.18

-2.12 (-0.95%)

, MS

Morgan Stanley

$46.59

0.08 (0.17%)

06:11
07/24/17
07/24
06:11
07/24/17
06:11
Downgrade
Goldman Sachs, Morgan Stanley rating change  »

Goldman Sachs downgraded…

GS

Goldman Sachs

$220.18

-2.12 (-0.95%)

MS

Morgan Stanley

$46.59

0.08 (0.17%)

03/08/13
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