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FCAU

Fiat Chrysler

$10.47

-0.12 (-1.13%)

08:54
05/19/17
05/19
08:54
05/19/17
08:54

FCA US files for diesel vehicle emissions certification

FCA US announced it has formally filed an application for diesel vehicle emissions certification with the U.S. Environmental Protection Agency and the California Air Resources Board for its 2017 model year Jeep Grand Cherokee and Ram 1500 diesel vehicles. These vehicles feature updated emissions software calibrations. The filing is the result of many months of close collaboration between FCA US and EPA and CARB, including extensive testing of the vehicles, to clarify issues related to the Company's emissions control technology. With the permission of EPA and CARB, FCA US intends to install the same modified emissions software in 2014-2016 MY Jeep Grand Cherokee and Ram 1500 diesel vehicles. FCA US believes this will address the agencies' concerns regarding the emissions software calibrations in those vehicles. FCA US also believes that these actions should help facilitate a prompt resolution to ongoing discussions with the Environment and Natural Resources Division of the U.S. Department of Justice and other governmental agencies. FCA US expects that following EPA and CARB approval, owners of the 2014-2016 MY vehicles will be able to receive the software updates at their dealerships. FCA expects that the installation of these updated software calibrations will improve the 2014-2016 MY vehicles' emissions performance and does not anticipate any impact on performance or fuel efficiency.

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

CNNX

CONE Midstream

$19.90

-0.1 (-0.50%)

06:35
07/24/17
07/24
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06:35
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CONE Midstream increases dividend 3.6% to 29.22c »

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  • 07

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AMID

American Midstream Partners

$13.50

0.2 (1.50%)

06:35
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American Midstream Partners to sell Propane business to SHV Energy for $170M »

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  • 08

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SHLM

A. Schulman

$26.63

0.725 (2.80%)

06:35
07/24/17
07/24
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06:35
Conference/Events
A. Schulman management to meet with Seaport Global »

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AMZN

Amazon.com

$1,025.67

-3.03 (-0.29%)

, WFM

Whole Foods

$41.71

-0.05 (-0.12%)

06:35
07/24/17
07/24
06:35
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06:35
Periodicals
Democrats in Congress urge review of Amazon's Whole Foods deal, Reuters says »

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AMZN

Amazon.com

$1,025.67

-3.03 (-0.29%)

WFM

Whole Foods

$41.71

-0.05 (-0.12%)

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  • 27

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PPG

PPG

$106.37

-0.35 (-0.33%)

06:33
07/24/17
07/24
06:33
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06:33
Downgrade
PPG rating change  »

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AXAS

Abraxas Petroleum

$1.61

-0.04 (-2.42%)

06:33
07/24/17
07/24
06:33
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06:33
Initiation
Abraxas Petroleum initiated  »

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  • 09

    Aug

CALM

Cal-Maine Foods

$37.10

1 (2.77%)

06:33
07/24/17
07/24
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06:33
Earnings
Cal-Maine Foods reports Q4 EPS (51c) with items, consensus (25c) »

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  • 28

    Jul

SGMS

Scientific Games

06:33
07/24/17
07/24
06:33
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06:33
Earnings
Scientific Games reports Q2 EPS (44c), consensus (52c) »

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  • 24

    Jul

HAS

Hasbro

$115.95

1.05 (0.91%)

06:33
07/24/17
07/24
06:33
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06:33
Hot Stocks
Hasbro CEO says entered 2H with 'strong consumer momentum' »

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  • 24

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HAS

Hasbro

$115.95

1.05 (0.91%)

06:31
07/24/17
07/24
06:31
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06:31
Hot Stocks
Hasbro CFO says seeing 'some softness' in Brazil, U.K. »

"Our balance sheet…

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  • 24

    Jul

  • 03

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ALRN

Aileron Therapeutics

$12.78

-0.14 (-1.08%)

06:31
07/24/17
07/24
06:31
07/24/17
06:31
Initiation
Aileron Therapeutics initiated  »

Aileron Therapeutics…

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CPRX

Catalyst Pharmaceuticals

$2.95

-0.1 (-3.28%)

06:30
07/24/17
07/24
06:30
07/24/17
06:30
Conference/Events
Catalyst Pharmaceuticals management to meet with Piper Jaffray »

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  • 25

    Jul

HAS

Hasbro

$115.95

1.05 (0.91%)

06:30
07/24/17
07/24
06:30
07/24/17
06:30
Earnings
Hasbro reports Q2 EPS 53c, consensus 46c »

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  • 24

    Jul

  • 03

    Aug

VLO

Valero

$67.78

0.26 (0.39%)

, PSX

Phillips 66

$82.85

0.49 (0.59%)

06:28
07/24/17
07/24
06:28
07/24/17
06:28
Periodicals
U.S. mulls financial sanctions on Venezuela's PDVSA, Reuters reports »

The Trump administration…

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

03/08/13
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  • 27

    Jul

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  • 01

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KCDMY

Kimberly-Clark de Mexico

$10.34

-0.3 (-2.82%)

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

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PPG

PPG

$106.37

-0.35 (-0.33%)

06:28
07/24/17
07/24
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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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06:28
Upgrade
Floor & Decor rating change  »

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  • 27

    Jul

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

The U.S. Department of…

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  • 12

    Oct

  • 15

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MIK

Michaels

$19.02

0.22 (1.17%)

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

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MRSN

Mersana Therapeutics

$14.05

-0.14 (-0.99%)

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

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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 »

Investor Day to be held…

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  • 25

    Jul

SFTBF

SoftBank

$82.90

-0.25 (-0.30%)

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

Chinese ride-hailing…

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