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FCAU

Fiat Chrysler

$10.61

-0.07 (-0.66%)

06:17
06/19/17
06/19
06:17
06/19/17
06:17

Fiat Chrysler denies report its pulling Chrysler brand from Japan, Reuters says

Fiat Chrysler has denied that it is pulling the Chrysler brand in Japan following local reports the automaker will halt sales as early as next year due to lackluster sales of less than 300 cars in 2016, Reuters reports, citing a company statement. "Although FCA Japan has already announced its intention to concentrate its resources on the Jeep brand ahead, no decisions have been made regarding (the) Chrysler brand," the statement said. Reference Link

FCAU Fiat Chrysler
$10.61

-0.07 (-0.66%)

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
06/08/17
MSCO
06/08/17
NO CHANGE
MSCO
Morgan Stanley makes "big" cuts to US Auto Sales forecasts
Morgan Stanley analyst Adam Jonas made "big" cuts to his US auto industry sales forecast, reducing his 2017 US SAAR forecast to 17.3M units from 18.3M units, 2018 to 16.4M units from 18.9M units, 2019 to 15M units from 19.2M units, and 2020 to 15M units from 18.7M units. Jonas believes the auto cycle may be hitting a point of diminishing returns following 8 years into the biggest cycle on record as used car values erode, pressuring conditions for selling new vehicles, and said new vehicle inventory levels continue to rise. Additionally, the analyst expects electrical margins to face increasing competition from new entrants and higher development costs. As a result, Jonas cut estimates across the board and downgraded Lear (LEA) to Underweight from Equal Weight.

TODAY'S FREE FLY STORIES

RGA

Reinsurance Group

$126.86

-0.36 (-0.28%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
Reinsurance Group management to meet with JPMorgan »

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  • 28

    Jun

  • 29

    Jun

SRCL

Stericycle

$77.24

-1.01 (-1.29%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
Stericycle management to meet with Barrington »

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  • 28

    Jun

  • 29

    Jun

  • 03

    Aug

THO

Thor Industries

$107.33

-1.47 (-1.35%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
Thor Industries management to meet with Cancaccord »

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  • 28

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    Jul

IDCC

InterDigital

$79.80

-0.65 (-0.81%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
InterDigital management to meet with Sidoti »

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03/08/13
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  • 28

    Jun

NP

Neenah Paper

$77.80

-1.6 (-2.02%)

04:55
06/28/17
06/28
04:55
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04:55
Conference/Events
Neenah Paper management to meet with Sidoti »

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  • 28

    Jun

AGCO

AGCO

$66.47

-0.67 (-1.00%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
AGCO management to meet with William Blair »

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  • 28

    Jun

  • 10

    Aug

04:55
06/28/17
06/28
04:55
06/28/17
04:55
General news
Pending Home Sales Index to be reported at 10:00 »

May Pending Home Sales…

PRTS

U.S. Auto Parts

$3.23

-0.02 (-0.62%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
U.S. Auto Parts management to meet with Roth Capital »

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03/08/13
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03/06/13
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  • 28

    Jun

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
JPMorgan life sciences analyst holds an analyst/industry conference call »

Life Science Tools &…

STE

STERIS

$81.47

-1.64 (-1.97%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
STERIS management to meet with Sidoti »

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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

    Jun

VTR

Ventas

$71.17

-0.76 (-1.06%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
Ventas management to meet with Raymond James »

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  • 28

    Jun

  • 29

    Jun

SMTC

Semtech

$34.85

-0.6 (-1.69%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
Semtech management to meet with Oppenheimer »

Meetings to be held in…

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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

    Jun

  • 29

    Jun

IVZ

Invesco

$34.77

-0.24 (-0.69%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
Invesco management to meet with Jefferies »

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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

    Jun

  • 29

    Jun

DHXM

DHX Media

$4.30

0.15 (3.61%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
DHX Media management to meet with Jefferies »

Meeting to be held in…

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

    Jun

04:55
06/28/17
06/28
04:55
06/28/17
04:55
General news
International Trade in Goods Balance to be reported at 08:30 »

May International Trade…

PODD

Insulet

$49.00

-1.22 (-2.43%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
Insulet participates in a conference call with Leerink »

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  • 28

    Jun

NFG

National Fuel

$55.85

-0.45 (-0.80%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
National Fuel management to meet with Jefferies »

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  • 28

    Jun

OXY

Occidental Petroleum

$59.63

-0.38 (-0.63%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
Occidental Petroleum management to meet with Evercore ISI »

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  • 28

    Jun

04:55
06/28/17
06/28
04:55
06/28/17
04:55
General news
Breaking General news story  »

Week of 6/23 EIA…

NBIX

Neurocrine

$45.56

-1.75 (-3.70%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
Neurocrine management to meet with Oppenheimer »

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03/06/13
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  • 28

    Jun

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  • 29

    Jun

LPI

Laredo Petroleum

$10.03

0.24 (2.45%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
Laredo Petroleum management to meet with Piper Jaffray »

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  • 28

    Jun

MPWR

Monolithic Power

$96.84

-2.67 (-2.68%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
Monolithic Power management to meet with Oppeneimer »

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03/06/13
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  • 28

    Jun

TRS

TriMas

$20.60

-0.1 (-0.48%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
TriMas management to meet with Barrington »

Meeting to be held in…

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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

    Jun

ORCL

Oracle

$50.75

-0.11 (-0.22%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
Oracle management to meet with Evercore ISI »

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03/08/13
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03/06/13
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  • 28

    Jun

UNFI

United Natural Foods

$34.95

-0.08 (-0.23%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
United Natural Foods management to meet with Oppenheimer »

Meeting to be held in…

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

    Jun

  • 13

    Jul

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