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UTX

United Technologies

$121.85

1.42 (1.18%)

, BA

Boeing

$199.08

2.64 (1.34%)

07:03
06/20/17
06/20
07:03
06/20/17
07:03

UTC Aerospace Systems to complete delivery to USAF in September

UTC Aerospace Systems, a unit of United Technologies (UTX), announced that it is scheduled to complete delivery of new boltless wheels and carbon brakes in September to the U.S. Air Force, or USAF, as part of a fleet retrofit of its 475 F-15 Eagle aircraft. The delivery will be in support of a $22M USAF contract awarded to UTC Aerospace Systems in November 2014, and a $30M follow-on option awarded in August 2016. After successful completion of expanded test points, UTC Aerospace Systems received a letter of installation approval in February from the aircraft manufacturer, Boeing (BA) Defense, Space & Security, granting factory approval for the new wheels and brakes to be installed on all current models of the F-15 aircraft.

UTX

United Technologies

$121.85

1.42 (1.18%)

BA

Boeing

$199.08

2.64 (1.34%)

UTX United Technologies
$121.85

1.42 (1.18%)

05/03/17
FBCO
05/03/17
NO CHANGE
Target $136
FBCO
Outperform
United Technologies price target raised to $136 from $127 at Credit Suisse
Credit Suisse analyst Julian Mitchell raised his price target for United Technologies to $136 from $127 following an investor meeting with CEO Greg Hayes and Q1 earnings, and given his greater confidence in the near and medium-term earnings and cash flow outlook. The analyst reiterates an Outperform rating on the shares.
06/12/17
HSBC
06/12/17
INITIATION
Target $125
HSBC
Hold
United Technologies initiated with a Hold at HSBC
HSBC analyst Debashis Chand initiated United Technologies with a Hold and a $125 price target citing balanced risk/reward.
06/12/17
06/12/17
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. United Technologies (UTX) initiated with a Hold at HSBC. 2. Catalyst Biosciences (CBIO) initiated with a Buy at Chardan. 3. Xoma (XOMA) initiated with a Buy at H.C. Wainwright. 4. Solaris Oilfield (SOI) initiated with a Buy at Seaport Global. 5. Camping World (CWH) coverage resumed with a Buy at BofA/Merrill. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/19/17
FBCO
06/19/17
NO CHANGE
Target $136
FBCO
Outperform
United Technologies guidance likely to be raised, says Credit Suisse
After attending United Technologies' investor meeting at the Paris Air Show, Credit Suisse analyst Julian Mitchell noted that the company reiterated its 2017 overall and segment guidance, but added that CEO Greg Hayes indicated that EPS guidance, and possibly sales, would likely be raised when the company reports Q2 earnings. Overall, the event was "a very welcome contrast" to the comparable one the company held two years ago at the show, said Mitchell, who keeps an Outperform rating on United Technologies shares.
BA Boeing
$199.08

2.64 (1.34%)

05/09/17
UBSW
05/09/17
UPGRADE
Target $63
UBSW
Buy
Spirit AeroSystems upgraded to Buy from Neutral at UBS
UBS analyst David Strauss upgraded Spirit AeroSystems to Buy citing a favorable risk/reward following the recent pullback in the shares. The selloff reflects concerns around Spirit's pricing negotiations with Boeing (BA), Strauss tells investors in a research note. The analyst believes current share levels reflect a 35% decline in legacy 737/777 cash, which is well below his forecast. He his price target for Spirit AeroSystems remains $63.
05/10/17
COWN
05/10/17
NO CHANGE
COWN
Boeing 737 MAX engine issue likely very short-term and correctable, says Cowen
Cowen said the Boeing 737 MAX engine issue appears to be a very short-term "blip" and correctable. The firm's analyst doesn't think its a serious concern because Boeing still expects to deliver the first 737 MAX this month and the engine "problem" is not a design shortfall but what appears to be an easily fixable sub-tier supplier component problem.
05/22/17
LEHM
05/22/17
NO CHANGE
Target $200
LEHM
Overweight
Boeing price target raised to $200 from $190 at Barclays
Barclays analyst Carter Copeland raised his price target for Boeing to $200 saying the company "possesses significant margin expansion potential" in the coming years. Investors are unwilling to believe in Boeing's margin expansion potential, Copeland tells investors in a research note. He keeps an Overweight rating on the shares.
06/05/17
SBSH
06/05/17
NO CHANGE
Target $70
SBSH
Buy
Citi sees path for Spirit AeroSystems hitting $85/share
Spirit AeroSystems (SPR) is trading near its all-time deepest earnings discount versus Boeing (BA) despite Spirit generating better financial results, Citi analyst Jason Gursky tells investors in a research note. While the protracted Boeing negotiation is an overhang, it is already reflected in the multiple, the analyst argues. He highlights Spirit's improving cash flow, balance sheet flexibility, shareholder-friendly cash deployment and new growth opportunities. He sees a path to $85 per share "over time" and reiterates a Buy rating on the shares with a one-year target of $70.

TODAY'S FREE FLY STORIES

ISBC

Investors Bancorp

$13.41

0.12 (0.90%)

07:49
09/19/17
09/19
07:49
09/19/17
07:49
Conference/Events
Investors Bancorp management to meet with Deutsche Bank »

Meeting to be held in New…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 19

    Sep

TGS

Transportadora de Gas del Sur SA

$17.48

0.07 (0.40%)

07:49
09/19/17
09/19
07:49
09/19/17
07:49
Initiation
Transportadora de Gas del Sur SA initiated  »

Transportadora de Gas del…

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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PAM

Pampa Energia S.A.

$60.93

0.2 (0.33%)

07:48
09/19/17
09/19
07:48
09/19/17
07:48
Initiation
Pampa Energia S.A. initiated  »

Pampa Energia S.A. …

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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PRGS

Progress Software

$37.49

0.18 (0.48%)

07:47
09/19/17
09/19
07:47
09/19/17
07:47
Hot Stocks
Breaking Hot Stocks news story on Progress Software »

Progress:…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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PRGS

Progress Software

$37.49

0.18 (0.48%)

07:47
09/19/17
09/19
07:47
09/19/17
07:47
Hot Stocks
Progress Software 'values' Praesidium's ideas, welcomes input from investors »

In response to a letter…

03/08/13
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03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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JEC

Jacobs Engineering

$56.76

0.81 (1.45%)

, AERI

Aerie Pharmaceuticals

$60.10

1.8 (3.09%)

07:46
09/19/17
09/19
07:46
09/19/17
07:46
Hot Stocks
Jacobs Engineering selected by Aerie Pharmaceuticals as engineering contractor »

Jacobs Engineering Group…

JEC

Jacobs Engineering

$56.76

0.81 (1.45%)

AERI

Aerie Pharmaceuticals

$60.10

1.8 (3.09%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 19

    Sep

  • 25

    Sep

  • 28

    Feb

BNPQY

BNP Paribas

$39.68

0.19 (0.48%)

, AXAHY

AXA

$29.47

0.13 (0.44%)

07:46
09/19/17
09/19
07:46
09/19/17
07:46
Periodicals
BNP weighing tie-up of money-management division with Axa unit, Bloomberg says »

BNP Paribas (BNPQY),…

BNPQY

BNP Paribas

$39.68

0.19 (0.48%)

AXAHY

AXA

$29.47

0.13 (0.44%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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CHFC

Chemical Financial

$49.32

0.71 (1.46%)

07:45
09/19/17
09/19
07:45
09/19/17
07:45
Downgrade
Chemical Financial rating change  »

Chemical Financial…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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QSII

Quality Systems

$15.71

-0.14 (-0.88%)

07:45
09/19/17
09/19
07:45
09/19/17
07:45
Initiation
Quality Systems initiated  »

Quality Systems initiated…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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07:45
09/19/17
09/19
07:45
09/19/17
07:45
General news
N.Y. FX Outlook »

N.Y. FX Outlook: Risk-on…

HOLI

Hollysys

$20.77

0.42 (2.06%)

07:44
09/19/17
09/19
07:44
09/19/17
07:44
Conference/Events
Hollysys management to meet with Deutsche Bank »

Meeting to be held in New…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 19

    Sep

  • 16

    Oct

CYTK

Cytokinetics

$14.25

0.1 (0.71%)

, AMGN

Amgen

$186.47

-1 (-0.53%)

07:44
09/19/17
09/19
07:44
09/19/17
07:44
Hot Stocks
Cytokinetics doses first patient in Japan in GALACTIC-HF Phase 3 trial »

Cytokinetics announced…

CYTK

Cytokinetics

$14.25

0.1 (0.71%)

AMGN

Amgen

$186.47

-1 (-0.53%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 25

    Sep

  • 02

    Dec

  • 03

    Feb

  • 30

    Apr

  • 17

    May

KORS

Michael Kors

$44.65

-0.27 (-0.60%)

07:43
09/19/17
09/19
07:43
09/19/17
07:43
Technical Analysis
Technical View: Michael Kors moves higher, analyst action »

Shares were last up over…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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INTC

Intel

07:43
09/19/17
09/19
07:43
09/19/17
07:43
Periodicals
Intel Capital invested over $1B in AI-focused companies, TechCrunch says »

Intel has invested more…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 23

    Sep

  • 05

    Oct

PDCO

Patterson Companies

$37.94

-0.59 (-1.53%)

07:43
09/19/17
09/19
07:43
09/19/17
07:43
Initiation
Patterson Companies initiated  »

Patterson Companies…

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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BABA

Alibaba

$179.98

3.28 (1.86%)

, BSTI

BEST Inc

07:43
09/19/17
09/19
07:43
09/19/17
07:43
Syndicate
BEST Inc cuts size of proposed IPO following 'tepid' response, Reuters reports »

Best Inc (BSTI), a…

BABA

Alibaba

$179.98

3.28 (1.86%)

BSTI

BEST Inc

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 20

    Sep

FOLD

Amicus

$13.67

-0.21 (-1.51%)

07:42
09/19/17
09/19
07:42
09/19/17
07:42
Hot Stocks
Amicus granted FDA Fast Track Designation for migalastat »

Amicus Therapeutics…

03/08/13
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03/06/13
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RAD

Rite Aid

$2.73

0.1 (3.80%)

07:41
09/19/17
09/19
07:41
09/19/17
07:41
Initiation
Rite Aid initiated  »

Rite Aid initiated with a…

03/08/13
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03/08/13
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03/06/13
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  • 28

    Sep

MDGL

Madrigal Pharmaceuticals

$19.80

0.99 (5.26%)

07:41
09/19/17
09/19
07:41
09/19/17
07:41
Hot Stocks
Madrigal Pharmaceuticals announces positive outcome from pre-planned DSMB review »

Madrigal Pharmaceuticals…

03/08/13
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03/06/13
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03/06/13
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  • 25

    Sep

MDSO

Medidata

$75.85

-0.01 (-0.01%)

07:40
09/19/17
09/19
07:40
09/19/17
07:40
Initiation
Medidata initiated  »

Medidata initiated with a…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 25

    Sep

ABX

Barrick Gold

$16.92

-0.38 (-2.20%)

07:40
09/19/17
09/19
07:40
09/19/17
07:40
Conference/Events
Barrick Gold management to meet with Deutsche Bank »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 19

    Sep

  • 26

    Oct

07:40
09/19/17
09/19
07:40
09/19/17
07:40
General news
Treasury Market Outlook: yields are a little lower »

Treasury Market Outlook:…

SFTBF

SoftBank

$78.30

0.3501 (0.45%)

07:39
09/19/17
09/19
07:39
09/19/17
07:39
Periodicals
SoftBank Ventures Korea looks to invest in promising start-ups, CNBC says »

SoftBank Ventures Korea,…

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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MCK

McKesson

$148.42

-1.46 (-0.97%)

07:38
09/19/17
09/19
07:38
09/19/17
07:38
Initiation
McKesson initiated  »

McKesson initiated with a…

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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  • 21

    Sep

  • 22

    Sep

  • 27

    Sep

SUPN

Supernus

$49.65

0.6 (1.22%)

07:37
09/19/17
09/19
07:37
09/19/17
07:37
Downgrade
Supernus rating change  »

Supernus downgraded to…

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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  • 19

    Sep

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