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GD

General Dynamics

$201.07

-0.19 (-0.09%)

, LLL

L3 Technologies

$170.04

-1.47 (-0.86%)

08:36
07/11/17
07/11
08:36
07/11/17
08:36

Defense stocks still poised for beat and raise results, says RBC Capital

RBC Capital analyst Matthew McConnell says that defense stocks remain poised for beat and raise results for an extended period, given geopolitical tensions in many parts of the world. He believes that the companies most likely to raise their 2017 in conjunction with their Q2 results are General Dynamics (GD), L3 Technologies (LLL), Raytheon (RTN), and Northrop Grumman (NOC). He recommends Raytheon, General Dynamics, Northrop Grumman, CSRA (CSRA), and KEYW (KEYW).

GD

General Dynamics

$201.07

-0.19 (-0.09%)

LLL

L3 Technologies

$170.04

-1.47 (-0.86%)

CSRA

CSRA

$31.86

-0.1 (-0.31%)

RTN

Raytheon

$166.04

0.17 (0.10%)

KEYW

KEYW

$9.22

0.14 (1.54%)

  • 17

    Jul

  • 09

    Aug

  • 23

    Aug

GD General Dynamics
$201.07

-0.19 (-0.09%)

05/10/17
BERN
05/10/17
DOWNGRADE
BERN
Market Perform
General Dynamics downgraded on valuation at Bernstein
As noted earlier, Bernstein downgraded General Dynamics to Market Perform from Outperform. Analyst Douglas Harned downgraded the stock based on valuation. Target remains $212.
05/09/17
BERN
05/09/17
DOWNGRADE
BERN
Market Perform
General Dynamics downgraded to Market Perform from Outperform at Bernstein
04/18/17
RBCM
04/18/17
NO CHANGE
RBCM
Defense stocks should be bought on any weakness, says RBC Capital
RBC Capital analyst Matthew McConnell,recommends buying defense stocks on any weakness caused by near-term funding uncertainties. The analyst says that the impact of a government shutdown on the sector would be "minor and short-lived," while geopolitical tensions have increased. Publicly traded companies in the space include BAE Systems (BAESY), Boeing (BA), General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), Raytheon (RTN) and United Technologies (UTX).
05/10/17
05/10/17
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. Yelp (YELP) downgraded to Neutral from Buy at MKM Partners and to Sector Perform from Outperform at RBC Capital. 2. General Dynamics (GD) downgraded to Market Perform from Outperform at Bernstein with analyst Douglas Harned downgraded the stock based on valuation. 3. Zayo Group (ZAYO) downgraded to Market Perform from Strong Buy at Raymond James and to Neutral from Overweight at JPMorgan. 4. U.S. Steel (X) downgraded to Market Perform from Outperform at Cowen with analyst Novid Rassouli citing lack of earnings visibility. 5. Rocket Fuel (FUEL) downgraded to Neutral from Outperform at Credit Suisse with analyst Stephen Ju citing "sloppy first quarter results." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
LLL L3 Technologies
$170.04

-1.47 (-0.86%)

04/28/17
BARD
04/28/17
NO CHANGE
Target $201
BARD
Outperform
L3 Technologies set up well for short and long-term, says Baird
Baird analyst Peter Arment said he likes both the short and long-term setup for L3 Technologies following its solid Q3 results. The analyst said the top line is continuing to show upside tied to overall budgets and operational tempo, which reflects its attractive positioning tied to readiness spending. Arment reiterated his Outperform rating and $201 price target on L3 Technologies shares.
04/28/17
FBCO
04/28/17
NO CHANGE
Target $193
FBCO
Outperform
L3 Technologies price target raised to $193 from $183 at Credit Suisse
Credit Suisse analyst Robert Spingarn raised his price target for L3 Technologies to $193 from $183 following a Q1 beat. The analyst says the modest, sales-driven boost to 2017 guidance still appears to result in a relatively conservative forecast, pointing out that Q1 margins were relatively in-line with expectations and should improve through the year, with some upside potential, particularly at Sensor Systems. He reiterates an Outperform rating on the shares.
05/01/17
LEHM
05/01/17
DOWNGRADE
Target $175
LEHM
Equal Weight
L3 Technologies downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Carter Copeland downgraded L3 Technologies (LLL) to reflect a more neutral stance of Defense names. The stock is near the analyst's post-election, upwardly revised price target. Copeland believes defense stocks exited Q1 with "little prospect for upside while industrials look to accelerating upside." The analyst keeps a $175 price target for L3 shares. Copeland this morning also downgraded Harris (HRS) and Booz Allen (BAH) to Equal Weight.
05/01/17
05/01/17
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. Booz Allen (BAH), L3 Technologies (LLL), and Harris (HRS) downgraded to Equal Weight from Overweight at Barclays. 2. Synchrony (SYF) downgraded to Neutral from Conviction Buy at Goldman Sachs and to Equal Weight from Overweight at Stephens. 3. Regions Financial (RF) downgraded to Neutral from Outperform at Wedbush with analyst Peter Winter saying a number of the company's businesses are generating lower than expected revenue, while the bank could be hurt by pressure on Treasury yields. 4. Thomson Reuters (TRI) downgraded to Hold from Buy at Canaccord with analyst Aravinda Galappatthige citing valuation and maintained a $47 price target. 5. FirstEnergy (FE) downgraded to In Line from Outperform at Evercore ISI and to Neutral from Overweight at JPMorgan. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
CSRA CSRA
$31.86

-0.1 (-0.31%)

04/05/17
04/05/17
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. Burlington Stores (BURL) initiated with an Outperform at William Blair. 2. Booz Allen (BAH) was initiated with an In Line while CSRA (CSRA) was initiated with an Outperform at Evercore ISI. 3. Guidance Software (GUID) initiated with an Overweight at Piper Jaffray. 4. Acacia Communications (ACIA) initiated with a Neutral at B. Riley. 5. Keysight Technologies (KEYS) initiated 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.
04/04/17
EVER
04/04/17
INITIATION
Target $34
EVER
Outperform
CSRA initiated with an Outperform at Evercore ISI
Evercore ISI analyst Rayna Kumar initiated CSRA with an Overweight and a $34 price target citing industry leading EBITDA margins driven by exposure to high margin, fixed price contracts, a next generation IT focus, and financial discipline.
03/16/17
VERT
03/16/17
INITIATION
VERT
Hold
CSRA initiated with a Hold at Vertical Research
Vertical Research analyst Krishna Sinha started CSRA with a Hold rating.
03/06/17
COWN
03/06/17
DOWNGRADE
COWN
Market Perform
CSRA downgraded to Market Perform from Outperform at Cowen
Cowen analyst Gautam Khanna downgraded CSRA to Market Perform and lowered its price target to $32 from $35 citing lack of near-term catalysts, flattish FY18 adjusted/earnings, and sizable re-competes over the next year that reduce FY19+ visibility.
RTN Raytheon
$166.04

0.17 (0.10%)

02/28/17
EVER
02/28/17
NO CHANGE
EVER
Trump defense budget hike not happening, says Evercore ISI
Evercore said President Trump's budget will not be submitted to Congress for a couple of weeks and investors should understand that any president's budget submission is inherently a political document and Congress is not bound to follow it; and that this Congress will not follow it. The firm's analyst expects a continuation of modest increases in both defense and nondefense discretionary spending agreed to on a bipartisan basis over the past four years, with any increase in defense spending likely to be small and matched by similar small increases in nondefense spending.
03/01/17
SBSH
03/01/17
DOWNGRADE
SBSH
Neutral
Northrop Grumman downgraded to Neutral from Buy at Citi
Citi analyst Jason Gursky downgraded Northrop Grumman (NOC) to Neutral saying Defense stocks are now reaching fair value. The analyst this morning also downgraded to Neutral shares of Huntington Ingalls (HII) and General Dynamics (GD). Gursky keeps Buy ratings on Harris (HRS), L3 Technologies (LLL), Lockheed Martin (LMT) and Raytheon (RTN).
04/28/17
FBCO
04/28/17
NO CHANGE
Target $175
FBCO
Outperform
Raytheon price target raised to $175 from $170 at Credit Suisse
Credit Suisse analyst Robert Spingarn raised his price target for Raytheon to $175 from $170 following "strong Q1 sales" to start the year. The analyst believes Raytheon is one of his better positioned contractors to benefit from higher defense spending, as an uptick in readiness spending could provide incremental top line growth through its exposure to missiles and munitions. The analyst reiterates an Outperform rating on the shares.
KEYW KEYW
$9.22

0.14 (1.54%)

05/04/17
MAXM
05/04/17
UPGRADE
Target $13
MAXM
Buy
KEYW upgraded to Buy from Hold at Maxim
Maxim analyst Brian Kinstlinger upgraded KEYW to Buy from Hold, as he thinks the company's guidance for at least $500M in new business awards during the rest of 2017 suggests business development is strengthening. Even if the timing of awards take longer than expected, Kinstlinger said he believes KEYW's business development is "back on the right track" and he set a $13 price target on the shares.
12/21/16
GHSC
12/21/16
INITIATION
GHSC
Neutral
KEYW initiated with a Neutral at Seaport Global
Seaport Global analyst Josh Sullivan initiated KEYW Holding with a Neutral citing valuation and budget headwinds.
03/09/17
MAXM
03/09/17
NO CHANGE
MAXM
Hold
KEYW acquisition of Sotera the 'right fit,' says Maxim
Maxim analyst Brian Kinstlinger believes KEYW's acquisition of Sotera is the next step in the company's transformation into a prime contractor and views the deal as "the right fit." While he expects KEYW will emerge as "much stronger" in 2H17, he cautions that the first few quarters of any substantial acquisition can be messy and KEYW shares still trade at a premium to the company's peer group. Kinstlinger raised his estimates to reflect the acquisition and expected synergies, but maintains a Hold rating on KEYW shares.
02/15/17
RBCM
02/15/17
INITIATION
RBCM
Outperform
KEYW initiated with an Outperform at RBC Capital
RBC Capital analyst Matthew McConnell started coverage of KEYW with a $12 price target and an Outperform rating.

TODAY'S FREE FLY STORIES

VIAB

Viacom

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Charter

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BioMarin

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BMRN

BioMarin

$93.54

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IBM

IBM

$160.45

13.905 (9.49%)

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13.905 (9.49%)

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$193.45

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BMRN

BioMarin

$93.54

-1.12 (-1.18%)

12:29
10/18/17
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Earnings
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EQT

EQT Corporation

$62.94

-0.3799 (-0.60%)

12:25
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Options
EQT Corporation call volume above normal and directionally bullish »

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NLSN

Nielsen

$41.06

1.06 (2.65%)

, LGF

Use LGF.A, LGF.B

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NLSN

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$41.06

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LGF

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DIS

Disney

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TWX

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$101.12

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NFLX

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$199.48

-3.2 (-1.58%)

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$NSD

NASDAQ Market Internals

12:17
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$NYE

NYSE Market Internals

12:16
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NYSE market internals summary »

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MOBL

MobileIron

$3.80

-0.1 (-2.56%)

12:10
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Downgrade
MobileIron rating change  »

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MBI

MBIA

$7.08

0.07 (1.00%)

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MOBL

MobileIron

$3.80

-0.1 (-2.56%)

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Downgrade
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STLD

Steel Dynamics

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DANOY

Danone

$16.67

0.3 (1.83%)

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NFLX

Netflix

$199.48

-3.2 (-1.58%)

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  • 22

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General news
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ADBE

Adobe

$150.38

-0.08 (-0.05%)

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GMLP

Golar LNG Partners

$22.98

-0.08 (-0.35%)

11:50
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Options
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IPXL

Impax

$19.30

-0.65 (-3.26%)

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Conference/Events
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BITCOIN

Bitcoin

11:44
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Hot Stocks
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EBAY

eBay

$37.49

-0.28 (-0.74%)

, SHOP

Shopify

$98.14

1.93 (2.01%)

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EBAY

eBay

$37.49

-0.28 (-0.74%)

SHOP

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$98.14

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AMZN

Amazon.com

$1,009.13

2.79 (0.28%)

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    Mar

XOP

SPDR Oil Exploration and Production Fund

$33.41

-0.26 (-0.77%)

11:40
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Options
Hefty put spread in SPDR Oil Exploration and Production ETF »

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