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FCAU

Fiat Chrysler

$11.92

0.46 (4.01%)

06:09
07/14/17
07/14
06:09
07/14/17
06:09

FCA US recalls 363,480 older-model crossover vehicles in the U.S.

FCA US LLC is voluntarily recalling an estimated 363,480 older-model crossover vehicles in the U.S. to provide additional protection for certain wiring that accommodates air-bag function. An FCA US investigation has discovered the wiring may chafe against pieces of steering-wheel trim, potentially causing a short-circuit. This may lead to a second short-circuit that is potentially capable of generating inadvertent deployment of the driver-side front air bag. Such an event may be preceded by an illuminated air-bag warning light, unintended wiper operation, inoperable switches, or some combination thereof. Customers who observe such indicators should contact their dealers. The company is aware of five minor injuries that are potentially related, but no accidents. Affected are certain 2011-2015 Dodge Journey crossovers. Also included in this campaign are an estimated 120,336 vehicles in Canada, and an estimated 54,072 in Mexico. Certain model-year 2011-2015 Fiat Freemont crossovers, estimated to number 232,965 and sold outside the NAFTA region, also will be subject to the recall.

FCAU Fiat Chrysler
$11.92

0.46 (4.01%)

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

TYPE

Monotype Imaging

$18.45

-0.35 (-1.86%)

07:04
07/28/17
07/28
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07/28/17
07:04
Earnings
Monotype Imaging backs FY adjusted EPS view 54c-62c, consensus 58c »

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HCN

Welltower

$72.79

-0.5 (-0.68%)

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Welltower reports Q2 EPS 51c, consensus 44c »

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WFT

Weatherford

$4.38

0.01 (0.23%)

07:04
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Earnings
Weatherford reports Q2 EPS (28c), consensus (28c) »

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TYPE

Monotype Imaging

$18.45

-0.35 (-1.86%)

07:03
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07/28
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Earnings
Monotype Imaging sees Q3 adjusted EPS 12c-16c, consensus 16c »

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LAD

Lithia Motors

$100.05

-0.08 (-0.08%)

07:02
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07/28
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Earnings
Lithia Motors reports Q2 adjusted EPS $2.28, consensus $2.22 »

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  • 28

    Jul

CMS

CMS Energy

$46.89

0.36 (0.77%)

07:02
07/28/17
07/28
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07:02
Earnings
Breaking Earnings news story on CMS Energy »

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  • 28

    Jul

AAN

Aaron's

$40.62

0.88 (2.21%)

07:02
07/28/17
07/28
07:02
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07:02
Hot Stocks
Aaron's acquires SEI/Aaron's franchisee for $140M »

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  • 28

    Jul

HRC

Hill-Rom

$79.70

-2.88 (-3.49%)

07:02
07/28/17
07/28
07:02
07/28/17
07:02
Earnings
Hill-Rom sees Q4 adj. EPS $1.26-$1.30, consensus $1.33 »

Sees Q4 revenue up 3%-4%…

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TYPE

Monotype Imaging

$18.45

-0.35 (-1.86%)

07:02
07/28/17
07/28
07:02
07/28/17
07:02
Earnings
Monotype Imaging reports Q2 adjusted EPS 8c, consensus 9c »

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  • 28

    Jul

CMS

CMS Energy

$46.89

0.36 (0.77%)

07:01
07/28/17
07/28
07:01
07/28/17
07:01
Earnings
CMS Energy reports Q2 EPS 33c, consensus 39c »

Reports Q2 revenue…

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  • 28

    Jul

HTBK

Heritage Commerce

$13.85

-0.14 (-1.00%)

07:01
07/28/17
07/28
07:01
07/28/17
07:01
Recommendations
Heritage Commerce analyst commentary  »

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  • 01

    Aug

JPM

JPMorgan

$91.55

-0.38 (-0.41%)

07:00
07/28/17
07/28
07:00
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07:00
Hot Stocks
JPMorgan says to be 100% reliant on renewable energy by 2020 »

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  • 12

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    Oct

HRC

Hill-Rom

$79.70

-2.88 (-3.49%)

07:00
07/28/17
07/28
07:00
07/28/17
07:00
Earnings
Hill-Rom reports Q3 adj. EPS 91c, consensus 91c »

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  • 28

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CFX

Colfax

$40.83

-0.12 (-0.29%)

07:00
07/28/17
07/28
07:00
07/28/17
07:00
Earnings
Colfax raises FY17 adjusted EPS view to $1.65-$1.75 from $1.60-$1.75 

Consensus $1.73.

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  • 28

    Jul

CFX

Colfax

$40.83

-0.12 (-0.29%)

07:00
07/28/17
07/28
07:00
07/28/17
07:00
Earnings
Colfax reports Q2 adjusted EPS 43c, consensus 43c »

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  • 28

    Jul

DVAX

Dynavax

$9.25

-1.15 (-11.06%)

07:00
07/28/17
07/28
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Hot Stocks
Breaking Hot Stocks news story on Dynavax »

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  • 28

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EA

Electronic Arts

$117.60

-0.4 (-0.34%)

07:00
07/28/17
07/28
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07:00
Recommendations
Electronic Arts analyst commentary  »

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  • 03

    Aug

UFS

Domtar

$38.49

0.06 (0.16%)

06:59
07/28/17
07/28
06:59
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06:59
Earnings
Domtar reports Q2 EPS 61c, consensus 55c »

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FCAU

Fiat Chrysler

$11.83

-0.07 (-0.59%)

06:59
07/28/17
07/28
06:59
07/28/17
06:59
Periodicals
Fiat Chrysler's Maserati to launch electric model after 2019, WSJ reports »

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03/08/13
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VLP

Valero Energy Partners

$45.16

-0.57 (-1.25%)

06:57
07/28/17
07/28
06:57
07/28/17
06:57
Earnings
Valero Energy Partners reports Q2 EPS 69c, consensus 75c »

Reports Q2 revenue $110M,…

03/08/13
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  • 28

    Jul

ZBH

Zimmer Biomet

$125.44

-3.26 (-2.53%)

06:56
07/28/17
07/28
06:56
07/28/17
06:56
Downgrade
Zimmer Biomet rating change  »

Zimmer Biomet downgraded…

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  • 10

    Aug

JCI

Johnson Controls

$40.14

-3.18 (-7.34%)

06:56
07/28/17
07/28
06:56
07/28/17
06:56
Downgrade
Johnson Controls rating change  »

Johnson Controls…

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  • 06

    Aug

  • 08

    Aug

X

U.S. Steel

$25.00

-1.2 (-4.58%)

06:56
07/28/17
07/28
06:56
07/28/17
06:56
Downgrade
U.S. Steel rating change  »

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MRK

Merck

$63.69

1.89 (3.06%)

06:53
07/28/17
07/28
06:53
07/28/17
06:53
Hot Stocks
Breaking Hot Stocks news story on Merck »

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VC

Visteon

$111.53

1.56 (1.42%)

06:53
07/28/17
07/28
06:53
07/28/17
06:53
Downgrade
Visteon rating change  »

Visteon downgraded to…

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