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CMI

Cummins

$165.18

-0.96 (-0.58%)

, ETSY

Etsy

$14.77

-0.29 (-1.93%)

09:55
07/18/17
07/18
09:55
07/18/17
09:55

House Ways & Means Committee to hold a hearing

The Trade Subcommittee holds a hearing entitled, "Modernization of the North American Free Trade Agreement (NAFTA)" with CEO Linebarger of Cummins, CEO Ottensmeyer of Kansas City Southern, EVP Arriola of Sempra Energy and Senior Director Erickson of Etsy will be held on July 18 at 10 am. Webcast Link

CMI

Cummins

$165.18

-0.96 (-0.58%)

ETSY

Etsy

$14.77

-0.29 (-1.93%)

KSU

Kansas City Southern

$103.93

-0.3 (-0.29%)

SRE

Sempra Energy

$112.18

0.145 (0.13%)

  • 18

    Jul

  • 21

    Jul

  • 14

    Sep

CMI Cummins
$165.18

-0.96 (-0.58%)

06/05/17
WELS
06/05/17
NO CHANGE
WELS
May truck orders declined more than expected, says Wells Fargo
Wells Fargo analyst Andrew Casey notes May Class 5-8 truck orders increased 20% year-over-year but declined 11% from April. The month-over-month decline was driven by a 30% Class 8 order decline, partially offset by a 13% Class 5-7 order increase, Casey tells investors in a research note. He notes that May's 16,800 Class 8 order intake was well beneath his channel check-based 21,000-24,000 net order expectation. The analyst views ACT Research's truck data for May as a short-term negative for Cummins (CMI), Eaton (ETN), Paccar (PCAR) and Navistar (NAV).
05/03/17
FBCO
05/03/17
NO CHANGE
Target $196
FBCO
Outperform
Cummins price target raised to $196 from $173 at Credit Suisse
Credit Suisse analyst Jamie Cook raised his price target for Cummins to $196 from $173 after it beat and raised 2017 estimates materially. The analyst reiterates an Outperform rating on the shares.
05/02/17
05/02/17
NO CHANGE
Target $368

Overweight
Piper analysis suggests Tesla can succeed in electric trucks
Piper Jaffray analyst Alexander Potter's analysis suggests Tesla's (TSLA) electric trucks could generate payback times of less than two years, based primarily on fuel and maintenance cost savings relative to diesel trucks. While unanswered questions remain, Tesla is likely to succeed in electric semi trucks given its battery cost advantage, Potter tells investors in a research note. He admits that it's easy to see why many investors met Tesla's truck announcement with skepticism. Relative to consumers, fleets constitute a "less forgiving market segment" given the strict return-on-investment adherence, Potter writes. The analyst has an Overweight rating on Tesla with a $368 price target. He believes that outside of Wabco (WBC), most truck stocks "seem ripe for disruption." The analyst has Underweight ratings on Allison Transmission (ALSN) and Meritor (MTOR) and Neutral ratings on Cummins (CMI), Paccar (PCAR) and Navistar (NAV).
06/22/17
WELS
06/22/17
NO CHANGE
WELS
Earthmoving market trends positive, says Wells Fargo
After speaking with 20 "U.S. earthmoving market participants," including Caterpillar (CAT) and Deere (DE), Wells Fargo says that the market appears to be "tightening." Wells says that activity in "most regions" showed "broad-based improvement" through Q2. Wells adds that manufacturers seem to have trouble keeping up with demand. Wells says its checks bode well for Caterpillar, Deere, Cummins (CMI), Eaton (ETN) and Parker-Hannifin (PH). It keeps Outperform rating on Caterpillar and Cummins.
ETSY Etsy
$14.77

-0.29 (-1.93%)

05/25/17
05/25/17
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. PayPal (PYPL) downgraded to Hold on valuation at Stifel with analyst Scott Devitt saying shares have reached his price target of $51 but said the company remains well positioned for long-term growth. 2. Etsy (ETSY) downgraded to Neutral from Buy at Citi with analyst Mark Kelley saying that while the stock has run on the company's review of alternatives, a takeover is not imminent. The stock could be worth $21-$22 if Etsy is acquired, but $7 if the company remains a stand-alone with little to no improvement in operational performance, Kelley tells investors in a research note. He tells investors to hold the stock if already involved and raised his price target for the shares to $14 from $13. 3. Fang Holdings (SFUN) downgraded to Neutral from Buy at UBS with the firm citing valuation and saying the eCommerce services and primary housing advertising still faces market risks and execution uncertainty. 4. Maximus (MMS) downgraded to Sector Weight from Overweight at KeyBanc with analyst Jason Gurda citing valuation and the current "pause" in federal procurement activity that could be longer and deeper than expected. 5. Hortonworks (HDP) downgraded to Neutral from Buy at Mizuho with analyst Abby Lamba citing the recent strength in shares and raised its price target to $14. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/25/17
SBSH
05/25/17
DOWNGRADE
Target $14
SBSH
Neutral
Etsy downgraded to Neutral from Buy at Citi
Citi analyst Mark Kelley downgraded Etsy to Neutral saying that while the stock has run on the company's review of alternatives, a takeover is not imminent. The stock could be worth $21-$22 if Etsy is acquired, but $7 if the company remains a stand-alone with little to no improvement in operational performance, Kelley tells investors in a research note. He tells investors to hold the stock if already involved and raised his price target for the shares to $14 from $13.
05/17/17
05/17/17
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. Disney (DIS) downgraded to Neutral from Outperform at Macquarie with analyst Tim Nollen saying the company's exposure to cable and "outsized" subscriber declines at ESPN "have again become a focal point in investors' minds." 2. Pandora (P) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Heath Terry saying he was wrong in thinking the market would focus on new subscription products and a return to profitability by the fourth quarter. 3. Square (SQ) downgraded to Neutral from Buy at BTIG with analyst Mark Palmer citing valuation following the strong rally and removed his $20 price target. 4. AMD (AMD) downgraded to Hold from Buy at Loop Capital with analyst Betsy Van Hees saying she believes the stock is fairly valued and is already pricing in "a lot," including the launches of RYZEN CPUs, Vega GPUs and the new EPYC server chip. 5. Etsy (ETSY) downgraded to Hold from Buy at Loop Capital with analyst Blake Harper saying with Etsy's new management team undertaking an internal strategic and operational review, an imminent sale of the company is unlikely. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/17/17
MAXM
05/17/17
NO CHANGE
Target $17
MAXM
Buy
Etsy shares can trade even higher, says Maxim
Maxim analyst Tom Forte noted the 21% pop in Etsy shares after the company said it is reviewing its strategy and would consider all options following the disclosure of two investors' combined 8% stake in the company. He raised his price target on Etsy to $17 from $13 as he sees further upside from either new management leveraging the company's high-potential business model or from the board opting to sell the company. Forte, who keeps a Buy rating on Etsy, estimates based on similar transactions that a sale could result in a share price of at least $16 if the board opts to go that route.
KSU Kansas City Southern
$103.93

-0.3 (-0.29%)

03/13/17
WELS
03/13/17
INITIATION
WELS
Market Perform
Kansas City Southern initiated with a Market Perform at Wells Fargo
03/15/17
WOLF
03/15/17
NO CHANGE
WOLF
Wolfe cuts Railroads to Market Weight, downgrades Norfolk Southern
Wolfe Research analyst Scott Group downgraded the Railroad sector to Market Weight from Overweight saying the risk/reward profiles are more balanced following the recent expansion of valuations. Group coupled the sector cut with a downgrade of Norfolk Southern (NSC) to Peer Perform from Outperform. The analyst thinks the company's operating ratio improvement could disappoint relative to CSX (CSX). He believes CSX has the best earnings story in the space under CEO Hunter Harrison.
06/19/17
AGIS
06/19/17
NO CHANGE
Target $115
AGIS
Buy
Kansas City Southern price target to $115 on volume growth at Aegis
Aegis analyst Jeffrey Kauffman raised Kansas City Southern estimates to reflect stronger then expected operations and increased its price target $115 from $110 to reflect managements improved business outlook. The analyst believes Kansas City's long-term growth opportunities will outpace other railroads and drive a premium growth multiple in time. Kauffman rates Kansas City Southern shares a Buy.
06/16/17
FBCO
06/16/17
UPGRADE
Target $116
FBCO
Outperform
Kansas City Southern upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse analyst Allison Landry upgraded Kansas City Southern to Outperform and raised her price target for the shares to $116 from $90. After investor meetings with management, the analyst has increased confidence that the secular growth story at the company has re-emerged. Kansas City's growth opportunity in the cross border refined products business is "significantly larger" than expected, Landry tells investors in a research note. The analyst sees a "number of positives" that can drive "material upward revisions" to consensus estimates over the near- and mid-term.
SRE Sempra Energy
$112.18

0.145 (0.13%)

06/08/17
LEHM
06/08/17
DOWNGRADE
Target $121
LEHM
Equal Weight
Sempra Energy downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Daniel Ford downgraded Sempra Energy (SRE) to Equal Weight with the shares close to his unchanged price target of $121. The analyst is increasingly concerned that the Cameron LNG export facility could face construction delays given the project's association with CB&I (CBI).

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SAP

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SKX

Skechers

$24.03

-1.06 (-4.22%)

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VST

Vistra Energy

$18.83

0.13 (0.70%)

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GE

General Electric

$23.58

0.46 (1.99%)

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LDR

Landauer

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ALL

Allstate

$92.73

1.48 (1.62%)

08:29
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Hot Stocks
Allstate announces expansion of ride-hailing coverage »

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  • 29

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HUBG

Hub Group

$39.50

0.35 (0.89%)

08:29
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  • 26

    Oct

TEAM

Atlassian

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GPC

Genuine Parts

$89.71

-8.33 (-8.50%)

08:27
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  • 30

    Oct

BOJA

Bojangles

$12.50

0.1 (0.81%)

08:26
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Downgrade
Bojangles rating change  »

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  • 01

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TEAM

Atlassian

$40.25

0.44 (1.11%)

08:25
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AGN

Allergan

$189.27

2.12 (1.13%)

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General news
Fed funds futures are lower as safe haven flows unwind as risk appetite jumps »

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WBC

Wabco

$155.08

6.01 (4.03%)

08:23
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UAL

United Continental

$59.78

-8.21 (-12.08%)

08:22
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ENBL

Enable Midstream

$15.60

0.06 (0.39%)

08:22
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  • 01

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$DJT

DJ Transportation Average

08:22
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$DJU

DJ Utility Average

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DJX

Dow Jones Industrial Average

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IYT

iShares Transportation Average

$177.87

-0.23 (-0.13%)

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XLK

Technology Select Sector SPDR

$60.69

-0.18 (-0.30%)

08:20
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XLE

Energy Select Sector SPDR

$67.64

-0.21 (-0.31%)

08:20
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Technical Analysis
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XLY

Consumer Discretionary Sector SPDR

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Technical Analysis
Consumer Discretionary Sector SPDR: Pivot points »

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08:20
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General news
Canada CPI preview »

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