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NOC

Northrop Grumman

$269.60

0.02 (0.01%)

, BA

Boeing

$239.56

-0.67 (-0.28%)

13:53
08/08/17
08/08
13:53
08/08/17
13:53

Air Force seeks compensation from Northrop over Joint Stars, Bloomberg says

The U.S. Air Force is looking to recover funds from Northrop Grumman (NOC) for radar and electrical equipment damage allegedly caused by the company's mechanics during maintenance of its Joint Stars surveillance aircraft, Bloomberg reports, citing Air Force Materiel Command spokesman Derek Kaufman. The move comes as Northrop is competing for a $7B contract for a successor to Joint Stars likely pitting it against Boeing (BA) and Lockheed Martin (LMT). Reference Link

NOC

Northrop Grumman

$269.60

0.02 (0.01%)

BA

Boeing

$239.56

-0.67 (-0.28%)

LMT

Lockheed Martin

$299.70

2.55 (0.86%)

  • 08

    Aug

  • 23

    Aug

NOC Northrop Grumman
$269.60

0.02 (0.01%)

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).
08/08/17
MSCO
08/08/17
INITIATION
Target $279
MSCO
Equal Weight
Northrop Grumman initiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Rajeev Lalwani initiated Northrop Grumman with an Equal Weight and a $279 price target saying its leading revenue profile is offset by light free cash flow yields and margin growth.
08/08/17
08/08/17
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. Amazon.com (AMZN), Alphabet (GOOG, GOOGL), and Facebook (FB) were reinstated with a Buy at Mizuho, while eBay (EBAY) and Twitter (TWTR) were reinstated with an Underperform. 2. Broadridge (BR) initiated with a Neutral at DA Davidson. 3. Brighthouse Financial (BHF) initiated with an Overweight at Barclays. 4. Akcea Therapeutics (AKCA) WAS initiated with an Outperform at BMO Capital and Cowen, an Outperform at Wells Fargo, as well as a Buy at Stifel. 5. Lockheed Martin (LMT) and Raytheon (RTN) were initiated with an Overweight at Morgan Stanley, while Northrop Grumman (NOC) was initiated with an Equal Weight, and General Dynamics (GD) was initiated with an Underweight at the firm. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/10/17
VERT
05/10/17
UPGRADE
VERT
Buy
Northrop Grumman upgraded to Buy from Hold at Vertical Research
Vertical Research analyst Robert Stallard upgraded Northrop Grumman to Buy from Hold with a $270 price target telling investors defense sector fundamentals remain positive and share underperformance versus peers provides a buying opportunity.
BA Boeing
$239.56

-0.67 (-0.28%)

07/31/17
JPMS
07/31/17
NO CHANGE
Target $280
JPMS
Overweight
Boeing price target raised to $280 from $240 at JPMorgan
JPMorgan analyst Seth Seifman raised his price target for Boeing to $280 to reflect double digit increases in his free cash flow per share and core earnings per share estimates for 2019 to $20 and $13.60, respectively. The analyst views the company's September investor meeting as the next catalyst and keeps an Overweight rating on Boeing shares.
08/01/17
ARGS
08/01/17
NO CHANGE
ARGS
Boeing price target raised to $270 from $240 at Argus
Argus analyst John Eade raised his price target on Boeing after the company delivered beat and raise results. The analyst is upbeat on the stock due to what he sees as its "significant backlog" and its high exposure to the commercial aerospace sector. He keeps a Buy rating on the shares.
08/03/17
FBCO
08/03/17
NO CHANGE
Target $80
FBCO
Outperform
Spirit AeroSystems price target raised to $80 from $74 at Credit Suisse
Credit Suisse analyst Robert Spingarn raised his price target for Spirit AeroSystems (SPR) to $80 from $74 following the "surprise announcement" that the company had reached a key master pricing agreement with Boeing (BA). The analyst expects shares to be up strongly, followed by profit takers who, once the euphoria wears off, would resume worrying about aerostructures supplier disintermediation and the possible price reductions Spirit AeroSystems may have agreed to down the road. Spingarn reiterates an Outperform rating on Spirit AeroSystems' shares.
08/01/17
ADAM
08/01/17
UPGRADE
Target $125
ADAM
Buy
Rockwell Collins upgraded to Buy at Canaccord
As previously reported, Canaccord analyst Ken Herbert upgraded Rockwell Collins (COL) to Buy from Hold. The analyst noted the selloff yesterday when Boeing (BA) said it would establish an avionics unit that could eventually bring more work in-house. He believes Rockwell Collins is relatively well protected in its markets and has a very strong reputation with Boeing as a top supplier. Herbert, who sees upside potential across the company's entire portfolio, raised his price target to $125 from $108 on Rockwell Collins shares.
LMT Lockheed Martin
$299.70

2.55 (0.86%)

07/19/17
ARGS
07/19/17
NO CHANGE
ARGS
Lockheed Martin price target raised to $320 from $290 at Argus
Argus analyst John Eade increased his price target on Lockheed Martin after the company reported higher than expected Q2 EPS. The analyst notes that U.S. defense spending is rising, while geopolitical tensions are increasing. Calling the stock's valuation attractive, he keeps a Buy rating on the shares.
07/19/17
FBCO
07/19/17
NO CHANGE
Target $300
FBCO
Neutral
Lockheed Martin price target raised to $300 from $280 at Credit Suisse
Credit Suisse analyst Robert Spingarn raised his price target for Lockheed Martin to $300 from $280 as he expects shares to grind higher with continued earnings growth, perhaps tempered a little by flattish CF largely due to contract timing. He reiterates a Neutral rating on the shares.
08/08/17
MSCO
08/08/17
INITIATION
Target $342
MSCO
Overweight
Lockheed Martin initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst Rajeev Lalwani initiated Lockheed Martin with an Overweight and a $342 price target saying it has the right balance of segment margin growth, revenue visibility, and leading 5-year CAGR, all supported by the F-35 ramp over the coming years, combined with pension benefits.

TODAY'S FREE FLY STORIES

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C

Citi

$74.33

0.2 (0.27%)

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EW

Edwards Lifesciences

$161.52

7.81 (5.08%)

, ALXN

Alexion

$128.15

6.18 (5.07%)

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Edwards Lifesciences

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ABT

Abbott

$71.27

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NFX

Newfield Exploration

$29.85

0.81 (2.79%)

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SBAC

SBA Communications

$159.90

-0.62 (-0.39%)

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Conference/Events
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  • 25

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RHHBY

Roche

$0.00

(0.00%)

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  • 25

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UNFI

United Natural Foods

$30.73

-0.29 (-0.93%)

09:47
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  • 28

    Oct

YEXT

Yext

$23.24

-1.53 (-6.18%)

09:47
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Hot Stocks
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RHHBY

Roche

$0.00

(0.00%)

09:47
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Genentech's Entrectinib showed durable response rate of over 2 years in NSCLC »

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  • 25

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DWT

Britannia Bulk

$5.57

-0.3 (-5.11%)

09:47
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Britannia Bulk falls -5.3% »

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PPDF

PPDAI Group

$6.01

-0.59 (-8.94%)

09:47
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P

Pandora

$9.65

0.57 (6.28%)

09:47
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Pandora rises 6.2% »

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XON

Intrexon

$16.14

1.645 (11.35%)

09:47
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SA

Seabridge Gold

$12.45

1.2 (10.67%)

09:47
09/24/18
09/24
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Hot Stocks
Seabridge Gold rises 10.6% »

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  • 24

    Sep

HKMPY

Hikma

$0.00

(0.00%)

09:45
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09/24
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09:45
Conference/Events
Hikma has a conference call hosted by JPMorgan »

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  • 24

    Sep

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Conference/Events
The National Press Club to host a luncheon meeting »

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KORS

Michael Kors

$72.67

(0.00%)

09:42
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AWSM

Cool Holdings

$19.00

(0.00%)

09:41
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NITE

Nightstar Therapeutics

$25.64

(0.00%)

09:40
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  • 24

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USO

United States Oil Fund

$14.95

(0.00%)

, SYMC

Symantec

$20.90

(0.00%)

09:40
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USO

United States Oil Fund

$14.95

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SYMC

Symantec

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ITUB

Itau Unibanco

$10.88

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PG

Procter & Gamble

$85.75

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KO

Coca-Cola

$46.58

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HD

Home Depot

$211.77

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GLD

SPDR Gold Trust

$113.48

(0.00%)

P

Pandora

$9.08

(0.00%)

IQ

iQIYI

$26.20

(0.00%)

V

Visa

$149.98

(0.00%)

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JLL

Jones Lang LaSalle

$145.37

(0.00%)

09:40
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Conference/Events
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General news
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ELY

Callaway Golf

$22.70

-0.26 (-1.13%)

09:36
09/24/18
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09:36
Conference/Events
Callaway Golf management to meet with JPMorgan »

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