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STM

STMicroelectronics

$17.30

-0.02 (-0.12%)

, IFNNY

Infineon

$22.70

0.05 (0.22%)

15:20
08/08/17
08/08
15:20
08/08/17
15:20

Infineon beats out STMicroelectronics for Model 3 contract, Inside EVs says

While it previously appeared STMicroelectronics (STM) had won a deal to supply chips for Tesla's (TSLA) mass-market Model 3, it now turns out that Infineon (IFNNY) has secured the deal, according to Inside EVs. The CEO of Infineon, which makes battery and motor chips for the majority of the top-selling EVs globally and currently has its chips used in Tesla's Model S, said, "We do not comment on the individual models, but we will also will be present in Model 3," according to the report. Reference Link

STM

STMicroelectronics

$17.30

-0.02 (-0.12%)

IFNNY

Infineon

$22.70

0.05 (0.22%)

TSLA

Tesla

$355.17

-1.74 (-0.49%)

  • 08

    Aug

  • 29

    Aug

  • 02

    Oct

STM STMicroelectronics
$17.30

-0.02 (-0.12%)

07/11/17
07/11/17
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. KeyCorp (KEY) upgraded to Outperform from Market Perform at Keefe Bruyette with analyst Brian Klock saying he sees valuation expansion as the market further appreciates the company's leading return on assets and stable earnings. 2. Exxon Mobil (XOM) and Imperial Oil (IMO) were upgraded to Overweight from Equal Weight at Barclays. 3. Westar Energy (WR) was upgraded to Outperform from In Line at Evercore ISI and to Overweight from Neutral at JPMorgan. 4. STMicroelectronics (STM) upgraded to Overweight from Neutral at JPMorgan with analyst Sandeep Deshpande citing the stock's underperformance over the past three months. 5. J.M. Smucker (SJM) upgraded to Long-Term Buy on valuation at Hilliard Lyons with analyst Jeffrey Thomison citing the recent decline in shares and maintained a $140 price target. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/11/17
JPMS
07/11/17
UPGRADE
JPMS
Overweight
STMicroelectronics upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Sandeep Deshpande upgraded STMicroelectronics (STM) to Overweight citing the stock's underperformance over the past three months. The analyst believes the market is underestimating the company's second half of 2017 potential. The 3D sensing win at Apple (AAPL) and silicon carbide win at Tesla (TSLA) are likely to drive positive earnings estimate revisions in 2018, Deshpande tells investors in a research note. He has a EUR 16.30 price target for the shares.
06/28/17
CHLM
06/28/17
NO CHANGE
Target $20
CHLM
Buy
STMicroelectronics pullback a buying opportunity, says Craig-Hallum
Craig-Hallum analyst Anthony Stoss believes STMicroelectronics' fundamentals remain intact and he views the recent pullback in the stock as a "great buying opportunity" ahead of the company's earnings report, as he expects a "beat and raise" coming in late July. Stoss keeps a Buy rating and $20 price target on STMicroelectronics shares.
06/27/17
STFL
06/27/17
UPGRADE
STFL
Buy
STMicroelectronics upgraded to Buy from Hold at Stifel
IFNNY Infineon
$22.70

0.05 (0.22%)

05/15/17
GSCO
05/15/17
UPGRADE
GSCO
Buy
Infineon upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Alexander Duval upgraded Infineon to Buy and raised his price target for the shares to EUR 22 from EUR 19.
04/26/17
ROTH
04/26/17
NO CHANGE
Target $27
ROTH
Buy
Roth Capital says Cree post-earnings weakness 'overdone'
Roth Capital analyst Craig Irwin argues that the post-earnings weakness in Cree (CREE) is "overdone" given that its earnings miss -- while difficult -- was smaller than peers. The analyst concedes, however, that the turnaround in Cree's Lighting Products segment is "taking longer than anyone would like," leading him to take a materially more conservative view of the unit. Irwin also updates his models to now include Cree's Wolfspeed. The proposed sale of Wolfspeed to Infineon (IFNNY) collapsed earlier this year, and while it remains attractive and "could see a sale to a third party," the analyst argues that a trade sale of the business "looks highly unlikely at this point." He lowered his price target on Cree shares to $27 from $33 but keeps a Buy rating on the stock.
03/14/17
NEED
03/14/17
DOWNGRADE
NEED
Hold
Mobileye downgraded to Hold from Buy at Needham
Needham analyst Rajvindra Gill downgraded Mobileye (MBLY) to Hold from Buy after Intel (INTC) announced its intention to acquire all of the former's outstanding ordinary shares for $63.54 per share. The analyst believes the deal clearly validates the ADAS and fully autonomous vehicle market, and views it as a positive read-through into the entire ADAS and automotive supply chain, namely ON Semiconductor (ON), Micron (MU), Cypress Semiconductor (CY), NXP Semiconductors (NXPI), NVIDIA (NVDA), Tower Semiconductor (TSEM), and Infineon (IFNNY).
02/09/17
ROTH
02/09/17
NO CHANGE
Target $34
ROTH
Buy
Cree should be bought on volatility, says Roth Capital
Roth Capital analyst Craig Irwin expects shares of Cree (CREE) to be near-term weak after the company announced CFIUS impediments for closing the sale of Wolfspeed to Infineon (IFNNY). The analyst believes that originally there were additional bidders for the Wolfspeed assets, albeit with lower final offers, allowing resumption of the sale process with an alternate. Irwin would be a buyer on volatility driven by short-term uncertainty. He reiterates a Buy rating and $34 price target on the shares.
TSLA Tesla
$355.17

-1.74 (-0.49%)

08/08/17
08/08/17
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. Tesla (TSLA) upgraded to Buy from Hold at Argus with analyst William Selesky saying he expects Tesla to reach breakeven two quarters earlier than he'd previously forecast and sees the company achieving full-year profitability in fiscal 2019. 2. L3 Technologies (LLL) upgraded to Buy from Hold at Drexel Hamilton analyst Pete Skibitski saying he is "cautiously" optimistic that there will be a positive resolution in fiscal 2018 budget negotiations, which will benefit the entire space, and notes L3's international outlook has improved as the year has progressed. 3. Foot Locker (FL) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Jay Sole saying he believes share weakness related to investor concerns surrounding share loss to Amazon (AMZN) and brands' own websites has created an "excellent" buying opportunity. 4. UPS (UPS) upgraded to Buy from Neutral at Citi with analyst Christian Wetherbee saying he sees a "clear path" toward double-digit earnings growth returning in 2018. 5. Cognizant (CTSH) upgraded to Buy from Hold at Berenberg with analyst Georgios Kertsos saying the market now considers U.S. immigration policy changes as unlikely, which leaves upside for investors. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/08/17
ARGS
08/08/17
UPGRADE
Target $444
ARGS
Buy
Tesla upgraded to Buy on strong Model 3 orders at Argus
As previously reported, Argus analyst William Selesky upgraded Tesla to Buy from Hold and set a $444 price target on the shares. He noted that Tesla has been getting 1,800 Model 3 orders per day without any advertising or marketing so far. While he notes the ramp-up of the mass market vehicle will lead to increased labor and overhead costs he expect those to diminish over the course of next year. Selesky now expects Tesla to reach breakeven two quarters earlier than he'd previously forecast and sees the company achieving full-year profitability in FY19.
08/08/17
ARGS
08/08/17
UPGRADE
Target $444
ARGS
Buy
Tesla upgraded to Buy from Hold at Argus
08/03/17
BOFA
08/03/17
NO CHANGE
Target $155
BOFA
Underperform
Tesla price target lowered to $155 from $165 at BofA/Merrill
BofA/Merrill analyst John Murphy said Tesla's Q2 results were a bit noisy, but generally above expectations. He said Model 3 ramp volume still remains unclear and expects it to take some time before it reaches any material scale, which could lead to production costs outweighing potential benefits of higher volume operating leverage for an extended time. The analyst expects Tesla will need to raise capital by year-end and believes investor patience will wear thin as further capital raises are net met with improving earnings, cash flow, or returns. Murphy lowered Tesla's price target to $155 from $165 on slightly lower forward estimates and maintains an Underperform rating.

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KMI

Kinder Morgan

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0.04 (0.23%)

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T-Mobile

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Sprint

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DTEGY

Deutsche Telekom

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FB

Facebook

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TCI

Transcontinental Realty Inc

$36.00

2.54 (7.59%)

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SMAR

Smartsheet

$29.00

-3.07 (-9.57%)

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SYX

Systemax

$35.40

-4 (-10.15%)

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UTX

United Technologies

$125.30

-2.2 (-1.73%)

, EADSY

Airbus

$0.00

(0.00%)

12:00
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Pratt & Whitney close to fix for part that delayed Airbus jets, Bloomberg says »

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UTX

United Technologies

$125.30

-2.2 (-1.73%)

EADSY

Airbus

$0.00

(0.00%)

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PAGS

PagSeguro Digital

$27.24

-4.92 (-15.30%)

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EBR

Centrais Electricas

$3.71

0.21 (6.00%)

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UVXY

ProShares Trust Ultra VIX Short Term Futures ETF

$10.44

0.795 (8.24%)

12:00
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ProShares Trust Ultra VIX Short Term Futures ETF rises 8.0% »

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COTV

Cotiviti Holdings

$44.02

4.13 (10.35%)

12:00
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ARRY

Array BioPharma

$17.90

0.4 (2.29%)

11:57
06/19/18
06/19
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11:57
Conference/Events
Array BioPharma to hold a conference call »

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  • 20

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VZ

Verizon

$48.69

1.23 (2.59%)

11:57
06/19/18
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11:57
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Periodicals
Verizon to cease sharing phone-location data of customers, Reuters reports »

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  • 20

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USCR

U.S. Concrete

$63.30

-1.1 (-1.71%)

11:53
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06/19
11:53
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U.S. Concrete rating downgraded to B2 from B1 by Moody's »

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  • 28

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    Jun

JD

JD.com

$41.57

-2.18 (-4.98%)

11:50
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Continued interest in JD Jun 22nd 45 calls even as shares slide »

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11:50
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Treasury's bill auctions were about average »

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KO

Coca-Cola

$43.57

0.01 (0.02%)

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FOX

21st Century Fox

$44.44

0.09 (0.20%)

, FOXA

21st Century Fox

$44.70

0.145 (0.33%)

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FOX

21st Century Fox

$44.44

0.09 (0.20%)

FOXA

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$44.70

0.145 (0.33%)

SKYAY

Sky

$0.00

(0.00%)

DIS

Disney

$106.00

-1.05 (-0.98%)

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CEA

China Eastern Airlines

$42.19

-0.49 (-1.15%)

, EADSY

Airbus

$0.00

(0.00%)

11:41
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China Eastern calls for bids to supply 150 jetliners, Reuters says »

China Eastern (CEA) is…

CEA

China Eastern Airlines

$42.19

-0.49 (-1.15%)

EADSY

Airbus

$0.00

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BA

Boeing

$343.13

-11.66 (-3.29%)

03/08/13
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SRPT

Sarepta

$161.63

56.15 (53.23%)

11:40
06/19/18
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Options
Sarepta Therapeutics call buyer hits a home run »

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  • 20

    Jun

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General news
Atlanta Fed's Q2 GDPNow estimate was nudged down to 4.7% »

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ADTN

Adtran

$15.25

-0.25 (-1.61%)

11:38
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ACHV

Achieve Life Sciences

$3.45

-0.08 (-2.27%)

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