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LMT

Lockheed Martin

$301.54

0.2 (0.07%)

, TDY

Teledyne

$154.89

0.19 (0.12%)

10:48
09/15/17
09/15
10:48
09/15/17
10:48

Lockheed Martin Ventures invests in Ocean Aero

Lockheed Martin Ventures (LMT) is making a strategic investment in Ocean Aero, the developer of the Submaran unmanned maritime vehicle. This is Lockheed Martin Ventures' third investment this year, and it will create opportunities for both companies to grow their maritime capabilities, with a focus on multi-domain Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance. Lockheed Martin Ventures is Ocean Aero's second significant investor, joining Teledyne Technologies (TDY), which has invested in Ocean Aero since 2014.

LMT

Lockheed Martin

$301.54

0.2 (0.07%)

TDY

Teledyne

$154.89

0.19 (0.12%)

  • 19

    Sep

  • 20

    Sep

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    Sep

LMT Lockheed Martin
$301.54

0.2 (0.07%)

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.
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.
08/14/17
SBSH
08/14/17
NO CHANGE
SBSH
Buy
Lockheed wins $8B contract over L3 and CACI, says Citi
Citi analyst Jason Gursky says the U.S. Special Ops Command Friday after the close awarded the Special Operations Forces Global Logistics Support Services contract to incumbent Lockheed Martin (LMT) over L3 Technologies (LLL), CACI (CACI) and potentially others. The $8B contract over multiple years is a positive development for Lockheed's MFC segment and an "incremental negative" for L3, the analyst tells investors in a research note. He believes CACI's bid "was always a long shot given the level of competition." Gursky has Buy ratings on all three names.
09/06/17
STFL
09/06/17
NO CHANGE
STFL
Stifel says United Tech deal strategic, not a sign of M&A 'floodgates opening'
Stifel analyst Joseph DeNardi said one of the only risks he sees to defense stocks' multiples would be a shift in cash deployment strategy from a focus on dividends and buybacks to M&A. However, he views United Technologies' (UTX) planned acquisition of Rockwell Collins (COL) as strategic and largely focused on its desire to regain leverage against Boeing (BA) and Airbus (EADSY) and not indicative of the M&A "floodgates opening" in the defense sector. Other publicly traded companies in the defense space include BAE Systems (BAESY), General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC) and Raytheon (RTN).
TDY Teledyne
$154.89

0.19 (0.12%)

07/05/17
NEED
07/05/17
UPGRADE
NEED
Buy
Teledyne upgraded to Buy from Hold at Needham
07/05/17
NEED
07/05/17
UPGRADE
NEED
Buy
Teledyne upgraded to Buy on digital imaging outlook at Needham
Needham analyst James Ricchiuti upgraded Teledyne to Buy from Hold with a price target of $148 to reflect increased confidence in the company's digital imaging outlook. The analyst expects tTeledyne's Dalsa commercial imaging business and the recently acquired e2v business to post a strong quarter. He believes the digital imaging business could grow in the low teens in 2018.
07/05/17
07/05/17
UPGRADE
Target $148

Buy
Teledyne upgraded to Buy at Needham
As previously reported, Needham analyst James Ricchiuti upgraded Teledyne to Buy from Hold, with a $148 price target, based in part on increased optimism in the company's commercial imaging business, which represents the largest piece of its Digital Imaging Segment. Additionally, the analyst believes Teledyne's other commercial businesses, with the exception of subsea energy instrumentation and components business, can show "solid growth" in 2017 on the heels of the strong Q1 bookings and expectations of continued healthy orders in Q2.

TODAY'S FREE FLY STORIES

WLFC

Willis Lease

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DPS

Dr Pepper Snapple

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1.03 (1.08%)

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RCII

Rent-A-Center

$11.70

0.09 (0.78%)

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AR

Antero Resources

$18.74

-0.59 (-3.05%)

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Recommendations
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T

AT&T

$37.21

0.06 (0.16%)

, TWX

Time Warner

$93.36

0.39 (0.42%)

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Periodicals
AT&T requesting docs from companies in Time Warner deal hearing, Reuters says »

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T

AT&T

$37.21

0.06 (0.16%)

TWX

Time Warner

$93.36

0.39 (0.42%)

VZ

Verizon

$51.91

0.36 (0.70%)

CMCSA

Comcast

$42.50

0.65 (1.55%)

CMCSK

Comcast

DISH

Dish

$45.26

0.1 (0.22%)

CHTR

Charter

$366.05

0.8 (0.22%)

DIS

Disney

$110.59

0.17 (0.15%)

VIA

Viacom

$39.20

-0.5 (-1.26%)

VIAB

Viacom

$33.36

-0.59 (-1.74%)

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GRPN

Groupon

$5.57

0.46 (9.00%)

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Groupon announces Chief Product Officer Jay Sullivan resigns »

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CELG

Celgene

$102.65

0.93 (0.91%)

17:41
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VALU

Value Line

$19.60

0.3 (1.55%)

17:40
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Hot Stocks
Value Line reaffirms $3M stock repurchase program »

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VALU

Value Line

$19.60

0.3 (1.55%)

17:39
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Hot Stocks
Value Line declares special dividend of 20c per share »

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ZEAL

Zealand Pharma

$15.05

-0.78 (-4.93%)

17:34
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GNMSF

Genmab

$190.75

2.75 (1.46%)

, JNJ

Johnson & Johnson

$147.36

0.44 (0.30%)

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Genmab says FDA grants priority review for daratumumab »

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Genmab

$190.75

2.75 (1.46%)

JNJ

Johnson & Johnson

$147.36

0.44 (0.30%)

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HII

Huntington Ingalls

$242.12

5.24 (2.21%)

17:21
01/19/18
01/19
17:21
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17:21
Hot Stocks
Huntington Ingalls awarded $125.2M government contract modification »

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BAESY

BAE Systems

$33.30

0.18 (0.54%)

, GD

General Dynamics

$209.10

1.3 (0.63%)

17:20
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Hot Stocks
BAE Systems, General Dynamics awarded $237.6M government contract modification »

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BAESY

BAE Systems

$33.30

0.18 (0.54%)

GD

General Dynamics

$209.10

1.3 (0.63%)

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SYRS

Syros Pharmaceuticals

$10.80

0.27 (2.56%)

17:17
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Syndicate
Breaking Syndicate news story on Syros Pharmaceuticals »

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WTFC

Wintrust Financial

$87.81

0.96 (1.11%)

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  • 23

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TWTR

Twitter

$23.66

-0.38 (-1.58%)

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ITEK

Inotek Pharmaceuticals

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Boxer Capital reports 5.3% passive stake in Rocket Pharmaceuticals »

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OIS

Oil States

$32.80

0.35 (1.08%)

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Breaking Syndicate news story on Oil States »

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AVGO

Broadcom

$266.39

-3.41 (-1.26%)

, QCOM

Qualcomm

$68.04

-0.01 (-0.01%)

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Broadcom receives second request from FTC for proposed Qualcomm deal »

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AVGO

Broadcom

$266.39

-3.41 (-1.26%)

QCOM

Qualcomm

$68.04

-0.01 (-0.01%)

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  • 06

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TRNC

tronc

$19.53

0.3 (1.56%)

16:37
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AP

Ampco-Pittsburgh

$14.20

0.15 (1.07%)

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Syndicate
Breaking Syndicate news story on Ampco-Pittsburgh »

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  • 29

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CG

Carlyle Group

$24.35

-0.05 (-0.20%)

, UBSH

Union Bankshares

$38.79

0.54 (1.41%)

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CG

Carlyle Group

$24.35

-0.05 (-0.20%)

UBSH

Union Bankshares

$38.79

0.54 (1.41%)

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ANDX

Andeavor Logistics

$52.52

0.12 (0.23%)

16:31
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Andeavor Logistics raises quarterly cash distribution to $1.00 per unit »

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Options
Preliminary option volume of 22.8M today »

Preliminary option volume…

TRNC

tronc

$19.53

0.3 (1.56%)

16:26
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Periodicals
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Dow Jones added that the…

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