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TM

Toyota

$121.49

0.16 (0.13%)

, MZDAF

Mazda

$15.25

0.376 (2.53%)

06:09
09/28/17
09/28
06:09
09/28/17
06:09

Toyota to form electric car technology venture with Mazda, Denso

Mazda Motor Corporation (MDZAF), Denso Corporation (DNZOY), and Toyota Motor Corporation (TM) signed a contract to jointly develop basic structural technologies for electric vehicles. Furthermore, the three companies have also decided to establish a new company consisting of selected engineers from the three companies to ensure the efficient implementation of the joint technological development projects. Mazda, Denso, and Toyota have decided to jointly develop basic structural technologies for EVs capable of covering a wide variety of vehicle segments and types to ensure flexible and rapid response to market trends. This agreement covers a diverse range of models, from minivehicles to passenger vehicles, SUVs, and light trucks, and aims to innovate the development process by combining the strengths of each company, including Mazda's bundled product planning and prowess in computer modeling-based development, Denso's electronics technologies, and the Toyota New Global Architecture platform. The new company will engage in the following: Research into the characteristics that define optimum performance and functions of EVs from the standpoint of both individual components and the whole vehicle Verification of component installation and vehicle performance realized by the characteristics achieved in item 1) Examination of the optimum concept for each car classification with regard to each component and each type of vehicle realized by achieving items 1) and 2). Through this joint technological development project, by dedicating an equal amount of development resources, ensuring efficient development processes, and taking advantage of existing production facilities, Mazda and Toyota intend to focus their resources on fundamental vehicle values to enable the creation of appealing EVs that embody the unique identities of each brand and avoid the commoditization of EVs. The companies also aim to create a business structure that is open to participation by other automakers and suppliers. Toyota will take a 90% stake in the joint venture, called EV Common Architecture Spirit Co Ltd, while Mazda and Denso Corp, Toyota's biggest supplier, will each take 5%.

TM

Toyota

$121.49

0.16 (0.13%)

MZDAF

Mazda

$15.25

0.376 (2.53%)

DNZOY

Denso Corporation

$25.29

-0.01 (-0.04%)

TM Toyota
$121.49

0.16 (0.13%)

07/11/17
BOFA
07/11/17
DOWNGRADE
BOFA
Underperform
Toyota downgraded to Underperform from Neutral at BofA/Merrill
07/11/17
07/11/17
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. Snap (SNAP) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Brian Nowak saying he now sees its advertising revenue growth being materially slower than he previously expected given the company's struggles to innovate and improve its ad product paired with the rising competition it faces from Facebook's (FB) Instagram. 2. Lennar (LEN), PulteGroup (PHM) downgraded to Equal Weight from Overweight at Barclays, and TRI Pointe (TPH) were downgraded to Equal Weight from Overweight at Barclays, while Toll Brothers (TOL) was downgraded to Underweight from Equal Weight. 3. Gildan Activewear (GIL) downgraded to Sector Perform from Outperform at RBC Capital with the firm's analyst citing year-to-date share strength and lack of meaningful upside to estimates. 4. PetMed Express (PETS) downgraded to Hold from Buy at Craig-Hallum with analyst Kevin Ellich saying risk/reward is balanced at current levels as the shares are up over 100% in the last 3 months. 5. Toyota (TM) downgraded to Underperform from Neutral at BofA/Merrill. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/24/17
RBCM
08/24/17
NO CHANGE
RBCM
Demand for Nvidia gaming chips remains strong, says RBC Capital
After conducting checks and reviewing Nvidia's (NVDA) 10-Q, RBC Capital analysts Mitch Steves and Amit Daryanani say that demand for Nvidia's gaming chips "remains healthy" in the midst of strong demand from crypto-currency miners. The analysts add that the company's new deal with Toyota (TM) should boost its selling volumes in 2018-2019, and cause its average selling prices to rise towards the end of that period. They add that sales of the company's Volta chip "are beginning to ramp." The analysts keep an Outperform rating on Nvidia.
09/21/17
RBCM
09/21/17
NO CHANGE
RBCM
Nvidia likely to continue partnering with Tesla, says RBC Capital
After CNBC and other media outlets reported that Tesla (TSLA) would work with AMD (AMD) to improve its self-driving car chips, RBC Capital analyst Mitch Steves expects Nvidia to continue to work with Tesla and remain the dominant chip provider to the automaker. He expects "similar dynamics" to play out in the data center space, with AMD "winning some share" in the sector, and Nvidia "remaining as the de-facto standard and market share leader." He notes that Toyota (TM) and Uber both use Nvidia's technology, and he does not expect the loss of share at Tesla to impact the chip maker over the long-term. He keeps an Outperform rating on Nvidia.
MZDAF Mazda
$15.25

0.376 (2.53%)

DNZOY Denso Corporation
$25.29

-0.01 (-0.04%)

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GE

General Electric

$14.49

-0.01 (-0.07%)

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JNJ

Johnson & Johnson

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2.11 (1.62%)

, CMD

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J&J sterilization unit draws bids from Cantel Medical, Medtronic, Bloomberg says »

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Cantel Medical

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KKR

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3M

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AET

Aetna

$175.55

0.49 (0.28%)

, CVS

CVS Health

$68.16

0.16 (0.24%)

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Aetna: CVS deal part of long-term solution toward value-based system »

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CVS

CVS Health

$68.16

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MYND

MYnd Analytics

$2.60

0.0301 (1.17%)

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Breaking Syndicate news story on MYnd Analytics »

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MYND

MYnd Analytics

$2.60

0.0301 (1.17%)

17:55
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CTRV

ContraVir Pharmaceuticals

$0.27

0.0027 (1.02%)

17:43
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Gabriele Cerrone reports 7.0% stake in ContraVir Pharma, may seek board changes »

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VLKAY

Volkswagen

$40.98

0.09 (0.22%)

17:41
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17:41
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VW settles U.S. diesel suit just before trial, Reuters reports »

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IAC

IAC

$153.99

3.2 (2.12%)

17:40
02/23/18
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17:40
Hot Stocks
Breaking Hot Stocks news story on IAC »

Barry Diller reports 8.3%…

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SPG

Simon Property

$156.66

2.63 (1.71%)

17:37
02/23/18
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17:37
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17:37
Syndicate
Breaking Syndicate news story on Simon Property »

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FN

Fabrinet

$28.64

0.99 (3.58%)

17:35
02/23/18
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Fabrinet director Frank Levinson buys 10,000 shares of company stock »

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CASI

Casi Pharmaceuticals

$3.85

0.1 (2.67%)

17:33
02/23/18
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Syndicate
Breaking Syndicate news story on Casi Pharmaceuticals »

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DXCM

Dexcom

$56.36

-0.04 (-0.07%)

, TNDM

TNDM

17:31
02/23/18
02/23
17:31
02/23/18
17:31
Hot Stocks
Breaking Hot Stocks news story on Dexcom, TNDM »

DexCom reports 5.6%…

DXCM

Dexcom

$56.36

-0.04 (-0.07%)

TNDM

TNDM

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IDXX

Idexx Laboratories

$187.61

3.75 (2.04%)

17:24
02/23/18
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Hot Stocks
Idexx Laboratories director sells 4,000 common shares »

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CYDY

CytoDyn

$0.72

0.02 (2.86%)

17:23
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Breaking Syndicate news story on CytoDyn »

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MRUS

Merus

17:23
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Breaking Hot Stocks news story on Merus »

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MSG

Madison Square Garden

$231.97

2.41 (1.05%)

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Silver Lake reports 4.9% stake in Madison Square Garden, may seek talks »

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MKL

Markel

$1,121.90

14.9 (1.35%)

17:12
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Breaking Syndicate news story on Markel »

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BEDU

Bright Scholar

$20.15

0.34 (1.72%)

17:08
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17:08
Syndicate
Bright Scholar files to sell 10M American Depositary Shares »

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AGN

Allergan

$162.09

2.69 (1.69%)

, MYL

Mylan

$41.45

0.17 (0.41%)

17:04
02/23/18
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17:04
Periodicals
PTAB denies Allergan's bid to dismiss restasis patent challenge, Bloomberg says »

Allergan's (AGN)…

AGN

Allergan

$162.09

2.69 (1.69%)

MYL

Mylan

$41.45

0.17 (0.41%)

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SCHW

Charles Schwab

$52.74

0.71 (1.36%)

17:03
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Charles Schwab appoints Joseph Martinetto as COO of the firm »

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KHC

Kraft Heinz

$69.02

1.38 (2.04%)

, BRK.A

Berkshire Hathaway

$304,020.01

2616.01 (0.87%)

17:02
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Kraft Heinz announces retirement of Warren Buffett from Board of Directors »

The Kraft Heinz Company…

KHC

Kraft Heinz

$69.02

1.38 (2.04%)

BRK.A

Berkshire Hathaway

$304,020.01

2616.01 (0.87%)

BRK.B

Berkshire Hathaway

$202.76

2.03 (1.01%)

BUD

AB InBev

$107.25

1.91 (1.81%)

QSR

Restaurant Brands

$59.46

1.02 (1.75%)

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SWX

Southwest Gas

$69.17

1.65 (2.44%)

17:02
02/23/18
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Hot Stocks
Southwest Gas increases quarterly common stock dividend »

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MS

Morgan Stanley

$56.07

1.21 (2.21%)

, AAOI

Applied Optoelectronics

$28.02

0.51 (1.85%)

16:56
02/23/18
02/23
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Hot Stocks
Breaking Hot Stocks news story on Morgan Stanley, Applied Optoelectronics »

Morgan Stanley reports…

MS

Morgan Stanley

$56.07

1.21 (2.21%)

AAOI

Applied Optoelectronics

$28.02

0.51 (1.85%)

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HSBC

HSBC

$51.23

0.19 (0.37%)

16:49
02/23/18
02/23
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02/23/18
16:49
Syndicate
Breaking Syndicate news story on HSBC »

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