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UAL

United Continental

$65.24

0.92 (1.43%)

, EADSY

Airbus

$23.97

-0.14 (-0.58%)

11:49
10/06/17
10/06
11:49
10/06/17
11:49

Airbus delivered 55 aircrafts in Sept., logged 56 orders for narrow, widebodies

Airbus (EADSY) logged 56 orders for its single-aisle and widebody jetliners in September, including key bookings for the A320neo Family and A350 XWB; while performing 55 deliveries from across the A320, A330, A350 XWB and A380 commercial aircraft product families. Leading the month's new business was Cathay Pacific Airways' firm order for 32 A321neo versions, which will be operated by the airline regional Asian carrier Hong Kong-based Cathay Dragon. Other single-aisle jetliner orders were four A320ceo booked by Japan's Peach Aviation, two A321ceo aircraft for Air Lease Corporation of the U.S., and two A320neo for an undisclosed customer. Topping the widebody orders in September was United Airlines' (UAL) upsizing of the U.S. carrier's A350 XWB order book with an additional 10 A350-900s. Also logged were four A330-300 and two A330-900 orders for undisclosed customers. With these latest transactions, Airbus' overall net orders for the first nine months of 2017 totalled 271 jetliners. Deliveries during the month were led by 40 A320 Family aircraft; along with seven A330-300s; seven A350-900s and one A380. Taking the month's order and delivery activity into account, Airbus' overall backlog of jetliners as of September 30 stood at 6,691 -- the equivalent of approximately nine years of production at current rates.

UAL

United Continental

$65.24

0.92 (1.43%)

EADSY

Airbus

$23.97

-0.14 (-0.58%)

UAL United Continental
$65.24

0.92 (1.43%)

09/20/17
09/20/17
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. Johnson & Johnson (JNJ) downgraded to Sell from Neutral at Goldman Sachs with analyst Jami Rubin saying pressure on key products combined with still-slow MD&D growth and continued strains on the consumer will leave the company with below average, long-term growth. 2. United Continental (UAL) downgraded to Market Perform at Raymond James with analyst Savanthi Syth saying an improvement in relative profitability versus legacy peers is likely to take longer than previously expected. 3. Ingersoll-Rand (IR) downgraded to Neutral from Overweight at JPMorgan with analyst C. Stephen Tusa saying he sees more relative upside and better risk/rewards elsewhere in the Electrical Equipment and Multi Industry sector. The analyst expects the company's solid execution to continue and raised his price target for the shares to $98 from $96. 4. L Brands (LB) downgraded to Market Perform from Outperform at Cowen with analyst Oliver Chen saying he sees risk to its comparable sales growth and margins if the company can not achieve elevated pricing. 5. Yahoo Japan (YAHOY) downgraded to Hold from Buy at Jefferies with analyst Hiroko Sato citing a lack of catalysts. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/21/17
UBSW
09/21/17
NO CHANGE
UBSW
Recent correction in airline stocks overdone, says UBS
UBS analyst Darryl Genovesi noted that United Continental (UAL) and Alaska Air (ALK) are down about 20% while Delta (DAL) and American (AAL) have fallen about 10% so far in Q3 as the fare-matching narrative has re-surfaced and estimates for fuel costs have risen. However, he views the recent correction as overdone and thinks the airline group as a whole, which was cheap before, is cheaper now without the forward earnings growth outlook being any worse. Genovesi, who doesn't see evidence of a demand drop off in the travel agency data he tracks, thinks Q3 RASM weakness is predominantly "self-inflicted" by oversupply. Other publicly traded companies in the space include JetBlue (JBLU) and Southwest (LUV).
09/25/17
MACQ
09/25/17
INITIATION
Target $64
MACQ
Neutral
United Continental initiated with a Neutral at Macquarie
Macquarie analyst Susan Donofrio initiated American Airlines with a Neutral and $64 price target. The analyst believes management's focus on regaining lost domestic market share will likely lead to financial underperformance.
09/27/17
STFL
09/27/17
NO CHANGE
STFL
Big 4 airlines' exposure to Spirit lower than thought, says Stifel
Stifel analyst Joseph DeNardi believes that sell side analysts at other firms may be overstating the degree of overlap that the "Big 4" airlines - American Airlines (AAL), Delta (DAL), Southwest (LUV) and United Continental (UAL) - have with Spirit (SAVE) by not accurately adjusting to include only routes operated within the same time period as competitors. Adjusting to within a 2 hour time channel, he estimates only 5% of United's and Delta's total ASMs are directly exposed to Spirit, while 8% of American's ASMs and 11% of Southwest's are exposed, he tells investors. If United is hoping to influence Spirit's growth, it may choose to continue to compete aggressively, but if its goal is to improve margins, he would expect pricing to stabilize, DeNardi tells investors.
EADSY Airbus
$23.97

-0.14 (-0.58%)

03/21/17
BERN
03/21/17
NO CHANGE
BERN
Airbus shares poised to outperform over the long-term, says Bernstein
Bernstein analyst Douglas Harned expects Airbus' earnings and cash flow growth to accelerate significantly in 2018-2019, enabling the stock to outperform. He raised his price target on the name to EUR88 from EUR83.
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).
09/22/17
JEFF
09/22/17
DOWNGRADE
JEFF
Hold
Airbus downgraded to Hold from Buy at Jefferies
Jefferies analyst Sandy Morris downgraded Airbus Group to Hold saying the company's EBIT in FY18 and FY19 could track significantly below consensus expectations. The analyst has a EUR 75 price target on the shares.
09/22/17
09/22/17
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. Versartis (VSAR) was downgraded to Hold from Buy at SunTrust, to Underweight from Overweight at Barclays, to Neutral from Overweight at Piper Jaffray, and to Market Perform from Outperform at Cowen. 2. Tiffany (TIF) downgraded to Neutral from Buy at Goldman Sachs with analyst Lindsay Drucker Mann saying the company's high-end categories, including engagement, wedding and solitaire jewelry, decelerated in the last two quarters. 3. Airbus (EADSY) downgraded to Hold from Buy at Jefferies with analyst Sandy Morris saying the company's EBIT in fiscal 2018 and fiscal 2019 could track significantly below consensus expectations. 4. Alcoa (AA) downgraded to Hold from Buy at Berenberg with analyst Yuriy Vlasov saying Alcoa shares are up 43% over the past six months and recommends taking profits. 5. U.S. Steel (X) was downgraded to Underperform from Market Perform while ArcelorMittal (MT) was downgraded to Market Perform from Outperform at Cowen. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

CLI

Mack-Cali Realty

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-0.25 (-1.35%)

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CLI

Mack-Cali Realty

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MIC

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$63.62

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ILG

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TGB

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Earnings
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BAND

Bandwidth

$24.09

0.18 (0.75%)

17:26
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Earnings
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BAND

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17:25
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Earnings
Bandwidth sees Q1 adjusted EPS 7c-10c, may not compare to consensus (6c) »

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SM

SM Energy

$21.30

-0.54 (-2.47%)

17:25
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BAND

Bandwidth

$24.09

0.18 (0.75%)

17:24
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Bandwidth reports Q4 adjusted EPS 9c, consensus 0c »

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SM

SM Energy

$21.30

-0.54 (-2.47%)

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Hot Stocks
SM Energy sees 2018 production 42-46 MMBoe, 41% oil »

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P

Pandora

$4.87

-0.46 (-8.63%)

17:24
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Earnings
Pandora sees Q1 revenue $295M-$305M, consensus $322.87M »

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SM

SM Energy

$21.30

-0.54 (-2.47%)

17:23
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Earnings
SM Energy reports Q4 adjusted EPS (8c), consensus (14c) »

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P

Pandora

$4.87

-0.46 (-8.63%)

17:22
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Pandora expects FY18 top-line growth to come from subscription business »

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LNCE

Snyder's-Lance

$49.90

-0.1 (-0.20%)

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Snyder's-Lance initiates recall for a limited amount of Glazed Walnuts product »

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OKE

Oneok

$56.10

-0.92 (-1.61%)

17:20
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ONEOK to invest $2.3B for additional NGL, natural gas infrastructure »

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GXP

Great Plains Energy

$29.45

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MIC

Macquarie Infrastructure

$63.62

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Breaking Hot Stocks news story on Macquarie Infrastructure »

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MIC

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Earnings
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CAKE

Cheesecake Factory

$46.22

0.61 (1.34%)

17:18
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Earnings
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UTX

United Technologies

$129.26

2.8 (2.21%)

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United Technologies awarded $2.5B U.S. Defense Department contract »

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  • 21

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IAG

IAMGold

$5.86

0.07 (1.21%)

17:17
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  • 22

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CAKE

Cheesecake Factory

$46.22

0.61 (1.34%)

17:16
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Earnings
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  • 21

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P

Pandora

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-0.46 (-8.63%)

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CLVS

Clovis

$54.93

1.22 (2.27%)

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  • 26

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HBM

Hudbay Minerals

$8.15

0.1 (1.24%)

17:10
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Hudbay Minerals sees FY18 production outlook unchanged »

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