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HRS

Harris

$136.62

0.62 (0.46%)

09:01
10/13/17
10/13
09:01
10/13/17
09:01

Harris awarded $765M IDIQ contract by U.S. Department of Navy

The U.S. Department of Navy has awarded Harris Corporation a five-year, $765M ceiling, single-award IDIQ contract to provide tactical radios and ancillary devices to the Navy and Marine Corps. This new contract, which replaces a $300M IDIQ contract that expired in August, enables the U.S. Department of Navy to procure radios including the Harris AN/PRC-117G, AN/PRC-152A and the new AN/PRC-160 wideband HF radio, as well as peripheral attachments to support handheld, manpack, vehicular and base station mission needs. Additionally, the contract's flexibility allows Harris to provide next-generation products as required.

HRS Harris
$136.62

0.62 (0.46%)

05/01/17
LEHM
05/01/17
DOWNGRADE
Target $110
LEHM
Equal Weight
Harris downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Carter Copeland downgraded Harris to reflect a more neutral stance of Defense names. The stock is near the analyst's post-election, upwardly revised price target. Copeland believes defense stocks exited Q1 with "little prospect for upside while industrials look to accelerating upside." The analyst keeps a $110 price target for Harris shares.
05/01/17
LEHM
05/01/17
DOWNGRADE
Target $175
LEHM
Equal Weight
L3 Technologies downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Carter Copeland downgraded L3 Technologies (LLL) to reflect a more neutral stance of Defense names. The stock is near the analyst's post-election, upwardly revised price target. Copeland believes defense stocks exited Q1 with "little prospect for upside while industrials look to accelerating upside." The analyst keeps a $175 price target for L3 shares. Copeland this morning also downgraded Harris (HRS) and Booz Allen (BAH) to Equal Weight.
05/01/17
05/01/17
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. Booz Allen (BAH), L3 Technologies (LLL), and Harris (HRS) downgraded to Equal Weight from Overweight at Barclays. 2. Synchrony (SYF) downgraded to Neutral from Conviction Buy at Goldman Sachs and to Equal Weight from Overweight at Stephens. 3. Regions Financial (RF) downgraded to Neutral from Outperform at Wedbush with analyst Peter Winter saying a number of the company's businesses are generating lower than expected revenue, while the bank could be hurt by pressure on Treasury yields. 4. Thomson Reuters (TRI) downgraded to Hold from Buy at Canaccord with analyst Aravinda Galappatthige citing valuation and maintained a $47 price target. 5. FirstEnergy (FE) downgraded to In Line from Outperform at Evercore ISI and to Neutral from Overweight at JPMorgan. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/28/17
FBCO
08/28/17
INITIATION
Target $144
FBCO
Outperform
Harris initiated with an Outperform at Credit Suisse
Credit Suisse analyst Robert Spingarn initiated Harris with a $144 price target saying it has transformed into a learner leading Tier 1/Tier 2 defense contractor following the exit from its low margin, non-core businesses and fixed other underperforming legacy Exelis contracts. The analyst believes Harris is well positioned as we enter a new multi year defense cycle with industry leading margins and free cash flow.

TODAY'S FREE FLY STORIES

JPM

JPMorgan

$97.99

0.37 (0.38%)

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VZ

Verizon

$48.65

0.25 (0.52%)

18:10
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Verizon targets spring start of delayed online TV service, Bloomberg says »

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STLD

Steel Dynamics

$36.44

0.27 (0.75%)

18:04
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    Oct

CE

Celanese

$104.03

-0.24 (-0.23%)

18:03
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Earnings
Celanese increases price for acetyls and engineered materials products »

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STLD

Steel Dynamics

$36.44

0.27 (0.75%)

18:01
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Earnings
Steel Dynamics reports Q3 ex-items EPS 66c, consensus 66c »

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  • 19

    Oct

OPTT

Ocean Power

$2.00

0.56 (38.89%)

17:59
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Syndicate
Ocean Power files to sell common stock in 'best efforts' offering »

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  • 20

    Oct

TOSBF

Toshiba, also use TOSYY

$3.02

-0.03 (-0.98%)

, TOSYY

Toshiba, also use TOSBF

$18.20

-0.11 (-0.60%)

17:58
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17:58
Periodicals
Japan regulators probing Toshiba reporting practices for FY16/17, Nikkei says »

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TOSBF

Toshiba, also use TOSYY

$3.02

-0.03 (-0.98%)

TOSYY

Toshiba, also use TOSBF

$18.20

-0.11 (-0.60%)

03/08/13
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PNW

Pinnacle West

$87.34

-0.42 (-0.48%)

17:53
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Pinnacle West raises quarterly divided 6.1% to 69.5c per share »

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GILD

Gilead

$80.01

-0.23 (-0.29%)

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POT

Potash

$19.24

0.08 (0.42%)

, AGU

Agrium

$107.73

0.55 (0.51%)

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Potash, Agrium: India approves proposed merger of equals transaction »

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POT

Potash

$19.24

0.08 (0.42%)

AGU

Agrium

$107.73

0.55 (0.51%)

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VMI

Valmont

$160.85

1.9 (1.20%)

17:36
10/18/17
10/18
17:36
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17:36
Earnings
Valmont lowers FY17 adjusted EPS view to $6.90-$7.04 from $7.06, consensus $7.09 »

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  • 19

    Oct

NVO

Novo Nordisk

$50.13

0.82 (1.66%)

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Novo Nordisk receives positive 16-0 vote from FDA Advisory Committe »

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  • 18

    Oct

CHFS

CHF Solutions

$8.30

-0.69 (-7.68%)

17:35
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17:35
Syndicate
Breaking Syndicate news story on CHF Solutions »

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  • 06

    Nov

VTGN

VistaGen Therapeutics

$1.31

0.04 (3.15%)

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Breaking Syndicate news story on VistaGen Therapeutics »

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LLNW

Limelight Networks

$4.48

0.12 (2.75%)

, URI

United Rentals

$144.32

0.98 (0.68%)

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LLNW

Limelight Networks

$4.48

0.12 (2.75%)

URI

United Rentals

$144.32

0.98 (0.68%)

KMI

Kinder Morgan

$18.58

-0.1 (-0.54%)

ADBE

Adobe

$153.00

2.62 (1.74%)

CNAT

Conatus

$5.15

0.05 (0.98%)

EBAY

eBay

$37.97

0.48 (1.28%)

HXL

Hexcel

$58.94

0.39 (0.67%)

CCI

Crown Castle

$100.96

-0.42 (-0.41%)

ESTE

Earthstone Energy

$10.54

-0.15 (-1.40%)

PEGI

Pattern Energy

RXDX

Ignyta

$16.25

1.9 (13.24%)

HCA

HCA Healthcare

$77.45

0.63 (0.82%)

KLAC

KLA-Tencor

$108.09

0.08 (0.07%)

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VMI

Valmont

$160.85

1.9 (1.20%)

17:31
10/18/17
10/18
17:31
10/18/17
17:31
Earnings
Valmont reports Q3 adjusted EPS $1.56, consensus $1.61 »

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AGEN

Agenus

$4.71

0.04 (0.86%)

17:31
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Syndicate
Breaking Syndicate news story on Agenus »

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  • 24

    Oct

PEGI

Pattern Energy

17:31
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Hot Stocks
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  • 19

    Oct

GE

General Electric

$23.12

-0.07 (-0.30%)

17:25
10/18/17
10/18
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17:25
Periodicals
General Electric CEO cutting expenses, employees, WSJ reports »

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  • 20

    Oct

UNB

Union Bankshares

$47.10

-0.8 (-1.67%)

17:20
10/18/17
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Hot Stocks
Union Bankshares sees Q418 charge of $3.2M on plan termination »

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OIS

Oil States

$23.75

-0.2 (-0.84%)

17:19
10/18/17
10/18
17:19
10/18/17
17:19
Earnings
Oil States lowers Q3 revenue view to $164M from $165M-$185M, consensus $177.77M »

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  • 27

    Oct

AXP

American Express

$92.08

0.39 (0.43%)

17:18
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American Express says on track to cut $1B in costs by end of the year »

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OIS

Oil States

$23.75

-0.2 (-0.84%)

17:16
10/18/17
10/18
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Hot Stocks
Breaking Hot Stocks news story on Oil States »

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  • 27

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AXP

American Express

$92.08

0.39 (0.43%)

17:08
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10/18
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Hot Stocks
American Express says 'right time' for leadership transition »

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    Nov

APRN

Blue Apron

$5.30

-0.08 (-1.49%)

17:06
10/18/17
10/18
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17:06
Hot Stocks
Blue Apron to cut roughly 6% of total workforce, inclur roughly $3.5M in expense »

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  • 02

    Nov

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