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GM

General Motors

$44.92

0.75 (1.70%)

, RACE

Ferrari

$111.70

-0.1 (-0.09%)

06:47
11/29/17
11/29
06:47
11/29/17
06:47

GM to start Corvette super car at $199,995, Reuters reports

General Motors (GM) is planning to start its 755-horsepower Corvette ZR1 super car at a price of $119,995 with a convertible version priced from $123,995, Reuters reports, citing global product development chief Mark Reuss. The car, which competes with Ferrari (RACE) in the high-performance sports car market, comes as GM is expected to highlight electric and self-driving vehicles at an investor conference.Reference Link

GM

General Motors

$44.92

0.75 (1.70%)

RACE

Ferrari

$111.70

-0.1 (-0.09%)

  • 30

    Nov

  • 09

    Jan

  • 16

    Jan

GM General Motors
$44.92

0.75 (1.70%)

11/17/17
DBAB
11/17/17
DOWNGRADE
Target $76
DBAB
Hold
CarMax downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Rod Lache downgraded CarMax (KMX) to Hold saying his acceleration in same store sales growth thesis has played out while comparisons become somewhat more challenging going forward. The analyst lowered his price target for the shares to $76 from $84. Lache recommends buying General Motors (GM), his top pick in U.S. Autos, heading into 2018.
11/20/17
GUGG
11/20/17
UPGRADE
GUGG
Buy
General Motors upgraded to Buy from Neutral at Guggenheim
11/20/17
11/20/17
UPGRADE
Target $52

Buy
General Motors upgraded to Buy ahead of autonomous event at Guggenheim
As previously reported, Guggenheim analyst Emmanuel Rosner upgraded General Motors to Buy from Neutral ahead of the company's "highly-anticipated" event focused on its vision for an autonomous future. GM CEO Mary Barra has said and repeated that GM's autonomous vehicles are "quarters away, not years," and he expects GM to showcase the advanced status of its technology during its November 30 event, Rosner tells investors. Capturing 5% share of the U.S. ride hailing market at 20% margin would generate $1.6B of operating income by 2025, which Rosner values today at $13B. He also has more comfort in GM's 2018 earnings outlook after the company's comments last week that the impact from its truck downtime would be significantly smaller than forecasted by IHS. Rosner raised his price target on GM shares to $52 from $48.
11/28/17
MSCO
11/28/17
NO CHANGE
Target $43
MSCO
Equal Weight
GM may have hard time exceeding autonomous expectations, says Morgan Stanley
Ahead of General Motors' autonomous car events on November 29 and 30, Morgan Stanley analyst Adam Jonas said the company may find it difficult to top the rising expectations for its leadership in this "hotly contested" area. Investor sentiment around GM "vastly exceeds" where it was earlier this year, both because the company has executed and the global light vehicle market has held up better than expected, but also because the company has changed the narrative of the company's future to one where it can exert leadership in key areas such as shared mobility, connected and electric cars and autonomous vehicles, Jonas tells investors. He thinks GM will give a timeline for deploying fully autonomous fleets in a service within quarters, not years, but also believes its autonomous driving efforts are more likely to be a modest drag on earnings than a benefit for some years to come. Jonas keeps an Equal Weight rating and $43 price target on GM shares.
RACE Ferrari
$111.70

-0.1 (-0.09%)

09/07/17
MSCO
09/07/17
DOWNGRADE
MSCO
Underweight
Ferrari downgraded to Underweight from Overweight at Morgan Stanley
09/07/17
09/07/17
DOWNGRADE
Target $100

Underweight
Ferrari double downgraded to Underweight at Morgan Stanley
As previously reported, Morgan Stanley analyst Adam Jonas downgraded Ferrari by two notches, to Underweight from Overweight, noting he has valuation concerns following the stock's near doubling in share price in 2017. The analyst, who thinks the market may not be fully appreciating the emerging competitive threats to its McLaren, Aston Martin and Lamborghini brands, has a $100 price target on Ferrari shares, which closed yesterday at $116.85.
09/13/17
GSCO
09/13/17
INITIATION
GSCO
Neutral
Ferrari initiated with a Neutral at Goldman Sachs
Goldman analyst Stefan Burgstaller saying he is bullish on fundamentals, but following the strong run in shares, sees more upside elsewhere in the group.
09/14/17
09/14/17
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. Berkshire Hathaway (BRK.A, BRK.B) initiated with an Overweight at JPMorgan. 2. BCB Bancorp (BCBP) was initiated with a Buy at DA Davidson and an Outperform at Keefe Bruyette. 3. Koppers Holdings (KOP) reinstated with an Outperform at Barrington. 4. Ferrari (RACE) initiated with a Neutral at Goldman Sachs. 5. Conduent (CNDT) initiated with a Hold at Needham. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

CAR

Avis Budget

$41.16

0.6 (1.48%)

09:06
12/12/17
12/12
09:06
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09:06
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Avis Budget and Continental team up to enable KaaS technology »

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  • 14

    Dec

INFY

Infosys

$15.86

0.18 (1.15%)

09:06
12/12/17
12/12
09:06
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09:06
Hot Stocks
Infosys BPO announces partnership with Tradeshift »

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DRI

Darden

$86.55

0.14 (0.16%)

09:05
12/12/17
12/12
09:05
12/12/17
09:05
Recommendations
Darden analyst commentary  »

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  • 19

    Dec

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MAT

Mattel

$15.37

0.33 (2.19%)

09:05
12/12/17
12/12
09:05
12/12/17
09:05
Technical Analysis
Technical View: Mattel falls, levels to watch »

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MCHX

Marchex

$3.19

0.01 (0.31%)

09:05
12/12/17
12/12
09:05
12/12/17
09:05
Hot Stocks
Marchex announces special 50c cash dividend for common stock »

Marchex announced that…

03/08/13
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UTX

United Technologies

$123.30

0.49 (0.40%)

09:04
12/12/17
12/12
09:04
12/12/17
09:04
Hot Stocks
Pratt & Whitney signs 12-year EngineWise Fleet Management pact with S7 Airlines »

Pratt & Whitney, a…

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INVH

Invitation Homes

$23.67

0.02 (0.08%)

09:04
12/12/17
12/12
09:04
12/12/17
09:04
Initiation
Invitation Homes initiated  »

Invitation Homes…

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KR

Kroger

$26.58

-0.1 (-0.37%)

09:04
12/12/17
12/12
09:04
12/12/17
09:04
Hot Stocks
Kroger teams up with Chase Pay to offer mobile payments »

The Kroger is teaming up…

03/08/13
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P

Pandora

$5.03

0.13 (2.65%)

, GPS

Gap

$33.60

0.11 (0.33%)

09:03
12/12/17
12/12
09:03
12/12/17
09:03
Hot Stocks
Pandora names Aimee Lapic as Chief Marketing Officer, effective December 13 »

Pandora (P) announced…

P

Pandora

$5.03

0.13 (2.65%)

GPS

Gap

$33.60

0.11 (0.33%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 18

    Mar

ALLY

Ally Financial

$28.77

0.12 (0.42%)

09:02
12/12/17
12/12
09:02
12/12/17
09:02
Hot Stocks
Ally Financial appoints Jenn LaClair as CFO designate »

Ally Financial announced…

03/08/13
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  • 08

    May

ACER

Acer Therapeutics

$14.15

-0.42 (-2.88%)

09:02
12/12/17
12/12
09:02
12/12/17
09:02
Syndicate
Acer Therapeutics 917K share Spot Secondary priced at $12.00 »

The deal size was…

03/08/13
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  • 12

    Dec

ACM

Aecom

$38.51

-0.06 (-0.16%)

09:02
12/12/17
12/12
09:02
12/12/17
09:02
Hot Stocks
Aecom raises five-year adjusted EPS growth forecast to 12%-15% »

AECOM will hold its…

03/08/13
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03/06/13
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03/06/13
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  • 12

    Dec

OAS

Oasis Petroleum

09:00
12/12/17
12/12
09:00
12/12/17
09:00
Syndicate
Oasis Petroleum 32M share Spot Secondary priced at $9.55 »

The deal range was…

03/08/13
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  • 12

    Dec

PRSC

Providence Service

$58.26

0.08 (0.14%)

09:00
12/12/17
12/12
09:00
12/12/17
09:00
Syndicate
Providence Service 320K share Block Trade priced at $56.75 »

Jefferies acted as sole…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 12

    Dec

DXTR

Dextera Surgical

$0.14

-0.003 (-2.14%)

09:00
12/12/17
12/12
09:00
12/12/17
09:00
Hot Stocks
Breaking Hot Stocks news story on Dextera Surgical »

Dextera Surgical trading…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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GKOS

Glaukos

$24.85

-1.11 (-4.28%)

08:59
12/12/17
12/12
08:59
12/12/17
08:59
Recommendations
Glaukos analyst commentary  »

Reimbursement remains…

03/08/13
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03/06/13
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GLYC

GlycoMimetics

$14.32

-0.65 (-4.34%)

08:57
12/12/17
12/12
08:57
12/12/17
08:57
Recommendations
GlycoMimetics analyst commentary  »

GlycoMimetics price…

03/08/13
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03/08/13
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  • 19

    Dec

08:56
12/12/17
12/12
08:56
12/12/17
08:56
General news
Redbook Store Sales data reported »

Week of 12/9 Redbook…

BAC

Bank of America

$28.94

-0.11 (-0.38%)

, T

AT&T

$36.90

0.17 (0.46%)

08:55
12/12/17
12/12
08:55
12/12/17
08:55
Options
Notable open interest changes for December 12th »

Monday's total…

BAC

Bank of America

$28.94

-0.11 (-0.38%)

T

AT&T

$36.90

0.17 (0.46%)

AAPL

Apple

$172.67

3.3 (1.95%)

MU

Micron

$43.01

-0.2 (-0.46%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 19

    Dec

  • 09

    Jan

08:55
12/12/17
12/12
08:55
12/12/17
08:55
General news
Treasury Action: yields extended their rise »

Treasury Action: yields…

HI

Hillenbrand

$45.10

-0.45 (-0.99%)

08:55
12/12/17
12/12
08:55
12/12/17
08:55
Conference/Events
Hillenbrand to host investor day »

Investor Day to be held…

03/08/13
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  • 12

    Dec

ARGX

Argenx

$54.47

24.02 (78.88%)

08:54
12/12/17
12/12
08:54
12/12/17
08:54
Technical Analysis
Technical View: Argenx falls after filing to sell $150M in ADSs »

In premarket trading the…

03/08/13
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URBN

Urban Outfitters

$32.27

-0.82 (-2.48%)

08:53
12/12/17
12/12
08:53
12/12/17
08:53
Recommendations
Urban Outfitters analyst commentary  »

Urban Outfitters price…

03/08/13
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  • 08

    Jan

H

Hyatt

$71.90

-0.39 (-0.54%)

08:53
12/12/17
12/12
08:53
12/12/17
08:53
Syndicate
Hyatt 2.7M share Block Trade priced at $71.00 »

The deal priced at the…

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  • 25

    Mar

  • 12

    Dec

AGN

Allergan

$172.76

4.96 (2.96%)

08:53
12/12/17
12/12
08:53
12/12/17
08:53
Hot Stocks
Allergan receives FDA clearance for CoolSculpting treatment »

Allergan announced that…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 25

    Mar

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