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F

Ford

$12.55

0.165 (1.33%)

11:51
12/07/17
12/07
11:51
12/07/17
11:51

Ford to start self-driving car tests in 2018, Reuters reports

Ford plans to start testing its latest self-driving vehicle technology next year in at least one city but has not altered its plan to initiate commercial production until 2021, Reuters reports. The car maker said it would test self-driving prototypes in various pilot programs with partners such as Lyft, though the company has still not decided whether to operate its own on-demand transportation service, the report notes. Reference Link

  • 09

    Jan

  • 16

    Jan

F Ford
$12.55

0.165 (1.33%)

10/13/17
10/13/17
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. Ford (F) downgraded to Equal Weight from Overweight at Barclays with analyst Brian Johnson saying the company is starting "substantially behind" General Motors (GM) in current North America margins, and behind both GM and Tesla (TSLA) in its positioning for the "megatrends and disruptive mobility." 2. HP Enterprise (HPE) downgraded to Neutral from Buy at Citi with analyst Jim Suva saying fundamentals in the company's core enterprise group remain challenging, and accelerated restructuring payments will pressure core fee cash flow in fiscal year 2018. 3. XL Group (XL) downgraded to Sell from Hold at Deutsche Bank with analyst Joshua Shanker saying the company may be underestimating the impact of third quarter catastrophes, which creates downside risk to consensus estimates. 4. HubSpot (HUBS) downgraded to Sector Weight from Overweight at KeyBanc with analyst Brent Bracelin saying the risk/reward looks balanced with the shares up 82% year-to-date. 5. Hostess Brands (TWNK) downgraded to Sell from Neutral at UBS with analyst Steven Strycula saying slowing category trends, market share loss in its Sweet Baked Goods unit and recent management turnover create an unfavorable setup. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/16/17
RBCM
10/16/17
DOWNGRADE
Target $13
RBCM
Sector Perform
Ford downgraded to Sector Perform from Outperform at RBC Capital
RBC Capital analyst Joseph Spak downgraded Ford to Sector Perform from Outperform, saying he believes new CEO Jim Hackett has a solid long-term vision but it is very early in the turnaround and he thinks it will take time for change to come. Consensus 2018 numbers look high, said Spak, who keeps a $13 price target on Ford shares.
10/30/17
GSCO
10/30/17
DOWNGRADE
GSCO
Sell
Goldman sees 28% downside in GM, downgrades shares to Sell
Goldman Sachs analyst David Tamberrino downgraded General Motors (GM) to Sell from Neutral saying his price target of $32 offers 28% potential downside. The analyst continues to believe the North America auto cycle has peaked and he remains cautious on the sector. He sees "outsized downside" to shares of GM and expects a negative earnings inflection in 2018. Ford's (F) recently refreshed F-Series leaves GM vulnerable to share loss in 2018, Tamberrino tells investors in a research note. The analyst views Ford shares as more fairly valued. He keeps a Neutral rating on the name while upping his target for the shares to $13 from $10.
10/31/17
MSCO
10/31/17
NO CHANGE
Target $10
MSCO
Underweight
Ford bull case view raised despite 'significant headwinds' at Morgan Stanley
Morgan Stanley analyst Adam Jonas raised his 2017 EPS estimate for Ford to near the midpoint of the company's guidance following its Q3 report and slightly increased his price target on the stock to $10 from $9. While he keeps an Underweight rating on Ford, stating that the headwinds it faces are significant, he also sees the "scope for an equally significant response" and raised his bull case to $25 from $18 given a sum-of-the-parts analysis under which he values Ford's truck business, including the F-series and others, at nearly $20 per share, Ford Europe, S. America and Asia Pacific at "slightly less than zero" and "Ford Future" at $3B, or 74c per Ford share.

TODAY'S FREE FLY STORIES

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08/16/18
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General news
Asian Market Wrap: »

Asian Market Wrap:…

AVLR

Avalara

$34.68

-1.375 (-3.81%)

23:51
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Upgrade
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XLNX

Xilinx

$70.61

-0.56 (-0.79%)

23:22
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IVC

Invacare

$16.50

0.15 (0.92%)

21:30
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Downgrade
Invacare rating change at KeyBanc »

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  • 12

    Sep

PRO

Pros Holdings

$35.39

-1.91 (-5.12%)

20:39
08/15/18
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20:39
Syndicate
Pros Holdings 3.8M share Secondary priced at $34.00 »

It appears selling…

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  • 20

    Aug

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  • 06

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  • 07

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  • 16

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IIN

IntriCon

$63.85

-4.9 (-7.13%)

20:34
08/15/18
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20:34
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20:34
Syndicate
IntriCon 1.5M share Secondary priced at $55.00 »

Stifel acted as sole book…

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  • 06

    Sep

  • 16

    Aug

ADUS

Addus HomeCare

$59.35

-3.1 (-4.96%)

20:33
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20:33
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20:33
Syndicate
Addus HomeCare 2.1M share Secondary priced at $59.00 »

Jefferies, RBC Capital…

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  • 16

    Aug

LABL

Multi-Color

$63.90

-1 (-1.54%)

20:32
08/15/18
08/15
20:32
08/15/18
20:32
Downgrade
Multi-Color rating change at KeyBanc »

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WMT

Walmart

$90.24

-0.565 (-0.62%)

, JCP

J.C. Penney

$2.40

-0.24 (-9.09%)

20:25
08/15/18
08/15
20:25
08/15/18
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

WMT

Walmart

$90.24

-0.565 (-0.62%)

JCP

J.C. Penney

$2.40

-0.24 (-9.09%)

03/08/13
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03/06/13
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03/06/13
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  • 16

    Aug

  • 16

    Aug

WUBA

58.com

$58.59

-3.27 (-5.29%)

19:09
08/15/18
08/15
19:09
08/15/18
19:09
Hot Stocks
Breaking Hot Stocks news story on 58.com »

58.com sees Q3 revenue…

03/08/13
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  • 16

    Aug

  • 10

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WUBA

58.com

$58.59

-3.27 (-5.29%)

19:08
08/15/18
08/15
19:08
08/15/18
19:08
Earnings
58.com reports Q2 adjusted earnings per ADS 82c, consensus 68c »

Reports Q2 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
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  • 16

    Aug

  • 10

    Sep

WAIR

Wesco Aircraft

$13.65

-0.3 (-2.15%)

19:07
08/15/18
08/15
19:07
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19:07
Initiation
Wesco Aircraft initiated at UBS »

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TGI

Triumph Group

$21.10

-0.9 (-4.09%)

19:07
08/15/18
08/15
19:07
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19:07
Initiation
Triumph Group initiated at UBS »

Triumph Group initiated…

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HXL

Hexcel

$68.40

-1.13 (-1.63%)

19:06
08/15/18
08/15
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19:06
Initiation
Hexcel initiated at UBS »

Hexcel initiated with a…

03/08/13
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  • 06

    Nov

ERJ

Embraer

$18.64

-0.495 (-2.59%)

19:05
08/15/18
08/15
19:05
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19:05
Initiation
Embraer initiated at UBS »

Embraer initiated with a…

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CW

Curtiss-Wright

$130.92

-2.42 (-1.81%)

19:04
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19:04
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19:04
Initiation
Curtiss-Wright initiated at UBS »

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LLL

L3 Technologies

$208.08

-1.73 (-0.82%)

19:03
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Initiation
L3 Technologies initiated at UBS »

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GD

General Dynamics

$192.29

-1.33 (-0.69%)

19:03
08/15/18
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Initiation
General Dynamics initiated at UBS »

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BDRBF

Bombardier

$0.00

(0.00%)

19:02
08/15/18
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19:02
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19:02
Initiation
Bombardier initiated at UBS »

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HEI

Heico

$76.50

-1.81 (-2.31%)

19:00
08/15/18
08/15
19:00
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19:00
Initiation
Heico initiated at UBS »

Heico initiated with a…

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  • 28

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  • 13

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  • 06

    Nov

HRS

Harris

$162.73

-2.15 (-1.30%)

18:59
08/15/18
08/15
18:59
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18:59
Initiation
Harris initiated at UBS »

Harris initiated with a…

03/08/13
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NOC

Northrop Grumman

$291.52

-2.35 (-0.80%)

18:59
08/15/18
08/15
18:59
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18:59
Initiation
Northrop Grumman initiated at UBS »

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PNC

PNC Financial

$142.03

-0.7 (-0.49%)

, WFC

Wells Fargo

$57.99

-0.08 (-0.14%)

18:57
08/15/18
08/15
18:57
08/15/18
18:57
Periodicals
PNC faces subpoenas over low-income housing tax credits, Bloomberg says »

PNC Financial (PNC) has…

PNC

PNC Financial

$142.03

-0.7 (-0.49%)

WFC

Wells Fargo

$57.99

-0.08 (-0.14%)

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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  • 12

    Oct

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    Apr

  • 13

    Jul

  • 15

    Oct

UTX

United Technologies

$131.75

-0.65 (-0.49%)

18:57
08/15/18
08/15
18:57
08/15/18
18:57
Initiation
United Technologies initiated at UBS »

United Technologies…

03/08/13
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03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 17

    Aug

B

Barnes Group

$65.59

-0.26 (-0.39%)

18:56
08/15/18
08/15
18:56
08/15/18
18:56
Initiation
Barnes Group initiated at UBS »

Barnes Group initiated…

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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