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PH

Parker-Hannifin

$199.25

-0.44 (-0.22%)

, BA

Boeing

$295.10

0.07 (0.02%)

05:15
12/26/17
12/26
05:15
12/26/17
05:15

Parker-Hannifin wins contract for Emirates' 777X hydraulic pumps

Parker Aerospace, a business segment of Parker Hannifin (PH), announced a pump call-out agreement with Emirates for its 777X aircraft. Emirates is the launch customer of the new Boeing (BA) aircraft with an order book of 150 777X. Parker will provide the hydraulic engine-driven pump and AC motor pump on the fleet of 777X wide-body airplanes. Emirates, currently the largest operator of the Boeing 777 aircraft, expects to take delivery of the first 777X in 2020.

PH

Parker-Hannifin

$199.25

-0.44 (-0.22%)

BA

Boeing

$295.10

0.07 (0.02%)

  • 31

    Jan

  • 21

    Feb

PH Parker-Hannifin
$199.25

-0.44 (-0.22%)

11/20/17
DBAB
11/20/17
NO CHANGE
Target $200
DBAB
Buy
Parker-Hannifin price target raised to $200 from $187 at Deutsche Bank
Deutsche Bank analyst John Inch raised his price target for Parker-Hannifin (PH) to $200 to reflect higher sales growth assumptions. The analyst sees "strong" Industrial segment organic sales and order growth in Q1 and upped his fiscal 2018 earnings per share estimate to $9.50 from $9.00 and fiscal 2019 estimate to $10.50 from $10.10. He continues to favor Parker-Hannifin over Eaton (ETN) and keeps a Buy rating on the shares.
10/17/17
BUCK
10/17/17
INITIATION
Target $205
BUCK
Buy
Parker-Hannifin initiated with a Buy at Buckingham
Buckingham initiated Parker-Hannifin with a Buy and $205 price target telling investors risk/reward is attractive based on mid-single digit organic sales growth combined with favorable global PMI data, internal margin initiatives, and CLARCOR synergies to drive double-digit earnings growth over the next two years.
10/02/17
10/02/17
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. PepsiCo (PEP) downgraded to Hold from Buy at Jefferies with analyst Kevin Grundy saying North American beverage trends continue to deteriorate and Pepsi's likely need for reinvestment should "cap the stock" over the next 12 months. 2. Western Digital (WDC) downgraded to Neutral from Outperform at Baird with analyst Tristan Gerra saying he believes the potential outcomes from the company's ongoing litigation with Toshiba (TOSYY) "range from neutral to significantly negative" and the ongoing fight will cap the stock's valuation in the near-term. 3. Uniti Group (UNIT) downgraded to Neutral from Overweight at JPMorgan with analyst Philip Cusick saying the "theme of Windstream's (WIN) distress continues to increase in volume." 4. Parker-Hannifin (PH) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Nigel Coe saying he sees a more balanced risk-reward following the stock's strong outperformance since the election. 5. bluebird bio (BLUE) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Matthew Harrison saying he believes the risks ahead of the company's presentation of LentiGlobin sickle cell data at December's American Society of Hematology meeting remains underappreciated. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/02/17
10/02/17
DOWNGRADE
Target $188

Equal Weight
Parker-Hannifin downgraded after post-election outperformance at Morgan Stanley
As previously reported, Morgan Stanley analyst Nigel Coe downgraded Parker-Hannifin (PH) to Equal Weight from Overweight, as he sees a more balanced risk-reward following the stock's strong outperformance since the election. Coe no longer sees room for Parker-Hannifin to expand its relative premium versus the broader Electrical Equipment and Multi-Industry sector at this point in the cycle, he tells investors. Coe raised his price target on Parker shares to $188 from $187. The analyst also upgraded Stanley Black & Decker (SWK) to Overweight from Equal Weight this morning.
BA Boeing
$295.10

0.07 (0.02%)

12/22/17
JEFF
12/22/17
NO CHANGE
Target $312
JEFF
Buy
Jefferies sees possible Embraer deal modestly accretive to Boeing
Jefferies analyst Sheila Kahyaoglu estimates an acquisition of Embraer (ERJ), done at a 40% premium, would be 2%, or 20c, accretive to Boeing's (BA) core earnings per share in 2020. While the transaction would be strategically beneficial for Boeing's commercial aircraft and services portfolio, it is not clear what restrictions the Brazilian government would place on any combination, Kahyaoglu tells investors in a research note. She has a Buy rating on Boeing with a $312 price target.
12/21/17
WELS
12/21/17
NO CHANGE
WELS
A Boeing acquisition of Embraer would be negative for Textron, says Wells Fargo
12/12/17
BOFA
12/12/17
NO CHANGE
Target $320
BOFA
Buy
Boeing price target raised to $320 from $290 at BofA/Merrill
BofA/Merrill analyst Ronald Epstein said Boeing's 20% quarterly dividend increase was above his expectations of a 10% increase and the new $18B repurchase plan was in line with his forecast. Epstein believes Boeing's ability to deploy capital in the form of buybacks and dividends and extract cash from the business outweigh long-term cyclical headwinds. The analyst raised his price target to $320 from $290 and reiterates a Buy rating on Boeing shares.
12/12/17
WELS
12/12/17
NO CHANGE
Target $290
WELS
Market Perform
Boeing price target raised to $290 from $270 at Wells Fargo
Wells Fargo analyst Sam Pearlstein raised his price target for Boeing to $290 from $270 after the company announced a 20.4% dividend increase and an $18B share buyback authorization that replaces the prior authorization. The analyst reiterates a Market Perform rating on the shares.

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MET

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CVE

Cenovus Energy

$10.43

0.04 (0.38%)

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UTX

United Technologies

$135.52

0.31 (0.23%)

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AGN

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12:25
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  • 25

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12:25
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Leerink healthcare services analysts hold an analyst/industry conference call »

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VZ

Verizon

$53.23

-0.235 (-0.44%)

12:22
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  • 23

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CHFN

Charter Financial

$18.13

-0.12 (-0.66%)

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FOX

21st Century Fox

$36.96

0.7 (1.93%)

, FOXA

21st Century Fox

$37.31

0.66 (1.80%)

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$36.96

0.7 (1.93%)

FOXA

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$37.31

0.66 (1.80%)

SKYAY

Sky

$55.97

0.72 (1.30%)

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  • 07

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$NSD

NASDAQ Market Internals

12:17
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NFLX

Netflix

$227.58

7.12 (3.23%)

, AMZN

Amazon.com

$1,327.31

32.73 (2.53%)

12:16
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$227.58

7.12 (3.23%)

AMZN

Amazon.com

$1,327.31

32.73 (2.53%)

03/08/13
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  • 30

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  • 18

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$NYE

NYSE Market Internals

12:16
01/23/18
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NYSE market internals summary »

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HPE

HP Enterprise

$16.46

0.41 (2.55%)

12:15
01/23/18
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Options
Hewlett Packard Enterprise put volume heavy and directionally bearish »

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  • 01

    Feb

NFLX

Netflix

$227.58

7.12 (3.23%)

, TRV

Travelers

$145.27

5.92 (4.25%)

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$227.58

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$53.31

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$143.58

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PG

Procter & Gamble

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TSLA

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RMD

ResMed

$103.82

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WHR

Whirlpool

$171.12

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TWTR

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UAL

United Continental

$76.96

0.09 (0.12%)

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  • 23

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RHHBY

Roche

$30.79

0.1 (0.33%)

12:05
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  • 01

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SQ

Square

$44.69

-0.6 (-1.32%)

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  • 26

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ATVI

Activision Blizzard

$71.30

0.73 (1.03%)

12:04
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  • 08

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MDCO

The Medicines Co.

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  • 23

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TRNC

tronc

$21.00

1.47 (7.53%)

12:01
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  • 29

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CREE

Cree

$36.69

0.4 (1.10%)

11:59
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  • 23

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ARNA

Arena Pharmaceuticals

$35.89

0.29 (0.81%)

11:58
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ULTA

Ulta Beauty

$235.01

-9.12 (-3.74%)

11:57
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Ulta Beauty analyst commentary  »

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SCG

Scana

$43.80

0.44 (1.01%)

11:55
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SCANA put volume heavy and directionally bearish »

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