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GM

General Motors

$43.87

-0.32 (-0.72%)

14:53
01/12/18
01/12
14:53
01/12/18
14:53

GM removes steering wheel, pedals for self-driving Bolt, L.A. Times reports

General Motors plans to remove the steering wheel and pedals from its self-driving Chevrolet Bolt, giving total control to the machine, the Los Angeles Times reports. When the company begins testing its autonomous electric sedan in San Francisco, it'll likely be the first production-ready vehicle on the roads without the tools to allow a human to take control, the report says. The car maker plans to run the cars in a test batch for a ride-sharing program beginning in 2019, the report says. Reference Link

  • 16

    Jan

  • 06

    Feb

GM General Motors
$43.87

-0.32 (-0.72%)

12/19/17
RBCM
12/19/17
UPGRADE
Target $52
RBCM
Outperform
General Motors upgraded to Outperform at RBC Capital on downturn resiliency
As reported earlier, RBC analyst Joseph Spak upgraded Generat Motors to Outperform from Sector Perform and nudged his price target to $52 from $51. Spak cites "increased confidence on downturn resiliency" in 2018, noting that while he anticipates a decline in fullsize pickup truck sales, he does not see "GMNA profitability to be down as much as previously forecast". The analyst models FY18 EPS of $6.30, about 9% above consensus view.
12/19/17
12/19/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. General Motors (GM) upgraded to Outperform from Sector Perform at RBC Capital with analyst Joseph Spak citing "increased confidence on downturn resiliency" in 2018, noting that while he anticipates a decline in fullsize pickup truck sales, he does not see "GMNA profitability to be down as much as previously forecast". 2. Walmart (WMT) upgraded to Buy from Neutral at Citi with analyst Kate McShane saying the stock has "more room to run" in 2018. 3. Ulta Beauty (ULTA) upgraded to Buy from Neutral at Buckingham with the firm saying they recommend adding to positions given "extremely" attractive valuation and better flow through profitability that will deliver 20%+ earnings growth over the next two years or more. 4. Cabot (CBT) upgraded to Buy from Hold at SunTrust with analyst James Sheehan saying the improving global supply/demand fundamentals, along with tighter emissions controls in China, warrant the rating change. 5. Altria Group (MO) upgraded to Buy from Hold at Berenberg with analyst Jonathan Leinster saying he assumes that the company's headline tax rate will decline from historical levels of 35-36% to 21-22% due to the Republicans' proposed U.S. corporate tax changes. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/28/17
MSCO
12/28/17
NO CHANGE
MSCO
January to be busy for Autos and Shared Mobility names, says Morgan Stanley
Morgan Stanley analyst Adam Jonas previewed the January calendar for the Autos and Shared Mobility sector, noting that the Vegas CES takes place in the second week and the Detroit Auto Show occurs in the third week of next month. Judging from last year's shows and press releases in recent weeks, he expects "the vast majority" of prepared presentations will focus on autonomous driving, electric propulsion and new business models as companies seek to encourage recognition and valuation of "Auto 2.0 efforts" in the multiples of their stocks, he tells investors. Automakers covered by the firm include Fiat Chrysler (FCAU), Tesla (TSLA), General Motors (GM), Ferrari (RACE) and Ford (F). Auto suppliers covered include Magna (MGA), Goodyear Tire (GT), Adient (ADNT), Delphi Technologies (DLPH), Visteon (VC), BorgWarner (BWA), Aptiv (APTV) and Tenneco (TEN).
01/08/18
MSCO
01/08/18
NO CHANGE
MSCO
Equal Weight
Morgan Stanley says Cadillac, worth $13B to GM, can't be ignored for long
General Motors does not disclose profitability by brand, but Morgan Stanley analyst Adam Jonas believes Cadillac is probably larger and more profitable than recognized by most investors, he stated in a new note. The analyst, who values Cadillac at about $13B, or roughly $9 per GM share, believes this value cannot be ignored for long and he sees room for GM's current efforts to improve financial and strategic transparency for the brand to gain momentum. Jonas keeps an Equal Weight rating on GM shares.

TODAY'S FREE FLY STORIES

CEMI

Chembio Diagnostics

$8.70

-0.1 (-1.14%)

08:03
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Chembio Diagnostics to commercialize disease tests in Brazil »

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  • 29

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FHB

First Hawaiian

$28.94

0.07 (0.24%)

08:03
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First Hawaiian management to meet with Deutsche Bank »

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  • 24

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08:02
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Conference/Events
Jefferies to hold a conference »

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MYO

Myomo

$3.28

-0.02 (-0.61%)

08:02
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Myomo announces MyoPro availability in 16 new U.S. locations »

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SKY

Skyline

$29.22

-0.56 (-1.88%)

08:01
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BX

Blackstone

$31.79

-0.08 (-0.25%)

08:01
05/24/18
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08:01
Conference/Events
Detroit Economic Club to hold a luncheon »

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  • 24

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WHR

Whirlpool

$164.63

0.3 (0.18%)

08:01
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Hot Stocks
Whirlpool announces preliminary results of modified Dutch auction tender offer »

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  • 05

    Jun

HFC

HollyFrontier

$73.67

0.75 (1.03%)

08:00
05/24/18
05/24
08:00
05/24/18
08:00
Recommendations
HollyFrontier analyst commentary  »

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JD

JD.com

$36.72

0.35 (0.96%)

08:00
05/24/18
05/24
08:00
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08:00
Options
JD.com call buyer realizes 1% same-day gains »

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UNP

Union Pacific

$144.26

1.36 (0.95%)

07:59
05/24/18
05/24
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07:59
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Union Pacific initiated  »

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  • 13

    Jun

NCR

NCR Corp.

$30.75

-0.4 (-1.28%)

07:58
05/24/18
05/24
07:58
05/24/18
07:58
Recommendations
NCR Corp. analyst commentary  »

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07:55
05/24/18
05/24
07:55
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07:55
Conference/Events
Federal Reserve Bank of Philadelphia President speaks at a conference »

Philadelphia Federal…

MCRB

Seres Therapeutics

$8.12

0.16 (2.01%)

07:55
05/24/18
05/24
07:55
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07:55
Conference/Events
Seres Therapeutics to hold a research and development day »

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  • 24

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  • 02

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OKTA

Okta

$49.49

0.99 (2.04%)

07:52
05/24/18
05/24
07:52
05/24/18
07:52
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Okta analyst commentary  »

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  • 24

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  • 12

    Jun

INTU

Intuit

$196.15

5.74 (3.01%)

07:51
05/24/18
05/24
07:51
05/24/18
07:51
Recommendations
Intuit analyst commentary  »

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  • 12

    Jun

CIT

CIT Group

$55.27

-0.06 (-0.11%)

07:51
05/24/18
05/24
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07:51
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CIT Group announces preliminary results of cash tender offer for common stock »

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EDU

New Oriental Education

$101.38

4.82 (4.99%)

07:50
05/24/18
05/24
07:50
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07:50
Downgrade
New Oriental Education rating change  »

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  • 10

    Sep

TAL

TAL Education

$43.74

1.11 (2.60%)

07:50
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07:50
Upgrade
TAL Education rating change  »

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07:48
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Conference/Events
Federal Reserve Bank of Atlanta president delivers opening remarks at conference »

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DRI

Darden

$85.72

-0.23 (-0.27%)

07:47
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  • 10

    Jul

PBR

Petrobras

$15.10

-0.6 (-3.82%)

07:46
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07:46
Downgrade
Petrobras rating change  »

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PBR

Petrobras

$15.10

-0.6 (-3.82%)

07:46
05/24/18
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07:46
Technical Analysis
Technical Take: Petrobras falls on diesel price cuts, regulator scrutiny »

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PRPO

Precipio

$0.50

0.0143 (2.94%)

07:44
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Precipio receives first order for liquid biopsy DNA enrichment sales in Europe »

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QURE

uniQure

$32.87

0.56 (1.73%)

07:44
05/24/18
05/24
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07:44
Initiation
uniQure initiated  »

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