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IMO

Imperial Oil

$27.51

-0.23 (-0.83%)

14:42
02/15/18
02/15
14:42
02/15/18
14:42

Imperial Oil notifies Transport Canada of potential aviation fuel quality issue

Imperial Oil announced it has notified regulators and customers of a potential fuel quality issue in aviation gasoline shipped from Strathcona refinery since Dec. 28, 2017. The primary concern is that the product quality issue may cause interference with on-board fuel gauge sensors of aircraft using avgas. All shipments of the avgas from Strathcona refinery were promptly stopped as soon as the company became aware of the issue on Feb. 13, 2018. Imperial has also requested that all distributors cease distribution of the product. At this time, Imperial is not aware of any reported safety issues related to the fuel. Aircraft that use jet fuel, also known in the industry as "Jet A," are not impacted by this potential fuel quality concern. "We regret this inconvenience and will continue to provide information as the situation evolves. An investigation into the cause of the issue is ongoing," said Jon Wetmore, Vice-President Imperial Downstream.

IMO Imperial Oil
$27.51

-0.23 (-0.83%)

09/14/17
09/14/17
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. Hertz (HTZ) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Adam Jonas citing the doubling of shares over the last three months and raised its price target to $14 from $12. 2. New Oriental Education (EDU) downgraded to Underweight from Neutral at JPMorgan with analyst Leon Chik saying the downgrade is "purely a valuation call." 3. McKesson (MCK) and AmerisourceBergen (ABC) were downgraded to Equal Weight from Overweight at Morgan Stanley. 4. Apache (APA) and Imperial Oil (IMO) were downgraded to Underweight from Neutral at JPMorgan, while Hess Corp. (HES) was downgraded to Neutral from Overweight. 5. Ryanair (RYAAY) downgraded to Reduce from Hold at HSBC with analyst Andrew Lobbenberg citing the ECJ ruling against the company's practice of employing flight crew on Irish labor contracts. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/02/17
LEHM
11/02/17
DOWNGRADE
LEHM
Underweight
Imperial Oil downgraded to Underweight from Overweight at Barclays
Barclays analyst Paul Cheng double downgraded Imperial Oil to Underweight from Overweight and lowered his price target for the shares to C$38 from C$44. The company's reduced free cash flow yield makes a premium multiple compared to other Canadian major oil companies hard to justify, the analyst contends.
01/08/18
TUDR
01/08/18
UPGRADE
TUDR
Hold
Imperial Oil upgraded to Hold from Trim at Tudor Pickering
01/31/18
RBCM
01/31/18
UPGRADE
RBCM
Sector Perform
Imperial Oil upgraded to Sector Perform from Underperform at RBC Capital

TODAY'S FREE FLY STORIES

COST

Costco

$226.41

-1.41 (-0.62%)

07:05
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07:05
12/14/18
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General news
Futures lower after underwhelming Chinese data »

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LPTX

Leap Therapeutics

$2.85

-0.27 (-8.65%)

07:04
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Leap Therapeutics presents final data from the Phase I/II study of DKN-01 »

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CIEN

Ciena

$34.90

2.765 (8.60%)

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LPTX

Leap Therapeutics

$2.85

-0.27 (-8.65%)

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Leap Therapeutics presents TRX518 data at ESMO »

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TTD

Trade Desk

$139.16

-4.28 (-2.98%)

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BCEI

Bonanza Creek

$25.01

-0.26 (-1.03%)

07:02
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Initiation
Bonanza Creek initiated  »

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SBUX

Starbucks

$66.90

0.8 (1.21%)

07:00
12/14/18
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07:00
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07:00
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Starbucks analyst commentary  »

Starbucks can sustain…

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  • 14

    Dec

07:00
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General news
FX Update: The dollar has traded firmer »

FX Update: The dollar has…

TCBI

Texas Capital

$53.03

-2.42 (-4.36%)

06:57
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06:57
Initiation
Texas Capital initiated  »

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  • 23

    Jan

  • 29

    Jan

GCO

Genesco

$42.10

-2.39 (-5.37%)

06:57
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Hot Stocks
Genesco increases stock repurchase program to $125M »

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KAMN

Kaman

$56.89

-0.18 (-0.32%)

06:55
12/14/18
12/14
06:55
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06:55
Downgrade
Kaman rating change  »

Kaman downgraded to…

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GCO

Genesco

$42.10

-2.39 (-5.37%)

06:55
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Hot Stocks
Genesco to sell Lids Sports Group for $100M to FanzzLids Holdings »

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06:55
12/14/18
12/14
06:55
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06:55
General news
Oil action: Front-month WTI crude prices are down 0.7% »

Oil action: Front-month…

WEI

Weidai

$10.00

-0.14 (-1.38%)

06:52
12/14/18
12/14
06:52
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06:52
Initiation
Weidai initiated  »

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TFX

Teleflex

$256.24

-2.055 (-0.80%)

06:51
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NeoTract: 12-month results from study of UroLift System published »

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LLY

Eli Lilly

$114.87

0.51 (0.45%)

06:51
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Hot Stocks
Eli Lilly expands collaboration with Evidation Health for Andromeda platform »

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  • 19

    Dec

SBUX

Starbucks

$66.90

0.8 (1.21%)

06:50
12/14/18
12/14
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06:50
Recommendations
Starbucks analyst commentary  »

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  • 14

    Dec

DEA

Easterly Government Properties

$17.41

0.03 (0.17%)

06:50
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12/14
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06:50
Upgrade
Easterly Government Properties rating change  »

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MRK

Merck

$78.44

0.95 (1.23%)

06:47
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Merck to acquire Antelliq Group for approximately EUR2.1B »

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  • 11

    Jan

  • 16

    Feb

SBUX

Starbucks

$66.90

0.8 (1.21%)

06:46
12/14/18
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06:46
12/14/18
06:46
Recommendations
Starbucks analyst commentary  »

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  • 14

    Dec

MRK

Merck

$78.44

0.95 (1.23%)

06:45
12/14/18
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06:45
Hot Stocks
Breaking Hot Stocks news story on Merck »

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  • 11

    Jan

  • 16

    Feb

LSCC

Lattice Semiconductor

$6.63

-0.05 (-0.75%)

06:45
12/14/18
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06:45
Upgrade
Lattice Semiconductor rating change  »

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FTI

TechnipFMC

$21.35

0.11 (0.52%)

06:44
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06:44
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TechnipFMC rating change  »

TechnipFMC upgraded to…

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ADBE

Adobe

$247.71

2.27 (0.92%)

06:43
12/14/18
12/14
06:43
12/14/18
06:43
Recommendations
Adobe analyst commentary  »

Adobe price target cut to…

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