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F

Ford

$11.01

(0.00%)

09:23
03/20/18
03/20
09:23
03/20/18
09:23

Ford South Africa: Focus vehicles could suffer clutch pressure plate fracture

Ford Motor South Africa said that it has learned that certain derivatives of Focus; Kuga; and Transit Connect and Tourneo Connect with manual gearboxes could suffer a clutch pressure plate fracture, with the risk of fire. Ford commented that "Safety is always a top priority and we are acting quickly to address this issue. Ford is also working on a software calibration remedy that will detect excessive clutch slippage and warn the driver to take the vehicle to their preferred Ford dealer. When the software becomes available, Ford will notify customers. The software is anticipated to be available beginning in May. We want to reassure our customers that the affected vehicles remain safe to drive."

F Ford
$11.01

(0.00%)

03/13/18
MSCO
03/13/18
NO CHANGE
MSCO
Morgan Stanley compares automakers to Facebook, Apple in 'Auto 2.0' model
Morgan Stanley analyst Adam Jonas noted that auto companies' valuations have compressed to extremely low levels, but he believes that a move from a vehicle ownership model to a transportation subscriber model could expand the revenue opportunities for the potential "tollkeepers" for the monetization of content and data by "nearly an order of magnitude." Looking at U.S. technology leaders Facebook (FB) and Apple (AAPL), which are both valued on their installed base/subscriber models, can "offer valuable clues" regarding the opportunity for General Motors (GM) and other auto OEMs, said Jonas. Viewing the OEMs though the lens of a subscription model, which should be less cyclical and potentially less capital intensive over time than the current auto model, is relevant to analyzing auto stocks, according to Jonas, who adds that it is still too early to call a winner or loser in "Auto 2.0." Other publicly traded legacy automakers include Fiat Chrysler (FCAU), Ford (F), Honda (HMC), Nissan (NSANY), Toyota (TM), Volkswagen (VLKAY) and Daimler (DDAIF).
03/14/18
MSCO
03/14/18
NO CHANGE
MSCO
Morgan Stanley raises U.S. auto sales forecasts through 2021
Morgan Stanley analyst Adam Jonas raised his U.S. seasonally adjusted annual rate, or SAAR, forecast for automakers by an average of 850,000 units from 2018 through 2021, which represents slightly more than a 5% increase from his prior forecast. However, his average U.S. SAAR forecast is still well below last year's 17.3M units and 8% under the cyclical high of 17.6M units in 2016. Jonas points to U.S. tax reform and "relatively stable" recent trends in auto sales and credit as reasons for the hike, noting that while infrastructure action from the federal government could be a material positive, it is not explicitly in his new forecast. Adding that the higher view has a net positive impact on estimates and price targets for exposed auto Original Equipment Manufacturers, or OEMs, and suppliers, Jonas raised his price targets on General Motors (GM), Asbury Automotive (ABG), AutoNation (AN), Group 1 Automotive (GPI), Lithia Motors (LAD), Penske Automotive (PAH), Sonic Automotive (SAH) and Ford (F). He also double upgraded Ford, to Overweight from Underweight, this morning.
03/14/18
03/14/18
UPGRADE
Target $15

Overweight
Morgan Stanley double upgrades Ford, says estimates may have bottomed
As previously reported, Morgan Stanley analyst Adam Jonas upgraded Ford to Overweight from Underweight, where he has had his rating since 2014. Sentiment on Ford has reached a cyclical low, and Jonas said this has taken valuation to attractive levels, estimating that the F-150 franchise alone may be worth more than 150% of the company's total current enterprise value. While noting that Ford still has "a lot of room" to improve its performance compared to peers, Jonas raised his underlying earnings forecasts "by the greatest amount in nearly five years" and noted that he thinks estimates may have bottomed. The analyst, who also raised his U.S. SAAR forecast in a separate note to investors this morning by an average of 850,000 units from 2018 through 2021, increased his price target on Ford shares to $15 from $10.
03/14/18
03/14/18
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. Ford (F) double upgraded to Overweight from Underweight, with analyst Adam Jonas saying sentiment on Ford has reached a cyclical low and this has taken valuation to attractive levels, estimating that the F-150 franchise alone may be worth more than 150% of the company's total current enterprise value. 2. Sabra Health Care (SBRA) upgraded to Buy from Neutral at Mizuho with analyst Richard Anderson citing "deeply" discounted valuation and a possible near-term catalyst from its Genesis sales. 3. Oceaneering (OII) upgraded to Hold from Underperform at Jefferies with analyst Eduardo Royes saying he no longer sees ample downside to medium-term estimates. 4. RH (RH) upgraded to Outperform from Market Perform at Raymond James with analyst Budd Bugatch saying he believes the company's "sizable" business transformation is behind it and the share decline year-to-date provides attractive risk/reward. 5. BHP Billiton (BHP) upgraded to Neutral from Sell at Goldman Sachs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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FactSet

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PTLA

Portola Pharmaceuticals

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Vornado now owns 100% interest in retail condo at Marriott Marquis Times Square »

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GOOG

Alphabet

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Alphabet Class A

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Google CEO to meet with top Republican lawmakers Friday, WSJ says »

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Alphabet

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ASNA

Ascena Retail

$4.02

-0.21 (-4.96%)

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Basic Energy

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18:56
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Fly Intel: After Hours Movers »

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ASNA

Ascena Retail

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BAS

Basic Energy

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0.18 (1.94%)

KEG

Key Energy

$13.46

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PSTI

Pluristem

$1.31

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ARNA

Arena Pharmaceuticals

$42.80

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NOVN

Novan

$2.72

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SNDX

Syndax

$7.23

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DCPH

Deciphera

$39.80

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BJ

BJ's Wholesale

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PETQ

PetIQ

$41.07

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CNP

CenterPoint Energy

$27.81

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CTL

CenturyLink

$22.90

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PBR

Petrobras

$11.40

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PBR

Petrobras

$11.40

-0.105 (-0.91%)

18:54
09/24/18
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Breaking Hot Stocks news story on Petrobras »

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VRSN

VeriSign

$158.97

-0.79 (-0.49%)

18:39
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Recommendations
VeriSign analyst commentary at JPMorgan »

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TI

Telecom Italia

$6.54

-0.1 (-1.51%)

18:35
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Telecom Italia discussed Nextel bid at board meeting, Bloomberg says »

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INSG

Inseego

$4.01

-0.08 (-1.96%)

18:31
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Inseego names John Weldon to head Enterprise SaaS Solutions division »

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PCG

PG&E

$46.30

-0.48 (-1.03%)

18:31
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PG&E says will invest $360M in electric car infrastructure, Bloomberg says »

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KKR

KKR

$28.25

-0.01 (-0.04%)

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KKR announces intra-quarter Q3 monetization activity »

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UNH

UnitedHealth

$267.35

0.6 (0.22%)

, EVHC

Envision Healthcare

$45.72

0.07 (0.15%)

18:17
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Periodicals
UnitedHealth tells Hospitals about Envision ER contracts, Reuters says »

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UnitedHealth

$267.35

0.6 (0.22%)

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Envision Healthcare

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AMZN

Amazon.com

$1,934.50

16.75 (0.87%)

, UBER

Uber

$0.00

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18:14
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Amazon has made two approaches to buy Deliveroo, Telegraph reports »

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AMZN

Amazon.com

$1,934.50

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Uber

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BK

BNY Mellon

$52.36

-0.9 (-1.69%)

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BNY Mellon Investment Management to close EACM Advisors »

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EPZM

Epizyme

$10.23

-0.075 (-0.73%)

17:44
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Initiation
Epizyme initiated at Leerink »

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NAVB

Navidea

$0.25

-0.0135 (-5.14%)

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Breaking Hot Stocks news story on Navidea »

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LYL

Dragon Victory

$1.46

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17:30
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Breaking Hot Stocks news story on Dragon Victory »

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RDS.A

Royal Dutch Shell

$68.18

0.89 (1.32%)

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Royal Dutch Shell

$70.25

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Shell CEO weighs $30B LNG export terminal in Canada, WSJ says »

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Royal Dutch Shell

$68.18

0.89 (1.32%)

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Royal Dutch Shell

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SEND

SendGrid

$35.40

-0.085 (-0.24%)

17:27
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SendGrid initiated at First Analysis »

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PGNX

Progenics

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Breaking Hot Stocks news story on Progenics »

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VLY

Valley National

$11.76

-0.26 (-2.16%)

17:20
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Valley National announces transfer of listing to Nasdaq »

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