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AVAV

AeroVironment

$47.37

-0.72 (-1.50%)

, AMBA

Ambarella

$53.97

1.11 (2.10%)

16:51
03/20/18
03/20
16:51
03/20/18
16:51

Trump looks to sell more lethal drones to allies, Reuters says

President Donald Trump is on the verge of making it "easier to export some types of lethal U.S.-made drones to potentially dozens more allies and partners," said Reuters, citing people familiar with the plan. Companies in the space include AeroVironment (AVAV), Ambarella (AMBA),Boeing (BA) and Kratos Defense (KTOS). Reference Link

AVAV

AeroVironment

$47.37

-0.72 (-1.50%)

AMBA

Ambarella

$53.97

1.11 (2.10%)

BA

Boeing

$337.63

5.87 (1.77%)

KTOS

Kratos Defense

$9.71

0.395 (4.24%)

  • 20

    Mar

  • 30

    May

AVAV AeroVironment
$47.37

-0.72 (-1.50%)

03/07/18
PIPR
03/07/18
NO CHANGE
Target $48
PIPR
Neutral
AeroVironment target raised to $48 on 'solid' Q3 at Piper Jaffray
Piper Jaffray analyst Troy Jensen raised his price target for AeroVironment to $48 from $42 saying the company last night reported "solid" Q3 results. Earnings would have beat expectations if not for a deferred tax impact of 13c, Jensen tells investors in a research note. He continues to believe AeroVironment's largest growth opportunity is from sales to international governments. He remains bullish on the company's long-term opportunities but reiterates a Neutral rating on the name.
03/07/18
STFL
03/07/18
NO CHANGE
Target $45
STFL
Hold
Stifel says 'too soon' to upgrade AeroVironment
After AeroVironment reported Q3 revenue that was slightly above consensus and "well ahead" of Stifel analyst Joseph DeNardi's $54M estimate, he said he was surprised to see the stock down about 10% in after-hours trading. However, he attributed that post-report reaction to what was perceived as a weak backlog figure for Q3. That view, though, misses the $45M Puma order announced in conjunction with the report and a "very strong" pipeline of opportunities, said DeNardi, who thinks it is too soon to upgrade the stock but came away from the company's earnings call "more bullish than bearish." He maintains a Hold rating and $45 price target on AeroVironment shares.
10/04/17
ADAM
10/04/17
NO CHANGE
Target $48
ADAM
Hold
AeroVironment price target raised to $48 from $40 at Canaccord
Canaccord analyst Ken Herbert raised his price target on AeroVironment to $48 from $40 as the stock has been substantially outperforming its peers recently. Herbert said he remains skeptical about the potential upside for the Quanix drone system, but he does not believe investors are focused on that market. The commercial drone market is expected to be one of the fastest growing over the next several years. Herbert maintained his Hold rating on AeroVironment shares.
08/30/17
BARD
08/30/17
NO CHANGE
Target $35
BARD
Neutral
AeroVironment results better than feared, says Baird
Baird analyst Peter Arment noted AeroVironment reported better than expected Q1 results and reaffirmed its 2018 guidance, which reflects a relatively flat earnings profile tied to lower-margin mix and higher taxes. Arment maintained his Neutral rating and $35 price target on AeroVironment shares.
AMBA Ambarella
$53.97

1.11 (2.10%)

01/29/18
MSCO
01/29/18
NO CHANGE
Target $65
MSCO
Overweight
Ambarella loss of DJI drone socket a setback, says Morgan Stanley
Morgan Stanley analyst Joseph Moore said DJI's latest drone, the Mavic Air, is not believed to use an Ambarella chip and his best guess is that it uses a custom silicon design. He thinks to some degree this was understood and contemplated by management and perhaps was an element of Ambarella's guidance, but he still views it as a setback and sees some risk to near-term numbers. However, computer vision will protect Ambarella's legacy markets, said Moore, who cut his 2018 estimates but leaves his 2019 numbers unchanged. The analyst keeps his Overweight rating and $65 price target on Ambarella shares.
01/03/18
01/03/18
UPGRADE
Target $70

Outperform
Ambarella upgraded to Outperform at Oppenheimer
As previously reported, Oppenheimer analyst Andrew Uerkwitz upgraded Ambarella to Outperform from Perform, with a $70 price target, saying downward revisions are over and core business is sustainable. The analyst expects the conversation to shift toward a computer vision-based thesis, centered on the market potential of CV and the company's position within it.
01/03/18
OPCO
01/03/18
UPGRADE
OPCO
Outperform
Ambarella upgraded to Outperform from Perform at Oppenheimer
12/01/17
MSCO
12/01/17
NO CHANGE
Target $60
MSCO
Overweight
Ambarella commentary on computer vision 'notably stronger,' says Morgan Stanley
Morgan Stanley analyst Joseph Moore said Ambarella's commentary on its computer vision chip was notably stronger and he expects to get much more detail in the coming months, pointing to January's Consumer Electronics Show as an important upcoming catalyst. Ambarella management said they had sampled the first version of the CV chip to automotive and surveillance customers and there is a possibility they could announce auto development relationships for CV in 2018, maybe even the first half of the year, noted Moore, who maintains an Overweight rating and $60 price target on Ambarella shares.
BA Boeing
$337.63

5.87 (1.77%)

03/14/18
JPMS
03/14/18
NO CHANGE
JPMS
Spirit AeroSystems, Boeing weakness appears overdone, says JPMorgan
JPMorgan analyst Seth Seifman said he is not surprised that Spirit AeroSystems (SPR) would underperform after the company made comments at the firm's Aviation, Transportation and Industrials Conference about 737 cost pressure in Q1. He also believes the decline in the stock, as well as in shares of Boeing (BA), appears overdone. He thinks Spirit is "taking a hit" now so that it can meet its commitments to Boeing, noting that the company has maintained its earnings outlook for the year and has a history of conservatism. Seifman added that he does not think this morning's 737 MAX news is the only factor weighing on Boeing and Spirit, however, as reports that President Trump is considering $60B of tariffs on Chinese goods are "likely not helping," but he still thinks a rupture in Boeing's relationship with China is unlikely.
03/13/18
JEFF
03/13/18
NO CHANGE
Target $400
JEFF
Buy
Boeing booked 21 widebody orders in February, says Jefferies
Jefferies analyst Sheila Kahyaoglu says the most incremental item in Boeing's February orders report was the booking of 21 widebody orders, including three legacy 777s. The company is adding to its widebody backlog, Kahyaoglu tells investors in a research note. She notes that at current production rates, on average Boeing has more than seven years of production in backlog. The analyst sees support for upcoming rate increases and keeps a Buy rating on Boeing shares with a $400 price target.
02/13/18
02/13/18
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. JPMorgan (JPM) upgraded to Outperform from Market Perform at Keefe Bruyette with analyst Brian Kleinhanzl saying he views the recent pullback in the shares as a buying opportunity. 2. Total (TOT) upgraded to Overweight from Equal Weight at Morgan Stanley and to Strong Buy from Outperform at Raymond James. 3. Celgene (CELG) upgraded to Overweight from Equal Weight at Barclays with analyst Geoff Meacham saying the current valuation largely reflects the risk. 4. Quest Diagnostics (DGX) upgraded to Outperform from Neutral at Credit Suisse with analyst A.J. Rice saying he believes the company has "substantial runway on several fronts," including its Optum partnership related to revenue cycle management, which he believes could reduce bad debts and claims denials. 5. Boeing (BA) upgraded to Buy from Hold at Edward Jones. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/13/18
EDJN
02/13/18
UPGRADE
EDJN
Buy
Boeing upgraded to Buy from Hold at Edward Jones
KTOS Kratos Defense
$9.71

0.395 (4.24%)

03/19/18
ADAM
03/19/18
NO CHANGE
Target $15
ADAM
Buy
Kratos selloff on short report a buying opportunity, says Canaccord
Canaccord Genuity analyst Ken Herbert believes the 11% selloff Friday in shares of Kratos Defense & Security Solutions following Spruce Point Capital Management's short report presents a buying opportunity. Much of Spruce Point's criticism focuses on "older data points with little incremental information," Herbert tells investors in a research note. The analyst believes Kratos will benefit "substantially" from the increased Department of Defense investments in unmanned technology. He thinks the lack of discussion around the defense budget is one of the primary shortcomings of Spruce's short report. Herbert keeps a Buy rating on Kratos Defense with a $15 price target.
03/02/18
ADAM
03/02/18
NO CHANGE
Target $15
ADAM
Buy
Kratos Defense top-line outlook provides optimism, says Canaccord
Canaccord analyst Ken Herbert noted Kratos Defense reported better than expected revenues and adjusted EBITDA for Q4. He said he was encouraged by management's attention to increasing its focus on working capital, which is reflected in the expected strong free cash flow improvement in 2018. Herbert reiterated his Buy rating and $15 price target on Kratos Defense shares.
02/26/18
ADAM
02/26/18
NO CHANGE
Target $15
ADAM
Buy
Kratos Defense outlook and contract activity are positives, says Canaccord
Canaccord analyst Ken Herbert previewed Kratos Defense's Q4 results, which are expected this week, and said its recent contract activity and updated 2018 guidance will be positives on its conference call. He sees near-term risk to the EBITDA ramp as investments to support growth continue, but he sees the recent contract announcements providing greater confidence in 2018 upside. Herbert reiterated his Buy rating and $15 price target on Kratos Defense shares.
01/03/18
ADAM
01/03/18
NO CHANGE
Target $15
ADAM
Buy
Kratos Defense backlog provides confidence for 2018, says Canaccord
Canaccord analyst Ken Herbert said Kratos Defense ended 2017 with a healthy backlog and was awarded a year-end U.S. Army contract for aerial drones that provides top-line confidence heading into 2018. He lauded management for delivering on all it said it would in 2017. The analyst said as visibility improves on free cash flow and profit expansion, the stock will continue to grow its multiple. Herbert reiterated his Buy rating and $15 price target on Kratos Defense shares.

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Merck

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Microsoft

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HQY

HealthEquity

$81.82

0.31 (0.38%)

14:32
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HealthEquity analyst commentary  »

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GE

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$147.50

-1.65 (-1.11%)

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Earnings
Notable companies reporting before tomorrow's openGentex »

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General Electric

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HON

Honeywell

$147.50

-1.65 (-1.11%)

SLB

Schlumberger

$66.83

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BHGE

Baker Hughes

$32.10

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STT

State Street

$92.52

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VFC

VF Corp.

$89.22

1.01 (1.15%)

STI

SunTrust

$69.16

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SWK

Stanley Black & Decker

$139.18

0.91 (0.66%)

RF

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CFG

Citizens Financial

$40.62

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KSU

Kansas City Southern

$107.87

1.32 (1.24%)

GNTX

Gentex

$23.63

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SKX

Skechers

$33.23

0.6 (1.84%)

14:30
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Notable spread in Skechers ahead of earnings »

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ISRG

Intuitive Surgical

$525.36

-2.31 (-0.44%)

14:29
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Earnings
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TSLA

Tesla

$321.44

-2.57 (-0.79%)

, PCRFY

Panasonic

$0.00

(0.00%)

14:28
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Periodicals
Panasonic suspends supplier of cobalt used in Tesla batteries, Reuters reports »

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Tesla

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-2.57 (-0.79%)

PCRFY

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MSFT

Microsoft

$104.45

-0.63 (-0.60%)

, ISRG

Intuitive Surgical

$525.36

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14:27
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MSFT

Microsoft

$104.45

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ISRG

Intuitive Surgical

$525.36

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COF

Capital One

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CTAS

Cintas

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SWKS

Skyworks

$102.68

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ETFC

E-Trade

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PBCT

People's United

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SKX

Skechers

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ESV

Ensco

$7.02

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Ensco call volume above normal and directionally bullish »

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$NSD

NASDAQ Market Internals

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S&P 500

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MSFT

Microsoft

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Microsoft found hacking attempts against congressional candidates, Politico says »

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GTLS

Chart Industries

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MSFT

Microsoft

$104.70

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Amazon.com

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HMNY

Helios and Matheson

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14:01
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MoviePass competitor Sinemia now offering $3.99/month plans, Fortune says »

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Tesla

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Tesla spokesperson tells Reuters that Model 3 cancels not outpacing orders »

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GE

General Electric

$13.64

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Baker Hughes

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GE

General Electric

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Baker Hughes

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WAB

Wabtec

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