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BA

Boeing

$327.88

7.86 (2.46%)

13:56
03/31/18
03/31
13:56
03/31/18
13:56

Boeing, Saudi Arabian military industries form JV partnership

In line with Saudi Arabia's Vision 2030 and following the announcement of HRH Prince Mohammed bin Salman bin Abdulaziz, Crowne Prince, Deputy Chairman of the Council of Ministers and Minster of Defense, to localize 50% of the total military spending by 2030, Saudi Arabian Military Industries and Boeing signed a Memorandum of Agreement to develop a new joint venture aiming to localize more than 55% of the MRO services for fixed and rotary-wing military aircraft in Saudi Arabia. The agreement will also transfer technology to install weaponry on these aircraft as well as localize the supply chain for spare parts in the Kingdom. The joint venture agreement will provide sustainment services for fixed- and rotary-wing military aircraft of the KSA military fleet and will be the sole provider of these services for all military aviation platforms of the KSA military fleet, strengthening the Kingdom's defense capabilities and enhancing its deterrent potential.

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    Apr

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BA Boeing
$327.88

7.86 (2.46%)

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.
03/29/18
LEHM
03/29/18
INITIATION
Target $388
LEHM
Overweight
Boeing initiated with an Overweight at Barclays
Barclays analyst David Strauss started Boeing (BA) with an Overweight rating and $388 price target. The analyst believes expectations for U.S. Aerospace & Defense are too low and initiated the sector with a Positive rating. Fundamentals look poised to deliver accelerating growth against consensus, the analyst contends. He favors TransDigm Group (TDG) in Aerospace and his top pick overall is L3 Technologies (LLL).
03/29/18
BARD
03/29/18
NO CHANGE
Target $433
BARD
Outperform
Boeing weakness a buying opportunity, says Baird
Baird analyst Peter Arment noted Boeing's March aircraft deliveries are tracking toward the current consensus for Q1, which he said supports his view of buying the shares on weakness and adding it as a Fresh Pick designation. Arment said the channel checks on deliveries is actually better than feared and as a result he reiterated his Outperform rating and $433 price target on Boeing shares.
03/29/18
03/29/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Boeing (BA), Allegheny Technologies (ATI), Textron (TXT), Spirit AeroSystems (SPR), Northrop Grumman (NOC), Bombardier (BDRBF), Huntington Ingalls (HII), L3 (LLL) and General Dynamics (GD) were initiated with an Overweight at Barclays, while Arconic (ARNC), Harris (HRS), Lockheed Martin (LMT), Triumph Group (TGI), Raytheon (RTN) and Hexcel (HXL) initiated with an Equal Weight and Esterline (ESL) and BWX Technologies (BWXT) were initiated wtih an Underweight. 2. Spotify (SPOT) initiated with an Outperform at RBC Capital. 3. International Paper (IP) initiated with a Buy at UBS. 4. American Homes 4 Rent (AMH) and Invitation Homes (INVH) initiated with an Outperform at Baird. 5. Pilgrim's Pride (PPC) initiated with a Buy at Mizuho. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

DB

Deutsche Bank

$11.19

-0.305 (-2.65%)

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BGG

Briggs & Stratton

$18.41

-0.13 (-0.70%)

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Cisco

$43.79

-0.22 (-0.50%)

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BGG

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CSCO

Cisco

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NTAP

NetApp

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HTGM

HTG Molecular

$3.30

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SPTN

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$23.78

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$22.08

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ILMN

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-2.69 (-0.81%)

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TWTR

Twitter

$32.39

-0.79 (-2.38%)

18:04
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Twitter CEO rethinking parts of platform to stop hate speech, fake news, WP says »

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  • 28

    Aug

EADSY

Airbus

$0.00

(0.00%)

18:00
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18:00
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18:00
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U.S.: EU failed to bring Airbus subsidies in line with WTO ruling, Reuters says »

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BX

Blackstone

$35.40

-0.37 (-1.03%)

17:56
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08/15
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17:56
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Blackstone in talks to buy interest in Jet Airways loyalty unit, Bloomberg says »

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PEGA

Pegasystems

$60.00

(0.00%)

17:54
08/15/18
08/15
17:54
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17:54
Recommendations
Pegasystems analyst commentary  »

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  • 23

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GOOG

Alphabet

$1,213.65

-28.3 (-2.28%)

, GOOGL

Alphabet Class A

$1,232.30

-25.85 (-2.05%)

17:53
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Hot Stocks
Google introduces transparency report for political ads »

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GOOG

Alphabet

$1,213.65

-28.3 (-2.28%)

GOOGL

Alphabet Class A

$1,232.30

-25.85 (-2.05%)

03/08/13
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NAVB

Navidea

$0.14

-0.013 (-8.70%)

17:49
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Hot Stocks
Navidea receives noncompliance notice from NYSE American »

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  • 16

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PNC

PNC Financial

$142.03

-0.7 (-0.49%)

17:48
08/15/18
08/15
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17:48
Periodicals
Breaking Periodicals news story on PNC Financial »

PNC faces subpoena over…

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  • 12

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RCI

Rogers Communications

$52.16

0.13 (0.25%)

17:45
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Hot Stocks
Rogers Communications declares quarterly dividend of CAD 48c per share »

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IEX

IDEX Corp.

$151.57

-0.375 (-0.25%)

17:41
08/15/18
08/15
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IDEX Corp. CFO William Grogan sells over $520K in company stock »

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ALGN

Align Technology

$350.54

-18.07 (-4.90%)

17:37
08/15/18
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Hot Stocks
Align Technology VP Stuart Hockridge sells over $1M in company stock »

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  • 21

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SYMC

Symantec

$18.56

-0.1 (-0.54%)

17:34
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Symantec says provided intelligence to FBI for 74 cybercriminal arrests »

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  • 12

    Sep

CAAP

Corporacion America Airport

$9.15

-0.18 (-1.93%)

17:28
08/15/18
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Hot Stocks
Corporacion America Airports reports July passenger traffic up 7.8% »

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  • 22

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ALGN

Align Technology

$350.54

-18.07 (-4.90%)

17:22
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Align Technology CEO sells 25,000 common shares »

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  • 21

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ACXM

Acxiom

$44.05

-0.01 (-0.02%)

17:21
08/15/18
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Acxiom CFO sells 72,783 common shares »

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  • 06

    Nov

MDXG

MiMedx

$3.97

-0.1 (-2.46%)

17:15
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MiMedx receives additional Nasdaq listing notice »

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  • 15

    Aug

DL

China Distance Education

$7.85

-0.36 (-4.38%)

17:11
08/15/18
08/15
17:11
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Earnings
China Distance Education Q3 non-GAAP net income up 68.8% to $5.8M vs. $3.4M y/y »

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  • 15

    Aug

BPY

Brookfield Property

$19.71

0.06 (0.31%)

, GGP

GGP

$21.41

-0.02 (-0.09%)

17:02
08/15/18
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Hot Stocks
Brookfield Property reminds GGP shareholders to make, submit elections »

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BPY

Brookfield Property

$19.71

0.06 (0.31%)

GGP

GGP

$21.41

-0.02 (-0.09%)

03/08/13
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SGMS

Scientific Games

$29.30

-2.05 (-6.54%)

16:45
08/15/18
08/15
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16:45
Hot Stocks
Scientific Games Perelman buys 175K shares of common stock for $5.55M »

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CACI

CACI

$180.30

-1.2 (-0.66%)

16:44
08/15/18
08/15
16:44
08/15/18
16:44
Earnings
CACI backs FY19 EPS view $8.98-$9.38, consensus $9.18 »

Backs FY19 revenue view…

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  • 16

    Aug

CACI

CACI

$180.30

-1.2 (-0.66%)

16:44
08/15/18
08/15
16:44
08/15/18
16:44
Earnings
CACI reports Q4 EPS ex-tax reform $1.84, consensus $1.79 »

Reports Q4 GAAP EPS…

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  • 16

    Aug

BGG

Briggs & Stratton

$18.41

-0.13 (-0.70%)

16:43
08/15/18
08/15
16:43
08/15/18
16:43
Earnings
Briggs & Stratton sees FY19 EPS $1.35-$1.55, consensus $1.25 »

Sees FY19 revenue…

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  • 16

    Aug

NSP

Insperity

$110.70

-1.2 (-1.07%)

16:42
08/15/18
08/15
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16:42
Hot Stocks
Insperity COO Arthur Arizpe sells $565K in company stock »

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BGG

Briggs & Stratton

$18.41

-0.13 (-0.70%)

16:42
08/15/18
08/15
16:42
08/15/18
16:42
Earnings
Briggs & Stratton reports Q4 adjusted EPS 47c, consensus 41c »

Reports Q4 revenue $502M,…

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  • 16

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