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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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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.

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TER

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AMEH

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HLX

Helix Energy

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BAYRY

Bayer

, MON

Monsanto

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BA

Boeing

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SIEGY

Siemens

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USG

USG

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EBAY

eBay

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THR

Thermon Group

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AMD

AMD

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SPX

S&P 500

, VIX

Volatility Index S&P 500 Options

09:18
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Options
Overnight activity included 235 trades in SPX and 3 trades in VIX »

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HES

Hess Corp.

09:17
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UPLD

Upland Software

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Upland Software partners with Thavron Solutions for IT management »

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BKU

BankUnited

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UPS

UPS

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COP

ConocoPhillips

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ABBV

AbbVie

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AAL

American Airlines

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PLUS

ePlus

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TCO

Taubman Centers

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RTN

Raytheon

, LMT

Lockheed Martin

$329.23

-7.14 (-2.12%)

09:15
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Raytheon

LMT

Lockheed Martin

$329.23

-7.14 (-2.12%)

GD

General Dynamics

$214.53

-7.51 (-3.38%)

NOC

Northrop Grumman

$333.06

-7.94 (-2.33%)

03/08/13
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ALGT

Allegiant Travel

$143.35

-0.1 (-0.07%)

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COLB

Columbia Banking

$44.76

0.05 (0.11%)

09:14
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