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ERJ

Embraer

$27.84

0.35 (1.27%)

, BA

Boeing

$332.98

5.62 (1.72%)

11:04
04/12/18
04/12
11:04
04/12/18
11:04

Brazilian approval of Embraer-Boeing deal not imminent, Reuters says

Boeing (BA) and Embraer (ERJ) submitted a new proposal for a tie-up to the Brazilian government on Tuesday, but government approval is not imminent, according to Reuters, citing sources.

ERJ

Embraer

$27.84

0.35 (1.27%)

BA

Boeing

$332.98

5.62 (1.72%)

  • 25

    Apr

  • 30

    May

ERJ Embraer
$27.84

0.35 (1.27%)

10/31/17
JPMS
10/31/17
DOWNGRADE
Target $21
JPMS
Neutral
Embraer downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Carlos Louro downgraded Embraer to Neutral and lowered his price target for the shares to $21 from $25. The analyst sees a more challenging margin environment for 2018 and 2019 following the company's lower than expected guidance. He assumes lower operational margins for all segments going forward.
10/31/17
10/31/17
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. Cypress Semiconductor (CY) downgraded to Equal Weight from Overweight at Barclays WITH analyst Blayne Curtis saying he believes most of the catalysts have played out and that additional margin leverage should get tougher from here. 2. Dominion Midstream (DM) was downgraded to Sector Perform from Outperform at RBC Capital and to Neutral from Buy at Mizuho. 3. Embraer (ERJ) downgraded to Neutral from Overweight at JPMorgan with analyst Carlos Louro saying he sees a more challenging margin environment for 2018 and 2019 following the company's lower than expected guidance. 4. H.B. Fuller (FUL) downgraded to Neutral from Buy at Citi with analyst Eric Petrie saying the Royal acquisition close is priced in at current share levels. 5. Iconix Brand (ICON) downgraded to Neutral from Buy at Roth Capital with analyst Dave King citing the company's announcement that its DanskinNow brand will not be renewed at Wal-Mart (WMT) beyond January 2019. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/21/17
WELS
12/21/17
NO CHANGE
WELS
A Boeing acquisition of Embraer would be negative for Textron, says Wells Fargo
12/22/17
JEFF
12/22/17
NO CHANGE
Target $312
JEFF
Buy
Jefferies sees possible Embraer deal modestly accretive to Boeing
Jefferies analyst Sheila Kahyaoglu estimates an acquisition of Embraer (ERJ), done at a 40% premium, would be 2%, or 20c, accretive to Boeing's (BA) core earnings per share in 2020. While the transaction would be strategically beneficial for Boeing's commercial aircraft and services portfolio, it is not clear what restrictions the Brazilian government would place on any combination, Kahyaoglu tells investors in a research note. She has a Buy rating on Boeing with a $312 price target.
BA Boeing
$332.98

5.62 (1.72%)

04/04/18
BARD
04/04/18
NO CHANGE
Target $433
BARD
Outperform
Boeing should be bought on the pullback, says Baird
Baird analyst Peter Arment previewed the Q1 results for Boeing and said he expects a solid report. The analyst said proprietary aircraft delivery checks indicate better than consensus performance as the end of March delivery activity was very strong. He said he remains a buyer on the recent pullback and sees the shares on the path to $400. Arment reiterated his Outperform rating and $433 price target.
04/05/18
MSCO
04/05/18
NO CHANGE
Target $373
MSCO
Equal Weight
Boeing risk-reward improved after tariff-fueled pullback, says Morgan Stanley
China's potential 25% tariff exceeded expectations, though it was equal in size to U.S. actions under Section 301, said Morgan Stanley analyst Rajeev Lalwani, who notes that for aerospace the tariff would be levied on aircraft with an empty weight exceeding 15,000kg but less than 45,000kg. This range may include the 737-700 and 737 MAX 7, noted the analyst, who estimates the backlog of those two aircraft for China represents less than about 1% of the total. If the next step is negotiation and resolution, which Morgan Stanley believes is probable, Lalwani said he sees "a clearer path" to his price target of $373 on Boeing share, which fell 1% yesterday to $327.44. He keeps an Equal Weight rating on the stock.
04/05/18
BERN
04/05/18
NO CHANGE
BERN
Chinese tariffs negative for Boeing, limited impact, says Bernstein
Bernstein analyst Douglas Harned notes that China said it would impose a 25% tariff on U.S.-produced aircraft weighing between 15,000kg-45,000kg. The analyst sees Chinese tariffs as negative for Boeing (BA), but with limited impact if current orders and the MAX-8 remain unaffected. Harned does not see that Airbus (EADSY) would benefit materially, as narrow tariffs would offer little advantage. The risk of a trade war driven recession is now higher, but the analyst does not assume one. Harned reiterates an Outperform rating on both Boeing and Airbus.
04/12/18
SBSH
04/12/18
NO CHANGE
Target $415
SBSH
Buy
Citi sees path to 50% upside in shares of Boeing
Citi analyst Jonathan Raviv sees a path to 50% upside in shares of Boeing (BA), or a stock price above $500. The analyst keeps a Buy rating on the shares with a $415 price target. Airbus (EADSY) hosted its annual meeting on Wednesday, and surrounding media chatter touched on potentially raising A320 rates to greater than 70, although there's nothing official from the company, Raviv tells investors in a research note. Dropping that into Boeing's free cash builder supports a stock above $500 at an attractive 7% free cash flow yield, the analyst writes. He sees this as "one of several paths" to share upside for Boeing. He believes both sides are incentivized to maintain delivery plans and keeps a Buy rating on Boeing shares. Raviv believes the stock remains cheap at current levels.

TODAY'S FREE FLY STORIES

AAPL

Apple

$177.10

-8.7 (-4.68%)

, BAC

Bank of America

$27.39

-0.375 (-1.35%)

08:55
11/21/18
11/21
08:55
11/21/18
08:55
Options
Notable open interest changes for November 21st »

Tuesday's total…

AAPL

Apple

$177.10

-8.7 (-4.68%)

BAC

Bank of America

$27.39

-0.375 (-1.35%)

GE

General Electric

$7.67

-0.165 (-2.11%)

NVDA

Nvidia

$149.14

4.48 (3.10%)

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08:55
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General news
The 3k initial claims rise to 224k »

The 3k initial claims…

ROST

Ross Stores

$82.65

-8.54 (-9.37%)

08:51
11/21/18
11/21
08:51
11/21/18
08:51
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Ross Stores analyst commentary  »

Ross Stores price target…

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LMB

Limbach Holding

$4.85

-1.04 (-17.66%)

08:50
11/21/18
11/21
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11/21/18
08:50
Downgrade
Limbach Holding rating change  »

Limbach Holding…

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AMZN

Amazon.com

$1,495.60

-16.07 (-1.06%)

, AAPL

Apple

$177.10

-8.7 (-4.68%)

08:50
11/21/18
11/21
08:50
11/21/18
08:50
Periodicals
Amazon working on getting Amazon Pay into physical stores, WSJ says »

Amazon (AMZN) is working…

AMZN

Amazon.com

$1,495.60

-16.07 (-1.06%)

AAPL

Apple

$177.10

-8.7 (-4.68%)

PYPL

PayPal

$77.76

-2.4 (-2.99%)

WMT

Walmart

$94.21

-2.59 (-2.68%)

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08:50
11/21/18
11/21
08:50
11/21/18
08:50
General news
FX Action: The dollar »

FX Action: The dollar…

08:45
11/21/18
11/21
08:45
11/21/18
08:45
General news
U.S. durable goods orders dropped 4.4% in October »

U.S. durable goods orders…

BGS

B&G Foods

$30.69

0.44 (1.45%)

, GGB

Gerdau

$4.11

-0.19 (-4.42%)

08:45
11/21/18
11/21
08:45
11/21/18
08:45
Options
Largest borrow rate increases among liquid names »

Latest data shows the…

BGS

B&G Foods

$30.69

0.44 (1.45%)

GGB

Gerdau

$4.11

-0.19 (-4.42%)

CRON

Cronos Group

$8.19

-0.05 (-0.61%)

QID

ProShares UltraShort QQQ

$46.41

1.57 (3.50%)

SSO

ProShares Ultra S&P 500

$104.01

-4.03 (-3.73%)

NEPT

Neptune Wellness

$3.10

-0.125 (-3.88%)

NFX

Newfield Exploration

$17.67

-1.69 (-8.73%)

CVX

Chevron

$116.19

-3.23 (-2.70%)

EWY

iShares MSCI South Korea Index Fund

$58.89

-1.05 (-1.75%)

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  • 26

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08:45
11/21/18
11/21
08:45
11/21/18
08:45
General news
Treasury Action: yields ebbed to lows »

Treasury Action: yields…

08:45
11/21/18
11/21
08:45
11/21/18
08:45
General news
U.S. initial jobless claims rose 3k in the week ended November 17 to 224k »

U.S. initial jobless…

BW

Babcock & Wilcox

$0.90

-0.0052 (-0.58%)

08:41
11/21/18
11/21
08:41
11/21/18
08:41
Conference/Events
Babcock & Wilcox to host conference call »

As previously announced…

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AZO

AutoZone

$793.73

-35.77 (-4.31%)

08:40
11/21/18
11/21
08:40
11/21/18
08:40
Recommendations
AutoZone analyst commentary  »

AutoZone price target…

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  • 04

    Dec

MUFG

Mitsubishi UFJ

$5.56

-0.005 (-0.09%)

08:40
11/21/18
11/21
08:40
11/21/18
08:40
Periodicals
U.S. prosecutors probing Mitsubishi UFJ money laundering controls, NY Times says »

Mitsubishi UFJ Financial,…

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DSX

Diana Shipping

$3.06

-0.11 (-3.47%)

08:40
11/21/18
11/21
08:40
11/21/18
08:40
Hot Stocks
Diana Shipping announces time charter contract for m/v Alcmeme with BG Shipping »

Diana Shipping announced…

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  • 26

    Nov

08:40
11/21/18
11/21
08:40
11/21/18
08:40
General news
Oil Action: NYMEX crude »

Oil Action: NYMEX crude…

SOLO

ElectraMeccanica

$1.39

-0.12 (-7.95%)

08:38
11/21/18
11/21
08:38
11/21/18
08:38
Hot Stocks
ElectraMeccanica CFO Kulwant Sandher to depart, Bal Bhullar to succeed »

ElectraMeccanica…

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  • 29

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  • 04

    Dec

LOW

Lowe's

$86.15

-5.19 (-5.68%)

08:36
11/21/18
11/21
08:36
11/21/18
08:36
Recommendations
Lowe's analyst commentary  »

Lowe's price target…

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LMB

Limbach Holding

$4.85

-1.04 (-17.66%)

, FIX

Comfort Systems USA

$52.64

-1.06 (-1.97%)

08:35
11/21/18
11/21
08:35
11/21/18
08:35
Recommendations
Limbach Holding, Comfort Systems USA, Emcore analyst commentary  »

Limbach Holding price…

LMB

Limbach Holding

$4.85

-1.04 (-17.66%)

FIX

Comfort Systems USA

$52.64

-1.06 (-1.97%)

EMKR

Emcore

$4.42

-0.02 (-0.45%)

03/08/13
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08:34
11/21/18
11/21
08:34
11/21/18
08:34
General news
Jobless Claims data reported »

Week of 11/17 Jobless…

DXCM

DexCom

$119.89

-1.34 (-1.11%)

, GOOG

Alphabet

$1,026.00

7 (0.69%)

08:33
11/21/18
11/21
08:33
11/21/18
08:33
Recommendations
DexCom, Alphabet, Alphabet Class A analyst commentary  »

Verily collaboration more…

DXCM

DexCom

$119.89

-1.34 (-1.11%)

GOOG

Alphabet

$1,026.00

7 (0.69%)

GOOGL

Alphabet Class A

$1,031.22

4.99 (0.49%)

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  • 27

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LUXTY

Luxottica

$0.00

(0.00%)

08:31
11/21/18
11/21
08:31
11/21/18
08:31
Downgrade
Luxottica rating change  »

Luxottica downgraded to…

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AGCO

Agco

$57.86

0.5 (0.87%)

, DE

Deere

$138.49

-4.04 (-2.83%)

08:29
11/21/18
11/21
08:29
11/21/18
08:29
Hot Stocks
Agco drops 2% after Deere issues FY19 guidance »

Shares of farm equipment…

AGCO

Agco

$57.86

0.5 (0.87%)

DE

Deere

$138.49

-4.04 (-2.83%)

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  • 21

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USCR

U.S. Concrete

$34.14

-1.6 (-4.48%)

08:25
11/21/18
11/21
08:25
11/21/18
08:25
Recommendations
U.S. Concrete analyst commentary  »

U.S. Concrete price…

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  • 05

    Dec

HUM

Humana

$307.50

-2.87 (-0.92%)

, WBA

Walgreens Boots Alliance

$79.82

-2.11 (-2.58%)

08:25
11/21/18
11/21
08:25
11/21/18
08:25
Recommendations
Humana, Walgreens Boots Alliance, Amazon.com, CVS Health, Aetna, UnitedHealth analyst commentary  »

Humana-Walgreens…

HUM

Humana

$307.50

-2.87 (-0.92%)

WBA

Walgreens Boots Alliance

$79.82

-2.11 (-2.58%)

AMZN

Amazon.com

$1,495.60

-16.07 (-1.06%)

CVS

CVS Health

$75.52

-3.02 (-3.85%)

AET

Aetna

$204.15

-3.535 (-1.70%)

UNH

UnitedHealth

$261.52

-4.52 (-1.70%)

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  • 02

    Dec

  • 04

    Dec

$DJT

DJ Transportation Average

$0.00

(0.00%)

08:21
11/21/18
11/21
08:21
11/21/18
08:21
Technical Analysis
DJ Transportation Average: Pivot points »

The following are the…

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