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BA

Boeing

$337.48

10.12 (3.09%)

, ERJ

Embraer

$27.07

-0.42 (-1.53%)

18:05
04/12/18
04/12
18:05
04/12/18
18:05

Boeing, Embraer may form commercial partnership, Reuters reports

In a follow up to an earlier report, Reuters says that Boeing (BA) and Embraer (ERJ) are in talks to form a new company with a focus on commercial aviation, Reuters reports, citing a securities filing by Ermbraer. The report adds that the partnership would exclude Embraer's business jet and defense units. Reference Link

BA

Boeing

$337.48

10.12 (3.09%)

ERJ

Embraer

$27.07

-0.42 (-1.53%)

  • 25

    Apr

  • 30

    May

BA Boeing
$337.48

10.12 (3.09%)

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.
ERJ Embraer
$27.07

-0.42 (-1.53%)

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.

TODAY'S FREE FLY STORIES

PGR

Progressive

$62.30

0.34 (0.55%)

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TPIC

TPI Composites

$26.15

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SYF

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CREE

Cree

$50.17

-0.11 (-0.22%)

, ZTCOY

ZTE Corp.

$0.00

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08:46
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Recommendations
Cree, ZTE Corp. analyst commentary  »

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$50.17

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$0.00

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  • 10

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DRYS

DryShips

$4.60

-0.05 (-1.08%)

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08:46
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HMNY

Helios and Matheson

$0.05

0.0001 (0.20%)

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X-trackers Harvest CSI 300

$24.87

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08:45
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Options
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$48.18

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Turtle Beach

$26.80

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AMJ

American Medical Laboratories Inc

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Universal Compression

$29.37

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Gogo

$4.42

0.05 (1.14%)

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  • 19

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  • 04

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FX Action: The dollar »

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General news
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BKH

Black Hills

$60.23

0.235 (0.39%)

, GGG

Graco

$46.02

0.025 (0.05%)

08:40
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Conference/Events
CFA Society of Minnesota to hold a conference »

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Black Hills

$60.23

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Graco

$46.02

0.025 (0.05%)

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Clearfield

$13.05

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CYBE

Cyberoptics

$19.25

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CHRW

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$93.98

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DAKT

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$8.43

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CBZ

CBIZ

$22.93

0.275 (1.21%)

DGII

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$12.95

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PII

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$107.72

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ASV

ASV Holdings

$6.28

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ALE

Allete

$77.99

0.97 (1.26%)

DOC

Physicians Realty Trust

$16.83

0.22 (1.32%)

APOG

Apogee Enterprises

$49.74

0.55 (1.12%)

MOS

Mosaic

$30.63

0.25 (0.82%)

DCI

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$47.69

0.88 (1.88%)

SRDX

Surmodics

$73.05

2.1 (2.96%)

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  • 15

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SHLX

Shell Midstream

$22.73

0.35 (1.56%)

08:39
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KMG

KMG Chemicals

$66.78

0.1 (0.15%)

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LULU

Lululemon

$129.47

-0.67 (-0.51%)

08:36
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IDXG

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HD

Home Depot

$193.08

-1.03 (-0.53%)

08:34
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CVM

CEL-SCI

$1.03

(0.00%)

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08:33
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General news
Empire State Mfg Survey General Business Conditions Index data reported »

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CE

Celanese

$116.73

0.7 (0.60%)

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  • 05

    Sep

CYTX

Cytori Therapeutics

$0.40

0.015 (3.95%)

08:32
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KMG

KMG Chemicals

$66.78

0.1 (0.15%)

, CCMP

Cabot Microelectronics

$121.32

0.1 (0.08%)

08:31
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Conference/Events
Cabot Microelectronics to hold a conference call »

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KMG

KMG Chemicals

$66.78

0.1 (0.15%)

CCMP

Cabot Microelectronics

$121.32

0.1 (0.08%)

03/08/13
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  • 21

    Aug

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  • 11

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TPR

Tapestry

$53.12

5.7 (12.02%)

08:31
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Recommendations
Tapestry analyst commentary  »

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  • 12

    Sep

CCMP

Cabot Microelectronics

$121.32

0.1 (0.08%)

, KMG

KMG Chemicals

$66.78

0.1 (0.15%)

08:30
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Hot Stocks
Cabot Microelectronics to acquire KMG Chemicals for $1.6B »

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CCMP

Cabot Microelectronics

$121.32

0.1 (0.08%)

KMG

KMG Chemicals

$66.78

0.1 (0.15%)

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  • 21

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