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LMT

Lockheed Martin

$318.40

-0.49 (-0.15%)

, EXC

Exelon

$40.22

-0.115 (-0.29%)

11:04
05/15/18
05/15
11:04
05/15/18
11:04

Lockheed selected to provide GridStar energy storage for ComEd microgrid project

Lockheed Martin (LMT) signed an agreement to supply a GridStar Lithium energy storage system to ComEd, Illinois' largest electric utility and a unit of Exelon Corporation (EXC). The 2 MWh system will be integrated into ComEd's Bronzeville community microgrid project in Chicago. Lockheed Martin's GridStar Lithium storage system will help ComEd integrate and use multiple energy resources to provide electricity to critical facilities in an emergency, when the microgrid is not connected to the main electric grid. ComEd's Bronzeville microgrid will include battery storage and solar power and will be connected to a microgrid on the campus of the Illinois Institute of Technology, creating the first utility-operated microgrid cluster in the nation. ComEd's microgrid is expected to serve more than 1,000 customers, including critical service providers such as the Chicago Police Department. In an emergency, the microgrid will enable services to continue and demonstrate the cutting-edge capability of solar photovoltaics and energy storage within a microgrid.

LMT

Lockheed Martin

$318.40

-0.49 (-0.15%)

EXC

Exelon

$40.22

-0.115 (-0.29%)

  • 15

    May

  • 24

    May

  • 30

    May

LMT Lockheed Martin
$318.40

-0.49 (-0.15%)

03/29/18
LEHM
03/29/18
INITIATION
Target $369
LEHM
Equal Weight
Lockheed Martin initiated with an Equal Weight at Barclays
Barclays analyst David Strauss started Lockheed Martin (LMT) with an Equal Weight rating and $369 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
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.
04/26/18
MSCO
04/26/18
NO CHANGE
MSCO
Defense weakness due to correction, not change in narrative, says Morgan Stanley
Morgan Stanley analyst Rajeev Lalwani noted that Defense stocks are down about 6% and underperforming an already weak market in the last few days, which he finds particularly surprising given the Q1 EPS beats from General Dynamics (GD), Lockheed Martin (LMT) and Northrop Grumman (NOC). He attributes the underperformance to three dynamics: outperformance year-to-date prior to the selloff; the catalyst of large budget step-ups having materialized; and fuller valuation, which has being corrected. None of these are fundamental, added Lalwani, saying he is still constructive on Lockheed, Raytheon (RTN) and Northrop.
05/09/18
BERN
05/09/18
NO CHANGE
BERN
U.S. exiting Iran deal minor negative for Boeing, Airbus, says Bernstein
Bernstein analyst Douglas Harned notes that President Trump announced that the U.S. will withdraw from the 2015 Iran nuclear accord, and will reinstate sanctions on that country. The analyst sees only minimal impact to commercial aerospace as neither Airbus (EADSY) nor Boeing (BA) will change production rates on this change, and the total number of orders affected represents just 2% of the companies' combined order backlogs. For defense contractors with significant Middle Eastern exposure, heightened regional tensions could drive increased demand for missile defense, in particular, but potentially also aircraft, ships, missiles, and vehicles, he contends. Harned believes Raytheon (RTN) is well positioned, having the highest exposure to missile defense and tactical missile sales to the Middle East, with Lockheed Martin (LMT) also a strong player.
EXC Exelon
$40.22

-0.115 (-0.29%)

02/02/18
UBSW
02/02/18
INITIATION
Target $44
UBSW
Buy
Exelon initiated with a Buy at UBS
UBS analyst Daniel Ford started Exelon with a Buy rating and $44 price target.
03/28/18
GSCO
03/28/18
UPGRADE
GSCO
Neutral
Exelon upgraded to Neutral from Sell at Goldman Sachs
03/28/18
GSCO
03/28/18
UPGRADE
GSCO
Neutral
Exelon upgraded to Neutral from Sell at Goldman Sachs
Goldman Sachs analyst Michael Lapides upgraded Exelon to Neutral from Sell with a $43 price target, as the analyst sees higher sum-of-parts value, potential upside to consensus estimates, and few near-term negative catalysts.
03/29/18
03/29/18
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. Exelon (EXC) upgraded to Neutral from Sell at Goldman Sachs by analyst Michael Lapides, with a $43 price target, as the analyst sees higher sum-of-parts value, potential upside to consensus estimates, and few near-term negative catalysts. 2. Harley-Davidson (HOG) upgraded to Neutral from Underperform at Longbow by analyst David MacGregor, citing valuation despite channel checks that indicate continued weakness in U.S. sales. MacGregor continues to be concerned about weak U.S. retail sales trends but views shares as fairly valued following his downgrade in January. 3. Jacobs Engineering (JEC) upgraded to Buy from Hold at Deutsche Bank by analyst Chad Dillard, who said the market is pricing in a near certain probability the CH2M merger integration will fail. He believes the concerns are overdone and thinks the risk of this merger is lower than other deals in the space. Jacobs management has a strong execution track record, Dillard contended. The analyst sees a path to 65% earnings growth and a doubling of free cash flow over the next three years. As such, he views the stock as "significantly undervalued." 4. Akamai (AKAM) upgraded to Equal Weight from Underweight at Morgan Stanley by analyst Keith Weiss. After a period of declining margins, he sees signs of stability, noting that following the involvement of activist Elliott Management the company has announced a 5% workforce reduction and new shareholder value initiatives. Also, the contribution from Akamai's top 6 Media customers looks to have stabilized after two years of steep declines and his customer survey indicating a more defensible core base, Weiss said. 5. Yandex (YNDX) upgraded to Buy from Neutral at Citi by analyst Brady Martin, who updated his model to reflect the company's better than expected fiscal 2017 financials as well as the taxi transaction with Uber that closed in February. Martin noted that Yandex continues to increase share on both desktop and mobile. 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

GWRE

Guidewire

$101.71

0.16 (0.16%)

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AVMXY

Avita Medical

$0.00

(0.00%)

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LTS

Ladenburg Thalmann

$2.36

-0.03 (-1.26%)

20:05
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Conference/Events
Morgan Stanley multi-industrial analysts hold analyst/industry conference call »

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SPY

SPDR S&P 500 ETF Trust

$293.53

2.31 (0.79%)

, SPX

S&P 500

$0.00

(0.00%)

19:15
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General news
Trump's former lawyer Cohen met with Mueller multiple times, ABC says »

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SPY

SPDR S&P 500 ETF Trust

$293.53

2.31 (0.79%)

SPX

S&P 500

$0.00

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SCS

Steelcase

$16.10

0.8 (5.23%)

, ACAD

Acadia

$19.08

3.97 (26.27%)

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SCS

Steelcase

$16.10

0.8 (5.23%)

ACAD

Acadia

$19.08

3.97 (26.27%)

TXN

Texas Instruments

$108.50

1.14 (1.06%)

MCD

McDonald's

$160.84

1.65 (1.04%)

RDS.A

Royal Dutch Shell

$66.83

0.57 (0.86%)

PIR

Pier 1 Imports

$1.80

0.045 (2.56%)

UNFI

United Natural Foods

$33.83

0.54 (1.62%)

MU

Micron

$46.06

1.01 (2.24%)

SGH

Smart Global

$30.44

0.7 (2.35%)

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KORS

Michael Kors

$72.72

-0.33 (-0.45%)

19:01
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Michael Kors names Andrea Pesaresi head of Men's business »

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  • 20

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MDT

Medtronic

$97.47

1.01 (1.05%)

, MZOR

Mazor Robotics

$52.70

2.44 (4.85%)

19:00
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Hot Stocks
Medtronic to acquire Mazor Robotics for $58.50 per ADS, or about $1.64B »

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MDT

Medtronic

$97.47

1.01 (1.05%)

MZOR

Mazor Robotics

$52.70

2.44 (4.85%)

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  • 09

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MDT

Medtronic

$97.47

1.01 (1.05%)

, MZOR

Mazor Robotics

$52.70

2.44 (4.85%)

18:59
09/20/18
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Hot Stocks
Breaking Hot Stocks news story on Medtronic, Mazor Robotics »

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MDT

Medtronic

$97.47

1.01 (1.05%)

MZOR

Mazor Robotics

$52.70

2.44 (4.85%)

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  • 09

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ACAD

Acadia

$19.08

3.97 (26.27%)

18:54
09/20/18
09/20
18:54
09/20/18
18:54
Upgrade
Acadia rating change  »

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  • 01

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ACAD

Acadia

$19.08

3.97 (26.27%)

18:48
09/20/18
09/20
18:48
09/20/18
18:48
Upgrade
Acadia rating change  »

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  • 01

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SONA

Southern National Bancorp

$16.89

0.13 (0.78%)

18:45
09/20/18
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Hot Stocks
Southern National Bancorp names Jeffrey Karafa CFO »

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TSLA

Tesla

$298.32

-0.63 (-0.21%)

18:44
09/20/18
09/20
18:44
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18:44
Periodicals
Tesla VP of global supply management O'Connor to leave company, Bloomberg says »

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CRBP

Corbus Pharmaceuticals

$7.90

2.75 (53.40%)

18:34
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Corbus CEO says wants to be leading pipeline for synthetic endocannabinoids »

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MCD

McDonald's

$160.84

1.65 (1.04%)

18:32
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  • 24

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MCD

McDonald's

$160.84

1.65 (1.04%)

18:31
09/20/18
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Hot Stocks
McDonald's raises quarterly dividendy by 15% to $1.16 per share »

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  • 24

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TTPH

Tetraphase

$3.16

0.14 (4.64%)

18:10
09/20/18
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Recommendations
Tetraphase analyst commentary at Piper Jaffray »

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  • 01

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SGH

Smart Global

$30.44

0.7 (2.35%)

18:07
09/20/18
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18:07
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18:07
Syndicate
Breaking Syndicate news story on Smart Global »

Smart Global files to…

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SGH

Smart Global

$30.44

0.7 (2.35%)

18:07
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09/20
18:07
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18:07
Syndicate
Breaking Syndicate news story on Smart Global »

Smart Global files $150M…

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  • 20

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PIR

Pier 1 Imports

$1.80

0.045 (2.56%)

17:46
09/20/18
09/20
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Recommendations
Pier 1 Imports analyst commentary at Loop Capital »

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MU

Micron

$46.06

1.01 (2.24%)

17:43
09/20/18
09/20
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Hot Stocks
Breaking Hot Stocks news story on Micron »

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  • 20

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ACXM

Acxiom

$50.28

2.09 (4.34%)

, IPG

Interpublic Group

$22.68

0.315 (1.41%)

17:41
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Hot Stocks
Acxiom shareholders approve AMS sale, will switch name to LiveRamp after close »

Acxiom (ACXM) announced…

ACXM

Acxiom

$50.28

2.09 (4.34%)

IPG

Interpublic Group

$22.68

0.315 (1.41%)

03/08/13
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  • 06

    Nov

IPCI

Intellipharmaceutics

$2.92

0.15 (5.42%)

17:39
09/20/18
09/20
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17:39
Syndicate
Breaking Syndicate news story on Intellipharmaceutics »

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NOC

Northrop Grumman

$301.53

-10.71 (-3.43%)

17:30
09/20/18
09/20
17:30
09/20/18
17:30
Hot Stocks
Northrop Grumman completes first qualification test of rocket motor in Atlas V »

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YUM

Yum! Brands

$88.96

0.39 (0.44%)

17:28
09/20/18
09/20
17:28
09/20/18
17:28
Recommendations
Yum! Brands analyst commentary at Tigress Financial »

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  • 26

    Sep

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