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KBR

KBR

$18.29

-0.025 (-0.14%)

, TEX

Terex

$41.72

-0.56 (-1.32%)

05:25
06/14/18
06/14
05:25
06/14/18
05:25

Goldman upgrades KBR to Neutral, downgrades Terex to Sell

Goldman Sachs analyst Jerry Revich last night upgraded KBR (KBR) to Neutral from Sell and raised his price target for the shares to $19 from $14. The analyst also downgraded Terex to Sell from Neutral and lowered his price target for the shares to $34 from $43. On KBR, Revich sees the company benefiting from a significant liquefied natural gas sanctioning cycle. He believes this thesis of earnings challenges from legacy LNG projects rolling off and portfolio de-risking has largely played out. On Terex, the analyst expects rental industry capacity additions of its core products to hit a peak this year. Revich also upgraded his view on the U.S. Engineering and Construction sector to Attractive on expectations an organic growth inflection will be seen in Q2 for the first time in five years.

KBR

KBR

$18.29

-0.025 (-0.14%)

TEX

Terex

$41.72

-0.56 (-1.32%)

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    Jun

KBR KBR
$18.29

-0.025 (-0.14%)

06/13/18
GSCO
06/13/18
UPGRADE
GSCO
Neutral
KBR upgraded to Neutral from Sell at Goldman Sachs
04/27/18
DADA
04/27/18
UPGRADE
Target $21
DADA
Buy
KBR upgraded to Buy from Neutral at DA Davidson
DA Davidson analyst Brent Thielman upgraded KBR to Buy from Neutral and raised his price target to $21 from $17.50 after its Q1 earnings beat. Thielman says that the company's results suggest that the Hydrocarbon Services bookings imply a rebound for Q2, while the "troubled" Ichthys project is on target. The analyst also expects the less risky Government Services and Technology business to represent 86% of backlog in 2019 adding to the earnings momentum.
02/26/18
FBCO
02/26/18
DOWNGRADE
Target $16
FBCO
Neutral
KBR downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse analyst Jamie Cook downgraded KBR to Neutral from Outperform as he believes the Ichthys problem project coupled with what is now a highly levered balance sheet and potential risk of a modest equity raise will be an overhang on the stock. The analyst also lowered his price target on the shares to $16 from $24.
02/26/18
DADA
02/26/18
NO CHANGE
Target $17.5
DADA
Neutral
KBR price target lowered to $17.50 from $22 at DA Davidson
DA Davidson analyst Brent Thielman lowered his price target on KBR to $17.50, saying that while the management is still cultivating an organization with an expanded Government Services platform and strong Technology & Consulting business, the company is faced with near-term bottlenecks. Specifically, Thielman states that the company is now funding the completion of Ichthys with its balance sheet, and the changes to completion costs pose a risk. The analyst also points to an "ongoing litigious noise and the already factored expectation E&C bookings build", keeping his Neutral rating.
TEX Terex
$41.72

-0.56 (-1.32%)

06/13/18
GSCO
06/13/18
DOWNGRADE
GSCO
Sell
Terex downgraded to Sell from Neutral at Goldman Sachs
06/05/18
OTRG
06/05/18
DOWNGRADE
OTRG
Mixed
Terex downgraded to Mixed from Positive at OTR Global
OTR Global's Q2 US checks indicate new crane orders are up 6%-9% year-over-year, versus 12%-15% in Q1. The firm expects 2018 new crane orders to be up 7%-10% year-over-year, versus expectations of up 12%-15% in March, and said used prices are flattening and potential interest rate increases are a concern. As a result, the firm downgraded Manitowoc (MTW) and Terex (TEX) crane businesses to Mixed from Positive.
05/07/18
05/07/18
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. McDonald's (MCD) and AutoZone (AZO) were upgraded to Conviction Buy from Buy at Goldman Sachs. 2. Eaton (ETN), Deere (DE), and Terex (TEX) were upgraded to Outperform from In Line at Evercore ISI. 3. LendingTree (TREE) and Santander Consumer (SC) were upgraded to Buy from Neutral at UBS, while Discover (DFS) was upgraded to Neutral from Sell. 4. First Industrial Realty (FR) upgraded to Buy from Neutral at Mizuho with analyst Richard Anderson saying he sees a "path for outperformance from here" with the valuation at "floor" levels. 5. Illumina (ILMN) upgraded to Overweight from Equal Weight at Barclays with analyst Jack Meehan saying he believes his firm's NovaSeq customer survey indicates "substantial elasticity of demand." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/07/18
EVER
05/07/18
UPGRADE
Target $187
EVER
Outperform
Deere, Eaton, Terex upgraded to Outperform at Evercore ISI
As reported earlier, Evercore ISI analyst David Raso upgraded Deere (DE), Eaton (ETN), and Terex (TEX) to Outperform from In Line while adjusting their profit target to $187 from $166, $85 from $88, and $48 from $44 as part of his broader research note on Machinery stocks. Raso notes that the recent multiple compression in the sector has created an attractive entry point for these select names, while adding that the market's implied peak valuation in 2019 should actually be extended to 2021. The analyst further contends that "absolute industry volume" remains low, higher commodity prices relative to the rise in U.S. Treasury yields are a "positive" for the relative performance of the machinery sector, and that the market underestimates these companies' cash deployment power given the longer duration of the economic cycle. As part of his research note, the analyst also downgraded Parker Hannifin (PH) to In Line from Outperform and reduced his price target to $187 from $198, citing the company's reduced operating margin expectations and relatively higher valuation within its peer group.

TODAY'S FREE FLY STORIES

CEQP

Crestwood Equity

$37.55

0.05 (0.13%)

19:40
09/23/18
09/23
19:40
09/23/18
19:40
Downgrade
Crestwood Equity rating change at Stifel »

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03/08/13
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PAGP

Plains GP Holdings

$24.16

-0.14 (-0.58%)

, PAA

Plains All American

$24.84

-0.08 (-0.32%)

19:37
09/23/18
09/23
19:37
09/23/18
19:37
Upgrade
Plains GP Holdings, Plains All American rating change at Stifel »

Plains GP Holdings…

PAGP

Plains GP Holdings

$24.16

-0.14 (-0.58%)

PAA

Plains All American

$24.84

-0.08 (-0.32%)

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PAA

Plains All American

$24.84

-0.08 (-0.32%)

19:36
09/23/18
09/23
19:36
09/23/18
19:36
Upgrade
Plains All American rating change at Stifel »

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CMCSA

Comcast

$37.91

0.1 (0.26%)

, CMCSK

Comcast

$0.00

(0.00%)

19:30
09/23/18
09/23
19:30
09/23/18
19:30
Hot Stocks
Fly Intel: Top five weekend stock stories »

Catch up on the…

CMCSA

Comcast

$37.91

0.1 (0.26%)

CMCSK

Comcast

$0.00

(0.00%)

SKYAY

Sky

$0.00

(0.00%)

FOX

21st Century Fox

$43.97

-0.23 (-0.52%)

FOXA

21st Century Fox

$44.33

-0.26 (-0.58%)

RBC

Regal Beloit

$85.80

-0.25 (-0.29%)

TLRY

Tilray

$123.16

-53.365 (-30.23%)

BSX

Boston Scientific

$37.76

-0.07 (-0.19%)

ISRG

Intuitive Surgical

$556.70

-4.43 (-0.79%)

CAT

Caterpillar

$156.39

0.38 (0.24%)

AMAT

Applied Materials

$39.62

0.22 (0.56%)

BWA

BorgWarner

$45.24

-0.53 (-1.16%)

KEY

KeyCorp

$20.78

0.02 (0.10%)

PH

Parker-Hannifin

$190.52

0.01 (0.01%)

AAPL

Apple

$217.65

-2.35 (-1.07%)

CSCO

Cisco

$48.51

0.77 (1.61%)

INTC

Intel

$46.64

-0.56 (-1.19%)

IBM

IBM

$151.29

0.12 (0.08%)

MSFT

Microsoft

$114.70

1.13 (0.99%)

ORCL

Oracle

$51.08

0.65 (1.29%)

BRK.A

Berkshire Hathaway

$331,710.00

-1090 (-0.33%)

BRK.B

Berkshire Hathaway

$220.57

-1.24 (-0.56%)

03/08/13
Wedge Partners
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    Mar

RBC

Regal Beloit

$85.80

-0.25 (-0.29%)

19:08
09/23/18
09/23
19:08
09/23/18
19:08
Earnings
Regal Beloit confirms 2018 adjusted diluted EPS guidance of $5.70-$6.00 »

Regal sees 2018 GAAP…

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  • 23

    Sep

RBC

Regal Beloit

$85.80

-0.25 (-0.29%)

19:04
09/23/18
09/23
19:04
09/23/18
19:04
Hot Stocks
Regal Beloit announces planned CEO retirement »

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  • 23

    Sep

TRXC

TransEnterix

$6.43

-0.035 (-0.54%)

18:14
09/23/18
09/23
18:14
09/23/18
18:14
Hot Stocks
TransEnterix acquires assets, intellectual property from MST Medical Surgery »

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  • 01

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  • 27

    Nov

T

AT&T

$33.88

0.44 (1.32%)

, CMCSA

Comcast

$37.91

0.1 (0.26%)

17:24
09/23/18
09/23
17:24
09/23/18
17:24
Hot Stocks
Box Office Battle: 'The House With a Clock in Its Walls' opens to $26.9M in U.S. »

Comcast (CMCSA)…

T

AT&T

$33.88

0.44 (1.32%)

CMCSA

Comcast

$37.91

0.1 (0.26%)

CMCSK

Comcast

$0.00

(0.00%)

SNE

Sony

$57.04

-2.065 (-3.49%)

FOX

21st Century Fox

$43.97

-0.23 (-0.52%)

FOXA

21st Century Fox

$44.33

-0.26 (-0.58%)

LGF.A

Lionsgate

$22.38

-0.09 (-0.40%)

DIS

Disney

$110.72

-0.9 (-0.81%)

VIAB

Viacom

$32.36

0.52 (1.63%)

VIA

Viacom

$34.50

-0.5 (-1.43%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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    Nov

DVMT

Dell Technologies

$96.27

0.27 (0.28%)

17:04
09/23/18
09/23
17:04
09/23/18
17:04
Periodicals
Dell to interview banks for IPO instead of acquisition, WSJ reports »

Dell Technologies is said…

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WPP

WPP

$75.11

-0.06 (-0.08%)

16:23
09/23/18
09/23
16:23
09/23/18
16:23
Periodicals
WPP preparing to merge Young & Rubicam, digital ad firm VML, WSJ reports »

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ABT

Abbott

$69.05

0.25 (0.36%)

16:15
09/23/18
09/23
16:15
09/23/18
16:15
Hot Stocks
Abbott announces positive clinical study results from MitraClip trial »

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  • 17

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AZN

AstraZeneca

$37.69

-0.025 (-0.07%)

12:59
09/23/18
09/23
12:59
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12:59
Periodicals
AstraZeneca CEO warns of medicine shortages following Brexit, Reuters reports »

Britain could see…

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VLKAY

Volkswagen

$0.00

(0.00%)

12:54
09/23/18
09/23
12:54
09/23/18
12:54
Periodicals
Volkswagen's Porsche dropping diesel in EV push, Reuters says »

Volkswagen's Porsche…

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AAPL

Apple

$217.65

-2.35 (-1.07%)

12:49
09/23/18
09/23
12:49
09/23/18
12:49
Periodicals
Apple planning for delays to Battersea HQ, Bloomberg reports »

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  • 26

    Sep

PYPL

PayPal

$90.76

0.17 (0.19%)

12:43
09/23/18
09/23
12:43
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12:43
Periodicals
PayPal replaces executive in charge of Venmo, WSJ reports »

PayPal is replacing the…

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  • 26

    Nov

MDT

Medtronic

$97.85

0.38 (0.39%)

12:37
09/23/18
09/23
12:37
09/23/18
12:37
Hot Stocks
Medtronic presents IN.PACT global study three-year data »

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  • 09

    Oct

CMCSA

Comcast

$37.91

0.1 (0.26%)

, CMCSK

Comcast

$0.00

(0.00%)

12:29
09/23/18
09/23
12:29
09/23/18
12:29
Hot Stocks
Comcast prevails with highest offer price in auction for Sky »

Comcast (CMCSA) published…

CMCSA

Comcast

$37.91

0.1 (0.26%)

CMCSK

Comcast

$0.00

(0.00%)

SKYAY

Sky

$0.00

(0.00%)

03/08/13
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MDT

Medtronic

$97.85

0.38 (0.39%)

12:26
09/23/18
09/23
12:26
09/23/18
12:26
Hot Stocks
Clinical study shows safety, efficacy outcomes for Medtronic Resolute Onyx DES »

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BSX

Boston Scientific

$37.76

-0.07 (-0.19%)

12:20
09/23/18
09/23
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09/23/18
12:20
Hot Stocks
Boston Scientific announced positive 12-month data from IMPERIAL trial »

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  • 09

    Oct

NITE

Nightstar Therapeutics

$25.64

-1.71 (-6.25%)

12:16
09/23/18
09/23
12:16
09/23/18
12:16
Hot Stocks
Nightstar reports proof of concept data from dose escalation in XIRIUS trial »

Nightstar Therapeutics…

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  • 24

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AERI

Aerie Pharmaceuticals

$58.50

0.1 (0.17%)

, AGN

Allergan

$191.34

-1.11 (-0.58%)

04:55
09/23/18
09/23
04:55
09/23/18
04:55
Conference/Events
European Society of Retina Specialists to hold a conference »

18th Congress of EURETINA…

AERI

Aerie Pharmaceuticals

$58.50

0.1 (0.17%)

AGN

Allergan

$191.34

-1.11 (-0.58%)

ALIM

Alimera Sciences

$1.07

(0.00%)

BABY

Natus Medical

$34.45

-0.2 (-0.58%)

BHC

Bausch Health

$24.92

-0.07 (-0.28%)

BAYRY

Bayer

$0.00

(0.00%)

ELXMF

Ellex Medical Lasers

$0.00

(0.00%)

GKOS

Glaukos

$58.78

-1.69 (-2.79%)

IRIX

IRIDEX

$6.52

0.08 (1.24%)

JNJ

Johnson & Johnson

$142.85

0.85 (0.60%)

NITE

Nightstar Therapeutics

$25.64

-1.71 (-6.25%)

NVS

Novartis

$85.46

-0.505 (-0.59%)

OCUL

Ocular Therapeutix

$6.45

0.03 (0.47%)

RHHBY

Roche

$0.00

(0.00%)

SHPG

Shire

$178.32

-1.68 (-0.93%)

STAA

STAAR Surgical

$47.00

-0.9 (-1.88%)

TMDI

Titan Medical

$2.24

0.02 (0.90%)

TTNP

Titan Pharmaceuticals

$0.22

-0.2833 (-56.66%)

03/08/13
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03/06/13
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03/06/13
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    Dec

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    Feb

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    Feb

CMCSA

Comcast

$37.91

0.1 (0.26%)

, CMCSK

Comcast

$0.00

(0.00%)

14:32
09/22/18
09/22
14:32
09/22/18
14:32
Periodicals
Comcast outbids Fox in battle for Sky, Reuters reports »

Comcast (CMCSA; CMCSK)…

CMCSA

Comcast

$37.91

0.1 (0.26%)

CMCSK

Comcast

$0.00

(0.00%)

FOX

21st Century Fox

$43.97

-0.23 (-0.52%)

FOXA

21st Century Fox

$44.33

-0.26 (-0.58%)

SKYAY

Sky

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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BOKF

BOK Financial

$104.69

-0.08 (-0.08%)

, COBZ

CoBiz Financial

$23.44

0.01 (0.04%)

13:36
09/22/18
09/22
13:36
09/22/18
13:36
Conference/Events
CoBiz Financial to host special shareholder meeting »

Special Shareholder…

BOKF

BOK Financial

$104.69

-0.08 (-0.08%)

COBZ

CoBiz Financial

$23.44

0.01 (0.04%)

03/08/13
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03/06/13
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03/06/13
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AMRH

AMERI Holdings

$1.44

-0.04 (-2.70%)

13:30
09/22/18
09/22
13:30
09/22/18
13:30
Conference/Events
AMERI Holdings to host special shareholder meeting »

Special Shareholder…

03/08/13
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  • 27

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BRK.A

Berkshire Hathaway

$331,710.00

-1090 (-0.33%)

13:26
09/22/18
09/22
13:26
09/22/18
13:26
Periodicals
Berkshire Hathaway still looks underpriced, Barron's says »

Class A shares of…

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