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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

ENIA

Enel Americas

$9.25

-0.08 (-0.86%)

19:01
06/17/18
06/17
19:01
06/17/18
19:01
Upgrade
Enel Americas rating change at Goldman Sachs »

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03/08/13
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UL

Unilever; also tag UN

$54.26

0.64 (1.19%)

, UN

Unilever; also tag UL

$54.74

0.7 (1.30%)

18:55
06/17/18
06/17
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06/17/18
18:55
Periodicals
Unilever taking stand against digital media's fake followers, Reuters says »

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UL

Unilever; also tag UN

$54.26

0.64 (1.19%)

UN

Unilever; also tag UL

$54.74

0.7 (1.30%)

03/08/13
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03/06/13
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TWX

Time Warner

$98.91

(0.00%)

, CMCSA

Comcast

$33.85

0.03 (0.09%)

16:58
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06/17
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Hot Stocks
Box Office Battle: 'Incredibles 2' breaks record with $180M »

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TWX

Time Warner

$98.91

(0.00%)

CMCSA

Comcast

$33.85

0.03 (0.09%)

CMCSK

Comcast

$0.00

(0.00%)

SNE

Sony

$49.11

-0.02 (-0.04%)

FOX

21st Century Fox

$44.57

0.14 (0.32%)

FOXA

21st Century Fox

$44.60

0.03 (0.07%)

LGF.A

Lionsgate

$26.57

1.52 (6.07%)

DIS

Disney

$108.91

0.15 (0.14%)

VIAB

Viacom

$29.40

0.49 (1.69%)

VIA

Viacom

$33.95

0.15 (0.44%)

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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OAS

Oasis Petroleum

$12.01

-0.63 (-4.98%)

, OMP

Oasis Midstream Partners

$17.29

-1.02 (-5.57%)

16:46
06/17/18
06/17
16:46
06/17/18
16:46
Conference/Events
JPMorgan to hold a conference »

3rd Annual Energy Equity…

OAS

Oasis Petroleum

$12.01

-0.63 (-4.98%)

OMP

Oasis Midstream Partners

$17.29

-1.02 (-5.57%)

SRCE

1st Source

$55.36

0.13 (0.24%)

LGCY

Legacy Reserves

$6.07

-0.03 (-0.49%)

EVA

Enviva

$29.35

0.15 (0.51%)

CRC

California Resources

$35.03

-2.57 (-6.84%)

INSM

Insmed

$26.74

-1.5 (-5.31%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 18

    Jun

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    Sep

16:43
06/17/18
06/17
16:43
06/17/18
16:43
Conference/Events
Leerink to hold a tour »

Ribs N' Bones Bus…

16:40
06/17/18
06/17
16:40
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16:40
Conference/Events
Citigroup to hold a conference »

2018 European Healthcare…

GM

General Motors

$43.91

0.32 (0.73%)

, FCAU

Fiat Chrysler

$20.86

-0.37 (-1.74%)

16:38
06/17/18
06/17
16:38
06/17/18
16:38
Periodicals
Automakers putting smaller engines into big trucks, WSJ reportsFord »

U.S. auto makers are…

GM

General Motors

$43.91

0.32 (0.73%)

FCAU

Fiat Chrysler

$20.86

-0.37 (-1.74%)

F

Ford

$11.88

-0.01 (-0.08%)

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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  • 20

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MSFT

Microsoft

$100.24

-1.14 (-1.12%)

, GOOGL

Alphabet Class A

$1,159.03

-1.08 (-0.09%)

16:34
06/17/18
06/17
16:34
06/17/18
16:34
Periodicals
Microsoft is fixing office, WSJ reports »

The new version of…

MSFT

Microsoft

$100.24

-1.14 (-1.12%)

GOOGL

Alphabet Class A

$1,159.03

-1.08 (-0.09%)

GOOG

Alphabet

$1,151.95

-0.05 (-0.00%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 18

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    Oct

16:34
06/17/18
06/17
16:34
06/17/18
16:34
Conference/Events
Deutsche Bank to hold a conference »

Taiwan Auto Electronics…

WFC

Wells Fargo

$54.99

0.23 (0.42%)

, MS

Morgan Stanley

$51.17

-0.12 (-0.23%)

16:33
06/17/18
06/17
16:33
06/17/18
16:33
Conference/Events
Federal Reserve Bank of New York to hold a conference »

Reforming Culture &…

WFC

Wells Fargo

$54.99

0.23 (0.42%)

MS

Morgan Stanley

$51.17

-0.12 (-0.23%)

BAC

Bank of America

$29.27

-0.24 (-0.81%)

C

Citi

$66.34

0.18 (0.27%)

WBK

Westpac Banking

$20.67

0.125 (0.61%)

GS

Goldman Sachs

$232.00

-1.695 (-0.73%)

BCS

Barclays

$10.59

-0.225 (-2.08%)

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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F

Ford

$11.88

-0.01 (-0.08%)

16:25
06/17/18
06/17
16:25
06/17/18
16:25
Hot Stocks
Ford acquires Michigan Central Station »

Ford Motor has acquired…

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BMY

Bristol-Myers

$54.81

1.165 (2.17%)

16:22
06/17/18
06/17
16:22
06/17/18
16:22
Hot Stocks
Bristol-Myers' ELOQUENT-3 trial meets primary endpoint »

Bristol-Myers Squibb…

03/08/13
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  • 26

    Jun

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    Jul

PTCT

PTC Therapeutics

$37.57

-0.75 (-1.96%)

, RHHBY

Roche

$0.00

(0.00%)

16:18
06/17/18
06/17
16:18
06/17/18
16:18
Hot Stocks
PTC Therapeutics presents updated preliminary data from SMA FIREFISH Program »

PTC Therapeutics (PTCT)…

PTCT

PTC Therapeutics

$37.57

-0.75 (-1.96%)

RHHBY

Roche

$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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CYTK

Cytokinetics

$9.95

0.5 (5.29%)

16:15
06/17/18
06/17
16:15
06/17/18
16:15
Hot Stocks
Cytokinetics announces data from Phase 2 clinical study of Reldesemtiv in SMA »

Cytokinetics announced…

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PERY

Perry Ellis

$27.92

0.31 (1.12%)

16:12
06/17/18
06/17
16:12
06/17/18
16:12
Hot Stocks
Perry Ellis enters into $437M transaction to become private company »

Perry Ellis International…

03/08/13
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VSTM

Verastem

$6.53

0.95 (17.03%)

16:08
06/17/18
06/17
16:08
06/17/18
16:08
Hot Stocks
Verastem presents duvelisib data at EHA 2018 annual meeting »

Verastem announced one…

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  • 05

    Oct

IQ

iQIYI

$40.16

-0.44 (-1.08%)

16:05
06/17/18
06/17
16:05
06/17/18
16:05
Hot Stocks
iQIYI obtains broadcasting rights for all four golf majors »

iQIYI announced it had…

03/08/13
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03/06/13
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HD

Home Depot

$200.55

0.86 (0.43%)

15:56
06/17/18
06/17
15:56
06/17/18
15:56
Conference/Events
Home Depot participates in a field trip with UBS »

Field Trip to Atlanta, GA…

03/08/13
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PAY

Verifone

$22.84

0.01 (0.04%)

15:28
06/17/18
06/17
15:28
06/17/18
15:28
Conference/Events
Verifone to host special shareholder meeting »

Special Shareholder…

03/08/13
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CACI

CACI

$167.60

1.1 (0.66%)

14:18
06/17/18
06/17
14:18
06/17/18
14:18
Conference/Events
CACI to hold a webcast »

Management discusses…

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  • 21

    Jun

ARGX

Argenx

$92.38

-3.32 (-3.47%)

14:11
06/17/18
06/17
14:11
06/17/18
14:11
Conference/Events
Argenx to hold a KOL breakfast symposium »

Management holds a Key…

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  • 20

    Jun

PTC

PTC

$94.87

-0.46 (-0.48%)

14:06
06/17/18
06/17
14:06
06/17/18
14:06
Conference/Events
PTC to host analyst day »

Analyst Day to be held in…

03/08/13
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13:41
06/17/18
06/17
13:41
06/17/18
13:41
Conference/Events
Federal Reserve Bank of Atlanta president speaks at a meeting »

Atlanta Federal Reserve…

VRX

Valeant

$26.86

0.06 (0.22%)

13:31
06/17/18
06/17
13:31
06/17/18
13:31
Conference/Events
Breaking Conference/Events news story on Valeant »

FDA PDUFA Date for…

03/08/13
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  • 18

    Jun

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    Aug

WMGI

Wright Medical

$25.83

-0.26 (-1.00%)

13:27
06/17/18
06/17
13:27
06/17/18
13:27
Conference/Events
Wright Medical management to meet with Leerink »

Meeting to be held on…

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