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F

Ford

$12.02

-0.095 (-0.78%)

06:13
06/14/18
06/14
06:13
06/14/18
06:13

Ford issues two safety recalls in North America, expands one recall

Ford is issuing two safety recalls and expanding one recall in North America. Ford is issuing a safety recall in North America for approximately 7,500 2018 Ford F-150, Expedition and Lincoln Navigator vehicles equipped with a 3.5-liter GTDI V6 engine for high-pressure fuel pumps with misaligned welds. On the affected vehicles, the high-pressure fuel pump assembly may have inadequate welds between the pump housing and its mounting flange. As a result, the fuel pump welds in these vehicles may be susceptible to high-cycle fatigue fractures that could cause the fuel pump to move relative to its mounting flange, resulting in eventual loss of the sealing integrity of the cam cover or the fuel lines and an oil or fuel leak, increasing the risk of fire. The recall involves approximately 7,580 vehicles in North America, with 5,645 in the United States and federalized territories, 1,625 in Canada and 310 in Mexico. The Ford reference number for this recall is 18S17. Ford is issuing a safety recall in North America for approximately 1,500 2018 Ford F-650 and F-750 vehicles with hydraulic brake systems for missing brake hose corrosion protection plating. On the affected vehicles, some primary and/or secondary brake circuit hose assemblies located between the master cylinder and the hydraulic control unit may not have the specified anti-corrosion plating on the metal ferrules that attach a flexible braided steel hose to metal tubes. Affected vehicles include 2018 Ford F-650 and F-750 vehicles built at Ohio Assembly Plant between Jan. 26, 2018 and March 13, 2018. The recall involves approximately 1,485 vehicles in North America, with 1,474 in the United States and 11 in Canada. The Ford reference number for this recall is 18S19. Ford is including an additional 27 2018 Ford Edge, 2018 Ford Fusion and 2017 Lincoln MKZ vehicles in an existing safety recall for Ford Edge, Fusion and Lincoln MKZ vehicles equipped with a 2.0-liter gas engine and 6F35 transmissions in North America that may have torque converters with inadequately welded studs. The recall now involves approximately 6,063 vehicles in North America, including 5,352 in the United States and federalized territories, 699 in Canada and 12 in Mexico.

F Ford
$12.02

-0.095 (-0.78%)

06/06/18
MSCO
06/06/18
NO CHANGE
Target $16
MSCO
Overweight
Morgan Stanley questions if Ford has a 'business problem or a marketing problem'
Morgan Stanley analyst Adam Jonas estimate that Ford's F-Series pickup truck will produce $42B of revenues in 2018 and produce net income of approximately $6.5B. Excluding Ford Motor, he believes the F-Series franchise would rank #72 on the Fortune 500 list by revenues and that the F-Series ranks "well inside the top 50 companies" in the U.S. in terms of profitability. Given these estimates, Jonas wonders in his note to investors whether Ford has "a business problem or a marketing problem," questioning if the stock market just does "not appreciate the extremely large value of the F-Series business" or if it offsets this large value with "an implied large negative value" of over $10B for the rest of Ford's business. Jonas maintains an Overweight rating and $16 price target on Ford shares.
06/06/18
MSCO
06/06/18
NO CHANGE
MSCO
Morgan Stanley says Softbank stake in Cruise significant 'far beyond' just GM
Morgan Stanley analyst Adam Jonas said Softbank's (SFTBF) recently announced investment in GM Cruise "carries significance far beyond" General Motors (GM), arguing that the increasingly conspicuous involvement of "outside validators" such as large-cap tech firms and prominent investors can accelerate perception change in the capital markets about "Auto 2.0." He envisions the possible formation of two different companies currently held under one automaker's roof, which he dubs an Auto 2.0 "Yieldco" and an Auto 2.0 "Growthco." Converting car owners into monthly subscribers could open up significant revenue, profit, and value opportunities for traditional automakers, argues Jonas in a note to investors. Other automaking "OEMs" include Ford (F), Daimler (DDAIF), Toyota (TM), Honda (HMC), Fiat Chrysler (FCAU) and BMW Group (BAMXY).
05/29/18
05/29/18
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. Ford (F) upgraded to Buy from Hold at Jefferies with analyst Philippe Houchois saying the company is getting no credit for its "ambitious but credible" cost targets and "strategic levers" to improve market and product exposure. 2. Roku (ROKU) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Benjamin Swinburne saying the shares are now down over 25% year-to-date while the company's "core fundamentals," such as ARPU and user growth, have been consistently coming in ahead of his prior expectations. 3. Phillips 66 (PSX) upgraded to Outperform from Market Perform at Wells Fargo with analyst Roger Read saying the IMO 2020 low sulfur marine fuel rule in his estimation will be a positive for the U.S. Independent Refiners. 4. Agnico Eagle (AEM) upgraded to Outperform from Market Perform at BMO Capital with analyst Andrew Kaip saying the company stands to benefit from "solid production growth" of 30% through 2020 following the addition of Meliadine assets into the pipeline and an improving free cash flow profile. 5. Occidental Petroleum (OXY) upgraded to Overweight from Equalweight at Capital One. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/29/18
JEFF
05/29/18
UPGRADE
Target $14
JEFF
Buy
Ford upgraded to Buy from Hold at Jefferies
Jefferies analyst Philippe Houchois upgraded Ford Motor to Buy and raised his price target for the shares to $14 from $13. The stock closed Friday down 11c to $11.51. The company is getting no credit for its "ambitious but credible" cost targets and "strategic levers" to improve market and product exposure, Houchois tells investors in a research note. The analyst thinks Ford is early among global carmakers in reevaluating how it allocates capital. Ford is his top pick among U.S. car manufacturers.

TODAY'S FREE FLY STORIES

$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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12:15
06/19/18
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Conference/Events
Stephens food/agribusiness analyst to hold an analyst/industry conference call »

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MUX

McEwen Mining

$2.18

0.035 (1.64%)

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  • 26

    Jun

GFN

General Finance Corp

$11.85

-0.05 (-0.42%)

12:10
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Havner Family Trust buys 10K shares of General Finance »

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LVS

Las Vegas Sands

$79.70

-0.83 (-1.03%)

12:10
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Put buyer opens downside hedge in Las Vegas Sands after record high »

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PTC

PTC

$97.72

-0.08 (-0.08%)

12:07
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PTC, Elysium announce new design, validation app for ThingWorx Navigate »

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KMI

Kinder Morgan

$17.21

0.04 (0.23%)

12:05
06/19/18
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Options
Kinder Morgan call volume above normal and directionally bullish »

Bullish option flow…

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TMUS

T-Mobile

$60.53

0.16 (0.27%)

, S

Sprint

$5.56

0.01 (0.18%)

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Hot Stocks
T-Mobile, Sprint officially file merger plans with FCC »

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TMUS

T-Mobile

$60.53

0.16 (0.27%)

S

Sprint

$5.56

0.01 (0.18%)

DTEGY

Deutsche Telekom

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FB

Facebook

$195.71

-2.59 (-1.31%)

12:01
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Periodicals
Facebook misses 'deadline' to answer Senator's questions, Bloomberg says »

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  • 19

    Jun

TCI

Transcontinental Realty Inc

$36.00

2.54 (7.59%)

12:00
06/19/18
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Transcontinental Realty, Adobe Properties say advisor may make stock purchases »

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SMAR

Smartsheet

$29.00

-3.07 (-9.57%)

12:00
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Smartsheet falls -9.9% »

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SYX

Systemax

$35.40

-4 (-10.15%)

12:00
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Systemax falls -10.5% »

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UTX

United Technologies

$125.30

-2.2 (-1.73%)

, EADSY

Airbus

$0.00

(0.00%)

12:00
06/19/18
06/19
12:00
06/19/18
12:00
Periodicals
Pratt & Whitney close to fix for part that delayed Airbus jets, Bloomberg says »

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UTX

United Technologies

$125.30

-2.2 (-1.73%)

EADSY

Airbus

$0.00

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PAGS

PagSeguro Digital

$27.24

-4.92 (-15.30%)

12:00
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PagSeguro Digital falls -15.1% »

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  • 22

    Jun

EBR

Centrais Electricas

$3.71

0.21 (6.00%)

12:00
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Centrais Electricas rises 6.3% »

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UVXY

ProShares Trust Ultra VIX Short Term Futures ETF

$10.44

0.795 (8.24%)

12:00
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ProShares Trust Ultra VIX Short Term Futures ETF rises 8.0% »

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COTV

Cotiviti Holdings

$44.02

4.13 (10.35%)

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Cotiviti Holdings rises 10.4% »

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ARRY

Array BioPharma

$17.90

0.4 (2.29%)

11:57
06/19/18
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Conference/Events
Array BioPharma to hold a conference call »

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  • 20

    Jun

  • 30

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    Jun

VZ

Verizon

$48.69

1.23 (2.59%)

11:57
06/19/18
06/19
11:57
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11:57
Periodicals
Verizon to cease sharing phone-location data of customers, Reuters reports »

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  • 20

    Jun

USCR

U.S. Concrete

$63.30

-1.1 (-1.71%)

11:53
06/19/18
06/19
11:53
06/19/18
11:53
Hot Stocks
U.S. Concrete rating downgraded to B2 from B1 by Moody's »

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  • 28

    Jun

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    Jun

JD

JD.com

$41.57

-2.18 (-4.98%)

11:50
06/19/18
06/19
11:50
06/19/18
11:50
Options
Continued interest in JD Jun 22nd 45 calls even as shares slide »

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11:50
06/19/18
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11:50
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11:50
General news
Treasury's bill auctions were about average »

Treasury's bill…

KO

Coca-Cola

$43.57

0.01 (0.02%)

11:47
06/19/18
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Arby's announces conversion to Coca-Cola beverages »

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FOX

21st Century Fox

$44.44

0.09 (0.20%)

, FOXA

21st Century Fox

$44.70

0.145 (0.33%)

11:43
06/19/18
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Hot Stocks
21st Century Fox says 'looks forward' to final decision clearing transaction »

21st Century Fox (FOXA)…

FOX

21st Century Fox

$44.44

0.09 (0.20%)

FOXA

21st Century Fox

$44.70

0.145 (0.33%)

SKYAY

Sky

$0.00

(0.00%)

DIS

Disney

$106.00

-1.05 (-0.98%)

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