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BA

Boeing

$341.10

-13.69 (-3.86%)

, FDX

FedEx

$258.35

-5.295 (-2.01%)

17:32
06/19/18
06/19
17:32
06/19/18
17:32

Boeing announces FedEx order valued at $6.6B for 24 medium and large freighters

Boeing (BA) and FedEx Express (FDX) announced a new order for 12 767 Freighters and 12 777 Freighters as the world's largest air cargo carrier continues to invest in the industry's most capable freighters to better serve its customers. The new airplanes, valued at $6.6B at list prices, will appear on Boeing's Orders and Deliveries webpage once contingencies have been met. This order comes as the air cargo industry continues to gather strength. A year after demand grew by nearly 10%, global air freight is on track to increase by another four to five percent in 2018.

BA

Boeing

$341.10

-13.69 (-3.86%)

FDX

FedEx

$258.35

-5.295 (-2.01%)

  • 19

    Jun

  • 20

    Sep

  • 21

    Sep

BA Boeing
$341.10

-13.69 (-3.86%)

04/26/18
04/26/18
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. Twitter (TWTR) upgraded to Buy from Neutral at UBS, to Outperform from Neutral at Macquarie, and to Neutral from Underweight at Atlantic Equities. 2. Boeing (BA) upgraded to Buy from Hold at Societe Generale. 3. Chipotle (CMG) upgraded to Buy from Neutral at BTIG, to Buy from Hold at Canaccord, to Neutral from Sell at Guggenheim, and to Market Perform from Underperform at Cowen. 4. Wex (WEX) upgraded to Buy from Neutral at Citi with analyst Peter Christiansen saying despite rallying 28% in the past six months, the stock should "grind further on continued organic momentum, though importantly on favorable margin dynamics." 5. Anthem (ANTM) upgraded to Overweight from Neutral at JPMorgan with analyst Gary Taylor saying he continues to be comfortable with the near-term trajectory of medical cost trends for the health insurance industry and maintains a long-term preference to own payors over providers. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/09/18
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.
05/17/18
BERN
05/17/18
NO CHANGE
Target $422
BERN
Outperform
WTO rulings 'clearly in favor' of Boeing, says Bernstein
Bernstein analyst Douglas Harned commented on the WTO Appellate Body ruling on A350 and A380 launch aid. In a research note to investors, Harned contented that many findings went in Airbus' (EADSY) direction, he views the most important issues as A350 and A380 launch aid and that issues on earlier subsidies are "not considered relevant." The rulings on A350 and A380 launch aid, he said, appear to be "clearly in favor" of Boeing (BA), but added that it is unclear what scale of action is now warranted in response. He expects the AB's action related to EU claims of Boeing subsidies to come later this year. The analyst has an Outperform rating on Airbus and Boeing, with respective targets of EUR129 and $422.
06/15/18
BERN
06/15/18
NO CHANGE
Target $422
BERN
Outperform
Etihad fleet plan changes shouldn't be major issue for Boeing, says Bernstein
After The Wall Street Journal reported that Etihad Airways may seek to defer or cancel its 25 orders for Boeing (BA) 777Xs as part of a broad restructuring program, Bernstein analyst Douglas Harned said he expects the direct financial impact to be minimal as Boeing should be able to resell the slots for the five 777Xs expected to be delivered before 2022 and Etihad would have to pay penalties. While risk to the 777X program is a broader and more important concern, Harned noted that Boeing's CEO expressed confidence in 777X demand at Bernstein's conference just two weeks ago and the analyst sees very little long-term risk to this program. He keeps an Outperform rating and $422 price target on Boeing.
FDX FedEx
$258.35

-5.295 (-2.01%)

06/14/18
OPCO
06/14/18
NO CHANGE
Target $288
OPCO
Outperform
FedEx price target raised to $288 from $282 at Oppenheimer
Oppenheimer analyst Scott Schneeberger raised his price target for FedEx to $288 from $282 as he anticipates continued double-digit revenue growth in Q4 on strong business conditions across the company's Express, Ground and Freight segments. The analyst is confident the company achieves overall Q4 margin expansion year over year. He reiterates an Outperform rating on the shares.
06/14/18
COWN
06/14/18
NO CHANGE
Target $280
COWN
Outperform
FedEx should reach inflection for margin contraction during quarter, says Cowen
Cowen analyst Helane Becker noted FedEx will report Q4 earnings after the market closes on June 19 and she believes the quarter will mark an inflection for margin contraction. She expects to see improved margins at Ground and Freight due to solid pricing trends and ongoing volume growth. She also sees no lingering TNT issues at Express while the recent 30% increase in its dividend should be viewed favorably by investors. Becker reiterated her Outperform rating on FedEx shares.
06/15/18
FBCO
06/15/18
NO CHANGE
Target $306
FBCO
Outperform
Buy-side expectations for FedEx 'not elevated,' says Credit Suisse
Credit Suisse analyst Allison Landry maintained an Outperform rating and $306 price target on FedEx, telling investors in a research note that her sentiment survey suggests that many investors expect the company to guide in the $17.15-$17.65 range and that buy-side expectations are not elevated heading into the print. She says that the hurdle to clear for shares to move higher is not "overly difficult," but FedEx will need to issue guidance that "roughly brackets" the consensus, reiterate the Express profit improvement range by 2020 and "keep a lid on CapEx" at about $6B. The key for the stock to work for the foreseeable future is management commentary that can help investors bridge to 2020 earnings and/or free cash flow, she says.
06/19/18
ARGS
06/19/18
NO CHANGE
Target $290
ARGS
Buy
FedEx benefiting from growing e-commerce and strong consumer sector, says Argus
Argus analyst John Eade kept his Buy rating and $290 price target on FedEx ahead of its Q4 earnings later today, saying the stock is a "suitable core holding in a diversified portfolio". Eade notes the company has benefited from solid growth in the consumer sector and growth in e-commerce, which is still below 20% of its overall business. The analyst also expects the management to continue making investments in operations, improving efficiencies and growing margins. Eade also expects FedEx to return to double-digit core growth in FY19.

TODAY'S FREE FLY STORIES

NAVB

Navidea

$0.21

-0.0011 (-0.51%)

16:45
07/19/18
07/19
16:45
07/19/18
16:45
Conference/Events
Navidea to host business news update conference call »

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  • 19

    Jul

NGVT

Ingevity

$90.05

0.07 (0.08%)

16:42
07/19/18
07/19
16:42
07/19/18
16:42
Hot Stocks
Ingevity files suit against BASF for infringing on canister systems patent »

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PTCT

PTC Therapeutics

$36.61

1.59 (4.54%)

16:40
07/19/18
07/19
16:40
07/19/18
16:40
Hot Stocks
Breaking Hot Stocks news story on PTC Therapeutics »

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AEHR

Aehr Test Systems

$2.81

0.13 (4.85%)

16:38
07/19/18
07/19
16:38
07/19/18
16:38
Earnings
Aehr Test Systems reports Q4 EPS 2c vs. (3c) in Q417 »

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  • 19

    Jul

BANF

BancFirst

$62.05

0.2 (0.32%)

16:35
07/19/18
07/19
16:35
07/19/18
16:35
Earnings
BancFirst reports Q2 EPS 91c, consensus 85c »

Reports Q2 loan loss…

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ENFC

Entegra Financial

$30.15

0.05 (0.17%)

16:34
07/19/18
07/19
16:34
07/19/18
16:34
Earnings
Entegra Financial reports Q2 core EPS 53c, consensus 56c »

Net interest income…

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  • 20

    Jul

GBCI

Glacier Bancorp

$40.38

0.12 (0.30%)

16:33
07/19/18
07/19
16:33
07/19/18
16:33
Earnings
Glacier Bancorp reports Q2 EPS 52c, consensus 53c »

The current quarter…

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  • 20

    Jul

STXB

Spirit of Texas Bancshares

$20.45

0.12 (0.59%)

16:33
07/19/18
07/19
16:33
07/19/18
16:33
Hot Stocks
Spirit of Texas Bancshares to acquire Comanche National Corporation »

Spirit of Texas…

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  • 25

    Jul

DATA

Tableau

$110.44

-0.76 (-0.68%)

16:32
07/19/18
07/19
16:32
07/19/18
16:32
Hot Stocks
Tableau names Damon Fletcher as CFO »

Tableau Software…

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  • 02

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DAL

Delta Air Lines

$53.00

0.19 (0.36%)

16:31
07/19/18
07/19
16:31
07/19/18
16:31
Hot Stocks
Delta Air Lines, WestJet to create new transborder joint venture »

Delta Air Lines (NYSE:…

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16:30
07/19/18
07/19
16:30
07/19/18
16:30
Options
Preliminary option volume of 18.4M today »

Preliminary option volume…

FIVE

Five Below

$107.80

0.93 (0.87%)

16:29
07/19/18
07/19
16:29
07/19/18
16:29
Hot Stocks
Five Below chairman Thomas Vellios sells over $6.1M in company shares »

The Five Below chairman…

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FAM

First American

$10.06

-0.015 (-0.15%)

16:28
07/19/18
07/19
16:28
07/19/18
16:28
Hot Stocks
First American lowers monthly dividend to 7c from 7.5c per share »

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CE

Celanese

$109.84

-1.17 (-1.05%)

16:27
07/19/18
07/19
16:27
07/19/18
16:27
Earnings
Celanese sees FY18 adjusted EPS $10.50-$10.75, consensus $9.64 »

Sees FY18 free cash flow…

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  • 20

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  • 02

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CE

Celanese

$109.84

-1.17 (-1.05%)

16:26
07/19/18
07/19
16:26
07/19/18
16:26
Earnings
Celanese reports Q2 adjusted EPS $2.90, consensus $2.45 »

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  • 20

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  • 02

    Aug

EGP

EastGroup Properties

$95.77

1 (1.06%)

16:25
07/19/18
07/19
16:25
07/19/18
16:25
Earnings
Breaking Earnings news story on EastGroup Properties »

EastGroup Properties sees…

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  • 20

    Jul

CMCSA

Comcast

$34.91

0.88 (2.59%)

, FOXA

21st Century Fox

$46.55

-0.14 (-0.30%)

16:25
07/19/18
07/19
16:25
07/19/18
16:25
General news
Fly Intel: Wall Street's top stories for Thursday »

Stocks opened lower and…

CMCSA

Comcast

$34.91

0.88 (2.59%)

FOXA

21st Century Fox

$46.55

-0.14 (-0.30%)

DIS

Disney

$112.14

1.43 (1.29%)

CMCSK

Comcast

$0.00

(0.00%)

FOX

21st Century Fox

$46.19

-0.15 (-0.32%)

MSFT

Microsoft

$104.70

-0.38 (-0.36%)

SKYAY

Sky

$0.00

(0.00%)

IBM

IBM

$149.25

4.81 (3.33%)

AXP

American Express

$100.16

-2.82 (-2.74%)

EBAY

eBay

$34.11

-3.84 (-10.12%)

DM

Dominion Midstream

$16.75

3.1 (22.71%)

TCP

TC PipeLines

$35.22

7.55 (27.29%)

MRSN

Mersana Therapeutics

$11.24

-5.275 (-31.95%)

AA

Alcoa

$41.68

-6.22 (-12.99%)

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  • 19

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  • 01

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  • 06

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  • 07

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  • 08

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  • 08

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  • 04

    Sep

SKX

Skechers

$33.24

0.61 (1.87%)

16:23
07/19/18
07/19
16:23
07/19/18
16:23
Hot Stocks
Breaking Hot Stocks news story on Skechers »

Skechers plunges 21.2%…

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  • 19

    Jul

EGP

EastGroup Properties

$95.77

1 (1.06%)

16:23
07/19/18
07/19
16:23
07/19/18
16:23
Earnings
EastGroup Properties reports Q2 FFO $1.13 ex-items, consensus $1.12 »

Reports Q2 revenue…

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  • 20

    Jul

SWKS

Skyworks

$102.46

0.41 (0.40%)

16:22
07/19/18
07/19
16:22
07/19/18
16:22
Earnings
Breaking Earnings news story on Skyworks »

Skyworks up 2.8%…

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  • 19

    Jul

  • 14

    Aug

  • 04

    Sep

BDN

Brandywine Realty

$16.69

0.205 (1.24%)

16:22
07/19/18
07/19
16:22
07/19/18
16:22
Earnings
Brandywine Realty narrows FY18 FFO view to $1.35 - $1.41 from $1.34 - $1.42 »

FY18 consensus FFO is…

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  • 20

    Jul

INBK

First Internet Bancorp

$33.85

(0.00%)

16:21
07/19/18
07/19
16:21
07/19/18
16:21
Earnings
First Internet Bancorp reports Q2 EPS 67c, consensus 70c »

Net income increased $2.0…

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  • 31

    Jul

ASB

Associated Banc-Corp

$28.05

-0.3 (-1.06%)

16:21
07/19/18
07/19
16:21
07/19/18
16:21
Earnings
Associated Banc-Corp reports Q2 EPS 53c ex-items, consensus 48c »

Including acquisition…

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  • 19

    Jul

HIG

Hartford Financial

$52.67

-0.97 (-1.81%)

16:20
07/19/18
07/19
16:20
07/19/18
16:20
Hot Stocks
Hartford Financial raises quarterly dividend to 30c from 25c per share »

The dividend is payable…

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FTD

FTD Companies

$4.52

0.06 (1.35%)

16:20
07/19/18
07/19
16:20
07/19/18
16:20
Earnings
FTD Companies sees FY18 revenue $1.03B-$1.04B, consensus $1.07B »

Sees FY18 adjusted EBITDA…

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