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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

COF

Capital One

$86.62

-2 (-2.26%)

13:07
10/23/18
10/23
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10/23/18
13:07
Hot Stocks
OCC assesses $100M civil money penalty against Capital One »

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WFC

Wells Fargo

$51.29

-0.35 (-0.68%)

13:05
10/23/18
10/23
13:05
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13:05
Hot Stocks
Wells Fargo to hire new technology head to join Wells Fargo Operating Committee »

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LEN

Lennar

$40.79

1.42 (3.61%)

13:05
10/23/18
10/23
13:05
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13:05
Options
Lennar call volume above normal and directionally bullish »

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WAFD

Washington Federal

$27.60

-0.17 (-0.61%)

13:01
10/23/18
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13:01
Hot Stocks
Washington Federal names Thomas Kelley chairman »

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  • 07

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SELB

Selecta Biosciences

$9.78

-3.59 (-26.85%)

, HZNP

Horizon Pharma

$18.70

-0.55 (-2.86%)

13:01
10/23/18
10/23
13:01
10/23/18
13:01
Recommendations
Selecta Biosciences, Horizon Pharma analyst commentary  »

Selecta stock reaction to…

SELB

Selecta Biosciences

$9.78

-3.59 (-26.85%)

HZNP

Horizon Pharma

$18.70

-0.55 (-2.86%)

03/08/13
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  • 23

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T

AT&T

$32.70

0.04 (0.12%)

, BA

Boeing

$348.11

-7.87 (-2.21%)

13:00
10/23/18
10/23
13:00
10/23/18
13:00
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

T

AT&T

$32.70

0.04 (0.12%)

BA

Boeing

$348.11

-7.87 (-2.21%)

UPS

UPS

$113.87

-1.73 (-1.50%)

TMO

Thermo Fisher

$221.04

-4.71 (-2.09%)

GD

General Dynamics

$187.12

-2.94 (-1.55%)

NOC

Northrop Grumman

$301.05

-5.72 (-1.86%)

BSX

Boston Scientific

$35.83

-0.8 (-2.18%)

NSC

Norfolk Southern

$157.12

-6.82 (-4.16%)

ITW

Illinois Tool Works

$123.90

-3.5 (-2.75%)

SIRI

Sirius XM

$6.00

-0.025 (-0.42%)

HLT

Hilton

$68.48

-1.69 (-2.41%)

FCX

Freeport McMoRan

$11.52

-0.485 (-4.04%)

QSR

Restaurant Brands

$56.46

-0.19 (-0.34%)

NDAQ

Nasdaq

$80.88

-0.13 (-0.16%)

IVZ

Invesco

$20.96

-0.16 (-0.76%)

OC

Owens Corning

$47.39

-1.33 (-2.73%)

NYCB

New York Community Bancorp

$9.26

-0.12 (-1.28%)

03/08/13
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  • 06

    Nov

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    Nov

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    Nov

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    Dec

SIX

Six Flags

$64.08

-1.52 (-2.32%)

, TER

Teradyne

$32.00

-0.29 (-0.90%)

12:57
10/23/18
10/23
12:57
10/23/18
12:57
Earnings
Notable companies reporting after market close »

Notable companies…

SIX

Six Flags

$64.08

-1.52 (-2.32%)

TER

Teradyne

$32.00

-0.29 (-0.90%)

JNPR

Juniper

$27.65

-0.83 (-2.91%)

TSS

TSYS

$91.75

-1.72 (-1.84%)

EW

Edwards Lifesciences

$147.25

-2.23 (-1.49%)

COF

Capital One

$86.67

-1.95 (-2.20%)

ILMN

Illumina

$309.61

-7.61 (-2.40%)

CB

Chubb

$126.79

-0.34 (-0.27%)

TXN

Texas Instruments

$98.85

-0.89 (-0.89%)

NAVI

Navient

$12.27

-0.26 (-2.08%)

IRBT

iRobot

$90.75

-0.03 (-0.03%)

HA

Hawaiian Holdings

$33.24

-1.36 (-3.93%)

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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    Oct

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    Oct

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    Oct

  • 09

    Nov

SBUX

Starbucks

$59.10

0.19 (0.32%)

12:55
10/23/18
10/23
12:55
10/23/18
12:55
Periodicals
Starbucks opens first sign language store in D.C., AP reports »

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  • 01

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    Dec

TTWO

Take-Two

$118.48

-2.03 (-1.68%)

, SNE

Sony

$54.73

-1.05 (-1.88%)

12:54
10/23/18
10/23
12:54
10/23/18
12:54
OnTheFly
Game On: Morgan Stanley sees big changes to gaming console market »

NEW RELEASES: The major…

TTWO

Take-Two

$118.48

-2.03 (-1.68%)

SNE

Sony

$54.73

-1.05 (-1.88%)

MSFT

Microsoft

$106.92

-2.72 (-2.48%)

UBSFY

Ubisoft

$0.00

(0.00%)

NTDOY

Nintendo

$0.00

(0.00%)

ATVI

Activision Blizzard

$68.32

-1.46 (-2.09%)

EA

Electronic Arts

$99.12

-2.25 (-2.22%)

GOOG

Alphabet

$1,090.88

-9.64 (-0.88%)

GOOGL

Alphabet Class A

$1,100.71

-10.49 (-0.94%)

AMZN

Amazon.com

$1,744.10

-44.9 (-2.51%)

03/08/13
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  • 07

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    Nov

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    Nov

  • 03

    Mar

SELB

Selecta Biosciences

$10.01

-3.36 (-25.13%)

12:54
10/23/18
10/23
12:54
10/23/18
12:54
Hot Stocks
Selecta Biosciences slides after new interim data from Phase 2 trial of SEL-212 »

Shares of Selecta…

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  • 23

    Oct

SCYX

Scynexis

$0.94

-0.0491 (-4.99%)

12:53
10/23/18
10/23
12:53
10/23/18
12:53
Recommendations
Scynexis analyst commentary  »

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  • 27

    Nov

AKAM

Akamai

$64.21

-1.04 (-1.59%)

12:53
10/23/18
10/23
12:53
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12:53
Hot Stocks
Verimatrix acquires the assets of AIS from Akamai »

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  • 29

    Oct

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    Nov

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    Nov

ASTE

Astec

$38.67

-8.65 (-18.28%)

12:50
10/23/18
10/23
12:50
10/23/18
12:50
Downgrade
Astec rating change  »

Astec downgraded to…

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  • 23

    Oct

AAL

American Airlines

$31.72

-0.45 (-1.40%)

12:50
10/23/18
10/23
12:50
10/23/18
12:50
Options
10K American Airlines Nov 32 calls bought for $1.25, tied to 400K shares »

10K American Airlines Nov…

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  • 25

    Oct

SELB

Selecta Biosciences

$9.80

-3.57 (-26.70%)

12:47
10/23/18
10/23
12:47
10/23/18
12:47
Recommendations
Selecta Biosciences analyst commentary  »

Selecta Biosciences…

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  • 23

    Oct

SPY

SPDR S&P 500 ETF Trust

$271.39

-3.63 (-1.32%)

, SPX

S&P 500

$0.00

(0.00%)

12:47
10/23/18
10/23
12:47
10/23/18
12:47
Periodicals
Top White House advisor Kudlow says new tax cuts may be delayed, Hill says »

According to the Hill, On…

SPY

SPDR S&P 500 ETF Trust

$271.39

-3.63 (-1.32%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
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ASTE

Astec

$38.42

-8.9 (-18.81%)

12:45
10/23/18
10/23
12:45
10/23/18
12:45
Downgrade
Astec rating change  »

Astec downgraded to…

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  • 23

    Oct

12:45
10/23/18
10/23
12:45
10/23/18
12:45
General news
FX Action: USD-CAD »

FX Action: USD-CAD fell…

KHC

Kraft Heinz

$55.92

-0.3 (-0.53%)

12:41
10/23/18
10/23
12:41
10/23/18
12:41
Periodicals
Kraft Heinz to sell Indian asset portfolio to Zydus, Bloomberg reports »

Kraft Heinz has agreed to…

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  • 28

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  • 01

    Nov

V

Visa

$137.16

-3.48 (-2.47%)

12:40
10/23/18
10/23
12:40
10/23/18
12:40
Options
Visa calls lead puts 2:1 in heavy option volume as earnings approach »

Visa calls lead puts 2:1…

03/08/13
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  • 24

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    Nov

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    Jan

LH

LabCorp

$166.46

-2.9 (-1.71%)

12:35
10/23/18
10/23
12:35
10/23/18
12:35
Recommendations
LabCorp analyst commentary  »

LabCorp recent selloff…

03/08/13
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  • 24

    Oct

ABX

Barrick Gold

$13.36

0.27 (2.06%)

, GOLD

Randgold

$83.26

1.47 (1.80%)

12:35
10/23/18
10/23
12:35
10/23/18
12:35
Hot Stocks
Barrick Gold says Glass Lewis urges holders vote for merger resolutions »

Barrick Gold Corporation…

ABX

Barrick Gold

$13.36

0.27 (2.06%)

GOLD

Randgold

$83.26

1.47 (1.80%)

03/08/13
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12:35
10/23/18
10/23
12:35
10/23/18
12:35
General news
Treasury 2-year auction preview: the auction should go ok »

Treasury 2-year auction…

HZNP

Horizon Pharma

$18.06

-1.19 (-6.18%)

, SELB

Selecta Biosciences

$9.72

-3.65 (-27.30%)

12:33
10/23/18
10/23
12:33
10/23/18
12:33
Recommendations
Horizon Pharma, Selecta Biosciences analyst commentary  »

Cowen says Horizon…

HZNP

Horizon Pharma

$18.06

-1.19 (-6.18%)

SELB

Selecta Biosciences

$9.72

-3.65 (-27.30%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 23

    Oct

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    Oct

  • 07

    Nov

  • 27

    Nov

CIDM

Cinedigm

$0.94

(0.00%)

12:33
10/23/18
10/23
12:33
10/23/18
12:33
Hot Stocks
Cinedigm in partnership with Chinese streaming channel Youku »

Cinedigm announced a…

03/08/13
Wedge Partners
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  • 29

    Nov

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