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NAV

Navistar

$43.06

-0.64 (-1.46%)

, PCAR

Paccar

$61.84

0.95 (1.56%)

09:22
07/10/18
07/10
09:22
07/10/18
09:22

Heavy Duty Truck sector has improved, says OTR Global

OTR Global's checks with suppliers indicate the outlook for heavy-duty trucks has improved in the United States and Western Europe, but notes strong 2019 expectations could be capped by supply constraints of components. The firm's reads on Navistar (NAV) and Paccar (PCAR) remain positive.

NAV

Navistar

$43.06

-0.64 (-1.46%)

PCAR

Paccar

$61.84

0.95 (1.56%)

NAV Navistar
$43.06

-0.64 (-1.46%)

07/05/18
MZHO
07/05/18
NO CHANGE
MZHO
June Class 8 truck orders rose 'astounding' 133% year-over-year, says Mizuho
June Class 8 truck orders didn't just beat estimates, the actual number "made everyone look silly," Mizuho analyst Kristine Kubacki tells investors in a research note. Class 8 orders surged to 42,200 units in June, up an "astonishing" 133% year-over-year, Kubacki writes. The number handily beat the 30,000 mid-point of her estimate. Publicly traded truck makers and suppliers include Daimler AG (DDAIF), Paccar (PCAR), CNH Industrial (CNHI), Navistar (NAV), Cummins (CMI) and Allison Transmission (ALSN). :theflyo
06/15/18
JEFF
06/15/18
NO CHANGE
Target $53
JEFF
Buy
As VW appointment drives Navistar speculation, Jefferies sees eventual buyout
Noting that Navistar (NAV) shares are rising amid broader market weakness today following a Reuters report that Volkswagen (VLKAY) has appointed a new CFO noted to be an M&A expert, Jefferies analyst Stephen Volkmann said he continues to believe Volkswagen will pursue full ownership of Navistar, although he calls the timing of such an event "highly uncertain." He maintains a Buy rating and "Street high" price target of $53 on Navistar shares.
06/06/18
BARD
06/06/18
NO CHANGE
Target $53
BARD
Navistar continues to deliver on its turnaround, says Baird
Baird analyst David Leiker said Navistar continues to deliver on its turnaround with solid Q2 results, raised guidance for the second half of the year, and boosting its cash flow targets. The analyst sees several incremental drivers coming into view and expects further margin recovery driven by incremental sales. Leiker reiterated his Outperform rating and $53 price target on Navistar shares.
06/01/18
06/01/18
UPGRADE
Target $50

Buy
Navistar upgraded to Buy on Class 8 demand, A26 installation rates at Longbow
As previously reported, Longbow upgraded Navistar to Buy from Neutral with a $50 price target. Analyst Faheem Sabeiha has a more positive view following a stronger outlook from contacts and positive market share progression. Sabeiha's 2018 Class 8 dealer checks indicate stronger replacement demand with a growth outlook of +30%, up from +25-30% prior, increased installation rate of Navistar's A26 engine of +25-30% this year, versus 21% in 2017, due to increased performance and availability, and a largely normal pricing environment. The analyst expects the Truck Segment to return to profitability in 2018 and for the company to raise its industry and financial guidance on the Q2 earnings call on June 5.
PCAR Paccar
$61.84

0.95 (1.56%)

07/02/18
BARD
07/02/18
DOWNGRADE
BARD
Underperform
Paccar downgraded to Underperform from Neutral at Baird
06/29/18
MZHO
06/29/18
INITIATION
Target $70
MZHO
Neutral
Paccar initiated with a Neutral at Mizuho
Mizuho started Paccar with a Neutral rating and $70 price target.
06/05/18
06/05/18
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. Discovery (DISCA) upgraded to Buy from Neutral at MKM Partners with analyst Eric Handler citing attractive growth opportunities, a deleveraging balance sheet and a low valuation that make for an "appealing" risk/reward. 2. Occidental Petroleum (OXY) upgraded to Buy from Neutral at Citi with analyst Robert Morris citing the midstream benefit of wider midland-MEH differentials for his upgrade. 3. Noble Corp. (NE) upgraded to Market Perform from Underperform at Bernstein with analyst Colin Davies citing its strong exposure to the high specification jack up sector where the market has found a floor and there is some tentative evidence of rate improvement. 4. Paccar (PCAR) upgraded to Outperform from Neutral at Macquarie with analyst Sameer Rathod saying his proprietary used truck value analysis indicates Paccar branded trucks continue to increase in value, and highlights that low-age Paccar trucks continue to recover faster than older models, indicating a shortage of new trucks. 5. Gerdau (GGB) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Carlos De Alba saying he thinks the 25% tariffs on EU steel is positive for Gerdau's U.S. realized prices. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

LTHM

Livent

$16.11

-0.14 (-0.86%)

11:31
10/15/18
10/15
11:31
10/15/18
11:31
Initiation
Livent initiated  »

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PX

Praxair

$158.82

2.62 (1.68%)

, LNEGY

Linde

$0.00

(0.00%)

11:27
10/15/18
10/15
11:27
10/15/18
11:27
Hot Stocks
Linde, Praxair announce squeeze-out of remaining Linde shareholders »

Linde (LNEGY) and Praxair…

PX

Praxair

$158.82

2.62 (1.68%)

LNEGY

Linde

$0.00

(0.00%)

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CVS

CVS Health

$73.76

-0.73 (-0.98%)

11:25
10/15/18
10/15
11:25
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11:25
Conference/Events
Economic Club of Washington, D.C. to hold luncheon meeting »

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S

Sprint

$6.35

-0.04 (-0.63%)

11:20
10/15/18
10/15
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11:20
Options
Size ratio spread in Sprint »

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11:20
10/15/18
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11:20
10/15/18
11:20
General news
FX Action: USD-JPY »

FX Action: USD-JPY has…

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
10/15/18
10/15
11:17
10/15/18
11:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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HBAN

Huntington Bancshares

$14.29

-0.08 (-0.56%)

11:17
10/15/18
10/15
11:17
10/15/18
11:17
Technical Analysis
Technical Take: Huntington Bancshares breaks support »

The shares are down 0.7%…

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PAR

PAR Technology

$20.31

-0.69 (-3.29%)

11:16
10/15/18
10/15
11:16
10/15/18
11:16
Hot Stocks
Voss Capital supports ADW's call for PAR Technology board to pursue alternatives »

Voss Capital, LLC, which…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
10/15/18
10/15
11:16
10/15/18
11:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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WB

Weibo

$59.01

-0.67 (-1.12%)

11:15
10/15/18
10/15
11:15
10/15/18
11:15
Options
Weibo put volume heavy and directionally bearish »

Bearish flow noted in…

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11:15
10/15/18
10/15
11:15
10/15/18
11:15
General news
Breaking General news story  »

3-Month Bill Auction to…

11:15
10/15/18
10/15
11:15
10/15/18
11:15
General news
Breaking General news story  »

6-Month Bill Auction to…

11:13
10/15/18
10/15
11:13
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11:13
Hot Stocks
Breaking Hot Stocks news story  »

Bio Rad Laboratories…

11:10
10/15/18
10/15
11:10
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11:10
General news
Treasury announced a $25 B 8-week bill for the inaugural sale Tuesday »

Treasury announced a $25…

TXT

Textron

$65.88

0.81 (1.24%)

11:06
10/15/18
10/15
11:06
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11:06
Hot Stocks
TRU Simulation + Training, FlightSafety International enter LOI to form JV »

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  • 18

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11:05
10/15/18
10/15
11:05
10/15/18
11:05
Hot Stocks
Breaking Hot Stocks news story  »

Bio Rad Laboratories…

11:05
10/15/18
10/15
11:05
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11:05
General news
Today's U.S. reports »

Today's U.S. reports…

MANU

Manchester United

$21.87

0.59 (2.77%)

11:03
10/15/18
10/15
11:03
10/15/18
11:03
Periodicals
Manchester United target for possible takeover by Saudi prince, The Sun says »

Saudi Crown Prince…

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NTAP

NetApp

$75.53

-1.43 (-1.86%)

, EQIX

Equinix

$399.68

3.96 (1.00%)

11:03
10/15/18
10/15
11:03
10/15/18
11:03
Hot Stocks
NetApp appoints Debra McCowan as chief human resources officer »

NetApp (NTAP) announced…

NTAP

NetApp

$75.53

-1.43 (-1.86%)

EQIX

Equinix

$399.68

3.96 (1.00%)

03/08/13
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  • 21

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SMH

Market Vectors Semiconductor

$96.42

-0.92 (-0.95%)

11:03
10/15/18
10/15
11:03
10/15/18
11:03
Technical Analysis
Technical Take: Market Vectors Semiconductor breaks support, nears 52-week lows »

The Market Vectors…

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EMB

iShares JP Morgan USD Emerging Markets Bond ETF

$105.88

0.04 (0.04%)

11:00
10/15/18
10/15
11:00
10/15/18
11:00
Options
Position adjustment in Emerging Markets bond ETF »

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MDXG

MiMedx

$5.25

0.11 (2.14%)

10:58
10/15/18
10/15
10:58
10/15/18
10:58
Hot Stocks
Viceroy: MiMedx's appointment of Alvarez, Marsal 'conflict of interest' »

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  • 23

    Oct

ATVI

Activision Blizzard

$74.92

-3.07 (-3.94%)

, MCD

McDonald's

$164.56

0.74 (0.45%)

10:57
10/15/18
10/15
10:57
10/15/18
10:57
Recommendations
Fly Intel: Today's top analyst calls on Wall Street »

Check out today's…

ATVI

Activision Blizzard

$74.92

-3.07 (-3.94%)

MCD

McDonald's

$164.56

0.74 (0.45%)

TPR

Tapestry

$42.89

-0.92 (-2.10%)

LULU

Lululemon

$143.24

-0.46 (-0.32%)

03/08/13
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  • 15

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10:55
10/15/18
10/15
10:55
10/15/18
10:55
Conference/Events
Wedbush restaurants analyst to hold a luncheon »

Restaurants Analyst…

WPC

W.P. Carey

$63.80

0.61 (0.97%)

, GPN

Global Payments

$115.68

-1.72 (-1.47%)

10:54
10/15/18
10/15
10:54
10/15/18
10:54
Conference/Events
Wedbush IT services & payments analyst to hold dinner meeting »

In conjunction with the…

WPC

W.P. Carey

$63.80

0.61 (0.97%)

GPN

Global Payments

$115.68

-1.72 (-1.47%)

FDC

First Data

$23.21

0.02 (0.09%)

TSS

TSYS

$92.71

-1.235 (-1.31%)

SQ

Square

$73.51

-0.455 (-0.62%)

PYPL

PayPal

$77.74

-1.28 (-1.62%)

MA

MasterCard

$200.90

-3.06 (-1.50%)

V

Visa

$138.45

-1.57 (-1.12%)

ADS

Alliance Data

$211.66

-2.09 (-0.98%)

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