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RTN

Raytheon

$195.89

-0.5625 (-0.29%)

, LMT

Lockheed Martin

$308.80

2.12 (0.69%)

17:35
07/10/18
07/10
17:35
07/10/18
17:35

Northrop Grumman, Raytheon, Lockheed Martin to compete for $4.1B DoD contract

Raytheon (RTN), Lockheed Martin (LMT), and Northrop Grumman (NOC) are each being awarded a multiple award indefinite-delivery/indefinite-quantity contract from U.S. Missile Defense Agency with a minimum amount of $10,000 and a maximum amount of $4.1B. The primary purpose of this contract is to provide autonomous acquisition and persistent precision tracking and discrimination to optimize the defensive capability of the Ballistic Missile Defense system and counter evolving threats. No task orders or delivery orders are being issued at this time. The three awardees of this MAIDIQ contract will compete for each order. This contract was competitively procured via publication on the Federal Business Opportunities website with three proposals received. Type of appropriation is fiscal 2018 through fiscal 2024 research, development, test, and evaluation funds. The ordering period is from July 10, 2018, through July 9, 2023.

RTN

Raytheon

$195.89

-0.5625 (-0.29%)

LMT

Lockheed Martin

$308.80

2.12 (0.69%)

NOC

Northrop Grumman

$315.14

1.46 (0.47%)

  • 10

    Jul

  • 25

    Jul

RTN Raytheon
$195.89

-0.5625 (-0.29%)

05/22/18
05/22/18
DOWNGRADE
Target $219

Neutral
Raytheon downgraded to Neutral at Credit Suisse
As previously reported, Credit Suisse analyst Robert Spingarn downgraded Raytheon to Neutral from Outperform saying that while it has a number of solid opportunities in front of it, including the new Long Range Stand-off Weapon and hypersonics, the current share price largely reflects this upside. The analyst also lowered his price target on the shares to $219 from $250.
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.
05/22/18
FBCO
05/22/18
DOWNGRADE
FBCO
Neutral
Raytheon downgraded to Neutral from Outperform at Credit Suisse
05/24/18
STFL
05/24/18
NO CHANGE
Target $65
STFL
Buy
AeroVironment well-positioned to win new Army contract, says Stifel
Separate from AeroVironment's (AVAV) recent Switchblade contract announcement, Stifel analyst Joseph DeNardi highlighted that the Army recently posted a request for information for Switchblade production from FY19-FY26. DeNardi said it is unclear what the likelihood is that AeroVironment continues to be the sole-source Switchblade provider as it has been from FY17-FY19, as he assumes multiple contractors will reply and suspects that offerings presumably from companies like Raytheon (RTN), Textron (TXT) and possibly Lockheed (LMT) will be more mature than they were a few years ago. Still, he is encouraged by the length of the performance period for the new RFI and views AeroVironment as well-positioned to win the competition, DeNardi tells investors. He keeps a Buy rating and $65 price target on the stock.
LMT Lockheed Martin
$308.80

2.12 (0.69%)

05/22/18
FBCO
05/22/18
NO CHANGE
Target $335
FBCO
Neutral
Lockheed Martin price target lowered to $335 from $380 at Credit Suisse
Credit Suisse analyst Robert Spingarn lowered his price target for Lockheed Martin to $335 from $380 as he downgrades his outlook for Defense hardware stocks to neutral from bullish. The analyst reiterates a Neutral rating on the shares.
04/26/18
MSCO
04/26/18
NO CHANGE
MSCO
Defense weakness due to correction, not change in narrative, says Morgan Stanley
Morgan Stanley analyst Rajeev Lalwani noted that Defense stocks are down about 6% and underperforming an already weak market in the last few days, which he finds particularly surprising given the Q1 EPS beats from General Dynamics (GD), Lockheed Martin (LMT) and Northrop Grumman (NOC). He attributes the underperformance to three dynamics: outperformance year-to-date prior to the selloff; the catalyst of large budget step-ups having materialized; and fuller valuation, which has being corrected. None of these are fundamental, added Lalwani, saying he is still constructive on Lockheed, Raytheon (RTN) and Northrop.
NOC Northrop Grumman
$315.14

1.46 (0.47%)

06/22/18
BARD
06/22/18
NO CHANGE
Target $394
BARD
Outperform
Northrop Grumman should be bought on any weakness, says Baird
Baird analyst Peter Arment said he would be an aggressive buyer of Northrop Grumman (NOC) shares on any market weakness. The analyst updated his model to reflect the Orbital ATK (OA) deal, which is more favorable than he had previously been modeling. He said the strategic deal raises his top-line outlook. Arment reiterated his Outperform rating and $394 price target on Northrop Grumman shares.
06/21/18
JEFF
06/21/18
NO CHANGE
Target $400
JEFF
Buy
Northrop Grumman remains top defense pick at Jefferies
After meeting with management, Jefferies analyst Sheila Kahyaoglu says Northrop Grumman remains her top defense pick. Acquisition planning should allow Northrop to "hit the ground running" with the integration of Orbital ATK, Kahyaoglu tells investors in a research note. She believes the space business presents the biggest synergy opportunity and keeps a Buy rating on Northrop with a $400 price target.
06/27/18
FBCO
06/27/18
NO CHANGE
Target $341
FBCO
Neutral
Northrop Grumman price target raised to $341 from $326 at Credit Suisse
Credit Suisse analyst Robert Spingarn raised his price target for Northrop Grumman to $341 from $326 as he incorporates Orbital ATK now that the acquisition is closed. The analyst reiterates a Neutral rating on the shares.
05/22/18
FBCO
05/22/18
NO CHANGE
Target $326
FBCO
Neutral
Northrop Grumman price target lowered to $326 from $342 at Credit Suisse
Credit Suisse analyst Robert Spingarn lowered his price target for Northrop Grumman to $326 from $342 as he downgrades his outlook for Defense hardware stocks to neutral from bullish. The analyst reiterates a Neutral rating on the shares.

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TLRY

Tilray

$146.52

-11.62 (-7.35%)

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DISCB

Discovery Inc.

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SHOP

Shopify

$138.20

-7.75 (-5.31%)

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NFLX

Netflix

$366.40

20 (5.77%)

, UAL

United Continental

$87.23

3.72 (4.45%)

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NFLX

Netflix

$366.40

20 (5.77%)

UAL

United Continental

$87.23

3.72 (4.45%)

LRCX

Lam Research

$149.48

4.15 (2.86%)

GE

General Electric

$12.42

0.325 (2.69%)

AAL

American Airlines

$34.52

1.22 (3.66%)

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FMS

Fresenius Medical

$40.90

-8.96 (-17.97%)

09:53
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MRCY

Mercury Systems

$49.91

-1.57 (-3.05%)

, SMCI

Super Micro Computer

$0.00

(0.00%)

09:51
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10/17
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09:51
Hot Stocks
Spruce Point links Mercury Systems to Super Micro, sees 50%-60% downside »

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MRCY

Mercury Systems

$49.91

-1.57 (-3.05%)

SMCI

Super Micro Computer

$0.00

(0.00%)

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PVTL

Pivotal Software

$17.82

-2.12 (-10.63%)

09:47
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FMS

Fresenius Medical

$41.00

-8.86 (-17.77%)

09:47
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CVIA

Covia

$6.78

-0.8 (-10.55%)

09:47
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GRAM

Grana y Montero

$2.95

(0.00%)

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KDMN

Kadmon

$3.21

0.325 (11.27%)

09:47
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WGO

Winnebago

$36.28

4.5 (14.16%)

09:47
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  • 17

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GE

General Electric

$12.30

0.205 (1.69%)

09:46
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JNJ

Johnson & Johnson

$137.38

0.81 (0.59%)

, BSX

Boston Scientific

$37.61

-0.49 (-1.29%)

09:46
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JNJ

Johnson & Johnson

$137.38

0.81 (0.59%)

BSX

Boston Scientific

$37.61

-0.49 (-1.29%)

EW

Edwards Lifesciences

$145.99

-1.01 (-0.69%)

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WMT

Walmart

$95.30

-0.53 (-0.55%)

09:45
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10/17
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  • 28

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AXSM

Axsome Therapeutics

$3.45

(0.00%)

09:42
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  • 17

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MRCY

Mercury Systems

$51.48

(0.00%)

09:42
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  • 30

    Oct

NUVA

NuVasive

$67.58

(0.00%)

09:41
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  • 30

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JNJ

Johnson & Johnson

$136.57

(0.00%)

09:41
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  • 17

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XHB

SPDR Homebuilders

$35.63

(0.00%)

, KGC

Kinross Gold

$2.89

(0.00%)

09:40
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XHB

SPDR Homebuilders

$35.63

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KGC

Kinross Gold

$2.89

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SPOT

Spotify

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NFLX

Netflix

$346.40

(0.00%)

LRCX

Lam Research

$145.33

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ATVI

Activision Blizzard

$78.73

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CGC

Canopy Growth

$52.96

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HD

Home Depot

$193.61

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AAL

American Airlines

$33.30

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SPX

S&P 500

$0.00

(0.00%)

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    Nov

BLK

BlackRock

$408.00

-19.4 (-4.54%)

09:38
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10/17
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09:38
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BlackRock analyst commentary  »

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  • 17

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