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BA

Boeing

$346.90

-11.25 (-3.14%)

10:47
07/25/18
07/25
10:47
07/25/18
10:47

Boeing reaffirms plan to increase 787 Dreamliner production to 14 per month

Says continues to make steady progress towards final certification for KC-46 Tanker. Says remains confident in long-term value of franchise. Says began 777x systems testing, remains on track for first delivery. Says acquisition of KLX Aerospace will benefit supply chain and customers in a "meaningful" way. Says continues to see healthy demand and business environment supportive of growth. Says remains highly confident in commercial aircraft outlook. Says continues to assess upward pressure on 737 production. Expects 777 deliveries of 3.5 per month in 2018 and 2019. Says plan to increase Dreamliner production to 14 a month in 2019 is well supported. Says will continue to engage with country leaders to resolve trade differences. Sees strong support for products in the President's budget and in Congress. Say international demand for defense and space remains high. Comments taken from Q2 earnings conference call.

  • 25

    Jul

BA Boeing
$346.90

-11.25 (-3.14%)

07/23/18
07/23/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. STIFEL SAYS SELL PAPA JOHN'S: Stifel analyst Chris O'Cull downgraded Papa John's (PZZA) to Sell from Hold and cut his price target for the shares to $38 from $50. The outlook for Papa John's is "growing dimmer" after recent media reports indicated a "fraternal corporate culture," O'Cull told investors. The reports reinforce the consumer perception that Papa John's is not a trusted brand, the analyst added. His recent channel checks indicate the company's domestic same-restaurant-sales are running down in the mid-teens since last week's media report about the company's founder using a racial slur. Papa John's is in a "precarious position," as it needs a "strategic savior" but is struggling to find one "willing to underwrite a transaction given the brand damage," O'Cull contended. Papa John's shares are down 7% in midday trading BTIG SAYS BUY SPOTIFY: BTIG analyst Rich Greenfield initiated Spotify (SPOT) with a Buy rating and a price target of $230, saying that awaiting a better entry on the stock price "has not worked." The analyst contended that the company will be a "long-term winner" in the subscription music category that remains in its infancy and will "grow significantly for years to come." DEUTSCHE RAISES QUALCOMM TARGET TO $60: Deutsche Bank analyst Ross Seymore raised his price target for Qualcomm (QCOM) shares to $60 from $55 after concluding that removal of the uncertainty from the NXP Semiconductors (NXPI) deal likely leads to incremental upside in either scenario. The analyst said he has no way of assigning probabilities of deal approval given the politically charged nature of the pending regulatory ruling from China's State Administration for Market Regulation. Seymore kept Hold ratings on both Qualcomm and NXP. ARGUS CUTS GE TO HOLD: Argus analyst John Eade downgraded General Electric (GE) to Hold from Buy, saying that despite his expectations of a turnaround, Q2 results were a "step in the opposite direction" suggesting the company will struggle to meet its FY18 guidance. Eade lowered his FY18 EPS forecast to 97c from $1.03, adding that GE will need to show at least two quarter of progress before he would reconsider his rating. The analyst prefers other large industrials such as Illinois Tool Works (ITW), United Technologies (UTX) and Boeing (BA) over General Electric, he added.
07/23/18
ARGS
07/23/18
DOWNGRADE
ARGS
Hold
General Electric downgraded to Hold at Argus on disappointing Q2
As reported earlier, Argus analyst John Eade downgraded General Electric to Hold from Buy, saying that despite his expectations of a turnaround, Q2 results were a "step in the opposite direction" suggesting the company will struggle to meet its FY18 guidance. Eade also lowers his FY18 EPS forecast to 97c from $1.03, adding that GE will need to show at least two quarter of progress before he would reconsider his rating. The analyst further states that while he expects the company to look different in 2-4 years, the outlook for its its core business segments - Power and Renewable Energy - is bleak, saying he prefers other large industrials Such as Illinois Tool Works (ITW), United Technologies (UTX) and Boeing (BA) over General Electric.
07/11/18
07/11/18
UPGRADE
Target $408

Outperform
TransDigm upgraded to Outperform on reduced risks at Cowen
As previously reported, Cowen upgraded TransDigm (TDG) to Outperform from Market Perform with a $408 price target telling investors fundamental threats to TransDigm's aftermarket/M&A playbook are abating. Analyst Gautam Khanna said contract talks between TransDigm and Boeing (BA) are close to being agreed upon with no major threats to TransDigm, and concerns regarding deal economics appear to be misplaced. Further, the Department of Defense procurement rule as of July 1 may actually provide TransDigm with more pricing power versus the old policy, Khanna wrote in a note to investors. The analyst adds, the Department of Defense inquiry is also nearing completion with any fines likely to be minimal, end markets are improving, and the company has $2.3B available for M&A or dividends.
07/11/18
BARD
07/11/18
NO CHANGE
Target $450
BARD
Outperform
Boeing on path to over $400, reflecting 'robust' FCF generation, says Baird
Baird analyst Peter Arment said he expects Boeing to report a "solid" second quarter on July 25, reflecting "favorable" aircraft deliveries. In a research note to investors, Arment says he is "comfortable" with both short- and long-term investors being long into the print and continues to see the stock on a path to over $400, reflecting strong free cash flow generation. He expects management will reiterate its delivery outlook for 2018 and back its 737-MAX delivery target despite recent headlines on suply chain pressures. Arment has an Outperform rating and $450 price target on Boeing shares.

TODAY'S FREE FLY STORIES

ASML

ASML

$217.73

12.67 (6.18%)

05:20
07/18/19
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NVS

Novartis

$90.11

0.99 (1.11%)

05:20
07/18/19
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05:20
Earnings
Novartis raises FY19 revenue view to up mid to high-single digit »

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SWKS

Skyworks

$80.15

-1.14 (-1.40%)

05:18
07/18/19
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AAPL

Apple

$203.32

-1.08 (-0.53%)

05:18
07/18/19
07/18
05:18
07/18/19
05:18
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Apple rating change  »

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  • 30

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SWKS

Skyworks

$80.15

-1.14 (-1.40%)

05:16
07/18/19
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07/18/19
05:16
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Skyworks rating change  »

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QCOM

Qualcomm

$75.75

0.09 (0.12%)

05:15
07/18/19
07/18
05:15
07/18/19
05:15
Downgrade
Qualcomm rating change  »

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  • 31

    Jul

VET

Vermilion Energy

$21.12

-0.44 (-2.04%)

05:14
07/18/19
07/18
05:14
07/18/19
05:14
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Vermilion Energy rating change  »

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  • 29

    Jul

XOM

Exxon Mobil

$75.49

-0.44 (-0.58%)

05:13
07/18/19
07/18
05:13
07/18/19
05:13
Downgrade
Exxon Mobil rating change  »

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  • 02

    Aug

TTD

Trade Desk

$244.23

0.72 (0.30%)

05:12
07/18/19
07/18
05:12
07/18/19
05:12
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Trade Desk rating change  »

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NVS

Novartis

$90.11

0.99 (1.11%)

05:11
07/18/19
07/18
05:11
07/18/19
05:11
Earnings
Novartis reports Q2 core EPS $1.34, consensus $1.22 »

Reports Q2 revenue…

03/08/13
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03/08/13
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  • 18

    Jul

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  • 25

    Sep

IHG

InterContinental

$69.80

-0.16 (-0.23%)

05:11
07/18/19
07/18
05:11
07/18/19
05:11
Downgrade
InterContinental rating change  »

InterContinental…

03/08/13
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03/08/13
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  • 25

    Sep

WTBDY

Whitbread

$0.00

(0.00%)

05:10
07/18/19
07/18
05:10
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05:10
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Whitbread rating change  »

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MGM

MGM Resorts

$28.85

-0.555 (-1.89%)

05:08
07/18/19
07/18
05:08
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05:08
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MGM Resorts rating change  »

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03/08/13
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  • 25

    Jul

EXP

Eagle Materials

$86.46

-0.245 (-0.28%)

05:06
07/18/19
07/18
05:06
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05:06
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Eagle Materials rating change  »

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  • 30

    Jul

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  • 04

    Sep

  • 13

    Nov

ATI

Allegheny Technologies

$24.47

-0.415 (-1.67%)

05:05
07/18/19
07/18
05:05
07/18/19
05:05
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Allegheny Technologies rating change  »

Allegheny Technologies…

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  • 23

    Jul

  • 06

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ARNC

Arconic

$25.29

-0.49 (-1.90%)

05:05
07/18/19
07/18
05:05
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05:05
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Arconic rating change  »

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USCR

U.S. Concrete

$50.87

-0.96 (-1.85%)

05:04
07/18/19
07/18
05:04
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05:04
Downgrade
U.S. Concrete rating change  »

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  • 04

    Sep

  • 13

    Nov

AMD

AMD

$33.59

-0.23 (-0.68%)

, INTC

Intel

$49.39

0.22 (0.45%)

04:59
07/18/19
07/18
04:59
07/18/19
04:59
Downgrade
AMD downgraded to Neutral from Buy at Mizuho »

Mizuho analyst Vijay…

AMD

AMD

$33.59

-0.23 (-0.68%)

INTC

Intel

$49.39

0.22 (0.45%)

03/08/13
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  • 25

    Jul

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04:55
07/18/19
07/18
04:55
07/18/19
04:55
General news
Jobless Claims to be reported at 08:30 »

Week of 7/13 Jobless…

04:55
07/18/19
07/18
04:55
07/18/19
04:55
General news
Breaking General news story  »

6-Month Bill Announcement…

GMRE

Global Medical REIT

$10.51

-0.15 (-1.41%)

04:55
07/18/19
07/18
04:55
07/18/19
04:55
Conference/Events
Global Medical REIT management to meet with Oppenheimer »

Meetings to be held in…

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  • 18

    Jul

  • 08

    Aug

TORC

ResTORbio

$10.42

0.19 (1.86%)

04:55
07/18/19
07/18
04:55
07/18/19
04:55
Conference/Events
ResTORbio management to meet with Wedbush »

Meetings to be held in…

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03/08/13
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03/06/13
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  • 18

    Jul

SUPV

Grupo Supervielle

$8.12

0.13 (1.63%)

04:55
07/18/19
07/18
04:55
07/18/19
04:55
Conference/Events
Grupo Supervielle management to meet with UBS »

Meetings to be held in…

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  • 18

    Jul

  • 19

    Jul

04:55
07/18/19
07/18
04:55
07/18/19
04:55
General news
Philadelphia Fed Business Outlook Survey General Conditions Index to be reported at 08:30 »

July Philadelphia Fed…

04:55
07/18/19
07/18
04:55
07/18/19
04:55
General news
Leading Indicators to be reported at 10:00 »

June Leading Indicators…

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