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BAESY

BAE Systems

$0.00

(0.00%)

, BA

Boeing

$347.63

-3.17 (-0.90%)

04:55
08/09/18
08/09
04:55
08/09/18
04:55

Air, Space & Missile Defense Association to hold a symposium

2018 Space and Missile Defense (SMD) Symposium will be held in Huntsville, Alabama on August 7-9.

BAESY

BAE Systems

$0.00

(0.00%)

BA

Boeing

$347.63

-3.17 (-0.90%)

GD

General Dynamics

$195.14

-1.14 (-0.58%)

IBKC

Iberiabank

$84.65

0.2 (0.24%)

KTOS

Kratos Defense

$13.23

0.45 (3.52%)

LMT

Lockheed Martin

$315.34

-2.07 (-0.65%)

NOC

Northrop Grumman

$294.87

-0.38 (-0.13%)

MRCY

Mercury Systems

$48.40

-0.45 (-0.92%)

MFGP

Micro Focus

$15.92

0.14 (0.89%)

QTM

Quantum

$1.87

0.09 (5.06%)

RTN

Raytheon

$197.58

0.16 (0.08%)

RHT

Red Hat

$142.89

0.55 (0.39%)

SAIC

SAIC

$86.89

1.18 (1.38%)

  • 09

    Aug

  • 09

    Aug

  • 09

    Aug

  • 13

    Sep

BAESY BAE Systems
$0.00

(0.00%)

01/10/18
UBSW
01/10/18
UPGRADE
UBSW
Buy
BAE Systems upgraded to Buy from Neutral at UBS
UBS analyst Celine Fornaro upgraded BAE Systems to Buy with an increased price target of 670p. The stock's valuation on a cash flow basis is "undemanding" following the pension deficit review and the confirmation of the Qatar order, the analyst contends.
04/24/18
BREN
04/24/18
UPGRADE
BREN
Buy
BAE Systems upgraded to Buy from Hold at Berenberg
Berenberg analyst Andrew Gollan upgraded BAE Systems to Buy and raised his price target for the shares to 700p from 600p. The current valuation is not reflective of the improved defense market, Gollan tells investors in a research note. He believes the stock's valuation discount to U.S. peers is unwarranted.
02/23/18
JPMS
02/23/18
DOWNGRADE
JPMS
Underweight
BAE Systems downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst David Perry downgraded BAE Systems to Underweight and lowered his price target for the shares to 550p from 555p. The company's "lackluster" guidance for 2018 suggests it will continue to underperform its peers in U.S. defense and in European civil aero, Perry tells investors in a research note. He sees BAE's "long-term underperformance" versus peers continuing in 2018.
06/29/18
JPMS
06/29/18
UPGRADE
JPMS
Neutral
BAE Systems upgraded to Neutral from Underweight at JPMorgan
JPMorgan analyst David Perry upgraded BAE Systems to Neutral and raised his price target for the shares to GBP 6.85 from GBP 6.55.
BA Boeing
$347.63

-3.17 (-0.90%)

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.
08/06/18
MSCO
08/06/18
NO CHANGE
MSCO
Boeing, Tesla, Nvidia make Morgan Stanley 'key man risk' list
Morgan Stanley equity strategist Mark Savino noted that about 12% of CEO jobs among S&P 500 companies turned over in 2017, noting that this was the highest level of CEO departures since before the financial crisis. The 59 stocks of S&P 500 companies that had CEOs depart in 2017 underperformed the market by 11% over the next 12 months, or since the departure for instances that were less than 12 months ago, noted Savino. In cooperation with the firm's U.S. analysts, Savino and his team identified the companies in each sector they believe face the greatest level of "key man risk," which includes: Boeing (BA), Tesla (TSLA), ADT Inc. (ADT), Moody's (MCO), TransUnion (TRU), Arista Networks (ANET), Church & Dwight (CHD), Coca-Cola (KO), Monster Beverage (MNST), Coupa Software (COUP), Salesforce (CRM), FireEye (FEYE), MongoDB (MDB), Microsoft (MSFT), New Relic (NEWR), XPO Logistics (XPO), Hilton (HLT), Las Vegas Sands (LVS), Best Buy (BBY), Ulta (ULTA), Aflac (AFL), Athene Holding (ATH), Lincoln National (LNC), Arthur J. Gallagher (AJG), Chubb (CB), Amazon.com (AMZN), Activision Blizzard (ATVI), Facebook (FB), Alphabet (GOOGL), Apple (AAPL), Terex (TEX), Cleveland-Cliffs (CLF), Freeport McMoRan (FCX), FleetCor (FLT), Global Payments (GPN), Square (SQ), Jazz Pharmaceuticals (JAZZ), Cheesecake Factory (CAKE), Broadcom (AVGO), Nvidia (NVDA), Chegg (CHGG), DXC Technology (DXC), Medidata (MDSO), Pluralsight (PS), RealPage (RP), Shopify (SHOP) and T-Mobile (TMUS).
GD General Dynamics
$195.14

-1.14 (-0.58%)

07/31/18
BOFA
07/31/18
NO CHANGE
Target $275
BOFA
Buy
General Dynamics added to US1 List at BofA/Merrill
BofA/Merrill analyst Ronald Epstein added General Dynamics to his firm's US1 list, as he believes it is a defensive large cap value stock with potential cyclical growth. The analyst believes that while concerns about weakening demand for Gulfstream business jets, Gulfstream product transition, mid-term elections and peaking U.S. defense budget have weighed down sentiment, underlying growth is strong at General Dynamics and "all cylinders are firing." Epstein reiterates a Buy rating and $275 price target on the shares.
06/15/18
RBCM
06/15/18
NO CHANGE
Target $232
RBCM
Outperform
General Dynamics price target lowered to $232 from $256 at RBC Capital
RBC Capital analyst Matthew McConnell lowered his price target on General Dynamics to $232 and kept his Outperform rating. The analyst cites his reduced expected margins for the Aerospace segment by 2-3 percentage points following the company's presentation at last week's investor conference as well as his recent conversations with the management. McConnell adds that General Dynamics remains one of the cheapest large defense plays which supports his rating, as it trades at about a 17% PE discount relative to peers, but lowers his FY19 EPS outlook to $12.39 from $12.87.
07/31/18
BOFA
07/31/18
NO CHANGE
BOFA
General Dynamics added to US 1 List, Northrop Grumman removed at BofA/Merrill
08/08/18
LOOP
08/08/18
NO CHANGE
Target $200
LOOP
Buy
CACI price target raised to $200 from $188 at Loop Capital
Loop Capital analyst Joseph Vafi raised his price target on CACI (CACI) to $200, saying the FTC's early termination notice disclosed yesterday suggests the company is the "imminent buyer" of federal IT business from General Dynamics (GD). Because of previously disclosed conflicts of interest, Vafi believes the pending deal will be for part or all of CSRA's Navy support business, estimating that business revenue generation of about $180-$200M per year. The analyst keeps his Buy rating on CACI, adding that a complete acquisition of the Seaport-e business would boost its inorganic growth by 3%-4% on a next twelve month basis, even as he expects the company's organic revenue to post a slow rebound.
IBKC Iberiabank
$84.65

0.2 (0.24%)

11/28/17
RHCO
11/28/17
UPGRADE
RHCO
Buy
Iberiabank upgraded to Buy from Hold at SunTrust
12/20/17
RAJA
12/20/17
DOWNGRADE
RAJA
Outperform
Iberiabank downgraded to Outperform from Strong Buy at Raymond James
Raymond James analyst Michael Rose downgrade Iberiabank to Outperform and lowered its price target to $88 from $98 following a softer than expected 2018 revenue outlook, implying notably lower pre-tax income versus his model.
06/26/18
RHCO
06/26/18
DOWNGRADE
Target $60
RHCO
Hold
Ameris Bancorp downgraded to Hold at SunTrust on rising banking competition
As reported earlier, SunTrust analyst Jennifer Demba downgraded Ameris Bancorp (ABCB) to Hold from Buy and kept her $60 price target, saying she now reserves a bullish rating for banks with near-term catalysts such as outsized asset sensitivity and restructuring that offer upside earnings potential. The analyst cites greater loan/deposit competition, bottoming non-performing loans, and accelerating de novo formation for a more cautious view toward the sector. Demba adds that Ameris Bancorp stock trades "close to fairly valued" with its price to tangible book value above its peers. As part of the broader research note, Demba also downgraded United Community Banks (UCBI) to Hold from Buy and lowered her price target to $36 from $37. She prefers the "restructuring story" IBERIABANK (IBKC) and the asset-sensitive SVB Financial (SIVB) and Synovus Financial (SNV).
11/28/17
RHCO
11/28/17
UPGRADE
Target $85
RHCO
Buy
Iberiabank upgraded to Buy at SunTrust on 'compelling valuation'
As reported earlier, SunTrust analyst Jennifer Demba upgraded Iberiabank to Buy from Hold and raised her price target to $85 from $80. Demba says that the management is now more focused on improving return-on-average-assets following a substantial Q3 earnings miss. The analyst adds that December's outlook for FY18 may include more cost saving plans while added storm provisioning provides additional credit cost cushion. Demba also notes "compelling valuation" for Iberiabank, which trades at 12.8-times FY18 EPS consensus versus a peer median of 15.1-times.
KTOS Kratos Defense
$13.23

0.45 (3.52%)

04/18/18
ADAM
04/18/18
NO CHANGE
Target $15
ADAM
Buy
Gremlins contract to Dynetics a positive for Kratos, says Canaccord
Canaccord Genuity analyst Ken Herbert says DARPA awarding a $32M contract to Dynetics for the Phase III development of the Gremlins program is a net positive for Kratos Defense & Security Solutions. Under the contract, Kratos will be the sole supplier of the drones, which will likely account for 30%-40% of the contract value, Herbert tells investors in a research note. The analyst sees a $10M in contribution for Kratos in 2018-2019, but believes the contract points to both the strong positioning of the company in the unmanned market and potential upside from its tactical opportunity. Herbert points out that the program goal is to acquire aircraft at $700,000 each in lots of 1,000, indicating upside of well over $100M for Kratos. The stock and estimates does not reflect much upside from the tactical drone opportunities, Herbert writes. He keeps a Buy rating on Kratos Defense with a $15 price target. The stock in early trading is up 5% to $11.55.
05/11/18
ADAM
05/11/18
NO CHANGE
Target $15
ADAM
Buy
Kratos Defense results support full-year optimism, says Canaccord
Canaccord analyst Ken Herbert said the Q1 results from Kratos Defense support higher confidence in the execution capabilities as well as top-line upside. He noted the highlight in the quarter was the strong performance of the KUSD segment and the company maintained its full year guidance. Herbert reiterated his Buy rating and $15 price target on Kratos Defense shares.
06/05/18
ADAM
06/05/18
NO CHANGE
Target $15
ADAM
Buy
Kratos Defense visibility reinforces revenue conviction at Canaccord
Canaccord analyst Ken Herbert met with Kratos Defense management and came away with reinforced conviction about the company's revenue upside from both the legacy target drone business and the emerging tactical drone opportunity. He also sees the company taking steps on improving margins and execution upside. Herbert reiterated his Buy rating and $15 price target on Kratos Defense shares.
07/31/18
ADAM
07/31/18
NO CHANGE
Target $15
ADAM
Buy
Canaccord cautious on Kratos Q2 ahead of second half inflection
Canaccord analyst Ken Herbert said he is cautious on Kratos Defense ahead of Q2 results, but he sees tactical opportunities coming into view that brings it to an inflection in the second half of the year. The analyst said his assumptions in the Government Solutions segment is more conservative, but he believes the Unmanned segment could grow 35% organically in the quarter. He also believes progress on the tactical drone programs is progressing at an accelerated pace. Herbert reiterated his Buy rating and $15 price target on Kratos Defense shares.
LMT Lockheed Martin
$315.34

-2.07 (-0.65%)

07/25/18
07/25/18
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. Snap (SNAP) upgraded to Mixed from Negative at Vertical Group with analyst Phil Leggiere citing expectations for strong 2H 2018 spending. 2. Keurig Dr Pepper (KDP) upgraded to Positive from Neutral at Susquehanna. 3. Lockheed Martin (LMT) upgraded to Outperform from Market Perform at Cowen with analyst Cai von Rumohr citing its enhanced visibility to roughly 10% growth through 2021, above average cash flow, dividend yield, and attractive risk/reward. 4. Hawaiian Holdings (HA) upgraded to Buy from Hold at Deutsche Bank with analyst Michael Linenberg saying he views last night's quarter as strong and sees an improving CASM trend. 5. Target (TGT) upgraded to Accumulate from Hold at Gordon Haskett with analyst Chuck Grom saying geolocation data and proprietary card data support his Q2 4.5% comp. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/26/18
BREN
07/26/18
UPGRADE
BREN
Buy
Lockheed Martin upgraded to Buy from Hold at Berenberg
07/26/18
07/26/18
UPGRADE
Target $375

Buy
Berenberg upgrades Lockheed Martin to Buy on strong momentum, execution
As previously reported, Berenberg analyst Andrew Gollan upgraded Lockheed Martin to Buy from Hold citing its strong momentum across its portfolio along with its solid execution. Given his view that these trends can continue, Gollan has become more optimistic about Lockheed's medium- and longer-term growth outlook, he tells investors. He raised his price target on the stock to $375 from $300 following the company's Q2 earnings report and guidance hike.
07/25/18
COWN
07/25/18
UPGRADE
Target $370
COWN
Outperform
Lockheed Martin upgraded to Outperform at Cowen
As reported previously, Cowen analyst Cai von Rumohr upgraded Lockheed Martin to Outperform from Market Perform. The analyst cited its enhanced visibility to roughly 10% growth through 2021, above average cash flow, dividend yield, and attractive risk/reward. The analyst maintained his $370 price target on Lockheed Martin shares.
NOC Northrop Grumman
$294.87

-0.38 (-0.13%)

07/31/18
07/31/18
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 Neutral from Reduce at Nomura Instinet analyst Mark Kelley saying after selling off 27% since the Q2 earnings report on July 27, expectations have been appropriately reset. 2. Chipotle (CMG) upgraded to Buy from Hold at Jefferies with analyst Andy Barish saying he believes Chipotle is one of the better positioned companies to benefit from the ongoing shift to digital/off-premise. 3. Affiliated Managers (AMG) upgraded to Outperform from Market Perform at Keefe Bruyette with analyst Robert Lee saying he believes the company is positioned for "at least" modest organic growth. 4. Booz Allen (BAH) upgraded to Outperform from Market Perform at Raymond James with analyst Brian Gesuale saying the Q1 report was "stellar," beating every key metric, while the share reaction was "lukewarm." 5. Northrop Grumman (NOC) upgraded to Buy on valuation at Buckingham with analyst Richard Safran saying the sell-off following the Q2 report provides an investment opportunity telling investors Defense spending and recent program wins may not be fully reflected in consensus expectations. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/27/18
FBCO
07/27/18
NO CHANGE
Target $326
FBCO
Neutral
Northrop Grumman price target cut to $326 from $341 at Credit Suisse
Credit Suisse analyst Robert Springarn maintained a Neutral rating on Northrop Grumman but cut his price target to $326 after the company reported "in line" quarterly results, but surprised investors with forward-losses in three of its segments. In a research note to investors, Springarn says he thinks Northrop Grumman will ultimately overcome its issues, as management expressed confidence on the Q2 call that it will return to "strong performance in short order" and he expects the market will monitor performance "a bit more closely" near-term. Springarn says he is content to remain on the sidelines for now.
07/31/18
BUCK
07/31/18
UPGRADE
BUCK
Buy
Northrop Grumman upgraded to Buy on valuation at Buckingham
Buckingham analyst Richard Safran upgraded Northrop Grumman to Buy from Neutral and increased its price target to $371 from $246. Safran said the sell-off following the Q2 report provides an investment opportunity telling investors Defense spending and recent program wins may not be fully reflected in consensus expectations.
MRCY Mercury Systems
$48.40

-0.45 (-0.92%)

05/09/18
BARD
05/09/18
NO CHANGE
Target $59
BARD
Outperform
Mercury Systems selloff unwarranted, says Baird
Baird analyst Peter Arment said the recent pullback in Mercury Systems is unwarranted and a buying opportunity. The analyst met with management and focused on the company's long-term growth opportunities, ongoing execution, and strong momentum. Arment reiterated his Outperform rating and $59 price target on Mercury Systems shares.
04/25/18
BARD
04/25/18
NO CHANGE
Target $59
BARD
Outperform
Mercury Systems weakness should be bought aggressively, says Baird
Baird analyst Peter Arment said he would be an aggressive buyer of Mercury Systems shares if they were weak following Q1 results. The analyst said the results reflected timing of revenues, while its record backlog supports the guidance raise. Arment reiterated his Outperform rating and $59 price target on Mercury Systems shares.
04/19/18
SBSH
04/19/18
NO CHANGE
SBSH
Buy
Mercury Systems selloff on short report unwarranted, says Citi
Citi analyst Jonathan Raviv sees "reasonable explanations" for many of the "warning signs" flagged in yesterday's short report on Mercury Systems. Some of the issues were addressed at an early March management meeting, Raviv tells investors in a research note. He continues to like Mercury and thinks yesterday's selloff was unwarranted. The analyst reiterates a Buy rating on the shares.
04/25/18
04/25/18
DOWNGRADE

Underperform
Mercury Systems downgraded to Underperform from Buy at BofA/Merrill
BofA/Merrill analyst Ronald Epstein double downgraded Mercury Systems to Underperform from Buy and slashed its price target to $35 from $50. Epstein said Mercury's strategy to increase its secure processing capabilities is not without execution risks and long-term adjusted EBITDA margin target of 26% is predicated on achieving insourcing synergies, which increases operating risks.
MFGP Micro Focus
$15.92

0.14 (0.89%)

05/17/18
ADAM
05/17/18
UPGRADE
ADAM
Buy
Micro Focus upgraded to Buy from Speculative Buy at Canaccord
07/16/18
FBCO
07/16/18
DOWNGRADE
FBCO
Underperform
Micro Focus downgraded to Underperform from Neutral at Credit Suisse
Credit Suisse analyst Charles Brennan downgraded Micro Focus International to Neutral and lowered his price target for the shares to GBP 11.02 from GBP 12. The analyst sees a "difficult" path for shares following the company's interim results. He believes management did not provide a roadmap to revenue stability.
01/10/18
UBSW
01/10/18
UPGRADE
UBSW
Buy
Micro Focus upgraded to Buy from Neutral at UBS
QTM Quantum
$1.87

0.09 (5.06%)

05/31/18
LSCM
05/31/18
DOWNGRADE
Target $4
LSCM
Hold
Quantum downgraded to Hold from Buy at Lake Street
Lake Street analyst Eric Martinuzzi downgraded Quantum to Neutral and lowered his price target for the shares to $4 from $6. Following the resignation of its CEO and the replacement of its CFO, the analyst believes the company's process to regain SEC filing compliance is "closer to the middle than the end."
RTN Raytheon
$197.58

0.16 (0.08%)

05/22/18
FBCO
05/22/18
DOWNGRADE
FBCO
Neutral
Raytheon downgraded to Neutral from Outperform at Credit Suisse
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.
05/24/18
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.
RHT Red Hat
$142.89

0.55 (0.39%)

07/24/18
KEYB
07/24/18
NO CHANGE
KEYB
Google on-premise GKE offering a competitor to Pivotal, Red Hat, says KeyBanc
After Google (GOOGL) announced that its new Cloud Services Platform will include a Google Kubernetes Engine, or GKE, that can be run on-premise, KeyBanc analyst Alex Kurtz said the offering creates a new participant in the container management/PaaS market. However, he still sees Red Hat (RHT) and Pivotal Software (PVTL) being well-positioned given their well-established PaaS go-to-market strategies, Kurtz added.
06/22/18
WBLR
06/22/18
NO CHANGE
WBLR
Outperform
Red Hat shares will now be in holding pattern, says William Blair
William Blair analyst Jason Ader believes shares of Red Hat will be in a "holding pattern for a while" after the company disappointed investors with weak billings growth in Q1. The stock was priced for perfection ahead of the earnings call, and now there is some uncertainty on the duration of the app development transition, Ader tells investors in a post-earnings research note. However, he continues to recommend the shares with an Outperform rating. The analyst still has confidence in Red Hat's "expanding market opportunity and unique positioning as a 100% open source, hybrid cloud leader."
07/16/18
RBCM
07/16/18
NO CHANGE
Target $177
RBCM
Outperform
Red Hat middleware issues are 'temporary', says RBC Capital
RBC Capital analyst Matthew Hedberg kept his Outperform rating and $177 price target on Red Hat, saying his recent meetings with the management in Europe suggest that the "JBoss middleware issues are a temporary air pocket that may take several quarters to resolve but is embedded in guidance". The analyst maintains his bullish view on Red Had as a "disruptive force in hybrid-compute", and expects customers to "deploy more workload in the public cloud and/or OpenShift" to consume more middleware capacity, similar to its Red Hat Enterprise Linux offering.
07/16/18
BOFA
07/16/18
NO CHANGE
Target $190
BOFA
Buy
VMware price target raised to $190 from $161 at BofA/Merrill
BofA/Merrill analyst Kash Rangan raised his price target on VMware (VMW) to $190 and kept his Buy rating, citing his "increased confidence in sustained mid-teens billings growth" as well as its better operating margins of 32% relative to 24% at competitor Red Hat (RHT). Rangan says that the reverse merger at Dell removes the overhang on VMware shares and should increase its valuation multiple in the long term. The analyst also states that his new valuation on the company implies a multiple of 19-times enterprise value to expected FY19 free cash flow, which is still a 15% discount to Red Hat's 22-times because of its slightly lower billings growth, but adds that VMware is still cheaper than Citrix (CTXS) in spite of its faster revenue growth.
SAIC SAIC
$86.89

1.18 (1.38%)

05/25/18
05/25/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Enanta (ENTA) initiated with an Outperform at Oppenheimer. 2. VistaGen Therapeutics (VTGN) initiated with an Outperform at Oppenheimer. 3. Engility (EGL) initiated with a Buy at Stifel. 4. ManTech (MANT) initiated with a Hold at Stifel. 5. SAIC (SAIC) initiated with a Hold at Stifel. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, Reference Link
05/25/18
STFL
05/25/18
INITIATION
Target $85
STFL
Hold
SAIC initiated with a Hold at Stifel
Stifel analyst Joseph DeNardi started SAIC with a Hold rating and $85 price target, saying he views the shares, which trade at a multiple above the group average, as fairly valued given the company's lower than average margins and the risk around its vehicle integration work.
06/13/18
DRXL
06/13/18
DOWNGRADE
DRXL
Hold
SAIC downgraded to Hold from Buy at Drexel Hamilton
06/13/18
06/13/18
DOWNGRADE

Hold
SAIC downgraded to Hold on valuation at Drexel Hamilton
As previously reported, Drexel Hamilton analyst Brian Ruttenbur downgraded SAIC to Hold from Buy, stating that while he believes the shares should trade at a premium to peers he also thinks they are fairly valued at current levels. He also lowered his FY19 and FY20 estimates after the company reported a mixed Q1 with stronger than anticipated revenues and EPS and weaker than expected EBITDA and bookings.

TODAY'S FREE FLY STORIES

WMT

Walmart

$97.89

-0.74 (-0.75%)

13:37
08/18/18
08/18
13:37
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13:37
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Walmart asks beauty suppliers to consider sourcing outside of China, Reuters say »

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TCEHY

Tencent

$0.00

(0.00%)

13:26
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08/18
13:26
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13:26
Periodicals
Tencent-backed Qutoutiao files for U.S. IPO, Reuters reports »

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FB

Facebook

$173.78

-0.98 (-0.56%)

, AMZN

Amazon.com

$1,881.94

-5.56 (-0.29%)

13:10
08/18/18
08/18
13:10
08/18/18
13:10
Periodicals
Selloff in Chinese internet stocks may shake faith in FANG, Reuters says »

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FB

Facebook

$173.78

-0.98 (-0.56%)

AMZN

Amazon.com

$1,881.94

-5.56 (-0.29%)

NFLX

Netflix

$316.78

-5.51 (-1.71%)

GOOG

Alphabet

$1,199.79

-6.21 (-0.51%)

GOOGL

Alphabet Class A

$1,215.50

-8.05 (-0.66%)

TCEHY

Tencent

$0.00

(0.00%)

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  • 21

    Aug

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    Aug

  • 06

    Sep

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    Sep

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    Sep

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    Sep

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    Oct

VLKAY

Volkswagen

$0.00

(0.00%)

13:05
08/18/18
08/18
13:05
08/18/18
13:05
Periodicals
Volkswagen CEO was told about emissions software months before, Reuters reports »

Volkswagen CEO Herbert…

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WMT

Walmart

$97.89

-0.74 (-0.75%)

, TCEHY

Tencent

$0.00

(0.00%)

13:01
08/18/18
08/18
13:01
08/18/18
13:01
Hot Stocks
Walmart, Flipkart announce completion of investment »

Walmart (WMT) and…

WMT

Walmart

$97.89

-0.74 (-0.75%)

TCEHY

Tencent

$0.00

(0.00%)

MSFT

Microsoft

$107.58

-0.07 (-0.07%)

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  • 04

    Sep

  • 12

    Sep

BBOX

Black Box

$1.64

0.09 (5.81%)

12:57
08/18/18
08/18
12:57
08/18/18
12:57
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Black Box announces sale agreement of Federal Government IT Services Business »

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KSS

Kohl's

$76.43

1.68 (2.25%)

12:52
08/18/18
08/18
12:52
08/18/18
12:52
Periodicals
Kohl's looking to break cycle, Barron's says »

Kohl's is set to…

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  • 21

    Aug

STT

State Street

$84.95

0.73 (0.87%)

12:47
08/18/18
08/18
12:47
08/18/18
12:47
Periodicals
State Street selloff looks overdone, Barron's says »

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WMT

Walmart

$97.89

-0.74 (-0.75%)

, AMZN

Amazon.com

$1,881.94

-5.56 (-0.29%)

12:42
08/18/18
08/18
12:42
08/18/18
12:42
Periodicals
May be time to sell Walmart, Barron's says »

In a follow-up story,…

WMT

Walmart

$97.89

-0.74 (-0.75%)

AMZN

Amazon.com

$1,881.94

-5.56 (-0.29%)

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  • 13

    Sep

VZ

Verizon

$54.79

0.51 (0.94%)

12:39
08/18/18
08/18
12:39
08/18/18
12:39
Periodicals
Verizon remains 'reasonably' priced, Barron's says »

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CF

CF Industries

$47.52

0.25 (0.53%)

, MOS

Mosaic

$29.64

(0.00%)

12:36
08/18/18
08/18
12:36
08/18/18
12:36
Periodicals
CF, Mosaic gains have just begun, Barron's says »

CF Industries (CF),…

CF

CF Industries

$47.52

0.25 (0.53%)

MOS

Mosaic

$29.64

(0.00%)

NTR

Nutrien

$55.95

0.94 (1.71%)

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  • 11

    Sep

  • 06

    Nov

ABBV

AbbVie

$98.79

0.6 (0.61%)

, LYB

LyondellBasell

$113.07

1.155 (1.03%)

12:25
08/18/18
08/18
12:25
08/18/18
12:25
Periodicals
StAbbVie, Starbucks among dividend standouts, Barron's says »

AbbVie (ABBV),…

ABBV

AbbVie

$98.79

0.6 (0.61%)

LYB

LyondellBasell

$113.07

1.155 (1.03%)

AVGO

Broadcom

$209.27

0.6 (0.29%)

RF

Regions Financial

$19.48

0.09 (0.46%)

SBUX

Starbucks

$53.58

0.53 (1.00%)

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  • 05

    Sep

  • 05

    Sep

  • 06

    Sep

  • 11

    Sep

  • 12

    Sep

  • 12

    Sep

BV

BrightView

$17.49

-0.06 (-0.34%)

12:21
08/18/18
08/18
12:21
08/18/18
12:21
Periodicals
Sunny outlook for BrightView, Barron's says »

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HOG

Harley-Davidson

$42.26

1.15 (2.80%)

, CSIQ

Canadian Solar

$13.12

0.02 (0.15%)

11:18
08/18/18
08/18
11:18
08/18/18
11:18
Hot Stocks
Week in review: How Trump's policies moved stocks »

Catch up on the top…

HOG

Harley-Davidson

$42.26

1.15 (2.80%)

CSIQ

Canadian Solar

$13.12

0.02 (0.15%)

FSLR

First Solar

$50.98

0.18 (0.35%)

JASO

JA Solar

$0.00

(0.00%)

SUNEQ

SunEdison

$0.00

(0.00%)

SPWR

SunPower

$6.65

0.06 (0.91%)

TSL

Trina Solar

$0.00

(0.00%)

YGE

Yingli Green Energy

$0.00

(0.00%)

PEP

PepsiCo

$114.98

0.7 (0.61%)

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  • 02

    Oct

LYV

Live Nation

$48.15

-0.53 (-1.09%)

17:46
08/17/18
08/17
17:46
08/17/18
17:46
Hot Stocks
Live Nation CFO discloses sale of 40K shares of common stock »

Live Nation CFO Elizabeth…

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XLE

Energy Select Sector SPDR

$72.63

0.21 (0.29%)

, XLU

Utilities SPDR

$54.50

0.25 (0.46%)

17:40
08/17/18
08/17
17:40
08/17/18
17:40
General news
Week ending ETF Scorecard: Consumer Staples outperforms, Energy skids »

S&P500 SECTORS:…

XLE

Energy Select Sector SPDR

$72.63

0.21 (0.29%)

XLU

Utilities SPDR

$54.50

0.25 (0.46%)

IYR

DJ US Real Estate Index Fund

$83.16

0.765 (0.93%)

XLP

Consumer Staples Sector SPDR

$55.02

0.39 (0.71%)

XLY

Consumer Discretionary Sector SPDR

$112.51

0.11 (0.10%)

XLB

S&P Select Materials SPDR

$58.41

0.41 (0.71%)

XLF

Financial Select Sector

$28.16

0.055 (0.20%)

XLV

Health Care Select Sector SPDR

$91.12

0.33 (0.36%)

XLK

Technology Select Sector SPDR

$73.17

0.14 (0.19%)

XLI

Industrial Select Sector SPDR

$76.26

0.47 (0.62%)

GLD

SPDR Gold Trust

$112.12

1.01 (0.91%)

SLV

iShares Silver Trust

$13.93

0.16 (1.16%)

USO

United States Oil Fund

$13.70

0.065 (0.48%)

UNG

United States Natural Gas Fund

$24.18

0.295 (1.24%)

HYG

iShares iBoxx $ High Yield Corporate Bond

$86.03

0.08 (0.09%)

LQD

iShares iBoxx $ Investment Grade Corporate Bond

$115.97

0.11 (0.09%)

TLT

iShares 20+ Year Treasury Bond Fund

$120.99

0.16 (0.13%)

IEF

iShares 7-10 Year Treasury Bond ETF

$102.49

0.04 (0.04%)

SHY

iShares 1-3 Year Treasury Bond

$83.28

0.03 (0.04%)

IWD

iShares Russell 1000 Value

$126.16

0.6 (0.48%)

IWF

iShares Russell 1000 Growth

$150.80

0.27 (0.18%)

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GLD

SPDR Gold Trust

$112.12

1.01 (0.91%)

17:33
08/17/18
08/17
17:33
08/17/18
17:33
Hot Stocks
SPDR Gold Trust holdings fall to 772.24MT from 773.41MT »

This is the 5th…

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GDOT

Green Dot

$85.04

0.37 (0.44%)

17:30
08/17/18
08/17
17:30
08/17/18
17:30
Hot Stocks
Green Dot exec Dent sells 7,754 common shares »

In a regulatory filing,…

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  • 25

    Sep

SMSI

Smith Micro

$2.49

-0.01 (-0.40%)

17:17
08/17/18
08/17
17:17
08/17/18
17:17
Syndicate
Breaking Syndicate news story on Smith Micro »

Smith Micro files to sell…

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NDRA

ENDRA Life Sciences

$2.70

0.2 (8.00%)

17:14
08/17/18
08/17
17:14
08/17/18
17:14
Syndicate
Breaking Syndicate news story on ENDRA Life Sciences »

ENDRA Life Sciences files…

03/08/13
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BA

Boeing

$346.44

0.55 (0.16%)

17:10
08/17/18
08/17
17:10
08/17/18
17:10
Hot Stocks
Boeing awarded $152.5M U.S. Navy contract »

Boeing is awarded a…

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BA

Boeing

$346.44

0.55 (0.16%)

17:09
08/17/18
08/17
17:09
08/17/18
17:09
Hot Stocks
Boeing awarded $217M Defense Department contract »

The Boeing Co has been…

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LLL

L3 Technologies

$210.37

0.56 (0.27%)

17:08
08/17/18
08/17
17:08
08/17/18
17:08
Hot Stocks
L3 Technologies awarded $240M Defense Department contract »

L-3 Communications was…

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HSGX

Histogenics

$2.65

-0.05 (-1.85%)

17:06
08/17/18
08/17
17:06
08/17/18
17:06
Syndicate
Breaking Syndicate news story on Histogenics »

Histogenics files $75M…

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PLD

Prologis

$67.45

1.79 (2.73%)

, DCT

DCT Industrial

$68.77

1.805 (2.70%)

16:58
08/17/18
08/17
16:58
08/17/18
16:58
Conference/Events
DCT Industrial to host special shareholder meeting »

Special Shareholder…

PLD

Prologis

$67.45

1.79 (2.73%)

DCT

DCT Industrial

$68.77

1.805 (2.70%)

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