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F

Ford

$9.56

0.04 (0.42%)

08:51
08/20/18
08/20
08:51
08/20/18
08:51

Ford risks high, but so is potential reward, says Morgan Stanley

Morgan Stanley analyst Adam Jonas believes Ford announcing plans to spend $11B on restructuring and then canceling its investor day may have may have the unintended consequence of raising expectations for a "big bang" of action. While acknowledging the wide range of potential outcomes, Jonas has an estimate for how Ford could recognize its planned $11B in restructuring charges over a 3-5 year period to achieve annual cost reductions of about $4B, giving it a payback period of just under 3 years that would "usually [be] a very good use of capital" by automotive standards, he tells investors. Jonas maintains an Overweight rating on Ford with a $15 price target, contending that the "risks are high, but so is the potential reward."

  • 31

    Aug

F Ford
$9.56

0.04 (0.42%)

07/20/18
JPMS
07/20/18
NO CHANGE
JPMS
Overweight
JPMorgan says buy GM, sell Tesla into Q2 earnings reports
JPMorgan analyst Ryan Brinkman forecasts lower than consensus Q2 earnings for Ford (F) and higher than Street earnings for General Motors (GM). Both companies are likely to be impacted by higher commodity costs during the quarter, although the decline in spot prices subsequent to the quarter should limit impact to the full year, Brinkman tells investors in a research note previewing the Q2 earnings for the automakers. The analyst is also concerned about the potential for a "large loss and accompanying large cash outflow" at Tesla in Q2 to "make the bridge" to GAAP profitability and positive cash generation in the second half of the year. Brinkman maintains Overweight ratings on GM and Ford, with a preference for GM shares. He also keeps his cautious Underweight rating on Tesla shares, seeing 44% downside to his $180 December 2018 price target.
07/20/18
07/20/18
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. BOFA CUTS YUM CHINA TO UNDERPERFORM: BofA Merrill Lynch analyst Chen Luo downgraded Yum China (YUMC) to Underperform from Neutral and cut its price target to $34 from $44.30. Luo said he expects Yum China to continue to underperform given a likely peak in KFC trends amid China's weakening macro environment, a likely prolonged turnaround at Pizza Hut combined with heavy costs, a slowdown in Chinese consumer consumption, and RMB depreciation. Yum China is down 4.8% in late morning trading. CREDIT SUISSE CUTS FIVE BELOW TO NEUTRAL: Credit Suisse analyst Judah Frommer downgraded Five Below (FIVE) to Neutral from Outperform, telling investors that he is moving to the sidelines as he sees risk/reward balanced at current levels given the stock's material outperformance and back-half comp acceleration that he believes is priced into shares. Frommer keeps his $110 price target and says Five Below remains one of the most differentiated concepts in retail. Five Below is down 4.4% in late morning trading. BAIRD MORE CAUTIOUS ON DRUG SUPPLY CHAIN: Baird analyst Eric Coldwell downgraded Express Scripts (ESRX), AmerisourceBergen (ABC), and McKesson (MCK), all to Neutral from Outperform, citing the heavy political attack in recent weeks against pharmacy benefit managers and members of the drug supply chain. Among them, he said AmerisourceBergen remains his preferred name, but he cannot justify putting new money to work in these names in the current environment. SUNTRUST STARTS VIKING WITH A BUY: SunTrust analyst Edward Nash initiated Viking Therapeutics (VKTX) with a Buy rating and a price target of $14, saying its VK2809 drug for lipid disorders "has the potential to become a promising treatment by addressing multiple metabolic issues" associated with the non-alcoholic steatohepatitis disease, or NASH. Viking is up 8.3% in late morning trading. JPMORGAN SAYS BUY GM, SELL TESLA INTO EARNINGS: JPMorgan analyst Ryan Brinkman forecast lower than consensus Q2 earnings for Ford (F) and higher than consensus earnings for General Motors (GM). The analyst is also concerned about the potential for a "large loss and accompanying large cash outflow" at Tesla (TSLA) in Q2 to "make the bridge" to GAAP profitability and positive cash generation in the second half of the year. Brinkman maintained Overweight ratings on GM and Ford, with a preference for GM shares. He also kept his cautious Underweight rating on Tesla shares, seeing 44% downside to his $180 December 2018 price target.
07/24/18
PIPR
07/24/18
NO CHANGE
Target $57
PIPR
Overweight
General Motors outperforming Ford in China, says Piper Jaffray
While both would suffer in a trade war, it is clear that General Motors (GM) is outperforming Ford (F) in China, Piper Jaffray analyst Alexander Potter tells investors in a research note. The analyst views GM's China business as stable, with a growing presence in luxury. He thinks Cadillac represented 16.7% of GM's Q2 revenue in China, versus 13.6% in 2017, which should boost margins. Until its "new product blitz gains momentum, Ford's China business will likely continue bleeding," Potter contends. He notes the company's Ford's retail sales in China declined by 38% year-over-year in June. The analyst keeps an Overweight rating on GM and a Neutral rating on Ford.
08/14/18
NOMU
08/14/18
NO CHANGE
Target $9
NOMU
Neutral
Ford price target lowered to $9 from $10 at Nomura Instinet
Nomura Instinet analyst Anindya Das lowered his price target for Ford to $9 after reducing fiscal 2018 earnings per share estimate by 17% to $1.20. The analyst lowered his outlook for Ford's Asia Pacific operations based on first half of 2018 sales trends and also sees Europe becoming more difficult. Das keeps a Neutral rating on Ford shares.

TODAY'S FREE FLY STORIES

DHCP

Ditech

$4.21

-0.07 (-1.64%)

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Snap

$8.93

-0.205 (-2.25%)

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Amazon.com

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1.96 (0.10%)

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TWNK

Hostess Brands

$11.66

-0.02 (-0.17%)

12:09
09/24/18
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12:09
Conference/Events
Hostess Brands management to meet with Stephens »

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TWNK

Hostess Brands

$11.66

-0.02 (-0.17%)

12:08
09/24/18
09/24
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Hostess Brands participates in a conference call with Stephens »

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BDRBF

Bombardier

$0.00

(0.00%)

12:06
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Bombardier CRJ Series certified for higher maintenance intervals »

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CCJ

Cameco

$9.83

-0.1 (-1.01%)

12:05
09/24/18
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12:05
Options
Cameco call volume above normal and directionally bullish »

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ANDV

Andeavor

$158.61

3.81 (2.46%)

, MPC

Marathon Petroleum

$85.71

2.34 (2.81%)

12:02
09/24/18
09/24
12:02
09/24/18
12:02
Hot Stocks
Andeavor, Marathon Petroleum shareholders approve merger »

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ANDV

Andeavor

$158.61

3.81 (2.46%)

MPC

Marathon Petroleum

$85.71

2.34 (2.81%)

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  • 24

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CMCSA

Comcast

$35.25

-2.66 (-7.02%)

, DIS

Disney

$111.74

1.02 (0.92%)

12:00
09/24/18
09/24
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General news
Fly Intel: Wall Street's top stories at midday »

Stocks opened in negative…

CMCSA

Comcast

$35.25

-2.66 (-7.02%)

DIS

Disney

$111.74

1.02 (0.92%)

FOXA

21st Century Fox

$44.89

0.56 (1.26%)

SKYAY

Sky

$0.00

(0.00%)

P

Pandora

$9.30

0.22 (2.42%)

SIRI

Sirius XM

$6.41

-0.565 (-8.11%)

ABX

Barrick Gold

$11.06

0.58 (5.53%)

GOLD

Randgold

$68.17

4.23 (6.62%)

AMRN

Amarin

$10.11

7.11 (237.00%)

XON

Intrexon

$18.22

3.725 (25.70%)

KORS

Michael Kors

$66.25

-6.42 (-8.83%)

NTNX

Nutanix

$42.93

-3.62 (-7.78%)

CMCSK

Comcast

$0.00

(0.00%)

FOX

21st Century Fox

$44.49

0.52 (1.18%)

03/08/13
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  • 10

    Dec

VIPS

Vipshop

$6.03

-0.52 (-7.94%)

12:00
09/24/18
09/24
12:00
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12:00
Hot Stocks
Vipshop falls -8.2% »

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KORS

Michael Kors

$66.25

-6.42 (-8.83%)

12:00
09/24/18
09/24
12:00
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12:00
Hot Stocks
Michael Kors falls -8.9% »

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PPDF

PPDAI Group

$6.01

-0.59 (-8.94%)

12:00
09/24/18
09/24
12:00
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12:00
Hot Stocks
PPDAI Group falls -8.9% »

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CRC

California Resources

$45.00

5.47 (13.84%)

12:00
09/24/18
09/24
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Hot Stocks
California Resources rises 13.6% »

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  • 03

    Oct

SA

Seabridge Gold

$13.10

1.85 (16.44%)

12:00
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Hot Stocks
Seabridge Gold rises 15.9% »

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  • 24

    Sep

XON

Intrexon

$18.22

3.725 (25.70%)

12:00
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Intrexon rises 25.4% »

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AMZN

Amazon.com

$1,920.36

2.61 (0.14%)

, SIG

Signet Jewelers

$64.47

-2.16 (-3.24%)

11:55
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Periodicals
Amazon applies for patent for 'online retail sales of jewelry,' BI reports »

Amazon (AMZN) has applied…

AMZN

Amazon.com

$1,920.36

2.61 (0.14%)

SIG

Signet Jewelers

$64.47

-2.16 (-3.24%)

TIF

Tiffany

$125.58

-1.05 (-0.83%)

DGSE

DGSE Companies

$0.57

(0.00%)

BGI

Birks Group

$1.30

(0.00%)

03/08/13
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03/08/13
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  • 26

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BTHE

Boston Therapeutics

$0.00

(0.00%)

11:55
09/24/18
09/24
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11:55
Hot Stocks
Boston Therapeutics starts study of BTI320 on type 2 diabetics on metformin »

Boston Therapeutics…

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DE

Deere

$150.80

-2.02 (-1.32%)

11:55
09/24/18
09/24
11:55
09/24/18
11:55
Options
Deere put volume heavy and directionally bearish »

Bearish flow noted in…

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11:55
09/24/18
09/24
11:55
09/24/18
11:55
Conference/Events
RBC Capital multi-industry analyst to hold group luncheon »

Multi-Industry Analyst…

BSX

Boston Scientific

$38.14

0.38 (1.01%)

11:55
09/24/18
09/24
11:55
09/24/18
11:55
Conference/Events
Boston Scientific to hold an investor event »

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11:45
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11:45
General news
Treasury's $90 B 3- and 6-month bill sale was well received »

Treasury's $90 B 3-…

SPPI

Spectrum

$21.04

-0.33 (-1.54%)

11:44
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Spectrum announces preliminary poziotinib data from Phase 2 study »

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  • 24

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SNE

Sony

$57.01

-0.025 (-0.04%)

, NTDOY

Nintendo

$0.00

(0.00%)

11:43
09/24/18
09/24
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09/24/18
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Periodicals
Sony to cease manufacturing PlayStation Vita in 2019, BI reports »

According to a recent…

SNE

Sony

$57.01

-0.025 (-0.04%)

NTDOY

Nintendo

$0.00

(0.00%)

03/08/13
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AMRN

Amarin

$9.95

6.95 (231.67%)

11:43
09/24/18
09/24
11:43
09/24/18
11:43
Recommendations
Amarin analyst commentary  »

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  • 24

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  • 01

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RAD

Rite Aid

$1.24

-0.025 (-1.98%)

11:40
09/24/18
09/24
11:40
09/24/18
11:40
Options
10K Rite Aid Jan 1 puts trade for 9c on ISE »

10K Rite Aid Jan 1 puts…

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  • 27

    Sep

JPM

JPMorgan

$117.18

-0.66 (-0.56%)

11:38
09/24/18
09/24
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09/24/18
11:38
Hot Stocks
JPMorgan's Dimon says hasn't spoken to president since election comments »

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