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GNRC

Generac

$57.99

-0.02 (-0.03%)

17:16
09/21/18
09/21
17:16
09/21/18
17:16

Generac announces new $250M share repurchase program

The company announced that its Board of Directors has authorized a new stock repurchase program, which will commence subsequent to the expiration of the previously announced company stock repurchase program that is due to expire on October 26, 2018. Under the newly authorized stock repurchase program, the company may repurchase up to $250M of its common stock over a 24 month period, commencing October 27, 2018.

GNRC Generac
$57.99

-0.02 (-0.03%)

07/16/18
GSCO
07/16/18
DOWNGRADE
GSCO
Sell
Generac downgraded to Sell from Neutral at Goldman Sachs
07/16/18
GSCO
07/16/18
DOWNGRADE
Target $22
GSCO
Sell
Manitowoc downgraded to Sell at Goldman Sach on weaker fundamentals
As reported earlier, Goldman Sachs analyst Jerry Revich downgraded Manitowoc (MTW) to Sell from Neutral and lowered his price target to $22 from $30 as part of his broader note on the machinery cycle. The analyst also downgraded Generac (GNRC) to Sell from Neutral with an unchanged price target of $45 and removed Caterpillar (CAT) and Deere (DE) from Conviction Buy lists. The analyst says the update on the latter two reflects more "mixed macro points", including "weaker crop prices, risk of further input cost inflation, slowing bearing orders, and a risk of further trade war escalation". Revich notes that the risk-reward on Caterpillar and Deere remains attractive, but he is more wary of rising cyclical risks. The analyst's downgrade of Manitowoc is attributed to expectations of a peak in crane organic growth in the current quarter, followed by tougher comps in Europe and the decline in U.S. rig count along with an overall "structural decline in crane content in US drilling sites and rising competitive intensity". Revich says his downgrade of Generac is driven by expectations of slower organic sales growth amid "a normalization in portable generator demand against storm period comps, a declining US rig count, tough comps on shipments into the US rental industry, and flat private non-residential construction outlook."
07/17/18
07/17/18
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. ANALYSTS SPLIT ON NETFLIX AFTER EARNINGS: Despite continuing to like Netflix's story, Deutsche Bank analyst Bryan Kraft downgraded Netflix (NFLX) to Hold from Buy as he believes that the "slowdown in growth" requires a "reevaluation of value." Meanwhile, both BMO Capital and Stifel upgraded the stock to Buy-equivalent ratings as they see the post-earnings weakness in the shares as a buying opportunity. BMO analyst Daniel Salmon raised Netflix to Outperform, with a $400 price target, saying the decline in the stock price following quarterly results offers investors an attractive level to build positions. Stifel also upgraded Netflix to Buy from Hold, with a $406 price target. Analyst Scott Devitt cited the potential for near-term subscription add expectations to reset, a strong second half of the year content slate, and a domestic and international runway, which supports a doubling of the company's subscriber base in the next five to ten years. STEPHENS SEES OPPORTUNITY IN TRIBUNE SELLOFF: Stephens analyst Kyle Evans upgraded Tribune Media (TRCO) to Overweight from Equal Weight while lowering his price target for the shares to $41 from $45. Statements from the FCC and reports by Reuters on Monday created investor concern around whether Sinclair Broadcast (SBGI) will be able to close its proposed acquisition of Tribune, Evans told investors. The analyst said he believes the FCC will allow Sinclair to remedy its concerns about proposed divestiture buyers and that Sinclair will comply with all requirements in an effort to close the deal. He believes a combination of the two companies "remains the best possible outcome for both parties." GOLDMAN SACHS DOWNGRADES MACHINERY MAKERS: Goldman Sachs analyst Jerry Revich downgraded Manitowoc (MTW) to Sell from Neutral and lowered his price target to $22 from $30 as part of his broader note on the machinery cycle. The analyst also downgraded Generac (GNRC) to Sell from Neutral with an unchanged price target of $45 and removed Caterpillar (CAT) and Deere (DE) from the firm's Conviction Buy lists. GOLDMAN ALSO DOWNGRADES GOODYEAR: Goldman Sachs analyst David Tamberrino downgraded Goodyear Tire & Rubber (GT) to Sell from Neutral and lowered his price target for the shares to $18 from $25. The analyst said he sees the "tough backdrop" for the company continuing amid raw material price increases. Further, Goodyear's pricing power "remains elusive," Tamberrino told investors in a research note.
07/18/18
RHCO
07/18/18
NO CHANGE
Target $56
RHCO
Buy
Generac weakness is a 'buying opportunity', says SunTrust
SunTrust analyst Charles Brady kept his Buy rating and $56 price target on General, saying the 4% slide in the stock price following the Goldman Sachs downgrade on Monday is a "buying opportunity" for investors. The analyst notes that the "modest decline" in the rig count is unlikely to lead to "material" impact on earnings, since its mobile products like generators that go into the energy market represent only about 10% of the company's total sales. Brady also forecasts the "stationary industrial genset market to grow low-to-mid single digits over the next several years" and the U.S. market to grow steadily for the next 5 years.

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BAC

Bank of America

$28.42

0.07 (0.25%)

20:25
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20:25
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Notable company reporting before Monday's open »

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JPM

JPMorgan

$106.88

-1.18 (-1.09%)

19:56
10/14/18
10/14
19:56
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19:56
Periodicals
JPMorgan's Dimon cancels plans to attend Saudi investor event, Reuters says »

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HRS

Harris

$154.88

0.61 (0.40%)

, LLL

L3 Technologies

$195.99

0.74 (0.38%)

19:15
10/14/18
10/14
19:15
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19:15
Hot Stocks
Fly Intel: Top five weekend stock stories »

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HRS

Harris

$154.88

0.61 (0.40%)

LLL

L3 Technologies

$195.99

0.74 (0.38%)

ATVI

Activision Blizzard

$77.99

4.13 (5.59%)

SNE

Sony

$55.50

-0.01 (-0.02%)

MSFT

Microsoft

$109.54

3.63 (3.43%)

TSLA

Tesla

$259.11

6.93 (2.75%)

JPM

JPMorgan

$106.88

-1.18 (-1.09%)

WFC

Wells Fargo

$52.12

0.7 (1.36%)

BAC

Bank of America

$28.42

0.07 (0.25%)

SCHW

Charles Schwab

$49.02

0.89 (1.85%)

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AAPL

Apple

$222.10

7.61 (3.55%)

19:11
10/14/18
10/14
19:11
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19:11
Periodicals
Apple buys music analytics startup Asaii, Axios reports »

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F

Ford

$8.65

-0.16 (-1.82%)

18:15
10/14/18
10/14
18:15
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18:15
Periodicals
Ford chairman cancels visit to Saudi investor conference, Reuters reports »

Ford Motor Chairman Bill…

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  • 13

    Dec

HON

Honeywell

$156.15

2.45 (1.59%)

17:16
10/14/18
10/14
17:16
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17:16
Hot Stocks
Honeywell business jet aviation forecast projects 7,700 new aircraft deliveries »

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T

AT&T

$32.23

0.48 (1.51%)

, CMCSA

Comcast

$34.61

0.93 (2.76%)

16:41
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10/14
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16:41
Hot Stocks
Box Office Battle: 'Venom' wins domestic box office again with $35.7M »

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T

AT&T

$32.23

0.48 (1.51%)

CMCSA

Comcast

$34.61

0.93 (2.76%)

CMCSK

Comcast

$0.00

(0.00%)

SNE

Sony

$55.50

-0.01 (-0.02%)

FOX

21st Century Fox

$44.94

0.15 (0.33%)

FOXA

21st Century Fox

$45.36

0.23 (0.51%)

LGF.A

Lionsgate

$22.51

0.79 (3.64%)

DIS

Disney

$112.61

1.44 (1.30%)

VIAB

Viacom

$31.39

0.2 (0.64%)

VIA

Viacom

$34.46

-0.25 (-0.72%)

03/08/13
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HRS

Harris

$154.88

0.61 (0.40%)

, LLL

L3 Technologies

$195.99

0.74 (0.38%)

16:33
10/14/18
10/14
16:33
10/14/18
16:33
Conference/Events
L3 Technologies and Harris to hold a joint conference call »

The companies hold a…

HRS

Harris

$154.88

0.61 (0.40%)

LLL

L3 Technologies

$195.99

0.74 (0.38%)

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  • 16

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ROK

Rockwell Automation

$172.89

2.3 (1.35%)

16:19
10/14/18
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16:19
Hot Stocks
Harpak-ULMA, Rockwell Automation to deliver smart, connected packaging machines »

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ATVI

Activision Blizzard

$77.99

4.13 (5.59%)

, SNE

Sony

$55.50

-0.01 (-0.02%)

16:16
10/14/18
10/14
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New Call of Duty delivers biggest launch day one digital sales for Activision »

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ATVI

Activision Blizzard

$77.99

4.13 (5.59%)

SNE

Sony

$55.50

-0.01 (-0.02%)

MSFT

Microsoft

$109.54

3.63 (3.43%)

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  • 03

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COL

Rockwell Collins

$134.20

-0.26 (-0.19%)

, ERJ

Embraer

$19.24

-0.095 (-0.49%)

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Rockwell Collins' Pro Line Fusion selected for Embraer's Praetor 500/600 jets »

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COL

Rockwell Collins

$134.20

-0.26 (-0.19%)

ERJ

Embraer

$19.24

-0.095 (-0.49%)

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  • 16

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HON

Honeywell

$156.15

2.45 (1.59%)

, ERJ

Embraer

$19.24

-0.095 (-0.49%)

16:06
10/14/18
10/14
16:06
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16:06
Hot Stocks
Honeywell engines to power Embraer's latest executive aircraft models »

Honeywell (HON) engines…

HON

Honeywell

$156.15

2.45 (1.59%)

ERJ

Embraer

$19.24

-0.095 (-0.49%)

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GWRE

Guidewire

$88.77

1.63 (1.87%)

16:00
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16:00
Hot Stocks
Guidewire announces 2018.2 release of P&C insurance industry platform »

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BSC

Acquired by JPM

$0.00

(0.00%)

, GS

Goldman Sachs

$213.91

0.93 (0.44%)

13:14
10/14/18
10/14
13:14
10/14/18
13:14
Periodicals
Barclays to take on Goldman with new U.S. retail current account, FT reports »

Barclays (BCS) is…

BSC

Acquired by JPM

$0.00

(0.00%)

GS

Goldman Sachs

$213.91

0.93 (0.44%)

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  • 26

    Oct

LLL

L3 Technologies

$195.99

0.74 (0.38%)

12:48
10/14/18
10/14
12:48
10/14/18
12:48
Earnings
L3 Technologies raises FY18 adjusted EPS view to $10.20-$10.30 from $9.80-$10.00 »

FY18 consensus $10.05.…

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  • 16

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LLL

L3 Technologies

$195.99

0.74 (0.38%)

12:42
10/14/18
10/14
12:42
10/14/18
12:42
Earnings
L3 Technologies reports preliminary Q3 adjusted EPS $2.85, consensus $2.41 »

Reports preliminary Q3…

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  • 16

    Oct

HRS

Harris

$154.88

0.61 (0.40%)

12:28
10/14/18
10/14
12:28
10/14/18
12:28
Earnings
Harris raises FY19 cont ops EPS $7.80-$7.90, consensus $7.84 »

Sees FY19 revenue growth…

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  • 16

    Oct

HRS

Harris

$154.88

0.61 (0.40%)

12:24
10/14/18
10/14
12:24
10/14/18
12:24
Earnings
Harris reports Q1 adjusted EPS $1.78, consensus $1.71 »

Reports Q1 revenue $1.5B,…

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  • 16

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HRS

Harris

$154.88

0.61 (0.40%)

, LLL

L3 Technologies

$195.99

0.74 (0.38%)

12:18
10/14/18
10/14
12:18
10/14/18
12:18
Hot Stocks
Harris, L3 Technologies to combine in merger of equals »

Harris Corporation (HRS)…

HRS

Harris

$154.88

0.61 (0.40%)

LLL

L3 Technologies

$195.99

0.74 (0.38%)

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  • 16

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LOACU

Longevity Acquisition Corporation

$10.24

(0.00%)

12:11
10/14/18
10/14
12:11
10/14/18
12:11
Hot Stocks
Longevity Acquisition announces separate trading of ordinary shares, rights »

Longevity Acquisition…

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HRS

Harris

$154.88

0.61 (0.40%)

, LLL

L3 Technologies

$195.99

0.74 (0.38%)

08:10
10/14/18
10/14
08:10
10/14/18
08:10
Periodicals
Harris, L3 Technologies near agreement to merge, WSJ reports »

Harris Corporation (HRS)…

HRS

Harris

$154.88

0.61 (0.40%)

LLL

L3 Technologies

$195.99

0.74 (0.38%)

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  • 16

    Oct

SCHW

Charles Schwab

$49.02

0.89 (1.85%)

19:36
10/13/18
10/13
19:36
10/13/18
19:36
Conference/Events
Charles Schwab to host conference call »

Fall business update…

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FDX

FedEx

$220.97

3.54 (1.63%)

16:46
10/13/18
10/13
16:46
10/13/18
16:46
Conference/Events
FedEx management to meet with Stephens »

Meeting to be held in…

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