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HRS

Harris

$154.88

0.61 (0.40%)

, LLL

L3 Technologies

$195.99

0.74 (0.38%)

07:55
10/15/18
10/15
07:55
10/15/18
07:55

L3 Technologies and Harris to hold a joint conference call

The companies hold a joint conference call to discuss the merging of the two companies on October 15 at 8 am. Webcast Link

HRS

Harris

$154.88

0.61 (0.40%)

LLL

L3 Technologies

$195.99

0.74 (0.38%)

  • 15

    Oct

  • 15

    Oct

  • 16

    Oct

HRS Harris
$154.88

0.61 (0.40%)

08/16/18
ARGS
08/16/18
NO CHANGE
Target $190
ARGS
Buy
Harris price target raised to $190 from $170 at Argus
Argus analyst John Eade raised his price target on Harris to $190 and kept his Buy rating after the company's recent earnings beat and FY19 guidance implying high-teen EPS growth in FY19. The analyst notes that Harris should "benefit from a substantial increase in military spending following the March 2018 federal budget agreement", along with a solid earnings growth coming in FY19 and subsequent years. In the near term, Eade expects the demand for the company's tactical communication services to become its strongest growth area. The analyst adds that Harris trades at a slightly premium to the market on price-to-sales multiple basis, but believes that the premium is warranted based on his forecast of 16% EPS growth for the company over the next 5 years.
08/15/18
UBSW
08/15/18
INITIATION
Target $175
UBSW
Neutral
Harris initiated with a Neutral at UBS
UBS analyst Myles Walton initiated coverage of the Aerospace & Defense sector, starting Harris with a Neutral rating and $175 price target.
08/01/18
FBCO
08/01/18
NO CHANGE
Target $190
FBCO
Outperform
Harris price target raised to $190 from $175 at Credit Suisse
Credit Suisse analyst Robert Spingarn raised his price target for Harris to $190 from $175 after the company reported a largely in-line quarter and FY19 guide, while raising its medium-term guidance, calling for high-single digit growth across its Communication Systems and Electronic Systems segments, and indicating further potential upside to margins of 30.0% and 18.6%, respectively. The analyst reiterates an Outperform rating on the shares.
07/05/18
ARGS
07/05/18
NO CHANGE
Target $170
ARGS
Buy
Harris price target lowered to $170 from $196 at Argus
Argus analyst John Eade lowered his price target on Harris to $170 from $196 after a 8.4% decline in its stock price over the past quarter as a result of the "ongoing trade and tariff concerns" stemming from "presidential tweets". Eade keeps his Buy rating however and believes that the pullback offers a buying opportunity, saying the company stands to benefit from a "substantial increase in military spending following the March 2018 federal budget agreement" with solid earnings growth expected in 2018 and beyond. The analyst also notes that the slight valuation premium for Harris on price to sales multiple is deserved given his forecast for the company's earnings growth.
LLL L3 Technologies
$195.99

0.74 (0.38%)

10/15/18
VERT
10/15/18
UPGRADE
VERT
Buy
L3 Technologies upgraded to Buy from Hold at Vertical Research
09/21/18
09/21/18
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. UBS SAYS BUY AT&T: UBS analyst John Hodulik upgraded AT&T (T) to Buy and raised his price target for the shares to $38 from $33, noting that the stock is trading near all-time low valuations and at its widest valuation gap to Verizon (VZ). The Time Warner transaction and accounting changes "have compounded [other] issues, leading to a loss of visibility for investors," but his work indicates that AT&T will return to EBITDA growth in the second half of 2018, after a 6% decline in the first half, due to growth in Wireless and WarnerMedia as well as slower declines in Entertainment. JPMORGAN GOES TO BULL FROM BEAR ON NOVAVAX: JPMorgan analyst Eric Joseph double upgraded Novavax (NVAX) to Overweight from Underweight saying the risk/reward is favorable into the report of Prepare trial data in Q1 of 2019. The trial is assessing the efficacy of the company's RSV F Vaccine for infants via maternal immunization and the analyst believes the shares can hit a range of $2.00 to $2.25, he told investors. JPMORGAN SUGGESTS BEING SHORT COPART, LONG KAR: JPMorgan analyst Ryan Brinkman downgraded Copart (CPRT) to Underweight and lowered his price target for the shares to $47 from $48. The company reported softer than expected Q4 results this week but trades at "near record multiples" of earnings and EBITDA, Brinkman told investors. The analyst sees a potential pair trade in going long KAR Auction (KAR) shares, and short Copart shares, to capitalize on the "valuation disconnect." LOOP SETS $8.25 TARGET ON HARMONIC: Loop Capital analyst James Kisner initiated Harmonic (HLIT) with a Buy rating and $8.25 price target, saying he believes Harmonic can "drive robust revenue growth on its Cable Edge business as cable operators like Comcast (CMCSA, CMCSK) adopt its virtual CCAP/CMTS solution," and that the company's video business with stabilize. 'DON'T PANIC' OVER DOD PROPOSAL: Morgan Stanley analyst Rajeev Lalwani attributes the underperformance in Defense stocks over the last two days compared to the broader market to heightened concerns around a month old proposal from the Department of Defense to adjust progress and performance payments down to 50% from 80% of cost, which would effectively slow the timing of cash flow receipts closer to when a project is complete. He sees a number of reasons not to panic, mainly because he believes that the Administration will not move forward with a proposal industry-players will paint as being anti-business and anti-defense spending. Publicly-traded defense contractors include General Dynamics (GD), Huntington Ingalls (HII), L3 Technologies (LLL), Lockheed Martin (LMT), Northrop Grumman (NOC) and Raytheon (RTN).
09/21/18
MSCO
09/21/18
NO CHANGE
MSCO
Morgan Stanley says not to panic over Defense payment proposal
Morgan Stanley analyst Rajeev Lalwani attributes the underperformance in Defense stocks over the last two days compared to the broader market to heightened concerns around a month old proposal from the Department of Defense to adjust progress and performance payments down to 50% from 80% of cost, which would effectively slow the timing of cash flow receipts closer to when a project is complete. He sees a number of reasons not to panic, firstly because he believes that the Administration will not move forward with a proposal industry-players will paint as being anti-business and anti-defense spending. Even if it were to move forward, the proposal primarily impacts cash flow timing, with underlying earnings unchanged and potential offsets evident, Lalwani tells investors. Lastly, while there would be considerable uncertainty around rule implementation, the proposal would create a path to superior cash flows versus today, the analyst added. Companies in the defense contracting space include General Dynamics (GD), Huntington Ingalls (HII), L3 Technologies (LLL), Lockheed Martin (LMT), Northrop Grumman (NOC) and Raytheon (RTN).
08/21/18
RHCO
08/21/18
NO CHANGE
Target $41
RHCO
Buy
SunTrust raises price target on Aerojet Rocketdyne and Heico
SunTrust analyst Michael Ciarmoli raised his price target on Aerojet Rocketdyne (AJRD) to $41 from $36 and Heico (HEI) to $85 from $76 as part of his broader research note on the Aerospace & Defense sector. The analyst notes that select names will benefit from his expected "swift passage" of the FY19 defense spending bill that will yield accelerated bookings and growth in the second half of FY18. Ciarmoli also highlights buy-rated Curtis Wright (CW) and L3 Technologies (LLL) as his favorite long ideas.

TODAY'S FREE FLY STORIES

10:35
10/16/19
10/16
10:35
10/16/19
10:35
General news
FX Action: USD-CAD »

FX Action: USD-CAD popped…

PNC

PNC Financial

$142.83

3.27 (2.34%)

10:34
10/16/19
10/16
10:34
10/16/19
10:34
Hot Stocks
PNC Financial notes 'obvious unanswered questions' about operating environment »

Comments taken from Q3…

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ALXN

Alexion

$102.75

-2.095 (-2.00%)

, ACHN

Achillion

$6.34

2.685 (73.46%)

10:31
10/16/19
10/16
10:31
10/16/19
10:31
Recommendations
Alexion, Achillion analyst commentary  »

Piper likes Alexion…

ALXN

Alexion

$102.75

-2.095 (-2.00%)

ACHN

Achillion

$6.34

2.685 (73.46%)

03/08/13
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03/06/13
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03/06/13
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  • 16

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IRBT

iRobot

$59.38

1.59 (2.75%)

10:28
10/16/19
10/16
10:28
10/16/19
10:28
Recommendations
iRobot analyst commentary  »

Citi opens negative…

03/08/13
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  • 23

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WBA

Walgreens Boots Alliance

$54.85

0.34 (0.62%)

10:25
10/16/19
10/16
10:25
10/16/19
10:25
Options
Walgreen Boots call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 28

    Oct

10:25
10/16/19
10/16
10:25
10/16/19
10:25
General news
Treasury Action: yields remain on the richer side »

Treasury Action: yields…

10:25
10/16/19
10/16
10:25
10/16/19
10:25
General news
The U.S. retail sales report undershot estimates »

The U.S. retail sales…

10:25
10/16/19
10/16
10:25
10/16/19
10:25
Conference/Events
House Energy & Commerce Committee to hold a hearing »

The Subcommittee on…

ABC

AmerisourceBergen

$88.20

5.02 (6.04%)

, CAH

Cardinal Health

$50.83

2.9 (6.05%)

10:25
10/16/19
10/16
10:25
10/16/19
10:25
Conference/Events
Wolfe Research healthcare tech analyst to hold an analyst/industry webcast »

Healthcare Technology…

ABC

AmerisourceBergen

$88.20

5.02 (6.04%)

CAH

Cardinal Health

$50.83

2.9 (6.05%)

MCK

McKesson

$148.00

9.83 (7.11%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 16

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  • 06

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  • 07

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  • 07

    Nov

VZ

Verizon

$60.11

-0.44 (-0.73%)

, CMCSA

Comcast

$45.42

-0.25 (-0.55%)

10:21
10/16/19
10/16
10:21
10/16/19
10:21
Initiation
Fly Intel: Top five analyst initiations »

Catch up on today's…

VZ

Verizon

$60.11

-0.44 (-0.73%)

CMCSA

Comcast

$45.42

-0.25 (-0.55%)

T

AT&T

$37.95

0.045 (0.12%)

INOV

Inovalon

$15.19

0.145 (0.96%)

ASMB

Assembly Biosciences

$10.95

1.65 (17.74%)

CDXC

ChromaDex

$3.19

0.19 (6.33%)

AXSM

Axsome Therapeutics

$20.68

0.03 (0.15%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 22

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  • 19

    Nov

ADBE

Adobe

$267.83

-11.57 (-4.14%)

, AYI

Acuity Brands

$122.30

-2.51 (-2.01%)

10:20
10/16/19
10/16
10:20
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10:20
Downgrade
Fly Intel: Top five analyst downgrades »

Catch up on today's…

ADBE

Adobe

$267.83

-11.57 (-4.14%)

AYI

Acuity Brands

$122.30

-2.51 (-2.01%)

COST

Costco

$296.18

-2.24 (-0.75%)

NOW

ServiceNow

$251.66

-22.94 (-8.35%)

XOG

Extraction Oil & Gas

$2.47

-0.18 (-6.79%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 23

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  • 04

    Nov

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    Dec

JNJ

Johnson & Johnson

$135.77

2.93 (2.21%)

, FMC

FMC Corporation

$84.39

1.33 (1.60%)

10:20
10/16/19
10/16
10:20
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10:20
Upgrade
Fly Intel: Top five analyst upgrades »

Catch up on today's…

JNJ

Johnson & Johnson

$135.77

2.93 (2.21%)

FMC

FMC Corporation

$84.39

1.33 (1.60%)

PSTG

Pure Storage

$17.92

0.27 (1.53%)

PDFS

PDF Solutions

$14.29

1.08 (8.18%)

BLDR

Builders FirstSource

$22.13

0.59 (2.74%)

BMCH

BMC Stock Holdings

$26.94

0.79 (3.02%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 30

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    Dec

WE

We Company

$0.00

(0.00%)

, SFTBF

SoftBank

$0.00

(0.00%)

10:20
10/16/19
10/16
10:20
10/16/19
10:20
Periodicals
SoftBank to give We Company $5B financing, won't take majority stake, NAR says »

SoftBank Group (SFTBF)…

WE

We Company

$0.00

(0.00%)

SFTBF

SoftBank

$0.00

(0.00%)

03/08/13
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CRLBF

Cresco Labs

$0.00

(0.00%)

10:18
10/16/19
10/16
10:18
10/16/19
10:18
Hot Stocks
Cresco Labs receives adult-use approval for all five Illinois dispensaries »

Cresco Labs announced…

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  • 14

    Nov

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
10/16/19
10/16
10:17
10/16/19
10:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

10:16
10/16/19
10/16
10:16
10/16/19
10:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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WORK

Slack Technologies

$22.90

-1.84 (-7.44%)

10:15
10/16/19
10/16
10:15
10/16/19
10:15
Options
Slack put volume heavy and directionally bearish »

Bearish flow noted in…

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10:15
10/16/19
10/16
10:15
10/16/19
10:15
General news
U.S. NAHB housing market index jumped 3 points to 71 in October »

U.S. NAHB housing market…

10:15
10/16/19
10/16
10:15
10/16/19
10:15
General news
U.S. business inventories were unchanged in August, with sales up 0.2% »

U.S. business inventories…

MKGAF

Merck KGaA

$0.00

(0.00%)

10:13
10/16/19
10/16
10:13
10/16/19
10:13
Conference/Events
Merck KGaA participates in a conference call with JPMorgan »

European Pharmaceuticals…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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10:10
10/16/19
10/16
10:10
10/16/19
10:10
General news
FX Action: The dollar »

FX Action: The dollar was…

10:07
10/16/19
10/16
10:07
10/16/19
10:07
General news
Atlanta Fed Business Inflation Expectations Bus Infl Exp % Yr/Yr data reported »

October Atlanta Fed…

APLS

Apellis

$28.15

1.71 (6.47%)

10:06
10/16/19
10/16
10:06
10/16/19
10:06
Conference/Events
Apellis participates in a conference call with JPMorgan »

SMid Biotechnology…

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  • 17

    Oct

AEP

American Electric

$91.59

-0.14 (-0.15%)

10:06
10/16/19
10/16
10:06
10/16/19
10:06
Hot Stocks
American Electric names Julius Cox SVP, chief human resources officer »

American Electric Power…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 24

    Oct

  • 10

    Nov

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    Nov

AEO

American Eagle

$15.07

0.115 (0.77%)

10:05
10/16/19
10/16
10:05
10/16/19
10:05
Hot Stocks
American Eagle to hire roughly 10,000 part-time seasonal brand ambassadors »

American Eagle Outfitters…

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03/06/13
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03/06/13
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