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LMT

Lockheed Martin

$332.99

5.51 (1.68%)

10:26
10/15/18
10/15
10:26
10/15/18
10:26

Lockheed Martin's F-35 flights resume after examination, Reuters reports

F-35 jets have resumed flights following engine inspections, Reuters reports, citing the Pentagon. More than 80% of the Lockheed Martin jets cleared engine examinations and have been approved to fly. All U.S. and international F-35 fighter jets made by Lockheed were grounded last week so that fuel tubes could be examined. Reference Link

  • 23

    Oct

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    Oct

LMT Lockheed Martin
$332.99

5.51 (1.68%)

08/15/18
UBSW
08/15/18
INITIATION
Target $400
UBSW
Buy
Lockheed Martin initiated with a Buy at UBS
UBS analyst Myles Walton initiated coverage of the Aerospace & Defense sector, starting Lockheed Martin with a Buy rating and $400 price target.
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).
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).
10/03/18
FBCO
10/03/18
NO CHANGE
Target $368
FBCO
Neutral
Lockheed Martin price target raised to $368 from $340 at Credit Suisse
Credit Suisse analyst Robert Spingarn raised his price target for Lockheed Martin to $368 from $340 as his in-depth review of both the F-35 program and the broader business suggests that the bear case largely misses the mark. The analyst believes that Aeronautics and MFC will remain Lockheed's growth leaders over the next several years, and expects growth in Aeronautics to slow but remain positive beyond 2020 as rising F-35 sustainment revenues are only partially offset by C-130J headwinds and plateauing F-35 procurement quantities. RMS faces Black Hawk headwinds in the near-term, but growth should pick up in 2020 and beyond, he contends, adding that space should grow modestly in the near-term. The analyst reiterates a Neutral rating on the shares.

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WMT

Walmart

$99.59

1.32 (1.34%)

14:10
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Walmart calls lead puts 3:1 and implied volatility is at 52-week lows »

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Oil Action: WTI crude »

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RCII

Rent-A-Center

$21.29

-0.0697 (-0.33%)

14:07
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SKX

Skechers

$32.80

0.22 (0.68%)

14:05
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Options
Skechers call volume above normal and directionally bullish »

Bullish option flow…

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Fed funds futures are little changed, though deferred contracts are fractionally lower »

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SNE

Sony

$46.06

-0.195 (-0.42%)

, EA

Electronic Arts

$98.17

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Sony Playstation, EA announce first season of Apex Legends starts March 19 »

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SNE

Sony

$46.06

-0.195 (-0.42%)

EA

Electronic Arts

$98.17

-0.82 (-0.83%)

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GEVO

Gevo

$2.40

0.11 (4.80%)

14:03
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Gevo calls out mention of company by Richard Branson »

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  • 27

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FLIR

Flir Systems

$49.83

-0.31 (-0.62%)

13:53
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13:53
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13:53
Downgrade
Flir Systems rating change  »

Flir Systems downgraded…

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  • 19

    Apr

RIO

Rio Tinto

$57.03

1.04 (1.86%)

13:49
03/18/19
03/18
13:49
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13:49
Periodicals
SEC can pursue Rio Tinto fraud cause, judge says, Reuters reports »

U.S. District Judge…

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CREE

Cree

$56.77

-0.14 (-0.25%)

13:45
03/18/19
03/18
13:45
03/18/19
13:45
Options
Cree call volume above normal and directionally bullish »

Bullish option flow…

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  • 01

    May

ON

ON Semiconductor

$21.95

-0.23 (-1.04%)

13:39
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13:39
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ON Semiconductor has introduced two new silicon carbide, SiC Mosfet devices »

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GOOG

Alphabet

$1,180.85

-4.41 (-0.37%)

, GOOGL

Alphabet Class A

$1,184.84

-6.94 (-0.58%)

13:38
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13:38
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Periodicals
Google denies working with Chinese military, NBCNews reports »

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GOOG

Alphabet

$1,180.85

-4.41 (-0.37%)

GOOGL

Alphabet Class A

$1,184.84

-6.94 (-0.58%)

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  • 18

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    Oct

13:35
03/18/19
03/18
13:35
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13:35
General news
U.S. corporate bond update: a couple of issuers are jumping in »

U.S. corporate bond…

CCI

Crown Castle

$124.05

-1.03 (-0.82%)

13:35
03/18/19
03/18
13:35
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13:35
Options
Crown Castle put volume heavy and directionally bearish »

Bearish flow noted in…

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13:35
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General news
Treasury Option Action: call spread liquidation »

Treasury Option Action:…

FB

Facebook

$159.31

-6.68 (-4.02%)

13:33
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Periodicals
Blumenthal wants Facebook probe after live stream of mosque attack, NY Post says »

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  • 27

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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

, SPX

S&P 500

$0.00

(0.00%)

13:30
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Periodicals
U.K. speaker says parliament won't vote again on Brexit deal, WSJ reports »

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DJX

Dow Jones Industrial Average

$0.00

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SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$281.92

0.61 (0.22%)

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GNL

Global Net Lease

$18.38

-0.1 (-0.54%)

13:29
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13:29
Conference/Events
Global Net Lease management to meet with JMP Securities »

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  • 25

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NVRO

Nevro

$44.31

0.56 (1.28%)

13:27
03/18/19
03/18
13:27
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13:27
Conference/Events
Nevro management to meet with JMP Securities »

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  • 20

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NVRO

Nevro

$44.15

0.4 (0.91%)

13:27
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13:27
Conference/Events
Nevro management to meet with SVB Leerink »

Meeting to be held in New…

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  • 20

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APYX

Apyx Medical

$7.93

0.005 (0.06%)

13:25
03/18/19
03/18
13:25
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13:25
Conference/Events
Apyx Medical management to meet with JMP Securities »

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  • 21

    Mar

T

AT&T

$30.77

0.09 (0.29%)

13:24
03/18/19
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13:24
Periodicals
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CXP

Columbia Property

$21.99

-0.13 (-0.59%)

13:21
03/18/19
03/18
13:21
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13:21
Conference/Events
Columbia Property management to meet with JMP Securities »

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  • 20

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