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F

Ford

$8.18

-0.39 (-4.55%)

06:41
10/25/18
10/25
06:41
10/25/18
06:41

Ford CEO says restructuring must be 'very thoughtfully orchestrated', CNBC says

Ford CEO Jim Hackett said the company is still evaluating the steps it needs to take to completely redesign itself amid a restructuring plan that is expected to cost at least $11B dollars and take several years, CNBC reports, citing comments Hackett made during a conference call. Hackett said he understands investor frustration over lack of clarity, but that Ford has to move cautiously, saying, "What I remind everybody of is we first have to find the areas that need the attention. We're through that. We then have to design the solutions for them. We're through a lot of that but not all of it. And then we have to put them in place and perform. If you read hesitancy from me, it's not that we don't know where we're going or don't know how to do it, it's that there's a massive undertaking that we have to have very thoughtfully orchestrated. Because my experience in doing this, the worst thing we could do is disrupt our business and we aren't going to do that." Reference Link

  • 26

    Oct

  • 13

    Dec

F Ford
$8.18

-0.39 (-4.55%)

09/26/18
LEHM
09/26/18
NO CHANGE
Target $11
LEHM
Equal Weight
Ford price target lowered to $11 from $12 at Barclays
In a research note titled "'Going Further' isn't further enough," Barclays analyst Brian Johnson lowered his price target for Ford Motor to $11 and $12 and keeps an Equal Weight rating on the name. Likely restructuring plans are not enough to get us interested, Johnson tells investors after Ford cancelled its investor day. Ford's plan borrows ideas from other manufacturers around shifting product toward trucks, exiting unattractive geographies and rationalizing architectures, the analyst contends. He says that even if successful, he sees little earnings upside and limited potential for multiple expansion for Ford shares.
10/19/18
MSCO
10/19/18
DOWNGRADE
MSCO
Equal Weight
Ford downgraded to Equal Weight from Overweight at Morgan Stanley
10/19/18
10/19/18
DOWNGRADE
Target $10

Equal Weight
Morgan Stanley downgrades Ford to Equal Weight on lack of restructuing progress
As previously reported, Morgan Stanley analyst Adam Jonas downgraded Ford (F) to Equal Weight from Overweight, stating that he now believes the market needs more evidence of success before embracing the Ford restructuring story. While Jonas sees to potential for "tens of thousands" of headcount cuts, he is increasingly concerned that the capital markets do not have confidence Ford will take decisive action fast enough, he tells investors. General Motors (GM) has taken decisive action to attract significant outside capital that validates its GM Cruise investment, and Jonas values Cruise at $11.5B. In contrast, his valuation of Ford's Argo AI business has stayed at $1B, and he sees no clear catalysts for how such assets can be recognized by the market, he added. Jonas cut his price target on Ford shares to $10 from $14.
10/19/18
10/19/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Las Vegas Sands (LVS) downgraded to Buy from Conviction Buy at Goldman Sachs. 2. eBay (EBAY) downgraded to Hold from Buy at Stifel with analyst Scott Devitt saying PayPal's (PYPL) earnings release last night suggested weak eBay gross merchandise volume trends in Q3. 3. Ford (F) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Adam Jonas saying he now believes the market needs more evidence of success before embracing the Ford restructuring story. 4. BNY Mellon (BK) downgraded to Underperform from Market Perform at Keefe Bruyette with analyst Brian Kleinhanzl saying while the company beat estimates this quarter, several line items were weaker than expectations. 5. Harley-Davidson (HOG) downgraded to Market Perform from Outperform at BMO Capital with analyst Gerrick Johnson saying his previously expected catalysts for sales and earnings did not materialize. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

BCYC

Bicycle Therapeutics

$12.15

(0.00%)

12:44
05/23/19
05/23
12:44
05/23/19
12:44
Syndicate
Bicycle Therapeutics slides after opening at $13.37 »

Bicycle Therapeutics…

03/08/13
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  • 23

    May

BDX

Becton Dickinson

$232.04

-3.72 (-1.58%)

12:44
05/23/19
05/23
12:44
05/23/19
12:44
Hot Stocks
Becton Dickinson VP Samrat Khichi sells almost $3.8M in company stock »

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SCHW

Charles Schwab

$42.50

-1.06 (-2.43%)

12:40
05/23/19
05/23
12:40
05/23/19
12:40
Options
Schwab puts active as shares shed 2.6% »

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TTOO

T2 Biosystems

$1.91

-0.65 (-25.39%)

12:39
05/23/19
05/23
12:39
05/23/19
12:39
Recommendations
T2 Biosystems analyst commentary  »

T2 Biosystems selloff…

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  • 07

    Jun

HPQ

HP Inc.

$19.01

-0.28 (-1.45%)

, CSCO

Cisco

$54.13

-1.56 (-2.80%)

12:37
05/23/19
05/23
12:37
05/23/19
12:37
Earnings
Fly Intel: What to watch in HP Inc.'s earnings report »

HP Inc. (HPQ) is…

HPQ

HP Inc.

$19.01

-0.28 (-1.45%)

CSCO

Cisco

$54.13

-1.56 (-2.80%)

JNPR

Juniper

$25.33

-0.54 (-2.09%)

CIEN

Ciena

$34.97

-0.29 (-0.82%)

FFIV

F5 Networks

$137.43

-2.9 (-2.07%)

NOK

Nokia

$4.98

-0.14 (-2.73%)

MSFT

Microsoft

$124.85

-2.82 (-2.21%)

AAPL

Apple

$178.43

-4.18 (-2.29%)

DELL

Dell Technologies

$65.75

-3.26 (-4.72%)

LNVGY

Lenovo

$0.00

(0.00%)

GOOG

Alphabet

$1,129.61

-20.89 (-1.82%)

GOOGL

Alphabet Class A

$1,133.98

-19.13 (-1.66%)

03/08/13
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03/06/13
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    Aug

  • 27

    Oct

TTWO

Take-Two

$103.79

-0.49 (-0.47%)

, EA

Electronic Arts

$92.40

-1.72 (-1.83%)

12:36
05/23/19
05/23
12:36
05/23/19
12:36
Periodicals
Bill to ban video game loot boxes gains bipartisan Senate support, Polygon says »

Democratic senators…

TTWO

Take-Two

$103.79

-0.49 (-0.47%)

EA

Electronic Arts

$92.40

-1.72 (-1.83%)

ATVI

Activision Blizzard

$42.30

-0.61 (-1.42%)

TCEHY

Tencent

$0.00

(0.00%)

UBSFY

Ubisoft

$0.00

(0.00%)

NTDOY

Nintendo

$0.00

(0.00%)

MSFT

Microsoft

$124.84

-2.83 (-2.22%)

SNE

Sony

$48.42

-2.07 (-4.10%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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    Nov

TSLA

Tesla

$194.73

3.34 (1.75%)

12:34
05/23/19
05/23
12:34
05/23/19
12:34
Hot Stocks
Tesla has no immediate plans to raise money, Charles Gasparino tweets »

Charles Gasparino of Fox…

03/08/13
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03/06/13
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  • 11

    Jun

TTOO

T2 Biosystems

$1.92

-0.64 (-25.00%)

12:34
05/23/19
05/23
12:34
05/23/19
12:34
Recommendations
T2 Biosystems analyst commentary  »

T2 Biosystems shares…

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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  • 07

    Jun

XLF

Financial Select Sector

$26.60

-0.4 (-1.48%)

12:30
05/23/19
05/23
12:30
05/23/19
12:30
Options
Hedging activity in SPDR Healthcare Fund »

Hedging activity in SPDR…

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MUX

McEwen Mining

$1.30

0.045 (3.60%)

12:25
05/23/19
05/23
12:25
05/23/19
12:25
Conference/Events
McEwen Mining to hold a company meeting »

Management holds a…

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  • 23

    May

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SSNLF

Samsung

$0.00

(0.00%)

, AAPL

Apple

$178.95

-3.66 (-2.00%)

12:24
05/23/19
05/23
12:24
05/23/19
12:24
Periodicals
Samsung, Apple reportedly in talks over OLED displays, MacRumors reports »

Samsung (SSNLF) is in…

SSNLF

Samsung

$0.00

(0.00%)

AAPL

Apple

$178.95

-3.66 (-2.00%)

03/08/13
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03/08/13
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03/06/13
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  • 03

    Jun

VIPS

Vipshop

$7.44

-0.31 (-4.00%)

12:20
05/23/19
05/23
12:20
05/23/19
12:20
Upgrade
Vipshop rating change at CLSA »

Vipshop upgraded to Buy…

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  • 23

    May

MCD

McDonald's

$198.36

-1.82 (-0.91%)

, QSR

Restaurant Brands

$69.14

0.43 (0.63%)

12:20
05/23/19
05/23
12:20
05/23/19
12:20
Periodicals
McDonald's not planning to add plant-based burger to menu, CNBC reports »

McDonald's (MCD)…

MCD

McDonald's

$198.36

-1.82 (-0.91%)

QSR

Restaurant Brands

$69.14

0.43 (0.63%)

BYND

Beyond Meat

$81.73

4.23 (5.46%)

03/08/13
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  • 23

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    Jun

HAL

Halliburton

$23.23

-1.29 (-5.26%)

12:20
05/23/19
05/23
12:20
05/23/19
12:20
Options
Hefty option play in Halliburton as shares shed nearly 6% »

Hefty option play in…

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  • 29

    May

  • 13

    Nov

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
05/23/19
05/23
12:17
05/23/19
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
05/23/19
05/23
12:16
05/23/19
12:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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AGN

Allergan

$136.16

-3.38 (-2.42%)

, MU

Micron

$33.30

-1.43 (-4.12%)

12:15
05/23/19
05/23
12:15
05/23/19
12:15
Periodicals
Hedge-fund manager David Tepper may be planning to return money, WSJ says »

According to a Wall…

AGN

Allergan

$136.16

-3.38 (-2.42%)

MU

Micron

$33.30

-1.43 (-4.12%)

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$281.31

-4.31 (-1.51%)

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

    May

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    Jun

VIPS

Vipshop

$7.41

-0.34 (-4.39%)

12:15
05/23/19
05/23
12:15
05/23/19
12:15
Upgrade
Vipshop rating change at Credit Suisse »

Vipshop upgraded to…

03/08/13
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  • 23

    May

CTL

CenturyLink

$9.82

-0.135 (-1.36%)

12:15
05/23/19
05/23
12:15
05/23/19
12:15
Options
CenturyLink put volume heavy and directionally bearish »

Bearish flow noted in…

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AAPL

Apple

$179.40

-3.21 (-1.76%)

, FB

Facebook

$182.13

-3.12 (-1.68%)

12:10
05/23/19
05/23
12:10
05/23/19
12:10
On The Fly
Fly Intel: Wall Street's top stories at midday »

Stocks have been lower…

AAPL

Apple

$179.40

-3.21 (-1.76%)

FB

Facebook

$182.13

-3.12 (-1.68%)

BBY

Best Buy

$65.45

-3.81 (-5.50%)

AVP

Avon Products

$3.60

-0.475 (-11.67%)

LB

L Brands

$24.02

-0.27 (-1.11%)

CPRT

Copart

$69.42

4.43 (6.82%)

BLMN

Bloomin' Brands

$18.60

-1.6 (-7.92%)

CMG

Chipotle

$658.50

-47.55 (-6.73%)

NTAP

NetApp

$59.44

-3.14 (-5.02%)

03/08/13
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03/06/13
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  • 09

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    Aug

FB

Facebook

$181.99

-3.26 (-1.76%)

12:09
05/23/19
05/23
12:09
05/23/19
12:09
Hot Stocks
Facebook pulled 2.2B fake accounts in Q1, believes 5% of active users are fake »

Facebook, in a new…

03/08/13
Wedge Partners
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  • 30

    May

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  • 03

    Jun

SHCAY

Sharp

$0.00

(0.00%)

, KYOCF

Kyocera

$0.00

(0.00%)

12:05
05/23/19
05/23
12:05
05/23/19
12:05
Periodicals
Sharp, Kyocera considering shifting production away from China, Nikkei says »

Sharp (SHCAY) and Kyocera…

SHCAY

Sharp

$0.00

(0.00%)

KYOCF

Kyocera

$0.00

(0.00%)

03/08/13
Wedge Partners
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03/06/13
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03/06/13
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FB

Facebook

$182.17

-3.08 (-1.66%)

12:03
05/23/19
05/23
12:03
05/23/19
12:03
Hot Stocks
Breaking Hot Stocks news story on Facebook »

Facebook removed 2.2B…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 30

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    May

  • 03

    Jun

FB

Facebook

$182.11

-3.14 (-1.70%)

12:03
05/23/19
05/23
12:03
05/23/19
12:03
Hot Stocks
Facebook estimates fake accounts total 5% of global monthly active users »

In a report posted on its…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 30

    May

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  • 03

    Jun

CTRP

Ctrip

$36.14

-1.64 (-4.34%)

12:00
05/23/19
05/23
12:00
05/23/19
12:00
Upgrade
Ctrip rating change at Daiwa »

Ctrip upgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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