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IR

Ingersoll-Rand

$92.62

0.82 (0.89%)

, UTX

United Technologies

$122.09

-8.21 (-6.30%)

07:20
10/25/18
10/25
07:20
10/25/18
07:20

Ingersoll-Rand upgraded to Overweight at KeyBanc

As previously reported, KeyBanc analyst Jeffrey Hammond upgraded Ingersoll-Rand (IR) to Overweight from Sector Weight, with a $112 price target, to reflect a more positive view on its premium execution, favorable late-cycle mix, and potential to benefit from a closer look into relative HVAC valuations brought to light by United Technologies' (UTX) likely spin of Carrier. Following the recent pull back, the analyst now views Ingersoll-Rand's valuation as compelling.

IR

Ingersoll-Rand

$92.62

0.82 (0.89%)

UTX

United Technologies

$122.09

-8.21 (-6.30%)

IR Ingersoll-Rand
$92.62

0.82 (0.89%)

10/25/18
KEYB
10/25/18
UPGRADE
KEYB
Overweight
Ingersoll-Rand upgraded to Overweight from Sector Weight at KeyBanc
10/12/18
FBCO
10/12/18
INITIATION
FBCO
Outperform
EE, MI Sector initiated with Opportunistic View at Credit Suisse
Credit Suisse analyst John Walsh initiated the U.S. Electrical Equipment and Multi-Industry Sector with an Opportunistic View, telling investors in a research note that he believes at this point in the cycle stock appreciation will be driven by earnings growth and capital allocation. He is most positive on energy-related and non-residential end markets while cautious on Fossil Power markets. Specifically, Walsh initiated Allegion (ALLE), Eaton (ETN), Ingersoll-Rand (IR), Lennox (LII), 3M (MMM) and Xylem (XYL) with Outperform ratings, Acuity Brands (AYI), Emerson (EMR), Flowserve (FLS), Fortiv (FTV), GE (GE), Honeywell (HON) and Johnson Controls (JCI) with Neutral ratings and Rockwell Automation (ROK) with an Underperform rating.
10/12/18
FBCO
10/12/18
INITIATION
Target $108
FBCO
Outperform
Ingersoll-Rand initiated with an Outperform at Credit Suisse
Credit Suisse analyst John Walsh initiated Ingersoll-Rand with an Outperform rating and $108 price target, telling investors in a research note that he thinks the company can sustain double-digit earnings growth by focusing on the "3Ps" -- planet, people and profit -- and the "Triple Bottom Line" -- financial, social and environmental.
09/21/18
09/21/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Under Armour (UA, UAA) upgraded to Neutral from Underweight at JPMorgan with analyst Matthew Boss saying he views the stock's risk/reward as more balanced following the recent underperformance. 2. Acadia (ACAD) upgraded to Overweight from Neutral at Piper Jaffray with analyst Danielle Brill citing the FDA announcement of maintained support for Nuplazid after its review. 3. AT&T (T) upgraded to Buy from Neutral at UBS with analyst John Hodulik saying the stock is trading near all-time low valuations, and at its widest valuation gap to Verizon (VZ), given a mix of EBITDA declines, concerns over the debt load and secular issues impacting the space. 4. Diamond Offshore (DO) upgraded to Buy from Hold at HSBC. 5. Ingersoll-Rand (IR) upgraded to Overweight from Neutral at JPMorgan with analyst Stephen Tusa saying he views the stock's discounted valuation relative to peers as unwarranted following the company's transformation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
UTX United Technologies
$122.09

-8.21 (-6.30%)

10/24/18
RBCM
10/24/18
NO CHANGE
Target $148
RBCM
Outperform
United Technologies price target lowered to $148 from $161 at RBC Capital
RBC Capital analyst Deane Dray lowered his price target on United Technologies (UTX) to $148 to reflect his updated model of an anticipated 3-way break-up "dis-synergies" after the completion of its Rockwell Collins (COL) deal, with the Board having indicated its intentions to review the portfolio in 2-6 weeks. The analyst keeps his Outperform rating however after the company's "solid" Q3 beat which offset the "ongoing challenges at Otis" and demonstrated that tariff-related risk is "manageable".
10/17/18
10/17/18
NO CHANGE

UTC Aerospace Systems announces 5-year agreement with Wizz Air
UTC Aerospace Systems, a unit of United Technologies, announced a five-year agreement with Wizz Air to provide thrust reverser overhaul services for the airline's fleet of Airbus A320ceo aircraft. This agreement builds upon the company's history of providing maintenance, overhaul and repair services to carriers around the world.
08/20/18
RBCM
08/20/18
NO CHANGE
RBCM
United Technologies offered 'plenty' to stay positive, says RBC Capital
RBC Capital analyst Deane Dray writes that in his investor meetings with United Technologies, the company offered "plenty of reason" to stay positive on the stock. Specifically, the analyst cites the management's confidence in concluding the Rockwell Collins acquisition in September as well as the progress in the geared turbofan, or GTF, development. Dray adds that he was also surprised with the management's candid discussions of the pros/cons of a three-way portfolio break-up.
08/15/18
UBSW
08/15/18
INITIATION
Target $160
UBSW
Buy
United Technologies initiated with a Buy at UBS
UBS analyst Myles Walton initiated coverage of the Aerospace & Defense sector, starting United Technologies with a Buy rating and $160 price target.

TODAY'S FREE FLY STORIES

NVS

Novartis

$87.04

2.58 (3.05%)

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TIVO

TiVo

$6.87

0.04 (0.59%)

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VWAGY

Volkswagen

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CNC

Centene

$56.30

0.85 (1.53%)

, WCG

WellCare

$267.57

-6.89 (-2.51%)

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Centene

$56.30

0.85 (1.53%)

WCG

WellCare

$267.57

-6.89 (-2.51%)

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SPY

SPDR S&P 500 ETF Trust

$282.86

0.67 (0.24%)

, IVV

iShares Core S&P 500

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0.69 (0.24%)

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SPDR S&P 500 ETF Trust

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XLK

Technology Select Sector SPDR

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0.33 (0.45%)

SMH

Market Vectors Semiconductor

$100.37

0.23 (0.23%)

SOXX

iShares PHLX Semiconductor ETF

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0.06 (0.03%)

LQD

iShares iBoxx $ Investment Grade Corporate Bond

$119.60

0.14 (0.12%)

EEM

iShares MSCI Emerging Markets ETF

$40.00

0.08 (0.20%)

XLU

Utilities SPDR

$59.99

0.07 (0.12%)

XLV

Health Care Select Sector SPDR

$89.56

0.17 (0.19%)

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MSFT

Microsoft

$126.65

0.46 (0.36%)

, CCOEY

Capcom

$0.00

(0.00%)

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MSFT

Microsoft

$126.65

0.46 (0.36%)

CCOEY

Capcom

$0.00

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NVS

Novartis

$86.93

2.47 (2.92%)

12:33
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CNC

Centene

$55.37

-0.08 (-0.14%)

, WCG

WellCare

$273.18

-1.28 (-0.47%)

12:33
05/24/19
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12:33
Periodicals
Third Point thinks Centene should consider sale before buying WellCare, WSJ says »

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$55.37

-0.08 (-0.14%)

WCG

WellCare

$273.18

-1.28 (-0.47%)

HUM

Humana

$262.97

3.1 (1.19%)

03/08/13
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NVS

Novartis

$86.95

2.49 (2.95%)

12:31
05/24/19
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12:31
Hot Stocks
Breaking Hot Stocks news story on Novartis »

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  • 31

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KNX

Knight-Swift

$29.75

-0.65 (-2.14%)

12:30
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Options
Volatility play opened in Knight Transportation »

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WCG

WellCare

$273.55

-0.91 (-0.33%)

, CNC

Centene

$55.41

-0.04 (-0.07%)

12:27
05/24/19
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12:27
Periodicals
Breaking Periodicals news story on WellCare, Centene »

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WellCare

$273.55

-0.91 (-0.33%)

CNC

Centene

$55.41

-0.04 (-0.07%)

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WCG

WellCare

$273.55

-0.91 (-0.33%)

, CNC

Centene

$55.41

-0.04 (-0.07%)

12:26
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Periodicals
Breaking Periodicals news story on WellCare, Centene »

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WellCare

$273.55

-0.91 (-0.33%)

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Centene

$55.41

-0.04 (-0.07%)

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FLEX

Flex

$9.39

-0.08 (-0.84%)

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BA

Boeing

$357.37

6.8 (1.94%)

12:23
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  • 29

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SNA

Snap-On

$157.57

0.25 (0.16%)

12:20
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$NSD

NASDAQ Market Internals

$0.00

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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BA

Boeing

$358.20

7.63 (2.18%)

, SMI

SMIC

$5.18

-0.315 (-5.74%)

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BA

Boeing

$358.20

7.63 (2.18%)

SMI

SMIC

$5.18

-0.315 (-5.74%)

FL

Foot Locker

$44.14

-8.705 (-16.47%)

HPQ

HP Inc.

$20.06

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HPE

HP Enterprise

$14.64

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TSS

TSYS

$110.03

10.42 (10.46%)

GPN

Global Payments

$152.60

4.63 (3.13%)

HIBB

Hibbett Sports

$24.25

4.405 (22.20%)

DVAX

Dynavax

$5.33

-1.03 (-16.20%)

SPLK

Splunk

$117.39

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ACHC

Acadia

$32.58

0.35 (1.09%)

12:13
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Conference/Events
Acadia to hold a strategic update conference call »

Management provides an…

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  • 13

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BA

Boeing

$357.94

7.365 (2.10%)

12:12
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05/24
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12:12
Hot Stocks
Breaking Hot Stocks news story on Boeing »

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BA

Boeing

$357.77

7.2 (2.05%)

12:12
05/24/19
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12:12
Periodicals
Breaking Periodicals news story on Boeing »

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SWKS

Skyworks

$69.32

0.77 (1.12%)

12:10
05/24/19
05/24
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12:10
Options
Call buyer loading up on Skyworks July 70s »

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  • 28

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TSS

TSYS

$109.69

10.08 (10.12%)

, GPN

Global Payments

$152.48

4.51 (3.05%)

12:09
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05/24
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12:09
Periodicals
Global Payments near deal to acquire TSYS for $20B in stock, CNBC reports »

Global Payments (GPN) is…

TSS

TSYS

$109.69

10.08 (10.12%)

GPN

Global Payments

$152.48

4.51 (3.05%)

03/08/13
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ESV

Ensco Rowan

$8.56

-0.285 (-3.22%)

12:05
05/24/19
05/24
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12:05
Options
Ensco call volume above normal and directionally bullish »

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