Breaking News Instant updates and real-time market news.

VC

Visteon

$67.58

-4.1 (-5.72%)

, F

Ford

$8.82

-0.205 (-2.27%)

06:24
12/10/18
12/10
06:24
12/10/18
06:24

Goldman downgrades Visteon to Sell with 2019 'likely another down year'

Goldman Sachs analyst David Tamberrino downgraded Visteon (VC) to Sell from Neutral and lowered his price target for the shares to $63 from $83. The analyst sees risk to the company's 2021 targets with 2019 "likely another down year." He believes Visteon will continue to underperform peers in an "already difficult" environment for Autos. Visteon's upcoming business update will likely to be a negative catalyst due to "soft" 2019 guidance, lowered 2021 targets, and backlog revisions, Tamberrino tells investors in a research note. Further, the analyst sees potential for additional volume and pricing pressure given Visteon's (F) high Ford exposure as well as a lower likelihood of a takeout.

VC

Visteon

$67.58

-4.1 (-5.72%)

F

Ford

$8.82

-0.205 (-2.27%)

  • 13

    Dec

  • 23

    Jan

VC Visteon
$67.58

-4.1 (-5.72%)

12/10/18
GSCO
12/10/18
DOWNGRADE
Target $63
GSCO
Sell
Visteon downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst David Tamberrino downgraded Visteon to Sell and lowered his price target for the shares to $63 from $83. The analyst sees risk to the company's 2021 targets with 2019 "likely another down year."
12/04/18
JEFF
12/04/18
INITIATION
Target $69
JEFF
Underperform
Visteon initiated with an Underperform at Jefferies
Jefferies analyst David Kelley started Visteon with an Underperform rating and $69 price target. The analyst sees risk to 2020-2021 consensus sales growth expectations, which he believes factor in Visteon's "robust" new business wins but underestimate recently slowing underlying global vehicle production and ongoing customer schedule cuts, particularly in China.
11/14/18
11/14/18
DOWNGRADE
Target $30

Underweight
Tenneco downgraded to Underweight in 'uncertain environment' at Morgan Stanley
As previously reported, Morgan Stanley analyst Armintas Sinkevicius downgraded Tenneco (TEN) to Underweight from Equal Weight given its elevated leverage and limited free cash flow conversion in what he views as an increasingly uncertain environment for auto suppliers. He believes the stock is unlikely to be viewed more favorably by the market until the spin of the Aftermarket & Ride Performance business in late 2019, "at best." Sinkevicius lowered his price target on Tenneco shares to $30 from $40. On the group in general, the analyst noted that Q3 results were disappointing compared to consensus estimates and he believes there will be limited support for the stocks until there is more clarity around China and until guidance for 2019 is "de-risked." Sinkevicius also lowered his price targets for Adient (ADNT), Aptiv (APTV), American Axle (AXL), BorgWarner (BWA), Delphi Technologies (DLPH), Goodyear Tire (GT), Lear (LEA), Magna (MGA) and Visteon (VC).
10/17/18
WELS
10/17/18
NO CHANGE
Target $86
WELS
Market Perform
Visteon price target lowered to $86 from $123 at Wells Fargo
Wells Fargo analyst Richard Kwas lowered his price target for Visteon to $86 from $123 ahead of quarterly results. The analyst reiterates a Market Perform rating on the shares.
F Ford
$8.82

-0.205 (-2.27%)

12/03/18
MSCO
12/03/18
NO CHANGE
Target $10
MSCO
Equal Weight
Ford restructuring could involve more job cuts than GM, says Morgan Stanley
Morgan Stanley analyst Adam Jonas noted that General Motors' (GM) headcount cuts have "attracted political attention at the highest level," but he thinks Ford (F) could announce potentially even larger cuts, estimating that the automaker's restructuring plan involves as many as 25,000 job reductions globally. Jonas estimates a large portion of Ford's restructuring actions will be focused on Ford Europe, but he also expects a significant restructuring effort in North America involving employees of both the UAW and CAW unions. The analyst contends this "is not just a GM or a Ford thing" and believes "existential business model risk" will be prioritized over near-term profits and cash return. Jonas has an Equal Weight rating and $10 price target on Ford shares.
11/27/18
MSCO
11/27/18
NO CHANGE
MSCO
Equal Weight
Ford's biggest challenges must be confronted alone, says Morgan Stanley
Morgan Stanley analyst Adam Jonas said Ford (F) shares have been moving on hopes of significant cooperation with Volkswagen (VLKAY) following the signing of an MOU between the two automakers last June. While he believes VW and Ford have some "extremely complementary areas of weakness and strength" and he sees scope for a VW collaboration to save Ford $2B-$4B annually or more, Jonas also contends that Ford's "biggest challenges must be confronted alone." He added that a full merger or "grand alliance" is a long shot and Jonas does not expect a significant flow of capital from Ford to VW or vice versa at this stage. He maintains an Equal Weight rating on Ford shares, stating that General Motors' (GM) restructuring announcement will focus investor attention on Ford's next steps.
11/27/18
MSCO
11/27/18
NO CHANGE
MSCO
Equal Weight
Morgan Stanley sees Ford announcing similar steps to GM 'relatively soon'
After General Motors (GM) announced plans to close or not to allocate product to 7 plants globally and cut 15% of its global salaried work force, Morgan Stanley analyst Adam Jonas said the news was a surprise and that the timing is "unusually proactive by auto company standards," though he sees the steps as necessary to ensuring GM's long-term sustainability and independence. He also said there is a reason you don't typically see "thriving" auto companies cut thousands of jobs at high points in the cycle, as Jonas expects the labor and political response as "likely to be severe." Jonas added that he thinks GM's restructuring addresses a range of issues facing all automakers and he is prepared for Ford (F) to announce a series of actions similar to what GM has announced "relatively soon." Jonas has an Overweight rating on GM shares and an Equal Weight rating on Ford.
10/29/18
10/29/18
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. Ford (F) upgraded to Buy from Neutral at Goldman Sachs with analyst David Tamberrino saying he views the stock as a "product and self-help story" along with an "attractive" dividend yield. 2. Helmerich & Payne (HP) upgraded to Market Perform from Underperform at BMO Capital. 3. STMicroelectronics (STM) upgraded to Neutral from Sell at UBS. 4. AB InBev (BUD) upgraded to Outperform from Sector Perform at RBC Capital with analyst James Edwardes Jones saying while the company's Q3 results were "disappointing," he believes that shares were also oversold given that the company's "sales growth looks OK relative to the rest of the consumer staples sector." 5. ConocoPhillips (COP) upgraded to Buy from Neutral at BofA/Merrill with analyst Doug Leggate saying ConocoPhillips' has a favorably leveraged oil portfolio mix which is overlooked by the market and benefits from the 2014 change in the Alaska tax regime. 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

NGVC

Natural Grocers

$9.28

0.64 (7.41%)

16:57
11/14/19
11/14
16:57
11/14/19
16:57
Hot Stocks
Natural Grocers issues recall on organic soybeans due to mold »

Cottage Natural Food…

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

See Street Research during your Free Trial

  • 14

    Nov

KMPH

KemPharm

$0.51

0.0229 (4.66%)

16:56
11/14/19
11/14
16:56
11/14/19
16:56
Earnings
KemPharm reports Q3 diluted EPS 6c, consensus (19c) »

Reports Q3 revenue…

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

See Street Research during your Free Trial

  • 14

    Nov

MTD

Mettler-Toledo

$713.22

-8.48 (-1.18%)

16:55
11/14/19
11/14
16:55
11/14/19
16:55
Initiation
Mettler-Toledo initiated  »

Mettler-Toledo initiated…

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

See Street Research during your Free Trial

WAT

Waters

$213.34

-0.06 (-0.03%)

16:52
11/14/19
11/14
16:52
11/14/19
16:52
Initiation
Waters initiated  »

Waters initiated with a…

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

See Street Research during your Free Trial

NBSE

NeuBase Therapeutics

$5.19

0.04 (0.78%)

, HGV

Hilton Grand Vacations

$35.29

0.05 (0.14%)

16:51
11/14/19
11/14
16:51
11/14/19
16:51
Hot Stocks
Greenlight raises stake in Brighthouse, cuts stake in Dillard's »

David Einhorn's…

NBSE

NeuBase Therapeutics

$5.19

0.04 (0.78%)

HGV

Hilton Grand Vacations

$35.29

0.05 (0.14%)

KAR

KAR Auction

$22.80

0.88 (4.01%)

VAL

Valaris

$4.09

-0.25 (-5.76%)

CARS

Cars.com

$12.56

0.48 (3.97%)

BHF

Brighthouse Financial

$40.06

0.055 (0.14%)

CC

Chemours

$18.54

0.2 (1.09%)

GM

General Motors

$36.80

-0.4 (-1.08%)

ADNT

Adient

$20.37

-0.705 (-3.35%)

DDS

Dillard's

$77.04

9.235 (13.62%)

GRBK

Green Brick

$11.69

0.03 (0.26%)

AER

AerCap

$59.97

-0.39 (-0.65%)

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

See Street Research during your Free Trial

  • 04

    Dec

BGNE

BeiGene

$195.90

-1.25 (-0.63%)

16:50
11/14/19
11/14
16:50
11/14/19
16:50
Hot Stocks
Breaking Hot Stocks news story on BeiGene 

BeiGene trading resumes

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

See Street Research during your Free Trial

  • 07

    Dec

  • 27

    Feb

PAYS

Paysign

$11.27

-0.56 (-4.73%)

16:47
11/14/19
11/14
16:47
11/14/19
16:47
Initiation
Paysign initiated  »

Paysign initiated with a…

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

See Street Research during your Free Trial

AWK

American Water

$117.90

0.945 (0.81%)

16:47
11/14/19
11/14
16:47
11/14/19
16:47
Hot Stocks
Pennsylvania American Water to acquire Kane Authority wastewater assets »

Pennsylvania American…

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

See Street Research during your Free Trial

AVTR

Avantor

$15.98

0.36 (2.30%)

16:46
11/14/19
11/14
16:46
11/14/19
16:46
Initiation
Avantor initiated  »

Avantor initiated with a…

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

See Street Research during your Free Trial

EUSHF

Eurocash

$0.00

(0.00%)

16:46
11/14/19
11/14
16:46
11/14/19
16:46
Downgrade
Eurocash rating change  »

Eurocash downgraded to…

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

See Street Research during your Free Trial

16:45
11/14/19
11/14
16:45
11/14/19
16:45
General news
Breaking General news story  »

Dallas Federal Reserve…

16:45
11/14/19
11/14
16:45
11/14/19
16:45
General news
Breaking General news story  »

Dallas Federal Reserve…

TMO

Thermo Fisher

$300.82

0.92 (0.31%)

16:44
11/14/19
11/14
16:44
11/14/19
16:44
Initiation
Thermo Fisher initiated  »

Thermo Fisher initiated…

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

See Street Research during your Free Trial

  • 02

    Dec

  • 07

    Dec

RH

RH

$175.19

1.98 (1.14%)

16:41
11/14/19
11/14
16:41
11/14/19
16:41
Hot Stocks
Breaking Hot Stocks news story on RH »

RH jumps 6% to $186.56…

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

See Street Research during your Free Trial

PTON

Peloton

$25.96

0.015 (0.06%)

, ALC

Alcon

$58.90

-0.17 (-0.29%)

16:41
11/14/19
11/14
16:41
11/14/19
16:41
Hot Stocks
Soros adds to Celgene position, lowers Caesars stake, exits Disney »

George Soros' Soros…

PTON

Peloton

$25.96

0.015 (0.06%)

ALC

Alcon

$58.90

-0.17 (-0.29%)

ALLY

Ally Financial

$30.83

0.15 (0.49%)

ORCC

Owl Rock

$18.20

0.2 (1.11%)

DIS

Disney

$147.19

-1.5 (-1.01%)

VMC

Vulcan Materials

$141.66

3.04 (2.19%)

CAG

Conagra Brands

$28.45

0.13 (0.46%)

CELG

Celgene

$110.03

-0.42 (-0.38%)

EPC

Edgewell Personal Care

$31.40

-0.815 (-2.53%)

VST

Vistra Energy

$26.34

0.34 (1.31%)

NLY

Annaly Capital

$9.11

0.035 (0.39%)

C

Citi

$73.85

-0.06 (-0.08%)

CZR

Caesars

$12.86

0.09 (0.70%)

VICI

VICI Properties

$24.58

0.24 (0.99%)

MS

Morgan Stanley

$48.61

0.22 (0.45%)

ADM

Archer Daniels

$42.78

-0.04 (-0.09%)

LBRDK

Liberty Broadband

$119.07

0.36 (0.30%)

GOOGL

Alphabet Class A

$1,309.61

13.61 (1.05%)

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

See Street Research during your Free Trial

  • 14

    Nov

  • 14

    Nov

  • 14

    Nov

  • 15

    Nov

  • 19

    Nov

  • 20

    Nov

  • 21

    Nov

  • 02

    Dec

  • 04

    Dec

  • 06

    Dec

  • 07

    Dec

  • 09

    Dec

  • 14

    Jan

  • 25

    Mar

  • 04

    Apr

RH

RH

$175.19

1.98 (1.14%)

, OXY

Occidental Petroleum

$37.76

-0.36 (-0.94%)

16:40
11/14/19
11/14
16:40
11/14/19
16:40
Hot Stocks
Breaking Hot Stocks news story on RH, Occidental Petroleum »

Buffett's Berkshire…

RH

RH

$175.19

1.98 (1.14%)

OXY

Occidental Petroleum

$37.76

-0.36 (-0.94%)

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

See Street Research during your Free Trial

16:39
11/14/19
11/14
16:39
11/14/19
16:39
General news
Fed Balance Sheet Level data reported »

Week of 11/13 Fed Balance…

QGEN

Qiagen

$37.31

1.785 (5.03%)

16:38
11/14/19
11/14
16:38
11/14/19
16:38
Initiation
Qiagen initiated  »

Qiagen initiated with a…

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

See Street Research during your Free Trial

  • 07

    Dec

ILMN

Illumina

$298.43

0.32 (0.11%)

16:36
11/14/19
11/14
16:36
11/14/19
16:36
Initiation
Illumina initiated  »

Illumina initiated with a…

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

See Street Research during your Free Trial

REDU

Rise Education

$7.42

-0.24 (-3.13%)

16:35
11/14/19
11/14
16:35
11/14/19
16:35
Earnings
Rise Education reports Q3 Net income RMB 39.6M, up 22.4% from last year »

Reports Q3 revenue…

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

See Street Research during your Free Trial

  • 14

    Nov

16:35
11/14/19
11/14
16:35
11/14/19
16:35
General news
Money Supply M2 Weekly Change data reported »

Week of 11/4 Money Supply…

RGEN

Repligen

$81.70

-1.45 (-1.74%)

16:34
11/14/19
11/14
16:34
11/14/19
16:34
Initiation
Repligen initiated  »

Repligen initiated with a…

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

See Street Research during your Free Trial

KLIC

Kulicke & Soffa

$25.18

-0.22 (-0.87%)

16:33
11/14/19
11/14
16:33
11/14/19
16:33
Earnings
Kulicke & Soffa sees Q1 revenue $130M-$150M, consensus $141.04M »

Looking forward, Dr.…

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

See Street Research during your Free Trial

  • 14

    Nov

  • 09

    Dec

TECH

Bio-Techne

$203.87

-1.02 (-0.50%)

16:33
11/14/19
11/14
16:33
11/14/19
16:33
Initiation
Bio-Techne initiated  »

Bio-Techne initiated with…

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

See Street Research during your Free Trial

  • 07

    Dec

KLIC

Kulicke & Soffa

$25.18

-0.22 (-0.87%)

16:32
11/14/19
11/14
16:32
11/14/19
16:32
Earnings
Kulicke & Soffa reports Q4 adjusted EPS 14c, consensus 11c »

Reports Q4 revenue…

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

See Street Research during your Free Trial

  • 14

    Nov

  • 09

    Dec

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.