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WBC

Wabco

$108.11

-3.51 (-3.14%)

06:31
12/10/18
12/10
06:31
12/10/18
06:31

Wabco announces new $600M share repurchase program

WABCO Holdings announced that on December 7, 2018 its board of directors authorized the company to commence a new two-year share repurchase program. The board's new authorization allows for the repurchase of up to $600M of common shares at the discretion of management from January 1, 2019 through December 31, 2020, subject to market conditions and applicable regulatory requirements. As previously disclosed, since June 2011, WABCO repurchased 20,998,402 shares for $1.8011B in open market transactions as of September 30, 2018 and expects to repurchase shares up to a total of $300M during 2018 under its previously authorized share buyback program, subject to market conditions and applicable regulatory requirements.

  • 13

    Dec

WBC Wabco
$108.11

-3.51 (-3.14%)

12/05/18
JPMS
12/05/18
NO CHANGE
JPMS
Class 8 truck orders dropped 15% in November, says JPMorgan
Preliminary Class 8 truck orders for November fell 15% year-over-year to 27,900 units according to ACT Research, JPMorgan analyst Ann Duignan tells investors in a research note. The analyst points out that November represents the first year-over-year monthly decline in 2018. The names she covers that have the largest exposure to Class 8 truck orders are Navistar (NAV), Paccar (PCAR), Cummins (CMI), Eaton (ETN), Wabco (WBC) and Allison Transmission (ALSN).
11/19/18
JPMS
11/19/18
NO CHANGE
JPMS
Class 8 truck retail sales up 29% in October, says JPMorgan
JPMorgan analyst Ann Duignan noted that ACT Research released final truck data for October, reporting that North American Class 8 retail sales of 30,676 units, up 29% year-over-year. Net orders of 43,300 units were up 20% and the cancellation rate increased to 20.1%, which may be a healthy sign if OEMs are challenging dealer orders for inventory, Duignan added. Class 8 truck order data may impact Navistar (NAV), Paccar (PCAR), Cummins (CMI), Eaton (ETN) and Allison Transmission (ALSN).
10/17/18
BOFA
10/17/18
DOWNGRADE
Target $95
BOFA
Underperform
Wabco downgraded to Underperform from Buy at BofA/Merrill
BofA/Merrill analyst Ross Gilardi downgraded Wabco two notches to Underperform from Buy and cut its price target to $95 from $130 citing peak cycle "fears" Gilardi said slowing growth concerns have already hit markets, but Class 8 truck order numbers haven't been weak yet and believes cancellations could start to pick up. He is forecasting a 6% decline in 2019 global truck orders, and a 10% decline in 2020. Wabco already lowered its outlook for Russia, Turkey, and China, Gilardi wrote in a note to investors, but fears Europe could be next and cut his estimates 6-8% below 2019-20 consensus.
10/05/18
WOLF
10/05/18
UPGRADE
WOLF
Outperform
Wabco upgraded to Outperform from Peer Perform at Wolfe Research

TODAY'S FREE FLY STORIES

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Japan exports slumped 9.2% y/y in October, »

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ESYJY

easyJet

$0.00

(0.00%)

20:35
11/19/19
11/19
20:35
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easyJet initiated at Goldman Sachs »

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MSEX

Middlesex Water

$62.07

1.5 (2.48%)

20:31
11/19/19
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20:31
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Syndicate
Middlesex Water 661K share Spot Secondary priced at $60.50 »

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  • 20

    Nov

DLAKY

Lufthansa

$0.00

(0.00%)

20:29
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11/19
20:29
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20:29
Initiation
Lufthansa initiated at Goldman Sachs »

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TGT

Target

$110.86

0.27 (0.24%)

, LOW

Lowe's

$113.41

-1.62 (-1.41%)

20:25
11/19/19
11/19
20:25
11/19/19
20:25
Earnings
Notable companies reporting before tomorrow's open »

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TGT

Target

$110.86

0.27 (0.24%)

LOW

Lowe's

$113.41

-1.62 (-1.41%)

NTES

NetEase

$288.77

-1.33 (-0.46%)

CPRT

Copart

$86.33

0.32 (0.37%)

LB

L Brands

$17.19

-0.67 (-3.75%)

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    Dec

ICAGY

IAG

$0.00

(0.00%)

20:23
11/19/19
11/19
20:23
11/19/19
20:23
Initiation
IAG initiated at Goldman Sachs »

IAG initiated with a Buy…

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RYAAY

Ryanair

$86.27

0.52 (0.61%)

20:20
11/19/19
11/19
20:20
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20:20
Initiation
Ryanair initiated at Goldman Sachs »

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LXFR

Luxfer

$17.57

0.16 (0.92%)

20:11
11/19/19
11/19
20:11
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20:11
Initiation
Luxfer initiated at B. Riley FBR »

Luxfer initiated with a…

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VAL

Valaris

$3.69

-0.515 (-12.26%)

20:09
11/19/19
11/19
20:09
11/19/19
20:09
Initiation
Valaris initiated at Deutsche Bank »

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RIG

Transocean

$4.66

-0.16 (-3.32%)

20:03
11/19/19
11/19
20:03
11/19/19
20:03
Initiation
Transocean initiated at Deutsche Bank »

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FTI

TechnipFMC

$19.29

-0.24 (-1.23%)

19:58
11/19/19
11/19
19:58
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Initiation
TechnipFMC initiated at Deutsche Bank »

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SLB

Schlumberger

$34.31

-0.36 (-1.04%)

19:53
11/19/19
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19:53
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Initiation
Schlumberger initiated at Deutsche Bank »

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PTEN

Patterson-UTI

$8.49

-0.095 (-1.11%)

19:45
11/19/19
11/19
19:45
11/19/19
19:45
Initiation
Patterson-UTI initiated at Deutsche Bank »

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SAFE

Safehold

$34.59

-1.33 (-3.70%)

19:38
11/19/19
11/19
19:38
11/19/19
19:38
Syndicate
Safehold 3M share Secondary priced at $34.00 »

The deal size was…

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  • 20

    Nov

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HP

Helmerich & Payne

$38.39

-0.45 (-1.16%)

19:36
11/19/19
11/19
19:36
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Initiation
Helmerich & Payne initiated at Deutsche Bank »

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HAL

Halliburton

$19.89

-0.26 (-1.29%)

19:31
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Initiation
Halliburton initiated at Deutsche Bank »

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  • 21

    Jan

BKR

Baker Hughes

$22.01

-0.155 (-0.70%)

19:24
11/19/19
11/19
19:24
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19:24
Initiation
Baker Hughes initiated at Deutsche Bank »

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PHAT

Phathom Pharmaceuticals

$24.79

-0.09 (-0.36%)

19:23
11/19/19
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Initiation
Phathom Pharmaceuticals initiated at Evercore ISI »

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SHW

Sherwin-Williams

$584.48

-1.13 (-0.19%)

19:20
11/19/19
11/19
19:20
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19:20
Downgrade
Sherwin-Williams rating change at Edward Jones »

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SPY

SPDR S&P 500 ETF Trust

$311.95

-0.06 (-0.02%)

, SPX

S&P 500

$0.00

(0.00%)

19:17
11/19/19
11/19
19:17
11/19/19
19:17
Periodicals
Commerce Sec Ross says China trade talks still work in progress, Bloomberg says »

U.S. Commerce Secretary…

SPY

SPDR S&P 500 ETF Trust

$311.95

-0.06 (-0.02%)

SPX

S&P 500

$0.00

(0.00%)

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BRY

Berry Petroleum

$8.90

-2.405 (-21.27%)

19:10
11/19/19
11/19
19:10
11/19/19
19:10
Downgrade
Berry Petroleum rating change at KeyBanc »

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NYMT

New York Mortgage

$6.25

0.015 (0.24%)

19:05
11/19/19
11/19
19:05
11/19/19
19:05
Syndicate
New York Mortgage 25M share Spot Secondary priced at $6.10 »

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  • 20

    Nov

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