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BA

Boeing

$352.80

0.27 (0.08%)

18:21
01/11/19
01/11
18:21
01/11/19
18:21

U.S. investigating Boeing satellite deal backed by China, WSJ says

The SEC and the Commerce Department are probing Boeing's relationship with a satellite startup backed by a Chinese government-owned firm, the Wall Street Journal reports. In a letter to L.A.-based startup Global IP, the SEC asked that the company retain all information about its work with Boeing and a number of other individuals and entities, including China Orient Asset Management Company, the report says. The letter said that the commission believes that Global IP holds "documents and data that are relevant to a matter under investigation" and requested that it keep documents about Boeing's deal with the Chinese-backed entity, the report says. The court filing was part of litigation against a unit of the Chinese firm that corporate records show gave financing for a satellite that Global IP was acquiring from Boeing, the report says. Under U.S. export rules, U.S. companies are effectively prohibited from selling satellites to China, the report notes. Reference Link

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    May

BA Boeing
$352.80

0.27 (0.08%)

01/10/19
SUSQ
01/10/19
INITIATION
Target $388
SUSQ
Positive
Susquehanna says plane market remains strong, initiates Boeing at Positive
Susquehanna analyst Charles Minervino initiated Boeing with a Positive rating as he believes the commercial airplane market is still in an order upcycle. The analyst said customers need to replace aging fleets while catering to growing travel demand and the recent pullback in the stock makes the shares attractive. Minervino had a $388 price target on Boeing shares.
01/10/19
01/10/19
NO CHANGE

Morgan Stanley upgrades Boeing, downgrades Lockheed in A&D ratings shake-up
As previously reported, Morgan Stanley analyst Rajeev Lalwani upgraded Boeing (BA) to Overweight from Equal Weight and downgraded Lockheed Martin (LMT) to Equal Weight from Overweight as he adjusted his picks within Aerospace & Defense to focus more on those with visibility to free cash flow growth. Boeing shares are down about 15% from their highs, creating a favorable set-up, and the resilience of the EPS and free cash profile should remain in place within Commercial Aerospace, barring a downturn, Lalwani tells investors. He raised his price target on Boeing shares to $450 from $400. With the F-35 plateauing and pension tailwinds receding, Lalwani sees emerging headwinds on earnings and cash flow post 2020 for Lockheed, he said in explaining his downgrade of the stock. He lowered his price target on Lockheed shares to $300 from $366.
01/10/19
01/10/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Constellation Brands (STZ) upgraded to Buy from Neutral at Goldman Sachs and to Neutral from Sell at Guggenheim. 2. Boeing (BA) upgraded to Overweight from Equal Weight at Morgan Stanley. 3. Lockheed Martin (LMT) upgraded to Buy from Hold at Vertical Group. 4. United Continental (UAL) upgraded to Overweight from Neutral at JPMorgan while Alaska Air (ALK) was upgraded to Neutral from Underweight. 5. Twitter (TWTR) double upgraded to Buy from Underperform at BofA/Merrill with analyst Justin Post citing a survey he conducted which showed Twitter penetration increased to 48% of respondents and the percentage of users reporting deceased usage fell slightly. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/10/19
01/10/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Ship Finance (SFL) initiated with a Neutral at B. Riley FBR. 2. Wipro (WIT) initiated with a Hold at Deutsche Bank. 3. Boeing (BA), Lockheed Martin (LMT), and Raytheon (RTN) were initiated with a Positive at Susquehanna while Northrop Grumman (NOC) and General Dynamics (GD) were initiated with a Neutral. 4. Dollar General (DG) initiated with an Outperform at BMO Capital while Dollar Tree (DLTR) was initiated with a Market Perform. 5. Verint (VRNT) initiated with a Buy at Jefferies. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

GWW

Grainger

$297.12

-3.29 (-1.10%)

08:03
01/24/19
01/24
08:03
01/24/19
08:03
Earnings
Grainger sees FY19 EPS $17.10-$18.70, consensus $18.07 »

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UNP

Union Pacific

$154.20

-0.8 (-0.52%)

08:02
01/24/19
01/24
08:02
01/24/19
08:02
Hot Stocks
Union Pacific CEO sees FY19 operating margins improving »

"We are optimistic…

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GWW

Grainger

$297.12

-3.29 (-1.10%)

08:01
01/24/19
01/24
08:01
01/24/19
08:01
Earnings
Grainger reports Q4 adjusted EPS $3.96, consensus $3.59 »

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UNP

Union Pacific

$154.20

-0.8 (-0.52%)

08:00
01/24/19
01/24
08:00
01/24/19
08:00
Earnings
Union Pacific reports Q4 EPS $2.12, consensus $2.06 »

Reports Q4 revenue $5.8B,…

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  • 24

    Jan

ZEN

Zendesk

$64.38

0.43 (0.67%)

08:00
01/24/19
01/24
08:00
01/24/19
08:00
Initiation
Zendesk initiated  »

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QCOM

Qualcomm

$51.73

-2.58 (-4.75%)

08:00
01/24/19
01/24
08:00
01/24/19
08:00
Options
Qualcomm put buyer realizes 153% same-day gains »

Notable profits for the…

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  • 30

    Jan

AAPL

Apple

$153.91

0.61 (0.40%)

07:59
01/24/19
01/24
07:59
01/24/19
07:59
Recommendations
Apple analyst commentary  »

Apple consensus estimates…

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  • 29

    Jan

INCY

Incyte

$75.20

-2.11 (-2.73%)

07:59
01/24/19
01/24
07:59
01/24/19
07:59
Upgrade
Incyte rating change  »

Incyte upgraded to Buy…

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  • 24

    Feb

PGR

Progressive

$65.00

1.82 (2.88%)

07:59
01/24/19
01/24
07:59
01/24/19
07:59
Hot Stocks
Progressive expects to hire over 10,000 people in 2019 »

Progressive expects to…

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LPSN

LivePerson

$21.38

0.7 (3.38%)

07:57
01/24/19
01/24
07:57
01/24/19
07:57
Upgrade
LivePerson rating change  »

LivePerson upgraded to…

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CTXS

Citrix

$108.64

0.4 (0.37%)

07:57
01/24/19
01/24
07:57
01/24/19
07:57
Recommendations
Citrix analyst commentary  »

Citrix…

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WAT

Waters

$229.46

25.94 (12.75%)

07:56
01/24/19
01/24
07:56
01/24/19
07:56
Downgrade
Waters rating change  »

Baird downgrades Waters…

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SNAP

Snap

$5.98

0.06 (1.01%)

07:55
01/24/19
01/24
07:55
01/24/19
07:55
Recommendations
Snap analyst commentary  »

Snap price target lowered…

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07:55
01/24/19
01/24
07:55
01/24/19
07:55
General news
Oil Action: NYMEX crude »

Oil Action: NYMEX crude…

SYF

Synchrony

$29.40

2.85 (10.73%)

, WMT

Walmart

$98.72

1.25 (1.28%)

07:54
01/24/19
01/24
07:54
01/24/19
07:54
Upgrade
Synchrony, Walmart rating change  »

Synchrony upgraded to…

SYF

Synchrony

$29.40

2.85 (10.73%)

WMT

Walmart

$98.72

1.25 (1.28%)

03/08/13
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XLNX

Xilinx

$89.55

-0.89 (-0.98%)

07:54
01/24/19
01/24
07:54
01/24/19
07:54
Recommendations
Xilinx analyst commentary  »

Xilinx price target…

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  • 25

    Feb

MEGEF

MEG Energy

07:53
01/24/19
01/24
07:53
01/24/19
07:53
Upgrade
MEG Energy rating change  »

MEG Energy upgraded to…

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TXN

Texas Instruments

$95.49

-1.05 (-1.09%)

07:53
01/24/19
01/24
07:53
01/24/19
07:53
Recommendations
Texas Instruments analyst commentary  »

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  • 25

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CNQ

Canadian Natural

$25.67

-0.02 (-0.08%)

07:52
01/24/19
01/24
07:52
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07:52
Upgrade
Canadian Natural rating change  »

Canadian Natural upgraded…

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  • 10

    Feb

DLTH

Duluth Holdings

$20.41

0.425 (2.13%)

07:51
01/24/19
01/24
07:51
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07:51
Upgrade
Duluth Holdings rating change  »

Duluth Holdings upgraded…

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BID

Sotheby's

$41.07

-0.27 (-0.65%)

07:49
01/24/19
01/24
07:49
01/24/19
07:49
Downgrade
Sotheby's rating change  »

Cowen downgrades…

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VAR

Varian Medical

$126.83

1.57 (1.25%)

07:48
01/24/19
01/24
07:48
01/24/19
07:48
Recommendations
Varian Medical analyst commentary  »

Varian Medical price…

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ISCA

International Speedway

$44.15

-0.09 (-0.20%)

07:48
01/24/19
01/24
07:48
01/24/19
07:48
Earnings
International Speedway reports Q4 ex-items EPS 62c, two estimates 69c »

Reports Q4 revenue…

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  • 24

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07:47
01/24/19
01/24
07:47
01/24/19
07:47
Hot Stocks
ECB says to reinvest QE debt for 'extended period' after start of rate raising »

The European Central Bank…

WB

Weibo

$52.25

-0.25 (-0.48%)

07:46
01/24/19
01/24
07:46
01/24/19
07:46
Downgrade
Weibo rating change  »

Jefferies sees macro…

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