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ARNC

Arconic

$17.69

-0.56 (-3.07%)

08:07
02/08/19
02/08
08:07
02/08/19
08:07

Arconic to explore potential sale of certain businesses

The Company commenced plans to reduce operating costs by approximately $200M on an annual run-rate basis. The program is designed to maximize the impact in 2019. Arconic also announced as part of its strategy and portfolio review that it will separate into Engineered Products & Forgings and Global Rolled Products, with a spin-off of one of the businesses. In addition, it will also explore the potential sale of businesses that do not best fit into Engineered Products & Forgings or Global Rolled Products.

  • 08

    Feb

ARNC Arconic
$17.69

-0.56 (-3.07%)

12/20/18
LBOW
12/20/18
UPGRADE
LBOW
Buy
Arconic upgraded to Buy from Neutral at Longbow
12/20/18
12/20/18
UPGRADE
Target $24

Buy
Longbow upgrades Arconic to Buy after positive aerospace supplier survey
As previously reported, Longbow analyst Chris Olin upgraded Arconic to Buy from Neutral, stating that his survey of contacts in the tier-3 and tier-4 aerospace channel reported an accelerating top-line growth environment. Some smaller aerospace forging competitors are now facing constrained production capacity, which he believes could protect Arconic's aerospace & defense market share, Olin added. He also believes take-out speculation "offers a solid trading floor in the mid-$17/share range," the analyst tells investors. He set a $24 price target on Arconic shares.
01/14/19
JPMS
01/14/19
DOWNGRADE
Target $22
JPMS
Neutral
Arconic downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Michael Gambardella downgraded Arconic (ARNC) to Neutral and lowered his price target for the shares to $22 from $24. The analyst cites valuation for the downgrade. The shares are gradually pricing in a buyout, which is appropriate, Gambardella tells investors in a research note. Bloomberg on January 2 reported that Apollo Global (APO) in talks to buy Arconic for $22 per share.
01/14/19
01/14/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Delta Air Lines (DAL) downgraded to Neutral from Buy at BofA/Merrill with analyst Andrew Didora saying his Flight Indicator data analysis suggests a "deceleration in domestic PRASM" in the first half of the year, coupled with other slowing demand indicators that include "weak ISM survey, declining CEO Confidence, airline pricing growth off highs, currency headwind, and government shutdown." 2. Illinois Tool Works (ITW) downgraded to Neutral from Buy at Citi with analyst Andrew Kaplowtiz saying the company's "overexposure" to "slowing" Europe is a risk. 3. Chevron (CVX) downgraded to Hold from Buy at HSBC with analyst Gordon Gray saying the scale of U.S. supply, and its responsiveness to any significant hike in price, will likely limit the price upside for crude. 4. Arconic (ARNC) downgraded to Neutral from Overweight at JPMorgan with analyst Michael Gambardella citing valuation. 5. XPO Logistics (XPO) downgraded to Sector Weight from Overweight at KeyBanc with analyst Todd Fowler citing his view that the big and bulky final mile market is increasingly competitive, along with ongoing uncertainty around European end markets. 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

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SKX

Skechers

$34.40

0.16 (0.47%)

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  • 18

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YMAB

Y-mAbs Therapeutics

$22.80

-0.19 (-0.83%)

11:03
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  • 16

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SABR

Sabre

$23.20

0.015 (0.06%)

11:02
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WFC

Wells Fargo

$46.00

-0.7 (-1.50%)

10:57
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Wells Fargo interim CEO says no development to report with DOJ, SEC probes »

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  • 16

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MOMO

Momo

$33.77

-0.62 (-1.80%)

10:55
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Momo put volume heavy and directionally bearish »

Bearish flow noted in…

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10:55
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ATRA

Atara Biotherapeutics

10:51
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10:51
Recommendations
Atara Biotherapeutics analyst commentary at Roth Capital »

Atara delayed timing of…

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VNO

Vornado

$65.42

-0.06 (-0.09%)

10:49
07/16/19
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Hot Stocks
Vornado sees 5c decrease in Q2 FFO due to certain items »

Vornado Realty Trust…

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  • 30

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CCJ

Cameco

$10.24

0.03 (0.29%)

10:45
07/16/19
07/16
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Options
Cameco call volume above normal and directionally bullish »

Bullish option flow…

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10:45
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General news
Breaking General news story  »

8-Week Bill Announcement…

10:45
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General news
Breaking General news story  »

4-Week Bill Announcement…

WFC

Wells Fargo

$46.25

-0.45 (-0.96%)

10:41
07/16/19
07/16
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10:41
Hot Stocks
Breaking Hot Stocks news story on Wells Fargo »

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  • 16

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SNE

Sony

$54.33

-1.44 (-2.58%)

10:35
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Options
Sony put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 30

    Jul

WFC

Wells Fargo

$46.55

-0.15 (-0.32%)

10:33
07/16/19
07/16
10:33
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10:33
Hot Stocks
Breaking Hot Stocks news story on Wells Fargo »

Wells Fargo CFO says 38…

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  • 16

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GCAP

Gain Capital

$4.54

0.51 (12.66%)

10:29
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Hot Stocks
Gain Capital up 50c, or 12%, to $4.53 in early trading »

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  • 25

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WFC

Wells Fargo

$46.88

0.18 (0.39%)

10:27
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Hot Stocks
Breaking Hot Stocks news story on Wells Fargo »

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  • 16

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WFC

Wells Fargo

$46.88

0.18 (0.39%)

10:26
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Hot Stocks
Wells Fargo sees FY19 NII down near 5% »

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  • 16

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KMX

CarMax

$84.47

-4.31 (-4.85%)

10:25
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Options
CarMax call volume above normal and directionally bullish »

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  • 24

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EGHT

8x8, Inc.

$25.38

-0.24 (-0.94%)

, FIVN

Five9

$50.13

2.13 (4.44%)

10:25
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Conference/Events
Stephens communications analysts to hold an analyst/industry conference call »

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EGHT

8x8, Inc.

$25.38

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FIVN

Five9

$50.13

2.13 (4.44%)

LOGM

LogMeln

$76.20

-0.37 (-0.48%)

RNG

RingCentral

$124.44

1.13 (0.92%)

WORK

Slack Technologies

$34.84

0.06 (0.17%)

TWLO

Twilio

$147.01

1.655 (1.14%)

VG

Vonage

$12.82

0.03 (0.23%)

ZM

Zoom Video

$98.50

-1.26 (-1.26%)

GOOG

Alphabet

$1,150.69

0.3 (0.03%)

MSFT

Microsoft

$138.20

-0.74 (-0.53%)

AMZN

Amazon.com

$2,019.00

-2 (-0.10%)

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  • 27

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    Nov

UBER

Uber

$44.49

-0.02 (-0.04%)

, LYFT

Lyft

$64.80

(0.00%)

10:22
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07/16
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Periodicals
Court says NYC can ban ads inside Uber, Lyft vehicles, Reuters reports »

Reversing a lower court…

UBER

Uber

$44.49

-0.02 (-0.04%)

LYFT

Lyft

$64.80

(0.00%)

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  • 07

    Aug

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    Aug

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FCAU

Fiat Chrysler

$13.61

-0.565 (-3.99%)

, WORK

Slack Technologies

$34.75

-0.03 (-0.09%)

10:20
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Initiation
Fly Intel: Top five analyst initiations »

Catch up on today's…

FCAU

Fiat Chrysler

$13.61

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WORK

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BTE

Baytex Energy

$1.47

0.03 (2.08%)

TOWN

TowneBank

$26.85

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VET

Vermilion Energy

$21.76

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