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EGL

Engility

$0.00

(0.00%)

, LMT

Lockheed Martin

$304.41

0.33 (0.11%)

17:15
02/13/19
02/13
17:15
02/13/19
17:15

Engility, Lockheed Martin awarded Navy contracts with $235.01M total ceiling

Engility (EGL) and Lockheed Martin (LMT) have each been awarded indefinite-delivery/indefinite-quantity contracts. The estimated aggregate ceiling for all contracts is $235.01M, with the companies having an opportunity to compete for individual orders. These contracts provide for Air Traffic Control and Landing Systems Operations Onboard Ship and Shore support services for the Naval Air Warfare Center Aircraft Division, or NAWCAD. Services to be provided include operational, technical, logistical and system engineering support for system certification; technical assistance; systems analysis and engineering; test and evaluation; installation and maintenance; hardware design, development, technical logistics support; configuration management; training support; equipment manufacturing; quality control; and project management of mobile air battle management systems and communication-electronic systems. Work will be performed in St. Inigoes, Maryland and at various contractor locations within the continental U.S. and is expected to be completed in February 2024. No funds are being obligated at time of award, funds will be obligated on individual orders as they are issued. These contracts were competitively procured via an electronic request for proposals, with seven offers received. The Naval Air Warfare Center is the contracting activity.

EGL

Engility

$0.00

(0.00%)

LMT

Lockheed Martin

$304.41

0.33 (0.11%)

  • 28

    May

EGL Engility
$0.00

(0.00%)

09/25/18
JEFF
09/25/18
DOWNGRADE
Target $190
JEFF
Hold
CACI downgraded to Hold from Buy at Jefferies
Jefferies analyst Sheila Kahyaoglu downgraded CACI (CACI) to Hold and lowered her price target for the shares to $190 from $222. While the company is on a path of accelerated growth, the recent rise in shares largely captures the upside, Kahyaoglu tells investors in a research note. Further, she believes CACI "would appear to be the odd man out" regarding industry consolidation following SAIC's (SAIC) acquisition of Engility (EGL). The analyst believes this could weigh on CACI's valuation and estimates. Kahyaoglu thinks a lot of near-term catalysts should keep the shares range-bound. The analyst coupled the downgrade with an upgrade of SAIC to Buy.
09/25/18
JEFF
09/25/18
UPGRADE
Target $97
JEFF
Buy
SAIC upgraded to Buy from Hold at Jefferies
Jefferies analyst Sheila Kahyaoglu upgraded SAIC (SAIC) to Buy and raised her price target for the shares to $97 from $88. Following meetings with management, the analyst is "incrementally more positive" and views the 10% pullback in shares since the Engility (EGL) deal announcement as a buying opportunity. The stock has sold off due to technicals and integration risk, but the close of the deal and attractive accretion should act as near-term catalysts, Kahyaoglu tells investors in a research note. She finds the deal financially attractive for SAIC.
09/11/18
VERT
09/11/18
DOWNGRADE
VERT
Hold
SAIC downgraded to Hold from Buy at Vertical Research
Vertical Research analyst Krishna Sinha downgraded SAIC (SAIC) to Hold with an $80 price target following news the company would acquire Engility (EGL) in a deal worth $2.5B. Sinha said both companies are low-single digit growers and expects some book-to-bill to be sacrificed, resulting in SAIC suffering on the topline "at a time when investors are clamoring for growth."
09/11/18
COWN
09/11/18
DOWNGRADE
COWN
Market Perform
Engility downgraded to Market Perform from Outperform at Cowen
Engility (EGL) is being acquired by SAIC (SAIC) in a stock deal valued at $2.5B.
LMT Lockheed Martin
$304.41

0.33 (0.11%)

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.
01/10/19
01/10/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Lockheed Martin (LMT) downgraded to Equal Weight from Overweight at Morgan Stanley. 2. JetBlue (JBLU) downgraded to Neutral from Overweight at JPMorgan with analyst Jamie Baker lowering his price target for the shares to $18 from $20. 3. Weatherford (WFT) downgraded to Market Perform from Outperform at BMO Capital with analyst Daniel Boyd saying the stock represents a "call-option on the oil cycle," but sees that option "suffering from time decay" and an adverse macro environment. 4. Yelp (YELP) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Brian Nowak saying he identified three building revenue headwinds that he believes will lead to negative revisions and underperformance of the stock. 5. Dollar Tree (DLTR) downgraded to Perform from Outperform at Oppenheimer with analyst Rupesh Parikh saying he now views shares as fully valued and sees the case for upside as less attractive. 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
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
SUSQ
01/10/19
INITIATION
Target $321
SUSQ
Positive
Lockheed Martin initiated with a Positive at Susquehanna
Susquehanna analyst Charles Minervino initiated Lockheed Martin with a Positive rating as he believes it should be a prime beneficiary of strong global defense spending. He expects its earnings growth will drive free cash flow generation in the coming years, providing opportunities for additional dividend increases, debt reduction, share repurchases and potential acquisitions. Minervino has a $321 price target on Lockheed Martin shares.

TODAY'S FREE FLY STORIES

TEX

Terex

$35.29

-0.3 (-0.84%)

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CZR

Caesars

$9.05

-0.37 (-3.93%)

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ERJ

Embraer

$20.85

0.17 (0.82%)

, BA

Boeing

$424.05

6.57 (1.57%)

18:11
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18:11
Periodicals
Brazilian judge suspends Embraer-Boeing deal talks, Reuters reports »

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ERJ

Embraer

$20.85

0.17 (0.82%)

BA

Boeing

$424.05

6.57 (1.57%)

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BXG

Bluegreen Vacations

$14.47

0.55 (3.95%)

18:02
02/22/19
02/22
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18:02
Earnings
Bluegreen Vacations reports Q4 EPS 27c, consensus 24c »

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SM

SM Energy

$16.88

-0.13 (-0.76%)

17:57
02/22/19
02/22
17:57
02/22/19
17:57
Recommendations
SM Energy analyst commentary at MUFG »

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AN

AutoNation

$37.22

-1.15 (-3.00%)

17:47
02/22/19
02/22
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17:47
Syndicate
Breaking Syndicate news story on AutoNation »

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  • 22

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    Feb

TSLA

Tesla

$294.60

3.42 (1.17%)

, NSANY

Nissan

$0.00

(0.00%)

17:42
02/22/19
02/22
17:42
02/22/19
17:42
Periodicals
Tesla's Model 3 was the highest-selling EV globally in 2018, Verge reports »

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TSLA

Tesla

$294.60

3.42 (1.17%)

NSANY

Nissan

$0.00

(0.00%)

03/08/13
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  • 25

    Feb

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    Mar

FSFG

First Savings Financial Group

$51.33

0.22 (0.43%)

17:31
02/22/19
02/22
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17:31
Hot Stocks
First Savings Financial raises quarterly dividend to 16c per share from 15c »

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MSFT

Microsoft

$110.97

1.5 (1.37%)

17:31
02/22/19
02/22
17:31
02/22/19
17:31
Periodicals
Employees demand Microsoft cancel $480M U.S. Army contract, Reuters says »

Several Microsoft workers…

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  • 25

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  • 18

    Mar

ENT

Global Eagle

$2.66

(0.00%)

17:23
02/22/19
02/22
17:23
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17:23
Hot Stocks
Global Eagle to cut workforce by roughly 15% »

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17:15
02/22/19
02/22
17:15
02/22/19
17:15
General news
Breaking General news story  »

New York Federal Reserve…

NOC

Northrop Grumman

$288.84

2.54 (0.89%)

17:13
02/22/19
02/22
17:13
02/22/19
17:13
Hot Stocks
Northrop Grumman exec Kalan sells 4,312 common shares »

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LYB

LyondellBasell

$89.14

0.63 (0.71%)

17:07
02/22/19
02/22
17:07
02/22/19
17:07
Syndicate
Breaking Syndicate news story on LyondellBasell »

LyondellBasell files…

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TCCO

Technical Comm Corp

$2.76

0.17 (6.56%)

17:06
02/22/19
02/22
17:06
02/22/19
17:06
Hot Stocks
Technical Comm Corp to submit plan to regain compliance with Nasdaq by March 4 »

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INFU

InfuSystem

$4.15

0.04 (0.97%)

17:01
02/22/19
02/22
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17:01
Hot Stocks
InfuSystem announces settlement of derivative lawsuit »

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KALU

Kaiser Aluminum

$108.22

-1.9 (-1.73%)

17:01
02/22/19
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17:01
Hot Stocks
Kaiser Aluminum names Neal West as new CFO »

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ALDR

Alder Biopharmaceuticals

$14.35

0.19 (1.34%)

17:00
02/22/19
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17:00
Hot Stocks
Alder Biopharmaceuticals submits eptinezumab BLA to FDA »

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  • 25

    Feb

RF

Regions Financial

$16.24

-0.01 (-0.06%)

16:59
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16:59
Syndicate
Breaking Syndicate news story on Regions Financial »

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  • 27

    Feb

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    Feb

HL

Hecla Mining

$2.59

-0.145 (-5.31%)

16:58
02/22/19
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16:58
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16:58
Syndicate
Breaking Syndicate news story on Hecla Mining »

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BMY

Bristol-Myers

$50.99

0.84 (1.68%)

, CELG

Celgene

$89.15

0.54 (0.61%)

16:52
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Bristol-Myers files proxy statement in connection with proposed Celgene merger »

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BMY

Bristol-Myers

$50.99

0.84 (1.68%)

CELG

Celgene

$89.15

0.54 (0.61%)

03/08/13
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    May

TEN

Tenneco

$36.29

0.76 (2.14%)

16:48
02/22/19
02/22
16:48
02/22/19
16:48
Earnings
Tenneco sees FY19 revenue growth up 4%-5%, consensus $4.65B »

The company expects 2019…

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  • 25

    Feb

TEN

Tenneco

$36.29

0.76 (2.14%)

16:46
02/22/19
02/22
16:46
02/22/19
16:46
Earnings
Tenneco reports preliminary Q4 revenue $4.3B, consensus $4.3B »

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  • 25

    Feb

XRX

Xerox

$31.50

0.16 (0.51%)

16:44
02/22/19
02/22
16:44
02/22/19
16:44
Conference/Events
Xerox management to meet with Loop Capital »

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  • 28

    Feb

TWTR

Twitter

$31.70

0.94 (3.06%)

16:38
02/22/19
02/22
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16:38
Hot Stocks
Twitter board member Evan Williams to step down at end of month »

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  • 25

    Feb

ALLY

Ally Financial

$26.95

-0.07 (-0.26%)

16:34
02/22/19
02/22
16:34
02/22/19
16:34
Hot Stocks
Ally Financial CEO sells over 97,000 common shares »

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