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NAV

Navistar

$36.77

0.24 (0.66%)

, PCAR

Paccar

$68.19

-0.02 (-0.03%)

09:51
02/20/19
02/20
09:51
02/20/19
09:51

Navistar checks 'noticeably more upbeat' than Paccar's, says Buckingham

Buckingham analyst Neil Frohnapple says his recently completed quarterly Navistar (NAV) dealer survey came in "noticeably more upbeat" than his recent conversations with Paccar (PCAR) dealers. Expectation for further Class 8 market share gains in 2019 along with bullishness for the new Class 4-5 vehicle are two factors contributing to a relatively more positive outlook on Navistar, Frohnapple tells investors in a research note. The analyst, who does not suggest Navistar will raise guidance when it reports this quarter as it remains early in the fiscal year, thinks there is a "high probability" of upside to the consensus EBITDA estimate of $876M based on stronger than expected market share gains, incremental synergies from the Traton alliance, and potential tailwinds in the second half of 2019 from lower raw material costs. Further, Frohnapple still sees a "high probability" that Navistar will be purchased this year as he thinks the Traton alliance will lead to a complete takeover by Volkswagen (VLKAY). The analyst says Navistar's risk/reward profile is still attractive despite the stock's 41% year-to-date rally. He keeps a Buy rating on the name with a $48 price target. Navistar in early trading is up 74c to $37.28.

NAV

Navistar

$36.77

0.24 (0.66%)

PCAR

Paccar

$68.19

-0.02 (-0.03%)

VLKAY

Symbol is now VWAGY

$0.00

(0.00%)

NAV Navistar
$36.77

0.24 (0.66%)

01/14/19
PIPR
01/14/19
NO CHANGE
PIPR
Piper names Paccar, Meritor highest conviction truck ideas
Downside risk is limited for Paccar (PCAR) and Meritor (MTOR), even if a recession is coming in 2020, Piper Jaffray analyst Alexander Potter tells investors in a research note. After examining "the degree to which truck stock valuations have fallen far enough to reflect a worst-case (recessionary) scenario," the analyst names Paccar and Meritor his highest conviction truck ideas. He believes that if expectations for a recession continue rising, stocks like Allison Transmission (ALSN) and Navistar (NAV) "would probably fare less well." These stocks would need to fall by 39% and 44%, respectively, before they fully reflected a recessionary outlook, says Potter.
12/24/18
BMOC
12/24/18
NO CHANGE
Target $35
BMOC
Market Perform
Navistar may struggle with multiple expansion on peaking cycle, says BMO Capital
BMO Capital analyst Joel Tiss lowered his price target on Navistar to $35 from $40 and kept his Market Perform rating, saying that while the company is achieving higher profitability through improvement in product line-up, investors should be patient. The analyst notes that a "significant multiple expansion" for the stock would be difficult amid a peaking North American Class 8 cycle, warning that the timing, duration, and depth of the downturn are difficult to forecast. Tiss is also raising his FY19 EPS view to $3.55 from $3.25 but lowers his FY20 view to $2.75 from $3.40.
01/24/19
OTRG
01/24/19
DOWNGRADE
OTRG
Mixed
Navistar downgraded to Mixed from Positive at OTR Global
OTR Global downgraded Navistar to Mixed from Positive following checks with industry sources that indicate a slowing freight demand and order cancellations in Western Europe. Further, the firm's analyst said oversupply is causing weakness in European used truck prices, which are down 1%-4% quarter-over-quarter.
02/06/19
JPMS
02/06/19
NO CHANGE
JPMS
January Class 8 truck orders down 68% year-over-year, says JPMorgan
According to ACT Research, Class 8 net orders in January were 15,800 units, down 68% year-over-year and down 26% month-over-month, JPMorgan analyst Ann Duignan tells investors in a research note. Class 5-7 January net orders were 23,400 units, down 24% year-over-year but up 3% month-over-month. The analyst believes U.S. macro indicators for truck demand are mixed. She points out that truck orders have the largest incremental impact on Navistar (NAV), Paccar (PCAR), Cummins (CMI), Eaton (ETN), Wabco (WBC) and Allison Transmission (ALSN).
PCAR Paccar
$68.19

-0.02 (-0.03%)

02/05/19
PIPR
02/05/19
NO CHANGE
Target $75
PIPR
Overweight
Paccar price target raised to $75 from $67 at Piper Jaffray
Piper Jaffray analyst Alexander Potter raised his price target for Paccar to $75 and keeps an Overweight rating on the shares following meetings with management. The analyst no longer thinks the valuation implies a recessionary outlook, but even so, he still thinks Paccar "is a bargain." With a record backlog and high revenue visibility, a recent decline in truck orders shouldn't lead to a precipitous drop in earnings, Potter tells investors in a research note. As such, he believes Paccar multiple's "recent cyclical extremism seems overdone."
02/07/19
BARD
02/07/19
UPGRADE
BARD
Outperform
Paccar upgraded to Outperform from Neutral at Baird
02/07/19
BARD
02/07/19
UPGRADE
Target $80
BARD
Outperform
Baird upgrades Paccar to Outperform, sees better odds of truck cycle bottoming
As reported previously, Baird analyst David Leiker upgraded Paccar to Outperform from Neutral. The analyst said significant declines in truck orders increases the likelihood of the trucking cycle bottoming and the order decline has historically been a catalyst for the stocks. Leiker raised his price target to $80 from $62 on Paccar shares.
VLKAY Symbol is now VWAGY
$0.00

(0.00%)

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.
01/15/19
GSCO
01/15/19
NO CHANGE
Target $12
GSCO
Buy
Ford, Volkswagen alliance could result in meaningful savings, says Goldman Sachs
Goldman Sachs analyst David Tamberrino notes that Ford (F) and Volkswagen (VLKAY) have announced their intention to make a formal announcement regarding potential joint plans at the Detroit Auto Show. He believes the expectation is for a deep alliance between the two with respect to passenger cars, developing electric vehicles, as well as investing in Autonomous Vehicle development, among other areas requiring stepped up auto investment or a dramatic change. Ultimately, Tamberrino thinks this could be additive to Ford's outlined restructuring plans and generate shared costs across the alliance, potentially improving near-term and longer-term results. Looking at historical automotive alliances and cost savings realized, there is potential for a range of $1.5B-$4.5B of expense savings that could accrue to Ford, he contends. The analyst reiterates a Buy rating and $12 price target on Ford's shares.
01/15/19
MSCO
01/15/19
NO CHANGE
Target $10
MSCO
Equal Weight
Morgan Stanley says 'wouldn't get too excited' about Ford alliance with VW
Morgan Stanley analyst Adam Jonas said he "wouldn't get too excited" about Ford's (F) alliance with Volkswagen (VLKAY) as he believes Ford must tackle its fundamental and business model challenges mainly on its own. "Over 100%" of Ford's equity valuation is driven by the F-Series, which is largely independent from anything VW could offer, said Jonas, who keeps an Equal Weight rating and $10 price target on Ford shares.
12/04/18
JEFF
12/04/18
NO CHANGE
Target $53
JEFF
Buy
Navistar defense unit sale removes takeover hurdle, says Jefferies
Jefferies analyst Stephen Volkmann believes the sale of Navistar International's (NAV) defense business to Cerberus "clears a potential hurdle" for the truck business to be sold to foreign entity Traton. The analyst says he's long noted his expectation that Navistar will ultimately be sold to Traton, the Volkswagen (VLKAY) Truck & Bus businesses that is on track for initial public offering in Q1 of 2019. Given that foreign acquisitions of U.S. defense businesses are "inherently problematic," Volkmann views yesterday's unit sale as "removing an important potential hurdle." He keeps a Buy rating on Navistar with a $53 price target.

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UPS

UPS

$120.71

1.61 (1.35%)

21:22
09/20/19
09/20
21:22
09/20/19
21:22
Conference/Events
UPS management to meet with UBS »

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    Sep

DIS

Disney

$132.18

-1.14 (-0.86%)

, T

AT&T

$37.92

0.78 (2.10%)

18:17
09/20/19
09/20
18:17
09/20/19
18:17
Periodicals
Disney reaches TV carriage agreement with AT&T, Bloomberg says »

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Disney

$132.18

-1.14 (-0.86%)

T

AT&T

$37.92

0.78 (2.10%)

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BA

Boeing

$379.33

-5.28 (-1.37%)

18:15
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Periodicals
Icelandair reaches deal for Boeing to cover costs associated with 737, WSJ says »

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  • 02

    Oct

MCF

Contango Oil & Gas

$1.71

-0.07 (-3.93%)

17:58
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09/20
17:58
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Hot Stocks
Karlin Asset Management reports 11.4% passive stake in Contango Oil & Gas »

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GLD

SPDR Gold Shares

$142.97

1.68 (1.19%)

17:41
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09/20
17:41
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17:41
Hot Stocks
SPDR Gold Shares holdings rise to 894.15MT from 883.60MT »

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VXRT

Vaxart

$0.58

-0.0307 (-5.03%)

17:37
09/20/19
09/20
17:37
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17:37
Syndicate
Vaxart files to sell 15.6M shares of common stock »

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AAPL

Apple

$217.69

-3.22 (-1.46%)

17:34
09/20/19
09/20
17:34
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17:34
Periodicals
Apple given tariff exclusion on certain Mac Pro parts, Bloomberg says »

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IIVI

II-VI

$39.05

-0.5 (-1.26%)

, CPE

Callon Petroleum

$4.53

-0.015 (-0.33%)

17:31
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17:31
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17:31
Hot Stocks
II-VI to enter S&P 400; Callon Petroleum, PriceSmart to enter S&P SmallCap600 »

S&P SmallCap 600…

IIVI

II-VI

$39.05

-0.5 (-1.26%)

CPE

Callon Petroleum

$4.53

-0.015 (-0.33%)

PSMT

PriceSmart

$60.29

-0.39 (-0.64%)

FNSR

Finisar

$24.31

1.25 (5.42%)

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  • 23

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NVR

NVR

$3,632.55

-30.45 (-0.83%)

, JEF

Jefferies Financial Group

$19.47

-0.19 (-0.97%)

17:26
09/20/19
09/20
17:26
09/20/19
17:26
Hot Stocks
NVR to replace Jefferies Financial Group in the S&P 500 at open on September 26 »

NVR (NVR) will replace…

NVR

NVR

$3,632.55

-30.45 (-0.83%)

JEF

Jefferies Financial Group

$19.47

-0.19 (-0.97%)

SPB

Spectrum Brands

$49.66

-1.395 (-2.73%)

03/08/13
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  • 16

    Oct

NOC

Northrop Grumman

$368.25

-7.45 (-1.98%)

17:24
09/20/19
09/20
17:24
09/20/19
17:24
Hot Stocks
Northrop Grumman subsidiary awarded $1.12B Missile Defense Agency contract »

Orbital Sciences, or OSC,…

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PSMT

PriceSmart

$60.29

-0.39 (-0.64%)

, FNSR

Finisar

$24.31

1.25 (5.42%)

17:23
09/20/19
09/20
17:23
09/20/19
17:23
Hot Stocks
Breaking Hot Stocks news story on PriceSmart, Finisar »

PriceSmart to replace…

PSMT

PriceSmart

$60.29

-0.39 (-0.64%)

FNSR

Finisar

$24.31

1.25 (5.42%)

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  • 30

    Oct

IIVI

II-VI

$39.05

-0.5 (-1.26%)

, CPE

Callon Petroleum

$4.53

-0.015 (-0.33%)

17:22
09/20/19
09/20
17:22
09/20/19
17:22
Hot Stocks
Breaking Hot Stocks news story on II-VI, Callon Petroleum »

II-VI to replace Callon…

IIVI

II-VI

$39.05

-0.5 (-1.26%)

CPE

Callon Petroleum

$4.53

-0.015 (-0.33%)

03/08/13
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  • 23

    Sep

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  • 02

    Oct

NVR

NVR

$3,632.55

-30.45 (-0.83%)

17:20
09/20/19
09/20
17:20
09/20/19
17:20
Hot Stocks
Breaking Hot Stocks news story on NVR »

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NHYDY

Norsk Hydro

$0.00

(0.00%)

17:12
09/20/19
09/20
17:12
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17:12
Hot Stocks
Norsk Hydro discloses federal court in Brazil lifts embargo on Alunortes »

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RESN

Resonant

$3.05

0.02 (0.66%)

17:03
09/20/19
09/20
17:03
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17:03
Conference/Events
Resonant participates in a conference call with Loop Capital »

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  • 01

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NINE

Nine Energy Services

$6.73

-0.33 (-4.67%)

17:02
09/20/19
09/20
17:02
09/20/19
17:02
Syndicate
Breaking Syndicate news story on Nine Energy Services »

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ATOM

Atomera

$3.70

0.17 (4.82%)

17:00
09/20/19
09/20
17:00
09/20/19
17:00
Conference/Events
Atomera participates in a conference call with Loop Capital »

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MPWR

Monolithic Power

$154.21

-2 (-1.28%)

16:50
09/20/19
09/20
16:50
09/20/19
16:50
Conference/Events
Monolithic Power participates in a conference call with Loop Capital »

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  • 02

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AAPL

Apple

$217.69

-3.22 (-1.46%)

16:45
09/20/19
09/20
16:45
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16:45
Periodicals
Breaking Periodicals news story on Apple »

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IDA

IDACORP

$111.26

0.93 (0.84%)

16:36
09/20/19
09/20
16:36
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16:36
Hot Stocks
IDACORP raises quarterly dividend to 67c from 63c per share »

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  • 10

    Nov

MO

Altria Group

$40.80

0.69 (1.72%)

16:33
09/20/19
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16:33
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Altria Group recommends rejection of amended mini-tender by TRC »

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EADSY

Airbus

$0.00

(0.00%)

, AL

Air Lease

$42.68

-0.615 (-1.42%)

16:32
09/20/19
09/20
16:32
09/20/19
16:32
Hot Stocks
Air Lease announces delivery of new A321-200neo to Air Astana »

Air Lease Corporation…

EADSY

Airbus

$0.00

(0.00%)

AL

Air Lease

$42.68

-0.615 (-1.42%)

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  • 13

    Nov

16:30
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16:30
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16:30
Options
Preliminary option volume of 23.5M today »

Preliminary option volume…

PSX

Phillips 66

$103.26

0.14 (0.14%)

16:28
09/20/19
09/20
16:28
09/20/19
16:28
Periodicals
Phillips 66 says Beaumont oil terminal ops still shut down, Reuters says »

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  • 25

    Oct

POST

Post Holdings

$105.73

0.335 (0.32%)

16:24
09/20/19
09/20
16:24
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16:24
Hot Stocks
Post files IPO for active nutrition unit BellRing Brands »

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