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VLKAY

Symbol is now VWAGY

$0.00

(0.00%)

, AUDVF

Audi AG

$0.00

(0.00%)

13:59
02/20/19
02/20
13:59
02/20/19
13:59

Audi plans to cut 10% of management positions, Reuters reports

Audi (AUDVF), Volkswagen's (VLKAY) premium auto brand, plans to cut about 10% of management positions in a cost cutting effort, Reuters' Ludwig Burger reports, citing comments made by Audi CEO Bram Schot to Handelsblatt. According to Schot, Audi will eliminate one layer of management, saying that "our cost base is too high." Schot sees about EUR15B, or $17B, in cost savings through 2022. Reference Link

VLKAY

Symbol is now VWAGY

$0.00

(0.00%)

AUDVF

Audi AG

$0.00

(0.00%)

VLKAY Symbol is now VWAGY
$0.00

(0.00%)

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.
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.
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.
02/20/19
BUCK
02/20/19
NO CHANGE
Target $48
BUCK
Buy
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.
AUDVF Audi AG
$0.00

(0.00%)

09/18/18
UBSW
09/18/18
NO CHANGE
UBSW
Sell
Audi e-tron underscores difficulty in catching up with Tesla, says UBS
After Audi (AUDVF) launched its e-tron SUV in San Francisco yesterday, UBS analyst Patrick Hummel said it is a "well-made car" but fails to set new benchmarks in the premium EV segment. The e-tron "underscores that catching up with Tesla is more difficult than expected by many," Hummel tells investors. Audi didn't provide much detail on profitability, but made it clear that more scale is required to be profitable, which plays into Tesla's hands and into the hands of the emerging local EV players in China, added Hummel. However, he believes a Sell rating on Tesla (TSLA) is still valid since he does not think the company will create enough Model 3 demand at the price point of over $50,000 that he believes would be needed to meet 2019 consensus expectations.
09/19/18
VERF
09/19/18
NO CHANGE
VERF
Sell
E-tron may not be 'Tesla killer,' but still a 'real risk,' says Vertical Group
After attending Audi's (AUDVF) launch event for its e-tron SUV, Vertical Group analyst Gordon Johnson said he sees Audi's foray in the EV space as "a real risk" to Tesla (TSLA) and other EV auto makers including Chevy (GM) and Ford (F). The Electrify America charging network, owned by a JV of Audi parent Volkswagen (VLKAY) and funded by "Dieselgate," positions Audi's fast-charging ambitions among the most robust, if not the most robust, in the U.S. currently, added Johnson. He does not see Audi's forthcoming e-tron as a "TSLA Killer," but does not "see it a stretch to think of it as a potential TSLA Model X killer," he concludes in his note to investors. Johnson keeps a Sell rating on Tesla shares.

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APEX

Apex Global Brands

$0.66

-0.105 (-13.82%)

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MACK

Merrimack

$5.36

-0.06 (-1.11%)

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OPTT

Ocean Power

$1.92

-0.13 (-6.34%)

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$4.46

-0.025 (-0.56%)

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ARMK

Aramark

$42.67

-0.08 (-0.19%)

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HD

Home Depot

$230.95

0.77 (0.33%)

09:11
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09:11
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09:11
Downgrade
Home Depot rating change  »

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CPST

Capstone Turbine

$0.52

-0.025 (-4.59%)

09:10
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Capstone Turbine distributor signs FPP long-term service contract in California »

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09:10
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General news
Treasury Action: yields have extended lower as trading picks up »

Treasury Action: yields…

EXPI

eXp World Holdings

$8.12

-0.51 (-5.91%)

09:09
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Hot Stocks
eXp World Holdings expands in Canada, opens in Newfoundland and Labrador »

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09:09
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Conference/Events
House Committee on the Budget »

The Committee holds a…

NAV

Navistar

$29.09

-0.08 (-0.27%)

09:08
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Navistar to present 2020-24 strategy at 'Navistar 4.0' Investor Day event »

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WSTG

Wayside Technology

$15.10

-0.15 (-0.98%)

09:07
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Turbonomic awarded IT-70 GSA contract through Lifeboat »

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MSFT

Microsoft

$138.53

1.13 (0.82%)

, OSTK

Overstock.com

$16.19

-1.41 (-8.01%)

09:06
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Fly Intel: Pre-market Movers »

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MSFT

Microsoft

$138.53

1.13 (0.82%)

OSTK

Overstock.com

$16.19

-1.41 (-8.01%)

BYND

Beyond Meat

$153.73

-6.64 (-4.14%)

DRI

Darden

$127.40

1.31 (1.04%)

X

U.S. Steel

$12.45

-0.51 (-3.94%)

PRVB

Provention Bio

$9.70

0.33 (3.52%)

ARES

Ares Management

$30.81

0.14 (0.46%)

03/08/13
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09:06
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Conference/Events
Senate Health, Ed, Labor & Pensions Committee to hold a hearing »

The Committee holds a…

NAV

Navistar

$29.09

-0.08 (-0.27%)

09:05
09/19/19
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09:05
Earnings
Navistar sees FY20 revenue $10B-$10.5B, consensus $10.6B »

Sees FY20 adjusted EBITDA…

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APVO

Aptevo Therapeutics

$0.67

0.0004 (0.06%)

09:05
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Aptevo Therapeutics inroduces new Adaptir antibody candidate APVO603 »

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09:05
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General news
The July Philly Fed drop to a still-firm 12.0 »

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OSTK

Overstock.com

$16.19

-1.41 (-8.01%)

09:03
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MNKD

MannKind

$1.33

-0.055 (-3.97%)

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  • 02

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NAV

Navistar

$29.09

-0.08 (-0.27%)

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AJG

Arthur J. Gallagher

$89.89

0.26 (0.29%)

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09:00
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General news
Fed's overnight repo was oversubscribed again »

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HOOK

Hookipa Pharma

$8.03

0.22 (2.82%)

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  • 27

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VBIV

VBI Vaccines

$0.67

-0.0482 (-6.68%)

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Syndicate
VBI Vaccines 70M share Secondary priced at 50c »

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  • 19

    Sep

CNC

Centene

$46.02

0.475 (1.04%)

, WCG

WellCare

$268.55

1.17 (0.44%)

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Centene, WellCare announce state insurance department approvals for merger »

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GIII

G-III Apparel

$24.78

0.03 (0.12%)

08:56
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Recommendations
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