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BA

Boeing

$372.10

-6.795 (-1.79%)

07:23
03/19/19
03/19
07:23
03/19/19
07:23

Boeing downgraded to Hold from Buy at Argus

Argus analyst John Eade downgraded Boeing to Hold from Buy.

  • 19

    Mar

BA Boeing
$372.10

-6.795 (-1.79%)

03/12/19
03/12/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Boeing (BA) downgraded to Hold from Buy at Edward Jones. 2. Monster Beverage (MNST) downgraded to Market Perform from Outperform at BMO Capital with analyst Amit Sharma saying Monster's current valuation, both absolute and relative to peers, "may be as good it gets." 3. Coca-Cola (KO) downgraded to Hold from Buy at HSBC with analyst Carlos Laboy saying in "trying to grow the pie," Coke is being required to drive revenues with low-margin brands that may take years to scale up. 4. HP Enterprise (HPE) downgraded to Sell from Neutral at UBS with analyst John Roy saying the company's on-premises hardware sales are being pressured by the growth in public cloud, while the "stock is expecting better." 5. F5 Networks (FFIV) downgraded to Neutral from Overweight at JPMorgan with analyst Samik Chatterjee saying the "expensive" acquisition of NGINX is "tough to digest" given the integration and execution risk. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/13/19
MSCO
03/13/19
NO CHANGE
MSCO
Morgan Stanley says 737 MAX grounding shouldn't hurt long-term fundamentals
Morgan Stanley analyst Rajeev Lalwani noted that most major countries and airlines that operate Boeing's (BA) 737 MAX, except for the U.S. and Canada, have placed restrictions around the plane and his expectation is for a grounding of the fleet globally. In that base case, he said there is likely to be disruption to Boeing's deliveries and order activity that ultimately create a buying opportunity over the coming quarters as he thinks the issue should not impact fundamentals in the long run. In regard to suppliers such as Spirit AeroSystems (SPR) and United Technologies (UTX), Lalwani believes disruption will be limited, contrary to market reactions. Among U.S. airlines who operate the 737 MAX, Lalwani said Southwest (LUV) screens as most exposed versus American Airlines (AAL) and United Continental (UAL). For aircraft lessors like Air Lease (AL) and AerCap (AER), a global grounding scenario has "mixed implications," added the analyst. Though he remains comfortable with his Overweight rating and $500 price target on Boeing shares, Lalwani thinks clarity on the path ahead for the 737 will be needed for shares to resume their upward trend.
03/13/19
LOOP
03/13/19
NO CHANGE
Target $78
LOOP
Hold
Hexcel may not benefit from aircraft order shift to Airbus, says Loop Capital
Loop Capital analyst Chris Kapsch kept his Hold rating and $78 price target on Hexcel (HXL) in the wake of the Boeing (BA) 737max crisis. The analyst states that the issue appears to be around the plane's software/avionics, with nothing problematic with the composite-intensive plane structure or its engines, but believes that the flight halt by global airlines creates an "adverse sentiment for the entire commercial aero supply chain". While Hexcel is also a supplier for Airbus' (EADSY) A320neo jet, the shift in demand for that aircraft may not balance out the Boeing headwinds in the near term since the production capacity for the A320 remains constrained, Kapsch tells investors.
03/14/19
JPMS
03/14/19
NO CHANGE
Target $450
JPMS
Overweight
Max grounding may cost Boeing 'multiple' of $115M per month, says JPMorgan
Weakness in Boeing shares might persist amid uncertainty about the path forward, especially in an increasingly politicized environment, JPMorgan analyst Seth Seifman tells investors in a research note. The analyst finds it it likely that Boeing will compensate operators for their grounded aircraft and notes "this can take many forms, including both near-term cash and future purchase economics." As a floor, if 737 Max rent is $300,000 per month and there are ~375 in service, the monthly impact would be $115M, Seifman calculates. He points out, however, that airlines will likely seek compensation for the cost of alternative lift, other operating costs, and lost profits, so the final number "could be a multiple of this amount." Further, with the Max planes on the ground, Boeing will likely stop delivering them to airlines that cannot fly them, says the analyst. This should be temporary but not insignificant, he contends, given his estimate that the 737 Max will provide $6B of operating cash flow before working capital this year. However, Seifman adds that Boeing "generates far more cash than any industrial company in the world and this financial strength should be useful." The analyst keeps an Overweight rating on Boeing with a $450 price target. The stock closed yesterday up $1.73 to $377.14.

TODAY'S FREE FLY STORIES

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VRRM

Verra Mobility

$13.89

-0.14 (-1.00%)

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TIGR

UP Fintech

$3.90

-0.16 (-3.94%)

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MERC

Mercer

$11.20

0.03 (0.27%)

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AYX

Alteryx

$104.75

-7.58 (-6.75%)

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  • 31

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CPS

Cooper-Standard

$33.60

-2.77 (-7.62%)

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AVD

American Vanguard

$13.50

-1.76 (-11.53%)

10:00
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  • 05

    Nov

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OMI

Owens & Minor

$6.85

0.42 (6.53%)

10:00
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Hot Stocks
Owens & Minor rises 6.2% »

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TEVA

Teva

$7.41

0.45 (6.47%)

10:00
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10/16
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Hot Stocks
Teva rises 6.3% »

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  • 07

    Nov

MS

Morgan Stanley

$42.85

0.31 (0.73%)

10:00
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10/16
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10:00
Options
Size opening call buy in Morgan Stanley ahead of earnings »

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  • 16

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DFIN

Donnelley Financial Solutions

$11.25

0.71 (6.74%)

10:00
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Donnelley Financial Solutions rises 6.7% »

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MCK

McKesson

$145.74

7.57 (5.48%)

, ABC

AmerisourceBergen

$86.20

3.02 (3.63%)

09:55
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Options
Early notable gainers among liquid option names on October 16th »

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MCK

McKesson

$145.74

7.57 (5.48%)

ABC

AmerisourceBergen

$86.20

3.02 (3.63%)

CAH

Cardinal Health

$49.72

1.79 (3.73%)

DO

Diamond Offshore

$5.62

0.13 (2.37%)

EQT

EQT Corporation

$9.89

0.25 (2.59%)

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  • 16

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GOOG

Alphabet

$1,247.70

4.17 (0.34%)

09:55
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10/16
09:55
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Conference/Events
House Energy & Commerce Committee to hold a hearing »

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  • 16

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  • 29

    Oct

09:55
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09:55
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Conference/Events
House Transportation & Intrastructure Committee to hold a hearing »

The Subcommittee on…

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09:55
Conference/Events
House Financial Services Committee to hold a hearing »

The Committee holds a…

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Conference/Events
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HTHT

Huazhu Group

$33.91

-0.15 (-0.44%)

09:54
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Downgrade
Huazhu Group rating change  »

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FLS

Flowserve

$45.77

-0.07 (-0.15%)

09:52
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Periodicals
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  • 31

    Oct

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General news
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ABT

Abbott

$80.99

-1.07 (-1.30%)

09:49
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  • 16

    Oct

MCK

McKesson

$144.00

5.83 (4.22%)

09:47
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  • 16

    Oct

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DFIN

Donnelley Financial Solutions

$11.05

0.51 (4.84%)

09:47
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USB

U.S. Bancorp

$54.43

0.7 (1.30%)

09:47
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  • 16

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MFGP

Micro Focus

$14.53

0.64 (4.61%)

09:47
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