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BA

Boeing

$375.07

2.97 (0.80%)

15:05
03/19/19
03/19
15:05
03/19/19
15:05

DOT asks Inspector General to audit approval of Boeing 737, Bloomberg says

  • 19

    Mar

BA Boeing
$375.07

2.97 (0.80%)

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.
03/19/19
ARGS
03/19/19
DOWNGRADE
ARGS
Hold
Boeing downgraded to Hold from Buy at Argus
Argus analyst John Eade downgraded Boeing to Hold from Buy.
03/19/19
ARGS
03/19/19
DOWNGRADE
ARGS
Hold
Argus sees MAX investigation capping Boeing multiple, downgrades to Hold
As previously reported, Argus analyst John Eade downgraded Boeing to Hold from Buy, stating that he believes company management has not been particularly proactive in its response to two fatal crashes involving the 737 Max jet. He thinks the investigation is likely to cap multiples, and that earnings forecasts are likely to decline, as the probe plays out. While his dividend discount model points to a fair value above $460, Eade sees the shares as subject to downward pressure as the investigation continues, he tells investors.
03/19/19
03/19/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. ImmunoGen (IMGN) downgraded to Underweight from Neutral at JPMorgan with analyst Jessica Fye saying the failure of Forward I is a "meaningful setback" for the mirvetuximab development program. 2. Vertex (VRTX) downgraded to Market Perform from Outperform at SVB Leerink with analyst Geoffrey Porges citing the slower ramp of the company's cystic fibrosis products in Europe, the already high expectations priced into the stock and the limited near-term opportunities and catalysts from the company's pipeline. 3. iRobot (IRBT) downgraded to Hold from Buy at Needham with analyst James Ricchiuti stating the market appears to be pricing in expectations of "meaningful upside" to the company's 2019 guidance after the run-up in its stock price this year. 4. Yum! Brands (YUM) downgraded to Neutral from Overweight at JPMorgan with analyst John Ivankoe saying the 9% year-to-date run in shares leaves little upside to estimates. 5. Boeing (BA) downgraded to Hold from Buy at Argus with analyst John Eade stating that he believes company management has not been particularly proactive in its response to two fatal crashes involving the 737 Max jet. 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

BA

Boeing

$344.09

-25.04 (-6.78%)

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05:55
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    Oct

TC

TuanChe

$2.58

(0.00%)

, BABA

Alibaba

$169.18

-7.665 (-4.33%)

05:54
10/21/19
10/21
05:54
10/21/19
05:54
Hot Stocks
TuanChe announces strategic partnership with Tmall Auto »

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TC

TuanChe

$2.58

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BABA

Alibaba

$169.18

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ARPO

Aerpio Pharmaceuticals

$0.47

-0.0352 (-6.97%)

05:52
10/21/19
10/21
05:52
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05:52
Hot Stocks
Aerpio announces review of strategic alternatives, CEO, CFO step down »

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IBM

IBM

$134.10

-0.12 (-0.09%)

05:52
10/21/19
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  • 27

    Oct

TW

Tradeweb Markets

$41.50

-1.7 (-3.94%)

05:49
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  • 07

    Nov

SAP

SAP

$129.13

0.55 (0.43%)

05:49
10/21/19
10/21
05:49
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05:49
Earnings
SAP still expects to grow non-IFRS total revenue to over EUR 35B.6B by FY23 »

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    Oct

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    Nov

PTON

Peloton

$23.44

-0.41 (-1.72%)

05:47
10/21/19
10/21
05:47
10/21/19
05:47
Initiation
Peloton initiated  »

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BA

Boeing

$344.09

-25.04 (-6.78%)

05:46
10/21/19
10/21
05:46
10/21/19
05:46
Periodicals
Boeing survey showed workers felt pressure to approve systems, WSJ reports »

Lawmakers investigating…

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  • 23

    Oct

SAP

SAP

$129.13

0.55 (0.43%)

05:45
10/21/19
10/21
05:45
10/21/19
05:45
Earnings
SAP continues to expect FY20 non-IFRS total revenue EUR 28.6B-EUR 29.2B »

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  • 21

    Oct

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  • 19

    Nov

SAP

SAP

$129.13

0.55 (0.43%)

05:41
10/21/19
10/21
05:41
10/21/19
05:41
Earnings
SAP continues to expect FY19 revenue to 'increase strongly' »

Backs FY19 non-IFRS cloud…

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  • 21

    Oct

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    Nov

PBF

PBF Energy

$29.29

0.64 (2.23%)

05:39
10/21/19
10/21
05:39
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05:39
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  • 31

    Oct

SAP

SAP

$129.13

0.55 (0.43%)

05:38
10/21/19
10/21
05:38
10/21/19
05:38
Earnings
SAP reports Q3 non-IFRS EPS EUR 1.30 vs. EUR 1.14 last year »

Reports Q3 revenue EUR…

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  • 21

    Oct

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  • 19

    Nov

DANOY

Danone

$0.00

(0.00%)

05:32
10/21/19
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05:32
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  • 12

    Nov

JBAXY

Julius Baer

$0.00

(0.00%)

05:30
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05:30
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Julius Baer rating change  »

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DHR

Danaher

$138.08

0.31 (0.23%)

05:28
10/21/19
10/21
05:28
10/21/19
05:28
Hot Stocks
Danaher to sell certain businesses to Sartorius AG for $750M »

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  • 24

    Oct

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SAP

SAP

$129.13

0.55 (0.43%)

, MSFT

Microsoft

$137.34

-2.34 (-1.68%)

05:26
10/21/19
10/21
05:26
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05:26
Hot Stocks
SAP enters go-to-market partnership with Microsoft »

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SAP

SAP

$129.13

0.55 (0.43%)

MSFT

Microsoft

$137.34

-2.34 (-1.68%)

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ALSMY

Alstom

$0.00

(0.00%)

05:26
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DANOY

Danone

$0.00

(0.00%)

05:25
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  • 12

    Nov

HON

Honeywell

$165.61

-1.87 (-1.12%)

05:24
10/21/19
10/21
05:24
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05:24
Hot Stocks
Honeywell sees 7,600 new business jet deliveries over next decade »

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BA

Boeing

$344.09

-25.04 (-6.78%)

05:23
10/21/19
10/21
05:23
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05:23
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Boeing rating change  »

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  • 23

    Oct

IRT

Independence Realty Trust

$15.03

(0.00%)

05:22
10/21/19
10/21
05:22
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05:22
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Independence Realty Trust rating change  »

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  • 31

    Oct

RHHBY

Roche

$0.00

(0.00%)

05:21
10/21/19
10/21
05:21
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05:21
Hot Stocks
Genentech says Phase III IMbrave150 study met co-primary endpoints »

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  • 04

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    Dec

PINS

Pinterest

$25.30

-0.7 (-2.69%)

05:21
10/21/19
10/21
05:21
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05:21
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Pinterest rating change  »

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  • 31

    Oct

  • 19

    Nov

COMM

CommScope

$11.56

-0.06 (-0.52%)

05:20
10/21/19
10/21
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05:20
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CommScope upgraded to Buy…

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  • 22

    Oct

  • 07

    Nov

  • 09

    Dec

MFGP

Micro Focus

$15.13

0.56 (3.84%)

, OTEX

OpenText

$39.30

-1.545 (-3.78%)

05:18
10/21/19
10/21
05:18
10/21/19
05:18
Recommendations
Micro Focus, OpenText analyst commentary  »

Micro Focus could attract…

MFGP

Micro Focus

$15.13

0.56 (3.84%)

OTEX

OpenText

$39.30

-1.545 (-3.78%)

03/08/13
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  • 31

    Oct

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