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BA

Boeing

$373.87

1.77 (0.48%)

17:19
03/19/19
03/19
17:19
03/19/19
17:19

Boeing awarded $326.3M Navy delivery order

Boeing has been awarded $326.3M for cost-plus-fixed-fee delivery order against a previously issued basic ordering agreement to develop, integrate and test increment 3 block capabilities into the P-8A aircraft for the Navy and the government of Australia. Work is expected to be completed in March 2024. FY19 research, development, test and evaluation funds in the amount of $14.44M and cooperative engagement agreement funds in the amount of $19.2M are being obligated on this award, none of which will expire at the end of the current fiscal year. The Naval Air Systems Command is the contracting activity.

  • 19

    Mar

BA Boeing
$373.87

1.77 (0.48%)

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.

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Charles Schwab

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-0.385 (-0.85%)

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DIS

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1.67 (1.22%)

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GS

Goldman Sachs

$201.34

-0.11 (-0.05%)

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MTN

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$217.80

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SBUX

Starbucks

$75.44

-1.63 (-2.12%)

, AXTA

Axalta Coating

$26.65

-0.06 (-0.22%)

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Western Digital

$49.77

-3.18 (-6.01%)

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CLF

Cleveland-Cliffs

$9.83

0.12 (1.24%)

, ARGO

Argo Group

$75.29

1.08 (1.46%)

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CLF

Cleveland-Cliffs

$9.83

0.12 (1.24%)

ARGO

Argo Group

$75.29

1.08 (1.46%)

ITW

Illinois Tool Works

$152.18

0.915 (0.60%)

MDCO

The Medicines Co.

$31.48

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ESPR

Esperion

$44.11

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SFLY

Shutterfly

$43.11

0.81 (1.91%)

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MDLZ

Mondelez

$49.97

-0.02 (-0.04%)

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WBC

Wabco

$133.12

-0.08 (-0.06%)

10:17
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
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DIS

Disney

$139.40

2.1 (1.53%)

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Samsung

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DIS

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$139.40

2.1 (1.53%)

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SPOT

Spotify

$134.88

2.08 (1.57%)

FOX

Fox Corp.

$37.49

-0.13 (-0.35%)

CMCSA

Comcast

$43.19

0.24 (0.56%)

T

AT&T

$30.64

0.305 (1.01%)

AMZN

Amazon.com

$1,905.19

2.66 (0.14%)

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$NYE

NYSE Market Internals

$0.00

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AMZN

Amazon.com

$1,901.49

-1.04 (-0.05%)

, UPS

UPS

$103.84

-1.29 (-1.23%)

10:11
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On The Fly
Amazon 'goes for the jugular' with one-day Prime shipping »

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AMZN

Amazon.com

$1,901.49

-1.04 (-0.05%)

UPS

UPS

$103.84

-1.29 (-1.23%)

WMT

Walmart

$101.87

-1.65 (-1.59%)

TGT

Target

$78.14

-3.6 (-4.40%)

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USO

United States Oil Fund

$13.29

-0.23 (-1.70%)

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Options
Size option block in US Oil Fund as shares slip »

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RIG

Transocean

$8.74

-0.19 (-2.13%)

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10:05
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General news
U.S. consumer sentiment improved to 97.2 in the final April reading »

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$291.70

-0.42 (-0.14%)

10:04
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Trump says trade deal with China 'going very well' »

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SPX

S&P 500

$0.00

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SPY

SPDR S&P 500 ETF Trust

$291.70

-0.42 (-0.14%)

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10:02
04/26/19
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General news
Consumer Sentiment Index data reported »

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FII

Federated Investors

$30.30

-3.27 (-9.74%)

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  • 26

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ATEN

A10 Networks

$6.42

-0.86 (-11.81%)

10:00
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A10 Networks falls -11.5% »

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BGG

Briggs & Stratton

$10.82

-2.785 (-20.47%)

10:00
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Briggs & Stratton falls -20.5% »

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ENVA

Enova International

$29.65

3.12 (11.76%)

10:00
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Enova International rises 11.1% »

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