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BA

Boeing

$373.87

1.77 (0.48%)

07:39
03/20/19
03/20
07:39
03/20/19
07:39

Voice recorder from Lion Air flight shows pilots' search for fix, Reuters says

The pilots of the doomed Lion Air Boeing 737 MAX searched a handbook as they struggled to understand why the jet was slipping downwards, but ran out of time before it hit the water, Reuters' Cindy Silviana, Jamie Freed, Tim Hepher report, citing three sources with knowledge of the cockpit voice recorder contents. Reference Link

  • 20

    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.

TODAY'S FREE FLY STORIES

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RCEL

Avita Medical

$8.13

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EIDX

Eidos Therapeutics

$46.58

1.33 (2.94%)

20:37
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COO

Cooper Companies

$301.97

2.64 (0.88%)

20:30
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  • 05

    Dec

CRM

Salesforce

$163.20

0.18 (0.11%)

20:21
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CCMP

Cabot Microelectronics

$155.89

2.68 (1.75%)

20:15
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Earnings
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  • 18

    Nov

CCMP

Cabot Microelectronics

$155.89

2.68 (1.75%)

20:15
11/17/19
11/17
20:15
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Earnings
Cabot Microelectronics sees Q1 total revenue approximately flat »

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  • 18

    Nov

CCMP

Cabot Microelectronics

$155.89

2.68 (1.75%)

20:14
11/17/19
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Earnings
Cabot Microelectronics reports Q4 EPS $1.68, consensus $1.63 »

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  • 18

    Nov

JEF

Jefferies Financial Group

$19.08

0.16 (0.85%)

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NIO

NIO Inc.

$1.82

0.07 (4.01%)

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GOLD

Barrick Gold

$16.57

-0.095 (-0.57%)

20:09
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Barrick Gold to sell 50% stake in Australian mine for $750M in cash »

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GOLD

Barrick Gold

$16.57

-0.095 (-0.57%)

15:40
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Saracen close to buying Barrick Gold mine stake for $750M, Bloomberg says »

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ESPR

Esperion

$40.51

0.67 (1.68%)

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PCG

PG&E

$7.41

0.71 (10.60%)

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  • 07

    Jan

XRX

Xerox

$38.95

0.295 (0.76%)

, HPQ

HP Inc.

$20.17

0.05 (0.25%)

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HP Inc.

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  • 26

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FOX

Fox Corp.

$33.60

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, FOXA

Fox Corp.

$34.26

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Fox Corp.

$33.60

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Fox Corp.

$34.26

0.04 (0.12%)

LGF.A

Lionsgate

$9.67

0.315 (3.37%)

LGF.B

Lionsgate

$9.07

0.345 (3.96%)

SNE

Sony

$62.03

0.23 (0.37%)

VIA

Viacom

$26.59

1.28 (5.06%)

VIAB

Viacom

$23.07

0.59 (2.62%)

T.CA

TELUS Corp. (Toronto)

$0.00

(0.00%)

CMCSA

Comcast

$44.54

-0.93 (-2.05%)

CMCSK

Comcast

$0.00

(0.00%)

DIS

Disney

$144.63

-2.56 (-1.74%)

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  • 09

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JNJ

Johnson & Johnson

$134.97

3.99 (3.05%)

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  • 22

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BA

Boeing

$371.55

4.25 (1.16%)

13:24
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Boeing 737 makes emergency landing after engine malfunction, NY Post says »

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AZN

AstraZeneca

$47.46

0.09 (0.19%)

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  • 18

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LLY

Eli Lilly

$113.18

1.8 (1.62%)

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  • 30

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AZN

AstraZeneca

$47.46

0.09 (0.19%)

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BA

Boeing

$371.55

4.25 (1.16%)

13:05
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