Breaking News Instant updates and real-time market news.

BA

Boeing

$373.87

1.77 (0.48%)

, ERJ

Embraer

$20.58

-0.23 (-1.11%)

08:13
03/20/19
03/20
08:13
03/20/19
08:13

Boeing announces three key leadership appointments

Boeing (BA) announced three leadership moves aimed at further strengthening the company's global presence and partnerships: Marc Allen named senior vice president of Boeing and president of Embraer (ERJ) Partnership and Group Operations; Sir Michael Arthur named president of Boeing International; and, John Slattery announced as president and CEO of the commercial aviation and services joint venture between Boeing and Embraer.

BA

Boeing

$373.87

1.77 (0.48%)

ERJ

Embraer

$20.58

-0.23 (-1.11%)

  • 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.
ERJ Embraer
$20.58

-0.23 (-1.11%)

01/16/19
MSCO
01/16/19
DOWNGRADE
Target $23.7
MSCO
Equal Weight
Embraer downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Josh Milberg downgraded Embraer to Equal Weight and lowered his price target to $23.70 from $24.50.
01/17/19
MSCO
01/17/19
DOWNGRADE
MSCO
Equal Weight
Embraer downgraded to Equal Weight from Overweight at Morgan Stanley
01/22/19
FBCO
01/22/19
DOWNGRADE
FBCO
Neutral
Embraer downgraded to Neutral from Outperform at Credit Suisse
01/22/19
01/22/19
DOWNGRADE
Target $24

Neutral
Embraer downgraded to Neutral at Credit Suisse
As previously reported, Credit Suisse analyst Robert Spingarn downgraded Embraer to Neutral from Outperform primarily on account of the less favorable outlook for bizjet and defense, as he is more cautious on the long-term prospects for RemainCo. The analyst also lowered his price target on the shares to $24 from $28.

TODAY'S FREE FLY STORIES

SKY

Skyline

$30.99

-0.45 (-1.43%)

12:48
11/22/19
11/22
12:48
11/22/19
12:48
Recommendations
Skyline analyst commentary  »

SunTrust boosts Skyline…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

12:47
11/22/19
11/22
12:47
11/22/19
12:47
Hot Stocks
Breaking Hot Stocks news story  »

Civista Bancshares…

WE

We Company

$0.00

(0.00%)

, SFTBF

SoftBank

$0.00

(0.00%)

12:46
11/22/19
11/22
12:46
11/22/19
12:46
Periodicals
Breaking Periodicals news story on We Company, SoftBank, SoftBank »

WeWork chairman lays out…

WE

We Company

$0.00

(0.00%)

SFTBF

SoftBank

$0.00

(0.00%)

SFTBY

SoftBank

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Z

Zillow

$41.03

1.22 (3.06%)

12:45
11/22/19
11/22
12:45
11/22/19
12:45
Options
Zillow call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

12:45
11/22/19
11/22
12:45
11/22/19
12:45
General news
Breaking General news story  »

Week of 11/22…

12:45
11/22/19
11/22
12:45
11/22/19
12:45
General news
Breaking General news story  »

Week of 11/22…

12:42
11/22/19
11/22
12:42
11/22/19
12:42
Hot Stocks
Breaking Hot Stocks news story  »

Civista Bancshares…

BIIB

Biogen

$294.17

5.51 (1.91%)

12:33
11/22/19
11/22
12:33
11/22/19
12:33
Periodicals
Breaking Periodicals news story on Biogen »

Biogen settles Tecfidera…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 04

    Dec

  • 05

    Dec

BIIB

Biogen

$293.68

5.02 (1.74%)

12:26
11/22/19
11/22
12:26
11/22/19
12:26
Hot Stocks
Breaking Hot Stocks news story on Biogen »

Biogen rallies 3%, or…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 04

    Dec

  • 05

    Dec

FTCH

Farfetch

$9.73

0.335 (3.57%)

12:25
11/22/19
11/22
12:25
11/22/19
12:25
Options
Farfetch Limited call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 02

    Dec

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$310.63

0.34 (0.11%)

12:18
11/22/19
11/22
12:18
11/22/19
12:18
General news
Ray Dalio says WSJ wrong, Bridgewater not betting market will fall »

Ray Dalio, Co-Chief…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$310.63

0.34 (0.11%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
11/22/19
11/22
12:17
11/22/19
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
11/22/19
11/22
12:16
11/22/19
12:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

DELL

Dell Technologies

$53.30

-0.425 (-0.79%)

12:15
11/22/19
11/22
12:15
11/22/19
12:15
Options
Dell Technologies put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Nov

  • 02

    Dec

  • 09

    Dec

  • 09

    Dec

12:15
11/22/19
11/22
12:15
11/22/19
12:15
General news
Treasury Action: the markets are mixed with no strong directional drivers »

Treasury Action: the…

RF

Regions Financial

$16.68

0.19 (1.15%)

12:05
11/22/19
11/22
12:05
11/22/19
12:05
Options
Regions Financial call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 17

    Jan

SPCE

Virgin Galactic

$7.57

-0.88 (-10.41%)

12:00
11/22/19
11/22
12:00
11/22/19
12:00
Hot Stocks
Virgin Galactic falls -10.3% »

Virgin Galactic is down…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 10

    Dec

PSTG

Pure Storage

$16.24

-3.6 (-18.15%)

12:00
11/22/19
11/22
12:00
11/22/19
12:00
Hot Stocks
Pure Storage falls -18.2% »

Pure Storage is down…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 02

    Dec

  • 09

    Dec

  • 12

    Dec

  • 10

    Mar

  • 11

    Mar

DAC

Danaos

$5.65

-1.68 (-22.92%)

12:00
11/22/19
11/22
12:00
11/22/19
12:00
Hot Stocks
Danaos falls -26.2% »

Danaos is down -26.2%, or…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Nov

GSX

GSX Techedu

$18.88

2.625 (16.15%)

12:00
11/22/19
11/22
12:00
11/22/19
12:00
Hot Stocks
GSX Techedu rises 16.5% »

GSX Techedu is up 16.5%,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Nov

BKE

The Buckle

$26.24

3.9 (17.46%)

12:00
11/22/19
11/22
12:00
11/22/19
12:00
Hot Stocks
The Buckle rises 17.4% »

The Buckle is up 17.4%,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Nov

SSI

Stage Stores

$4.30

0.95 (28.36%)

12:00
11/22/19
11/22
12:00
11/22/19
12:00
Hot Stocks
Stage Stores rises 27.7% »

Stage Stores is up 27.7%,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

GS

Goldman Sachs

$219.83

1.6 (0.73%)

, JPM

JPMorgan

$130.91

0.95 (0.73%)

11:57
11/22/19
11/22
11:57
11/22/19
11:57
On The Fly
Fly Intel: Wall Street's top stories at midday »

Markets were mixed near…

GS

Goldman Sachs

$219.83

1.6 (0.73%)

JPM

JPMorgan

$130.91

0.95 (0.73%)

TSLA

Tesla

$332.94

-21.88 (-6.17%)

F

Ford

$8.84

0.115 (1.32%)

GM

General Motors

$35.30

0.64 (1.85%)

GPS

Gap

$16.69

0.47 (2.90%)

UBER

Uber

$29.59

0.13 (0.44%)

HIBB

Hibbett Sports

$29.00

3.93 (15.68%)

JWN

Nordstrom

$37.50

3.21 (9.36%)

SPLK

Splunk

$135.96

9.16 (7.22%)

PSTG

Pure Storage

$16.26

-3.58 (-18.04%)

FL

Foot Locker

$39.54

-1.92 (-4.63%)

WSM

Williams-Sonoma

$66.86

-1.9 (-2.76%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Nov

  • 22

    Nov

  • 02

    Dec

  • 03

    Dec

  • 04

    Dec

  • 05

    Dec

  • 09

    Dec

  • 09

    Dec

  • 12

    Dec

  • 14

    Jan

  • 15

    Jan

  • 04

    Feb

  • 10

    Mar

  • 11

    Mar

ACM

Aecom

$42.48

0.095 (0.22%)

11:55
11/22/19
11/22
11:55
11/22/19
11:55
Conference/Events
Aecom participates in a conference call with BofA/Merrill »

Aecom discusses…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Nov

  • 10

    Dec

DE

Deere

$176.24

0.18 (0.10%)

11:46
11/22/19
11/22
11:46
11/22/19
11:46
Conference/Events
Deutsche Bank machinery analysts to hold an analyst/industry conference call »

Machinery Analysts, along…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 27

    Nov

  • 03

    Dec

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.