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BA

Boeing

$372.69

-3.72 (-0.99%)

06:32
03/22/19
03/22
06:32
03/22/19
06:32

Garuda Indonesia looks to cancel Boeing 737 Max jet order, WSJ reports

Garuda Indonesia is looking to cancel an order for 49 Boeing 737 MAX jets, claiming consumers have lost confidence in the plane following two fatal crashes in recent months, the Wall Street Journa's Ben Otto reports, citing Garuda CEO I Gusti Ngurah Askhara Danadiputra and a letter the company sent to Boeing. Garuda is the first airline to publicly confirm plans to cancel a 737 MAX order after the aircraft were grounded by regulators globally following an Ethiopian Airlines crash that killed all 157 people on board. Reference Link

BA Boeing
$372.69

-3.72 (-0.99%)

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.
03/20/19
GSCO
03/20/19
NO CHANGE
Target $49
GSCO
Sell
Southwest price target lowered to $49 from $54 at Goldman Sachs
Goldman Sachs analyst Catherine O'Brien lowered her price target on Southwest (LUV) to $49 and kept her Sell rating, saying there is increased risk to the company's 2019 earnings outlook. The analyst cites the company's contract issues with the the Aircraft Mechanics Fraternal Association, which she estimates to have reduced capacity by about 1.5% for the airline due to maintenance related cancellations. O'Brien also notes that Southwest has lost revenue from the recent grounding of Boeing's (BA) 737 Max8 aircraft.

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SWN

Southwestern Energy

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COG

Cabot Oil & Gas

$18.32

-0.04 (-0.22%)

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CTO

Consolidated-Tomoka

$68.00

0.18 (0.27%)

09:28
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Consolidated-Tomoka announces termination of $27M contract for land sale »

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ASLN

Aslan Pharmaceuticals

$1.88

-0.09 (-4.57%)

09:28
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Aslan presents late-breaking data from Phase 2 study of Varlitinib in China »

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ROKU

Roku

$129.79

-20.64 (-13.72%)

09:27
09/19/19
09/19
09:27
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09:27
Hot Stocks
Roku introduces new streaming player lineup for U.S., other markets »

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09:25
09/19/19
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Conference/Events
House Energy & Commerce Committee to hold a hearing »

The Subcommittee on…

09:25
09/19/19
09/19
09:25
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09:25
General news
The U.S. current account deficit »

The U.S. current account…

POOL

Pool Corp.

$189.43

-0.41 (-0.22%)

09:25
09/19/19
09/19
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09:25
Conference/Events
Pool Corp. to host investor day »

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ROKU

Roku

$129.79

-20.64 (-13.72%)

, CMCSA

Comcast

$46.93

0.26 (0.56%)

09:22
09/19/19
09/19
09:22
09/19/19
09:22
Recommendations
Roku, Comcast, Comcast analyst commentary  »

Roku pullback an…

ROKU

Roku

$129.79

-20.64 (-13.72%)

CMCSA

Comcast

$46.93

0.26 (0.56%)

CMCSK

Comcast

$0.00

(0.00%)

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  • 24

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GME

GameStop

$4.59

0.25 (5.76%)

09:22
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09:22
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09:22
Hot Stocks
GameStop announces 72-hour PRO DAY sale »

Beginning Sept. 20-22,…

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RFL

Rafael Holdings

$19.54

-0.46 (-2.30%)

09:19
09/19/19
09/19
09:19
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09:19
Hot Stocks
Rafael Pharmaceuticals expands Phase 3 trial of CPI-613 into South Korea »

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SPX

S&P 500

$0.00

(0.00%)

, VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

09:18
09/19/19
09/19
09:18
09/19/19
09:18
Options
Overnight activity included 462 trades in SPX and 4 trades in VIX »

462 trades were executed…

SPX

S&P 500

$0.00

(0.00%)

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

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VRTU

Virtusa

$39.07

-0.29 (-0.74%)

09:17
09/19/19
09/19
09:17
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09:17
Hot Stocks
Virtusa joins Stanford Artificial Intelligence Laboratory as affiliate member »

Virtusa Corporation…

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09:17
09/19/19
09/19
09:17
09/19/19
09:17
Conference/Events
Select Committee on the Modernization of Congress to hold a hearing »

The Committee holds a…

OSTK

Overstock.com

$16.19

-1.41 (-8.01%)

09:17
09/19/19
09/19
09:17
09/19/19
09:17
Recommendations
Overstock.com analyst commentary  »

Overstock.com stake sale…

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APEX

Apex Global Brands

$0.66

-0.105 (-13.82%)

09:16
09/19/19
09/19
09:16
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09:16
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Apex Global Brands, Stem Holdings announce multi-brand partnership »

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MACK

Merrimack

$5.36

-0.06 (-1.11%)

09:15
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Hot Stocks
Merrimack enters cooperation agreement with two funds, adds two board members »

Merrimack announced that,…

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  • 17

    Oct

OPTT

Ocean Power

$1.92

-0.13 (-6.34%)

, ENIC

Enersis Chile

$4.46

-0.025 (-0.56%)

09:13
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Ocean Power signs two contracts with Enel Green Power Chile over $1.9M »

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OPTT

Ocean Power

$1.92

-0.13 (-6.34%)

ENIC

Enersis Chile

$4.46

-0.025 (-0.56%)

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ARMK

Aramark

$42.67

-0.08 (-0.19%)

09:12
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HD

Home Depot

$230.95

0.77 (0.33%)

09:11
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CPST

Capstone Turbine

$0.52

-0.025 (-4.59%)

09:10
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09:10
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Capstone Turbine distributor signs FPP long-term service contract in California »

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09:10
09/19/19
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09:10
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General news
Treasury Action: yields have extended lower as trading picks up »

Treasury Action: yields…

EXPI

eXp World Holdings

$8.12

-0.51 (-5.91%)

09:09
09/19/19
09/19
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09:09
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eXp World Holdings expands in Canada, opens in Newfoundland and Labrador »

eXp Realty announced…

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09:09
09/19/19
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09:09
Conference/Events
House Committee on the Budget »

The Committee holds a…

NAV

Navistar

$29.09

-0.08 (-0.27%)

09:08
09/19/19
09/19
09:08
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09:08
Hot Stocks
Navistar to present 2020-24 strategy at 'Navistar 4.0' Investor Day event »

Navistar will present the…

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