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BA

Boeing

$370.52

8.37 (2.31%)

18:22
03/25/19
03/25
18:22
03/25/19
18:22

Boeing software fix to prevent repeated activiation of MCAS, Reuters says

A Boeing software repair for the grounded 737 MAX will prevent repeated operation of an anti-stall system at the focus of safety concerns and deactivate it altogether should two sensors disagree too much, Reuters' Eric M. Johnson and Tim Hepher report, citing two people familiar with pilot briefings. The anti-stall system, known as MCAS, is under examination following two recent deadly crashes, the authors note. Pilots have been informed that the MCAS system will only operate one time for each event instead of imposing repeated corrections like those believed to have pushed the Lion Air jet into a dive, Johnson and Hepher report, citing people familiar with the briefings. Reference Link

BA Boeing
$370.52

8.37 (2.31%)

03/25/19
COWN
03/25/19
NO CHANGE
COWN
Outperform
Boeing direct financial impact from MAX crashes 'not a showstopper,' says Cowen
Cowen analyst Cai von Rumohr said Boeing's 737 MAX crashes are a near-term overhang, but are unlikely to be a long-term "depressant," stating that the direct financial impact is "not a showstopper." The analyst estimates a three-month delivery hiatus with no output cut would be about a $5B slip, though just in timing, and guesses that a direct fix and compensation could cost about $2B, net of insurance. The reputational risk is likely only short-term, as it was in prior crashes, said von Rumohr, who notes that after the 787 battery crisis, Boeing shares "underperformed for two weeks, went flat for a month, then spurted." von Rumohr maintains an Outperform rating on Boeing shares.
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.
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.
03/19/19
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.

TODAY'S FREE FLY STORIES

PDCE

PDC Energy

$36.67

-0.55 (-1.48%)

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PDC Energy CEO sends letter to shareholders, encourages white proxy card vote »

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HEI

Heico

07:11
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Heico analyst commentary  »

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MU

Micron

$36.06

-1.37 (-3.66%)

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Micron analyst commentary  »

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CLI

Mack-Cali Realty

$22.92

-0.12 (-0.52%)

07:10
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Mack-Cali Realty recommends stockholders vote the WHITE proxy card »

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  • 04

    Jun

07:10
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General news
Oil prices down from highs over USD 63 »

Oil prices down from…

ZAYO

Zayo Group

$32.70

-0.09 (-0.27%)

07:10
05/20/19
05/20
07:10
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07:10
Downgrade
Zayo Group rating change  »

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  • 04

    Jun

TSLA

Tesla

$211.02

-17.56 (-7.68%)

07:09
05/20/19
05/20
07:09
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07:09
Recommendations
Tesla analyst commentary  »

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  • 11

    Jun

ALNY

Alnylam

$67.48

-1.52 (-2.20%)

, MDCO

The Medicines Co.

$33.01

-0.19 (-0.57%)

07:08
05/20/19
05/20
07:08
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07:08
Recommendations
Alnylam, The Medicines Co. analyst commentary  »

Alnylam partner presented…

ALNY

Alnylam

$67.48

-1.52 (-2.20%)

MDCO

The Medicines Co.

$33.01

-0.19 (-0.57%)

03/08/13
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  • 20

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SPTN

SpartanNash

$14.94

-0.27 (-1.78%)

07:07
05/20/19
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07:07
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07:07
Earnings
SpartanNash reaffirms FY19 adjusted EPS view $1.20-$1.50, consensus $1.69 »

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  • 20

    May

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    May

CGEN

Compugen

$3.45

0.01 (0.29%)

, BMY

Bristol-Myers

$46.84

-0.28 (-0.59%)

07:07
05/20/19
05/20
07:07
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07:07
Hot Stocks
Compugen doses first patient in Phase 1 COM701/Opdivo study »

Compugen (CGEN) announced…

CGEN

Compugen

$3.45

0.01 (0.29%)

BMY

Bristol-Myers

$46.84

-0.28 (-0.59%)

03/08/13
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03/08/13
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  • 20

    May

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    May

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    May

TRK

Speedway Motorsports

$18.14

-0.035 (-0.19%)

07:06
05/20/19
05/20
07:06
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07:06
Hot Stocks
Speedway Motorsports retains advisor to consider going private proposal »

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XLNX

Xilinx

$104.76

-2.98 (-2.77%)

07:05
05/20/19
05/20
07:05
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07:05
Recommendations
Xilinx analyst commentary at Nomura Instinet »

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NTEC

Intec Pharma

$5.29

-0.07 (-1.31%)

07:05
05/20/19
05/20
07:05
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07:05
Hot Stocks
Intec Pharma granted European patent »

Intec Pharma announces…

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07:05
05/20/19
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General news
Tech sector weighs on global stock markets »

Tech sector weighs on…

SPTN

SpartanNash

$14.94

-0.27 (-1.78%)

07:04
05/20/19
05/20
07:04
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07:04
Hot Stocks
SpartanNash sees over $20M in annual run rate cost savings over next 24 months »

The company said,…

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  • 20

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ZAYO

Zayo Group

$32.70

-0.09 (-0.27%)

07:04
05/20/19
05/20
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07:04
Downgrade
Zayo Group rating change  »

Zayo Group downgraded to…

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  • 04

    Jun

VFF

Village Farms

$13.33

-0.47 (-3.41%)

07:04
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Village Farms: Pure Sunfarms receives SPL from Health Canada »

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KKR

KKR

$24.67

0.01 (0.04%)

07:03
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KKR, Western Natural Resources form partnership to pursue oil, gas investments »

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  • 11

    Jun

SPTN

SpartanNash

$14.94

-0.27 (-1.78%)

07:03
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Earnings
SpartanNash reports Q1 adjusted EPS 24c, consensus 34c »

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  • 20

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LOW

Lowe's

$109.00

0.11 (0.10%)

07:02
05/20/19
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Hot Stocks
Lowe's acquires Retail Analytics platform from Boomerang Commerce »

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  • 22

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    May

TOO

Teekay Offshore Partners

$1.16

-0.05 (-4.13%)

, BBU

Brookfield Business Partners

$38.53

-0.29 (-0.75%)

07:01
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Hot Stocks
Teekay Offshore receives unsolicited offer from Brookfield Business Partners »

Teekay Offshore Partners…

TOO

Teekay Offshore Partners

$1.16

-0.05 (-4.13%)

BBU

Brookfield Business Partners

$38.53

-0.29 (-0.75%)

03/08/13
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07:00
05/20/19
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07:00
General news
S&P 500 futures turned quite sharply lower »

S&P 500 futures…

KO

Coca-Cola

$49.22

-0.34 (-0.69%)

06:57
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Hot Stocks
Coca-Cola says will maintain its majority stake in Coca-Cola Beverages Africa »

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AAPL

Apple

$188.97

-0.93 (-0.49%)

, DELL

Dell Technologies

$69.48

-0.28 (-0.40%)

06:54
05/20/19
05/20
06:54
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06:54
Periodicals
Apple, Dell set to sell back preferred shares to Toshiba Memory, WSJ reports »

Apple (AAPL), Dell…

AAPL

Apple

$188.97

-0.93 (-0.49%)

DELL

Dell Technologies

$69.48

-0.28 (-0.40%)

STX

Seagate

$45.21

-0.69 (-1.50%)

TOSBF

Toshiba, also use TOSYY

$0.00

(0.00%)

TOSYY

Toshiba, also use TOSBF

$0.00

(0.00%)

03/08/13
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  • 30

    May

  • 03

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  • 06

    Jun

DUK

Duke Energy

$87.20

0.7 (0.81%)

06:53
05/20/19
05/20
06:53
05/20/19
06:53
Recommendations
Duke Energy analyst commentary  »

JPMorgan still cautious…

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