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BA

Boeing

$395.49

6.69 (1.72%)

11:34
04/04/19
04/04
11:34
04/04/19
11:34

Ethiopia highlights flight control problems in preliminary accident report

Ethiopia's Aircraft Accident Investigation Bureau released its preliminary report on the Boeing 737 Max Jet crash. "The sole objective of the investigation of an accident or incident shall be the prevention of accidents and incidents; it is not the purpose of this activity to apportion blame or liability," the agency said. It's executive summary reads: "On March 10, 2019, at 05:38 UTC, Ethiopian Airlines flight 302, Boeing 737-8(MAX), ET-AVJ, took off from Addis Ababa Bole Int. Airport bound to Nairobi, Kenya Jomo Kenyatta Int. Airport. Shortly after takeoff, the Angle of Attack sensor recorded value became erroneous and the left stick shaker activated and remained active until near the end of the flight. In addition, the airspeed and altitude values from the left air data system began deviating from the corresponding right side values. Due to flight control problems, the Captain was unable to maintain the flight path and requested to return back to the departure airport. The crew lost control of the aircraft which crashed at 5: 44 UTC 28 NM South East of Addis Ababa near Ejere village."

  • 24

    Apr

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    Apr

BA Boeing
$395.49

6.69 (1.72%)

03/27/19
03/27/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Qualcomm (QCOM) initiated with a Neutral at JPMorgan. 2. Occidental Petroleum (OXY) initiated with a Perform at Oppenheimer. 3. Boeing (BA) resumed with a Buy at Citi. 4. Square (SQ) initiated with an Outperform at Macquarie. 5. Frontdoor (FTDR) initiated with an Outperform at William Blair. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
03/27/19
TIGR
03/27/19
NO CHANGE
TIGR
Buy
Boeing weakness on 737 Max 8 issues a buying opportunity, says Tigress Financial
Tigress Financial analyst Ivan Feinseth is keeping his Buy rating on Boeing and believes that the recent weakness in the stock price related to its 737 MAX 8 issues is a "buying opportunity". The analyst contends that the long-term aircraft demand remains strong, and Boeing is benefiting from the trend of increasing passenger and freight traffic along with an upcoming increase in retiring older planes. Feinseth estimates the global demand for commercial aviation services to grow about 4% per year over the next 20 years to over $8.8T in total value. Additionally, the analyst anticipates Boeing to generate "higher returns on capital, increasing economic profit, and greater shareholder value creation" from "increasing needs in cybersecurity, communication systems, and greater defense spending."
04/03/19
COWN
04/03/19
DOWNGRADE
Target $95
COWN
Market Perform
Spirit AeroSystems downgraded to Market Perform from Outperform at Cowen
Cowen analyst Cai von Rumohr downgraded Spirit AeroSystems (SPR) to Market Perform from Outperform with a $95 price target, saying that increased potential for a 737 rate adjustment will likely offset the expected upside from the Asco acquisition. With a lower 2020 cash flow yield than Boeing (BA) and less pricing power, the analyst says Spirit (SPR) looks fairly priced.
04/03/19
BARD
04/03/19
NO CHANGE
Target $470
BARD
Outperform
Boeing EPS consensus cuts coming after delivery data, says Baird
Baird analyst Peter Arment said his checks continue to point to Boeing reporting 134 plane deliveries in Q1, including only 85 deliveries of 737s, down from prior expectations of 147 aircraft. His 2019 delivery assumption for the 737 family is 871 planes, which compares to guidance of 895-905 and assumes limited deliveries through April for the 737 program after the grounding of the 737-MAX. Arment expects the EPS consensus for Boeing to "come down considerably" after the company's report next week of official Q1 delivery data, though he continues to recommend both short- and long-term investors buy Boeing shares and add to positions on the current pullback. Arment keeps an Outperform rating and $470 price target on Boeing.

TODAY'S FREE FLY STORIES

ADTN

Adtran

$17.39

-0.38 (-2.14%)

13:40
04/25/19
04/25
13:40
04/25/19
13:40
Earnings
Adtran VP Roger Shannon sold over $100K in company shares »

Adtran VP Roger Shannon…

03/08/13
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03/06/13
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AVYA

Avaya

$20.22

0.895 (4.63%)

13:34
04/25/19
04/25
13:34
04/25/19
13:34
Periodicals
Mitel offering to combine with Avaya in stock deal worth over $2B, WSJ says »

Avaya is in talks to…

03/08/13
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03/06/13
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03/06/13
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  • 15

    May

TECK.B

Teck Corp.

$0.00

(0.00%)

13:34
04/25/19
04/25
13:34
04/25/19
13:34
Conference/Events
Teck Corp. management to meet with B.Riley FBR »

Meeting to be held in…

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03/08/13
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03/06/13
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  • 30

    Apr

CWT

California Water Service

$49.43

-0.57 (-1.14%)

13:32
04/25/19
04/25
13:32
04/25/19
13:32
Upgrade
California Water Service rating change  »

California Water Service…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 25

    Apr

BHC

Bausch Health

$23.18

0.16 (0.70%)

13:30
04/25/19
04/25
13:30
04/25/19
13:30
Hot Stocks
Breaking Hot Stocks news story on Bausch Health »

Bausch Health trading…

03/08/13
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03/06/13
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03/06/13
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  • 06

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    May

AVYA

Avaya

$20.20

0.875 (4.53%)

13:28
04/25/19
04/25
13:28
04/25/19
13:28
Periodicals
Mitel offers to combine with Avaya in stock deal, WSJ says »

Mitel's bid values…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 15

    May

CLVS

Clovis

$19.43

-0.4 (-2.02%)

13:25
04/25/19
04/25
13:25
04/25/19
13:25
Options
Clovis call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 07

    May

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    May

AGN

Allergan

$140.66

0.98 (0.70%)

, TEVA

Teva

$15.07

0.065 (0.43%)

13:25
04/25/19
04/25
13:25
04/25/19
13:25
Conference/Events
Piper Jaffray specialty pharma analysts to hold analyst/industry conference call »

Specialty Pharmaceuticals…

AGN

Allergan

$140.66

0.98 (0.70%)

TEVA

Teva

$15.07

0.065 (0.43%)

ALDR

Alder Biopharmaceuticals

$13.95

0.29 (2.12%)

AMGN

Amgen

$179.82

1.56 (0.88%)

BHVN

Biohaven Pharmaceutical

$62.30

-0.855 (-1.35%)

LLY

Eli Lilly

$117.99

(0.00%)

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

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    Jun

ZM

Zoom Video

$64.49

1.175 (1.86%)

13:21
04/25/19
04/25
13:21
04/25/19
13:21
Hot Stocks
Zoom, Slack announce new partnership »

Zoom and Slack have…

03/08/13
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03/08/13
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03/06/13
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BHC

Bausch Health

$23.18

0.16 (0.70%)

13:21
04/25/19
04/25
13:21
04/25/19
13:21
Hot Stocks
Bausch Health announces FDA approval of Duobrii for plaque psoriasis »

Bausch Health and its…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 06

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    May

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
04/25/19
04/25
13:17
04/25/19
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
04/25/19
04/25
13:16
04/25/19
13:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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BA

Boeing

$382.62

7.3 (1.95%)

13:16
04/25/19
04/25
13:16
04/25/19
13:16
Recommendations
Boeing analyst commentary at Bernstein »

Bernstein says Aviation…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 29

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    Jun

BA

Boeing

$382.62

7.3 (1.95%)

13:15
04/25/19
04/25
13:15
04/25/19
13:15
Periodicals
FAA targeting May 23 for meeting over 737 MAX changes, Aviation Week says »

The FAA is targeting May…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 29

    Apr

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    May

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    Jun

13:12
04/25/19
04/25
13:12
04/25/19
13:12
General news
7-Yr Note Auction Coupon Rate data reported »

7-Yr Note Auction Coupon…

13:12
04/25/19
04/25
13:12
04/25/19
13:12
General news
7-Yr Note Auction Total Amount data reported »

7-Yr Note Auction Total…

RSG

Republic Services

$79.29

-0.01 (-0.01%)

13:10
04/25/19
04/25
13:10
04/25/19
13:10
Options
Upside call buys in Republic Services ahead of earnings »

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LUV

Southwest

$54.00

1.08 (2.04%)

13:06
04/25/19
04/25
13:06
04/25/19
13:06
Hot Stocks
Breaking Hot Stocks news story on Southwest »

Southwest continues to…

03/08/13
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LUV

Southwest

$54.00

1.08 (2.04%)

, BA

Boeing

$379.25

3.93 (1.05%)

13:06
04/25/19
04/25
13:06
04/25/19
13:06
Hot Stocks
Southwest expects FY19 capacity to increase 2%-3% y-o-y »

Says continues to have…

LUV

Southwest

$54.00

1.08 (2.04%)

BA

Boeing

$379.25

3.93 (1.05%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 13

    Nov

BUD

AB InBev

$86.38

-1.82 (-2.06%)

13:05
04/25/19
04/25
13:05
04/25/19
13:05
Options
Anheuser Busch call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 25

    Apr

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13:05
04/25/19
04/25
13:05
04/25/19
13:05
General news
FX Action: USD-CAD »

FX Action: USD-CAD…

APD

Air Products

$199.33

-0.17 (-0.09%)

, PKX

Posco

$55.45

-0.75 (-1.33%)

13:02
04/25/19
04/25
13:02
04/25/19
13:02
Hot Stocks
Air Products to supply Posco's cathode material manufacturing site in Gwangyang »

Air Products (APD)…

APD

Air Products

$199.33

-0.17 (-0.09%)

PKX

Posco

$55.45

-0.75 (-1.33%)

03/08/13
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03/06/13
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LUV

Southwest

$54.18

1.26 (2.38%)

13:02
04/25/19
04/25
13:02
04/25/19
13:02
Hot Stocks
Southwest expects Q2 economic fuel costs $2.10-$2.20 per gallon »

Says continues to expect…

03/08/13
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03/08/13
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  • 25

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  • 13

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13:00
04/25/19
04/25
13:00
04/25/19
13:00
General news
Treasury $32 B 7-year auction preview: »

Treasury $32 B 7-year…

BDRBF

Bombardier

$0.00

(0.00%)

12:59
04/25/19
04/25
12:59
04/25/19
12:59
Downgrade
Bombardier rating change at Scotiabank »

Bombardier downgraded to…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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