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F

Ford

$9.24

0.115 (1.26%)

, FCAU

Fiat Chrysler

$15.28

-0.1 (-0.65%)

12:31
04/04/19
04/04
12:31
04/04/19
12:31

Trump threatens to impose Mexico auto tariffs, Reuters reports

U.S. President Donald Trump said that if Mexico does not help the U.S. on immigration, the U.S. will slap tariffs on cars coming from Mexico into the U.S., Reuters reports. If that doesn't work, Trump said the U.S. will close the border with Mexico, according to Reuters. Publicly traded companies in the space include Daimler AG (DDAIF), Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Symbol now VWAGY (VLKAY) and Toyota (TM). Reference Link

F

Ford

$9.24

0.115 (1.26%)

FCAU

Fiat Chrysler

$15.28

-0.1 (-0.65%)

GM

General Motors

$38.60

0.34 (0.89%)

VLKAY

Symbol is now VWAGY

$0.00

(0.00%)

NSANY

Nissan

$0.00

(0.00%)

TM

Toyota

$122.09

1.03 (0.85%)

DDAIF

Daimler AG

$0.00

(0.00%)

HMC

Honda

$28.43

0.285 (1.01%)

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F Ford
$9.24

0.115 (1.26%)

03/26/19
MSCO
03/26/19
NO CHANGE
Target $10
MSCO
Equal Weight
Ford addition of Amazon veteran as CFO encouraging, says Morgan Stanley
After Ford (F) announced it has hired 20-year Amazon (AMZN) veteran Tim Stone as CFO, Morgan Stanley analyst Adam Jonas said he is encouraged by the addition of outside talent and thinks Stone's perspectives "can have a powerful impact" at a critical time for the company. Jonas sees the new CFO's potential priorities being to position Ford to be able to fund the business during an eventual downturn; manage the continued financing of receivables at Ford Credit into a tougher environment; fund its ambitious restructuring efforts and strategic initiatives; and communicate the story of Ford's value. The analyst maintains an Equal Weight rating and $10 price target on Ford shares.
03/01/19
UBSW
03/01/19
NO CHANGE
Target $10
UBSW
Buy
Enormity of strategic shift at Ford not appreciated by investors, says UBS
UBS analyst Colin Langan noted Ford investors are growing impatient with the company's "Fitness" plan, given limited results and sparse concrete details. The analyst believes the enormity of the strategic shift is underappreciated by investors as the company moves from low margin generalist to high margin specialist. Langan reiterated his Buy rating and $10 price target on Ford shares.
02/20/19
MSCO
02/20/19
NO CHANGE
Target $10
MSCO
Equal Weight
Morgan Stanley would fade Ford rally on SA heavy truck exit news
After Ford announced yesterday that it will exit the commercial heavy truck business in South America and expects to record pre-tax special item charges of about $460M as a result, Morgan Stanley analyst Adam Jonas said he would fade the rally following the news given that he sees the situation as "highly volatile." Ford's restructuring efforts help address its negatively valued business in South America, but some investors may have hoped for more significant actions, added Jonas, who keeps an Equal Weight rating on Ford with a $10 price target.
04/03/19
BMOC
04/03/19
NO CHANGE
BMOC
March U.S. auto sales mix negative for Magna, says BMO Capital
BMO Capital analyst Peter Sklar noted that Ward's Automotive reports that the U.S. light vehicle seasonally adjusted annual rate for March was 17.5M units, topping the consensus estimate of 16.8M vehicles. Sklar also pointed out that 12 of Magna's (MGA) top 20 North American programs underperformed the industry's selling rate of 1.5%. Publicly traded automakers include Daimler AG (DDAIF), Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Symbol now VWAGY (VLKAY) and Toyota (TM).
FCAU Fiat Chrysler
$15.28

-0.1 (-0.65%)

02/19/19
UBSW
02/19/19
DOWNGRADE
UBSW
Neutral
Fiat Chrysler downgraded to Neutral on disappointing EBIT growth at UBS
As previously reported, UBS analyst Patrick Hummel downgraded Fiat Chrysler to Neutral from Buy, stating that his prior rating was predicated on expectations for best-in-class EBIT growth in 2019. However, the uplift in NAFTA profitability is less pronounced than expected due to ramp-up cost and the company's situation in EMEA and China have become even more challenging. 2019 EBIT is now forecast to grow only 4% year-over-year, and on a lower 2018 base, compared to 15% growth estimated back in July 2018, Hummel noted.
02/19/19
02/19/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. WW (WTW) downgraded to Underweight from Neutral at JPMorgan with analyst Christina Brathwaite saying channel checks indicate that WW app daily active users continue to contract in the most important period of the year. 2. Papa John's (PZZA) downgraded to Sell from Hold at Stifel with analyst Chris O'Cull saying he sees further downside to earnings estimates and believes the current valuation reflects an expectation for a "faster than likely" recovery of EBITDA and cash flows. 3. Windstream (WIN) downgraded to Market Perform from Outperform at Cowen and Raymond James. 4. Fiat Chrysler (FCAU) downgraded to Neutral from Buy at UBS with analyst Patrick Hummel saying his prior rating was predicated on expectations for best-in-class EBIT growth in 2019. 5. CSX (CSX) downgraded to Sector Perform from Outperform at RBC Capital with analyst Walter Spracklin saying while Precision Scheduled Railroad model implementation has led to a significant reduction in the company's operating ratio, the "low hanging fruit has been picked" and that any further improvement should be "incremental." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/02/19
JEFF
04/02/19
NO CHANGE
JEFF
Jefferies discusses potential auto mergers, downgrades VW to Hold
The prospect of mergers in the automotive manufacturer space "tends to create excitement given how overdue it is," Jefferies analyst Philippe Houchois tells investors in a research note. Among the combinations being speculated in the press, the analyst views the logic and feasibility of a Fiat Chrysler (FCAU)/Peugeot (PUGOY) deal as "overwhelming." He rates both stocks a Buy. On the other hand, Houchois sees "limited rationale" in combining BMW (BMWYY) and Daimler AG's (DDAIF) Mercedes "as the challenge is to redefine, not bulk up, premium." Further, the analyst is not sure Volkswagen (VWGAY) can execute given its "governance/balance sheet." He downgrades the shares to Hold from Buy.
GM General Motors
$38.60

0.34 (0.89%)

02/19/19
NOMU
02/19/19
UPGRADE
NOMU
Buy
Honda upgraded to Buy on plant closures at Nomura Instinet
As previously reported, Nomura Instinet analyst Masataka Kunugimoto upgraded Honda (HMC) to Buy from Neutral as he believes auto plant closures will prompt a reassessment of the company's strong balance sheet and motorcycle operations. The analyst likes its more flexible management approach, as evidenced by the moves to strengthen its partnership with General Motors (GM) in next-generation technologies. He also commends the tough decision it has taken to close plants in the U.K. and Turkey in 2021, in addition to the previous decision to close the Sayama plant in Japan, which it announced in October 2017. Kunugimoto expects reductions in fixed costs and production costs per vehicle as a result of these plant closures to boost operating profits. The analyst raised his price target on Honda shares to JPY3,850 from JPY3,014.
03/26/19
MSCO
03/26/19
NO CHANGE
Target $44
MSCO
Overweight
Morgan Stanley urges investors to lower expectations for GM Cruise unit
Morgan Stanley analyst Adam Jonas noted that GM's Cruise unit has stated a target to launch its robotaxi service by the end of 2019, but his view is that the technology required to remove human drivers at an acceptable level of safety is likely many years away. While "taking nothing away from GM Cruise," which Jonas thinks has important technological value, he urged investors to lower expectations for the unit's revenue generation and profitability. He said that if GM were to potentially recast its projected time horizon for the launch of its Cruise robotaxi service that he believes "the stock market would be largely understanding." Jonas keeps an Overweight rating and $44 price target on General Motors shares.
03/13/19
MSCO
03/13/19
NO CHANGE
MSCO
Overweight
Morgan Stanley would be less surprised by GM's Cruise scaling back than growing
Following a recent Reuters report that said General Motors' (GM) Cruise unit plans to add 1,000 team members to double its headcount by year-end, Morgan Stanley analyst Adam Jonas said he would have been less surprised if Cruise was scaling back its growth plans rather than accelerating them given what he sees as "a general stalling" of autonomous vehicle expectations. His understanding is that the technology required to remove human drivers at an acceptable level of safety is likely many years away, said Jonas, who added that "it really matters" what Amazon (AMZN) is doing and whether it becomes a potential partner with GM, a competitor, or both. He maintains an Overweight rating on GM shares.
VLKAY Symbol is now VWAGY
$0.00

(0.00%)

03/14/19
BARD
03/14/19
NO CHANGE
Target $53
BARD
Outperform
Navistar pullback on TRATON IPO pause a buying opportunity, says Baird
Baird analyst David Leiker attributed yesterday's weakness in shares of Navistar (NAV) to news that TRATON, Volkswagen's (VLKAY) truck and bus unit, had suspended its IPO plans. Although he notes there has been speculation over time that TRATON would eventually make an outright offer for Navistar, Leiker thinks it was hard to argue prior to the slide that any takeout premium was embedded in Navistar's valuation and so the selloff "makes little sense." The analyst, who thinks Navistar is worth owning in light of strong market share gains, margin expansion, and cash flow improvement, keeps an Outperform rating and $53 price target on the stock.
01/15/19
GSCO
01/15/19
NO CHANGE
Target $12
GSCO
Buy
Ford, Volkswagen alliance could result in meaningful savings, says Goldman Sachs
Goldman Sachs analyst David Tamberrino notes that Ford (F) and Volkswagen (VLKAY) have announced their intention to make a formal announcement regarding potential joint plans at the Detroit Auto Show. He believes the expectation is for a deep alliance between the two with respect to passenger cars, developing electric vehicles, as well as investing in Autonomous Vehicle development, among other areas requiring stepped up auto investment or a dramatic change. Ultimately, Tamberrino thinks this could be additive to Ford's outlined restructuring plans and generate shared costs across the alliance, potentially improving near-term and longer-term results. Looking at historical automotive alliances and cost savings realized, there is potential for a range of $1.5B-$4.5B of expense savings that could accrue to Ford, he contends. The analyst reiterates a Buy rating and $12 price target on Ford's shares.
02/20/19
BUCK
02/20/19
NO CHANGE
Target $48
BUCK
Buy
Navistar checks 'noticeably more upbeat' than Paccar's, says Buckingham
Buckingham analyst Neil Frohnapple says his recently completed quarterly Navistar (NAV) dealer survey came in "noticeably more upbeat" than his recent conversations with Paccar (PCAR) dealers. Expectation for further Class 8 market share gains in 2019 along with bullishness for the new Class 4-5 vehicle are two factors contributing to a relatively more positive outlook on Navistar, Frohnapple tells investors in a research note. The analyst, who does not suggest Navistar will raise guidance when it reports this quarter as it remains early in the fiscal year, thinks there is a "high probability" of upside to the consensus EBITDA estimate of $876M based on stronger than expected market share gains, incremental synergies from the Traton alliance, and potential tailwinds in the second half of 2019 from lower raw material costs. Further, Frohnapple still sees a "high probability" that Navistar will be purchased this year as he thinks the Traton alliance will lead to a complete takeover by Volkswagen (VLKAY). The analyst says Navistar's risk/reward profile is still attractive despite the stock's 41% year-to-date rally. He keeps a Buy rating on the name with a $48 price target. Navistar in early trading is up 74c to $37.28.
NSANY Nissan
$0.00

(0.00%)

11/23/18
JEFF
11/23/18
UPGRADE
JEFF
Buy
Renault upgraded to Buy from Hold at Jefferies
Jefferies analyst Philippe Jean Houchois upgraded Renault (RNLSY) to Buy with a price target of EUR 78. The analyst sees the most likely outcome after Carlos Ghosn's arrest as being a re-balancing of the alliance between Renault and Nissan (NSANY) with Renault reducing its stake to possibly as low as 15%. Lowering its Nissan would help reduce the valuation discount and enable Renault to redeploy capital organically or in acquisitions, Houchois tells investors in a research note.
11/23/18
MACQ
11/23/18
DOWNGRADE
MACQ
Neutral
Nissan downgraded to Neutral from Outperform at Macquarie
Macquarie analyst Janet Lewis downgraded Nissan to Neutral an lowered her price target for the shares to 990 yen from 1,350 yen.
TM Toyota
$122.09

1.03 (0.85%)

10/22/18
BOFA
10/22/18
UPGRADE
BOFA
Buy
Toyota upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Kei Nihonyanagi upgraded Toyota to Buy from Neutral and raised estimates saying Q2 results confirm progress in improving North American profits and the share buyback announcement supports the share price.
11/19/18
JPMS
11/19/18
UPGRADE
JPMS
Overweight
Toyota upgraded to Overweight from Neutral at JPMorgan
12/06/18
JEFF
12/06/18
UPGRADE
JEFF
Buy
Toyota upgraded to Buy from Hold at Jefferies
Jefferies analyst Takaki Nakanishi upgraded Toyota Motor to Buy.
DDAIF Daimler AG
$0.00

(0.00%)

01/23/19
LEHM
01/23/19
UPGRADE
LEHM
Equal Weight
Daimler AG upgraded to Equal Weight from Underweight at Barclays
Barclays analyst Dorothee Cresswell upgraded Daimler AG to Equal Weight and raised her price target for the shares to EUR 65 from EUR 61. The analyst believes the challenges facing the business in 2019 are now well understood by investors.
02/01/19
MSCO
02/01/19
UPGRADE
MSCO
Overweight
Daimler AG upgraded to Overweight from Equal Weight at Morgan Stanley
HMC Honda
$28.43

0.285 (1.01%)

02/19/19
NOMU
02/19/19
UPGRADE
NOMU
Buy
Honda upgraded to Buy from Neutral at Nomura Instinet
10/30/18
LYON
10/30/18
UPGRADE
LYON
Buy
Honda upgraded to Buy from Outperform at CLSA

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CRC

California Resources

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-3.55 (-13.50%)

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MarineMax

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$7.19

-1.42 (-16.50%)

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Aaron's

$58.07

4.745 (8.90%)

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Wabtec

$71.90

-4.67 (-6.10%)

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Downside put buy in Wabtec as shares wobble after earnings »

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Oil States

$20.53

2.11 (11.45%)

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ASPN

Aspen Aerogels

$3.56

0.36 (11.25%)

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Aspen Aerogels rises 12.7% »

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NWL

Newell Brands

$13.84

-0.4 (-2.81%)

11:55
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Newell Brands put volume heavy and directionally bearish »

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11:50
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General news
U.S. Treasury tax receipts continue to surge »

U.S. Treasury tax…

GILD

Gilead

$63.57

0.75 (1.19%)

11:48
04/25/19
04/25
11:48
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11:48
Recommendations
Gilead analyst commentary at Piper Jaffray »

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IMMR

Immersion

$9.27

0.03 (0.32%)

11:45
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Immersion call volume above normal and directionally bullish »

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11:45
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Treasury's $85 B 4- and 8-week bill auctions were mixed »

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FB

Facebook

$193.51

10.87 (5.95%)

, TSLA

Tesla

$251.50

-7.2 (-2.78%)

11:38
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On The Fly
Facebook upgrade, Tesla downgrade among today's top calls »

Check out today's top…

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Facebook

$193.51

10.87 (5.95%)

TSLA

Tesla

$251.50

-7.2 (-2.78%)

PTC

PTC

$90.78

-11.16 (-10.95%)

XLNX

Xilinx

$116.64

-23.15 (-16.56%)

GD

General Dynamics

$178.46

-2.21 (-1.22%)

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PAGS

PagSeguro Digital

$26.34

-0.14 (-0.53%)

11:35
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PagSeguro Digital put volume heavy and directionally bearish »

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ZAYO

Zayo Group

$30.67

-1.075 (-3.39%)

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CGI

Symbol changed to CGIP

$0.00

(0.00%)

, CGIP

Celadon Group

$0.00

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CGI

Symbol changed to CGIP

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CGIP

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LBTYK

Liberty Global

$26.04

-0.35 (-1.33%)

11:25
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Liberty Global call volume above normal and directionally bullish »

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WABC

Westamerica

$62.57

-0.87 (-1.37%)

11:21
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Westamerica increases quarterly cash dividend to 41c from 40c per share »

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11:20
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Energy Action: RBOB gasoline futures »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
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NYSE market internals summary »

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11:15
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General news
Treasury announced $75 B in 3- and 6-month bill auctions for Monday »

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