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ARNC

Arconic

$20.68

0.14 (0.68%)

16:30
04/16/19
04/16
16:30
04/16/19
16:30

Arconic 8.7M share Block Trade; price range $20.25-$20.50

Morgan Stanley is acting as sole book running manager for the offering.

  • 30

    Apr

  • 14

    May

ARNC Arconic
$20.68

0.14 (0.68%)

12/20/18
LBOW
12/20/18
UPGRADE
LBOW
Buy
Arconic upgraded to Buy from Neutral at Longbow
12/20/18
12/20/18
UPGRADE
Target $24

Buy
Longbow upgrades Arconic to Buy after positive aerospace supplier survey
As previously reported, Longbow analyst Chris Olin upgraded Arconic to Buy from Neutral, stating that his survey of contacts in the tier-3 and tier-4 aerospace channel reported an accelerating top-line growth environment. Some smaller aerospace forging competitors are now facing constrained production capacity, which he believes could protect Arconic's aerospace & defense market share, Olin added. He also believes take-out speculation "offers a solid trading floor in the mid-$17/share range," the analyst tells investors. He set a $24 price target on Arconic shares.
01/14/19
JPMS
01/14/19
DOWNGRADE
Target $22
JPMS
Neutral
Arconic downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Michael Gambardella downgraded Arconic (ARNC) to Neutral and lowered his price target for the shares to $22 from $24. The analyst cites valuation for the downgrade. The shares are gradually pricing in a buyout, which is appropriate, Gambardella tells investors in a research note. Bloomberg on January 2 reported that Apollo Global (APO) in talks to buy Arconic for $22 per share.
01/14/19
01/14/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Delta Air Lines (DAL) downgraded to Neutral from Buy at BofA/Merrill with analyst Andrew Didora saying his Flight Indicator data analysis suggests a "deceleration in domestic PRASM" in the first half of the year, coupled with other slowing demand indicators that include "weak ISM survey, declining CEO Confidence, airline pricing growth off highs, currency headwind, and government shutdown." 2. Illinois Tool Works (ITW) downgraded to Neutral from Buy at Citi with analyst Andrew Kaplowtiz saying the company's "overexposure" to "slowing" Europe is a risk. 3. Chevron (CVX) downgraded to Hold from Buy at HSBC with analyst Gordon Gray saying the scale of U.S. supply, and its responsiveness to any significant hike in price, will likely limit the price upside for crude. 4. Arconic (ARNC) downgraded to Neutral from Overweight at JPMorgan with analyst Michael Gambardella citing valuation. 5. XPO Logistics (XPO) downgraded to Sector Weight from Overweight at KeyBanc with analyst Todd Fowler citing his view that the big and bulky final mile market is increasingly competitive, along with ongoing uncertainty around European end markets. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

UBS

UBS

$13.16

0.07 (0.53%)

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FB

Facebook

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UBS

UBS

$13.16

0.07 (0.53%)

05:37
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PYPL

PayPal

$107.18

0.27 (0.25%)

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NOW

ServiceNow

$242.41

-1.085 (-0.45%)

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CTXS

Citrix

$100.45

-0.4 (-0.40%)

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ALGN

Align Technology

$297.12

1.14 (0.39%)

05:27
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MSFT

Microsoft

$125.00

-0.5 (-0.40%)

05:24
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IRBT

iRobot

$100.39

-30.03 (-23.03%)

05:21
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iRobot analyst commentary at Piper Jaffray »

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SWI

SolarWinds

$19.77

0.325 (1.67%)

05:17
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  • 16

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XLNX

Xilinx

$139.79

2.66 (1.94%)

05:15
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Xilinx rating change  »

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  • 14

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SIRI

Sirius XM

$5.71

-0.43 (-7.00%)

05:13
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05:13
Upgrade
Sirius XM rating change  »

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  • 23

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APC

Anadarko

$71.41

7.29 (11.37%)

05:07
04/25/19
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05:07
Downgrade
Anadarko rating change  »

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  • 14

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CARO

Carolina Financial

$36.91

0.49 (1.35%)

05:06
04/25/19
04/25
05:06
04/25/19
05:06
Earnings
Carolina Financial reports Q1 operating EPS 65c, consensus 69c »

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  • 25

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JBAXY

Julius Baer

$0.00

(0.00%)

05:06
04/25/19
04/25
05:06
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05:06
Downgrade
Julius Baer rating change  »

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GD

General Dynamics

$180.67

-1.66 (-0.91%)

05:04
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Upgrade
General Dynamics rating change at JPMorgan »

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NAVI

Navient

$12.96

0.51 (4.10%)

05:03
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Navient rating change  »

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PTC

PTC

$101.94

1.12 (1.11%)

05:02
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PTC rating change  »

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DB

Deutsche Bank

$8.50

-0.04 (-0.47%)

04:59
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04:59
Earnings
Deutsche Bank expects Q1 net income EUR 200M, revenue EUR 6.4B »

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DB

Deutsche Bank

$8.50

-0.04 (-0.47%)

, CRZBY

Commerzbank

$0.00

(0.00%)

04:57
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04/25/19
04:57
Hot Stocks
Deutsche Bank ends merger talks with Commerzbank, still reviewing alternatives »

Deutsche Bank (DB)…

DB

Deutsche Bank

$8.50

-0.04 (-0.47%)

CRZBY

Commerzbank

$0.00

(0.00%)

03/08/13
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CRZBY

Commerzbank

$0.00

(0.00%)

, DB

Deutsche Bank

$8.50

-0.04 (-0.47%)

04:55
04/25/19
04/25
04:55
04/25/19
04:55
Hot Stocks
Commerzbank announces end of merger talks with Deutsche Bank »

Commerzbank (CRZBY)…

CRZBY

Commerzbank

$0.00

(0.00%)

DB

Deutsche Bank

$8.50

-0.04 (-0.47%)

03/08/13
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03/06/13
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