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KALU

Kaiser Aluminum

$107.59

2 (1.89%)

, BA

Boeing

$374.04

-0.98 (-0.26%)

16:33
04/23/19
04/23
16:33
04/23/19
16:33

Kaiser Aluminum says Boeing 737 build rate reduction introduces uncertainty

"The recent reduction in Boeing (BA) 737-MAX build rates has introduced uncertainty for commercial aerospace industry demand. While it is likely that the reduced build rates will eventually lead to some level of supply chain destocking, the amount and timing are uncertain until the situation is resolved. Meanwhile, demand for military aircraft continues to increase for the new generation F-35 Joint Strike Fighter and the modernized F-15X Super-fighter and F/A-18E/F Super Hornet fighter aircraft," said Kaiser Aluminum (KALU) chairman and CEO Jack Hockema. "While facing some uncertainty in aerospace and automotive demand this year, we are focused on executing on our strategic initiatives to capture the full efficiency and capacity benefits from our recent Trentwood investments and to position the Company for expected strong automotive extrusion shipments growth in 2020 and 2021. Overall, while we continue to monitor the 737 MAX situation, at this time we have no specific information to warrant a change in our full year 2019 outlook for EBITDA margin above 25% and low to mid-single digit percent year-over-year increase in both shipments and value added revenue."

KALU

Kaiser Aluminum

$107.59

2 (1.89%)

BA

Boeing

$374.04

-0.98 (-0.26%)

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KALU Kaiser Aluminum
$107.59

2 (1.89%)

07/16/18
JEFF
07/16/18
INITIATION
Target $122
JEFF
Hold
Kaiser Aluminum initiated with a Hold at Jefferies
Jefferies analyst Martin Englert started Kaiser Aluminum with a Hold rating and $122 price target. The analyst says "haphazard" government policy from trade actions have "upended" the global aluminum markets.
08/13/18
GSCO
08/13/18
DOWNGRADE
Target $101
GSCO
Sell
Kaiser Aluminum downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Matthew Korn downgraded Kaiser Aluminum to Sell from Neutral and lowered his price target to $101 from $105. The analyst says that a mismatch has opened up between the valuation of the stock - 8.9-times forward earnings vs. 7.2-times 5-year average - and the relative strength of its outlook, though he notes that his profitability expansion includes some conservatism. Korn adds that while the headwinds of higher aluminum costs are fading, destocking and commoditization are still weighing on Kaiser Aluminum's markets.
10/23/18
JEFF
10/23/18
UPGRADE
Target $123
JEFF
Buy
Kaiser Aluminum upgraded to Buy from Hold at Jefferies
Jefferies analyst Martin Englert upgraded Kaiser Aluminum to Buy and raised his price target for the shares to $123 from $122.
10/23/18
JEFF
10/23/18
UPGRADE
Target $123
JEFF
Buy
Jefferies upgrades Kaiser Aluminum to Buy following recent selloff
Jefferies analyst Martin Englert upgraded Kaiser Aluminum (KALU) to Buy from Hold and raised his price target for the shares to $123 from $122. The company's "challenging" Q3 was "somewhat misconstrued" given likely transitory cost headwinds, none of which appear structural, Englert tells investors in a research note. He believes the pullback in shares offers a "tactical opportunity to buy ahead of improving fundamentals." Investors likely underappreciate Kaiser's leverage to ramping aerospace programs into 2019 and 2020, Englert contends. He points out that Kaiser has "significant" exposure to Boeing (BA) programs.
BA Boeing
$374.04

-0.98 (-0.26%)

04/10/19
JPMS
04/10/19
NO CHANGE
Target $430
JPMS
Overweight
Boeing price target lowered to $430 from $450 at JPMorgan
JPMorgan analyst Seth Seifman lowered his price target for Boeing to $430 from $450 after updating his model for the company's "roughly in line" Q1 deliveries. However, "at this stage, modeling Boeing requires major assumptions for which there is little basis right now," Seifman tells investors in a research note. Uncertainties center around the span of the MAX delivery halt, how quickly Boeing might flush out MAX inventory when the halt is lifted, and how management plans to guide with Q1 results, says the analyst. He keeps an Overweight rating on Boeing shares.
04/11/19
04/11/19
NO CHANGE

Boeing CEO says conducted 100 test flights with fixed 737 MAX software, WSJ says
The Wall Street Journal's Andrew Tangel reports that Boeing CEO Dennis Muilenburg, making his first public remarks since the Ethiopian Airlines crash of 737 MAX last month, indicated that the software changes being made will make the aircraft "even safer". Muilenburg noted that Boeing engineers have been "working tirelessly in collaboration with the Federal Aviation Administration to finalize and implement a software update that will ensure accidents like these never happen again". The CEO added that the company has already conducted nearly 100 test flights of the fixed 737 MAX software since it grounded the aircraft last month. Reference Link
04/18/19
WBLR
04/18/19
INITIATION
WBLR
Outperform
Woodward initiated with an Outperform at William Blair
William Blair analyst Nicholas Heymann started Woodward (WWD) with an Outperform rating saying the stock offers 15%-20% upside over the next 6-12 months. After six years of "robust" investment for new capacity and products, Woodward is entering a period of accelerating profitable organic growth. He believes the company is "exceptionally well positioned" to generate "sustainable" double-digit earnings growth despite the current Boeing (BA) 737 Max grounding.
04/22/19
IMPC
04/22/19
NO CHANGE
Target $43
IMPC
Outperform
American Airlines shares pricing in 737 Max issues, says Imperial Capital
Imperial Capital analyst Micheal Derchin believes shares of American Airlines (AAL) present an attractive risk/reward opportunity. Issues with Boeing's (BA) 737 MAX are largely priced into the stock, says the analyst, who sees upside potential on unit revenues. Further, current valuations reflect low expectations, Derchin tells investors in a research note. He keeps an Outperform rating on American Airlines with a $43 price target.

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EPD

Enterprise Products

$29.29

0.35 (1.21%)

12:06
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Enterprise Products management to meet with Wolfe Research »

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CNI

Canadian National

$92.40

-0.76 (-0.82%)

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URBN

Urban Outfitters

$21.10

0.24 (1.15%)

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BHGE

Baker Hughes

$21.00

-0.43 (-2.01%)

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VRTX

Vertex

$186.23

-0.84 (-0.45%)

12:02
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12:02
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MSG

Madison Square Garden

$266.70

-26.315 (-8.98%)

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SE

Sea Limited

$32.53

-3.58 (-9.91%)

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FN

Fabrinet

$47.48

-8.92 (-15.82%)

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TCI

Transcontinental Realty Inc

$25.32

1.36 (5.68%)

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AVYA

Avaya

$13.83

1.44 (11.62%)

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CMCM

Cheetah Mobile

$4.41

1.11 (33.64%)

12:00
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HD

Home Depot

$217.05

9.07 (4.36%)

, KSS

Kohl's

$45.71

-2.49 (-5.17%)

11:56
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HD

Home Depot

$217.05

9.07 (4.36%)

KSS

Kohl's

$45.71

-2.49 (-5.17%)

TJX

TJX

$50.73

-0.82 (-1.59%)

ELAN

Elanco

$27.25

-2.57 (-8.62%)

BAYRY

Bayer

$0.00

(0.00%)

ENDP

Endo

$3.20

0.65 (25.49%)

CRCM

Care.com

$10.06

-0.01 (-0.10%)

SRPT

Sarepta

$101.88

-18.28 (-15.21%)

FN

Fabrinet

$47.33

-9.075 (-16.09%)

03/08/13
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FB

Facebook

$184.68

-1.54 (-0.83%)

, AOBC

American Outdoor Brands

$7.61

-0.18 (-2.31%)

11:56
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Periodicals
Facebook Marketplace has become a place to buy guns, WSJ says »

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FB

Facebook

$184.68

-1.54 (-0.83%)

AOBC

American Outdoor Brands

$7.61

-0.18 (-2.31%)

RGR

Sturm, Ruger

$40.88

-0.98 (-2.34%)

VSTO

Vista Outdoor

$4.73

0.01 (0.21%)

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WMT

Walmart

$113.57

-0.19 (-0.17%)

11:55
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Options
Wal-Mart put volume heavy and directionally bearish »

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TACO

Del Taco

$10.90

-0.13 (-1.18%)

11:49
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Del Taco said to hire bankers to consider sale, blog report claims »

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FB

Facebook

$184.89

-1.33 (-0.71%)

11:44
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Periodicals
Executive says Facebook new privacy feature may dent revenue, Bloomberg reports »

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M

Macy's

$15.70

-0.43 (-2.67%)

11:40
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Options
Short-term put buyer as Macy's hits new lows »

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MA

MasterCard

$279.09

1.05 (0.38%)

, GS

Goldman Sachs

$201.86

-0.35 (-0.17%)

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MasterCard

$279.09

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GS

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$201.86

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UBER

Uber

$35.81

1.23 (3.56%)

AAPL

Apple

$212.98

2.66 (1.26%)

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BYND

Beyond Meat

$155.67

11.23 (7.77%)

, HAIN

Hain Celestial

$19.80

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ABBV

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PPC

Pilgrim's Pride

$30.60

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SQ

Square

$64.52

0.41 (0.64%)

PYPL

PayPal

$108.44

0.8 (0.74%)

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HGV

Hilton Grand Vacations

$31.11

2.905 (10.30%)

, APO

Apollo Global

$34.24

0.55 (1.63%)

11:29
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HGV

Hilton Grand Vacations

$31.11

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APO

Apollo Global

$34.24

0.55 (1.63%)

BX

Blackstone

$48.70

0.85 (1.78%)

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  • 26

    Sep

AAPL

Apple

$213.03

2.71 (1.29%)

11:29
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08/20
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11:29
Periodicals
Apple's health team sees departures as tension brews over direction, CNBC says »

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FLEX

Flex

$10.05

0.02 (0.20%)

11:25
08/20/19
08/20
11:25
08/20/19
11:25
Conference/Events
Flex to host special shareholder meeting »

Special Shareholder…

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  • 20

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SIG

Signet Jewelers

$11.88

-0.45 (-3.65%)

11:20
08/20/19
08/20
11:20
08/20/19
11:20
Options
Put seller smacks bid for 2K Jan 10 puts in Signet Jewelers »

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  • 05

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11:20
08/20/19
08/20
11:20
08/20/19
11:20
General news
Treasury announced $95 B in 4- and 8-week bills for Thursday »

Treasury announced $95 B…

TJX

TJX

$50.31

-1.24 (-2.41%)

11:19
08/20/19
08/20
11:19
08/20/19
11:19
Earnings
Breaking Earnings news story on TJX 

TJX sees Q4 EPS 74c-77c

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  • 20

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