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VWAGY

Volkswagen

$0.00

(0.00%)

, NAV

Navistar

$31.36

-0.085 (-0.27%)

10:10
05/14/19
05/14
10:10
05/14/19
10:10

Volkswagen spinoff plans reopens question about Navistar, Dealreporter says

Volkswagen's (VWAGY) decision to go forward with plans to list its trucks unit brings questions about a potential takeover of Navistar (NAV) back into focus, said Dealreporter, according to contacts. The truck unit, Traton, holds a 16.8% stake in Navistar and "the thinking is that [VW] could use proceeds from the IPO toward buying the rest," the report stated, according to contacts.

VWAGY

Volkswagen

$0.00

(0.00%)

NAV

Navistar

$31.36

-0.085 (-0.27%)

VWAGY Volkswagen
$0.00

(0.00%)

04/02/19
JEFF
04/02/19
DOWNGRADE
JEFF
Hold
Volkswagen downgraded to Hold from Buy at Jefferies
Jefferies analyst Philippe Jean Houchois downgraded Volkswagen to Hold from Buy and lowered his price target for the shares to EUR 160 from EUR 180.
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.
04/11/19
ROTH
04/11/19
NO CHANGE
Target $240
ROTH
Neutral
Tesla price target lowered to $240 from $270 at Roth Capital
Roth Capital analyst Craig Irwin lowered his price target for Tesla (TSLA) to $240 from $270, while reiterating a Neutral rating on the shares. The analyst believes the direct read on Panasonic (PCRFY)/Tesla suspending plans for Gigafactory expansion is the partners probably do not see Tesla achieving projected sales volumes, and therefore necessary battery demand. The analyst thinks Tesla's battery costs are too high, with METI data pointing to Tesla's cell costs at around $240/kWh, while his checks show VW (VWAGY)/Porsche paying $250/kWh, indicating Tesla has no advantage here. Overall, Irwin believes Tesla's vehicle sales are slow because costs are simply too high for consumers.
NAV Navistar
$31.36

-0.085 (-0.27%)

03/06/19
CLVD
03/06/19
NO CHANGE
CLVD
Neutral
Navistar guidance seems 'achievable/beatable,' says Cleveland Research
Cleveland Research analyst Adam Uhlman reiterated a Neutral rating on Navistar ahead of the company's Q1 earnings on Friday, telling investors in a research note that he continues to see upside to Navistar's market share in 2019 as it still has some production slots available, supported by its addition of a second shift at Escobedo. Additionally, he notes that the company has guided to a 100bp improvement in share in FY19, which he says "seems achievable/beatable," given the momentum seen in Q1. Over the medium term, Uhlman says he remains bullish on the shares as market share growth and JV purchasing synergies opportunities remain significant, while a potential acquisition of Navistar by Traton is an additional upside catalyst to the shares.
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.
04/02/19
JPMS
04/02/19
NO CHANGE
JPMS
March Class 8 truck orders drop 66% year-over-year, says JPMorgan
According to ACT Research, Class 8 net orders in March were 15,700 units, down 66% year-over-year, JPMorgan analyst Ann Duignan tells investors in a research note. The analyst points out that truck orders have the largest incremental impact on Navistar (NAV), Paccar (PCAR), Cummins (CMI), Eaton (ETN), Wabco (WBC) and Allison Transmission (ALSN).
05/06/19
LBOW
05/06/19
DOWNGRADE
LBOW
Neutral
Navistar downgraded to Neutral from Buy at Longbow

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MDT

Medtronic

$89.02

1.22 (1.39%)

, HRL

Hormel Foods

$39.48

-0.33 (-0.83%)

20:25
05/22/19
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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MDT

Medtronic

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HRL

Hormel Foods

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BBY

Best Buy

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BJ

BJ's Wholesale

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HFC

HollyFrontier

$42.69

-1.45 (-3.29%)

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Periodicals
Breaking Periodicals news story on HollyFrontier »

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PS

Pluralsight

$33.43

-0.58 (-1.71%)

, MSFT

Microsoft

$127.67

0.77 (0.61%)

20:04
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20:04
Recommendations
Pluralsight, Microsoft analyst commentary at First Analysis »

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PS

Pluralsight

$33.43

-0.58 (-1.71%)

MSFT

Microsoft

$127.67

0.77 (0.61%)

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GTE

Gran Tierra

$2.09

-0.03 (-1.42%)

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Gran Tierra confirms award of 3 Ecuador blocks with 140K acre total area »

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PGR

Progressive

$80.47

0.44 (0.55%)

19:10
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Hot Stocks
Progressive's Sieger sells 7,500 common shares »

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CRM

Salesforce

$157.60

1.83 (1.17%)

19:05
05/22/19
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19:05
Hot Stocks
Salesforce Ventures launches $125M Europe Trailblazer Fund »

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MRCY

Mercury Systems

$70.96

0.08 (0.11%)

19:05
05/22/19
05/22
19:05
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19:05
Syndicate
Mercury Systems 6M share Secondary priced at $69.00 »

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RNG

RingCentral

$122.58

0.14 (0.11%)

18:57
05/22/19
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18:57
Hot Stocks
RingCentral CEO: We have an all in one solution for business communications »

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LB

L Brands

$24.29

1.605 (7.08%)

, VIPS

Vipshop

$7.75

0.095 (1.24%)

18:53
05/22/19
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18:53
Hot Stocks
Fly Intel: After Hours Movers »

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LB

L Brands

$24.29

1.605 (7.08%)

VIPS

Vipshop

$7.75

0.095 (1.24%)

CPRT

Copart

$64.99

-0.91 (-1.38%)

CTRP

Ctrip

$37.78

-0.09 (-0.24%)

SNPS

Synopsys

$115.10

-0.63 (-0.54%)

AVP

Avon Products

$4.07

0.875 (27.39%)

GILD

Gilead

$67.25

0.73 (1.10%)

IOVA

Iovance Biotherapeutics

$17.71

1.5 (9.25%)

AMGN

Amgen

$173.23

3.61 (2.13%)

NTAP

NetApp

$62.58

-7.43 (-10.61%)

SCVL

Shoe Carnival

$29.65

-2.6 (-8.06%)

HTHT

Huazhu Group

$34.41

-0.47 (-1.35%)

SBLK

Star Bulk Carriers

$8.13

-0.13 (-1.57%)

ONVO

Organovo

$0.78

-0.158 (-16.84%)

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HMC

Honda

$25.54

-0.17 (-0.66%)

, TKTDY

Takata

$0.00

(0.00%)

18:53
05/22/19
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Hot Stocks
Honda to recall about 19,000 vehicles in the U.S. over faulty inflator kits »

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HMC

Honda

$25.54

-0.17 (-0.66%)

TKTDY

Takata

$0.00

(0.00%)

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DSNKY

Daiichi Sankyo

$0.00

(0.00%)

18:39
05/22/19
05/22
18:39
05/22/19
18:39
Periodicals
Breaking Periodicals news story on Daiichi Sankyo »

Daiichi Sankyo in talks…

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SPOT

Spotify

$127.10

-5.06 (-3.83%)

18:27
05/22/19
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18:27
Periodicals
Spotify resets some users' passwords over 'suspicious activity,' TechCrunch says »

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IDXX

Idexx Laboratories

$250.45

1.24 (0.50%)

18:20
05/22/19
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Hot Stocks
Idexx Laboratories CEO: We're at the beginning of our runway for growth »

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OMC

Omnicom

$79.79

-0.3 (-0.37%)

18:15
05/22/19
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18:15
Hot Stocks
Omnicom CEO sells 60.5K shares of common stock »

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BSX

Boston Scientific

$37.74

0.04 (0.11%)

18:12
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Hot Stocks
Boston Scientific initiates trial of WATCHMAN FLX appendage closure platform »

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CTRP

Ctrip

$37.63

-0.24 (-0.63%)

18:03
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05/22
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18:03
Hot Stocks
Ctrip reports Q1 gross margin 79% vs. 82% a year ago »

Remained consistent with…

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CTRP

Ctrip

$37.63

-0.24 (-0.63%)

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Earnings
Breaking Earnings news story on Ctrip »

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CTRP

Ctrip

$37.63

-0.24 (-0.63%)

18:01
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Earnings
Ctrip reports Q1 adjusted EPS 44c, consensus 24c »

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CE

Celanese

$100.10

-0.18 (-0.18%)

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Hot Stocks
Celanese announces acetyls product price increases »

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XRAY

Dentsply Sirona

$54.64

-0.25 (-0.46%)

17:57
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Hot Stocks
Dentsply Sirona CFO Alexos to leave company in connection with relocation »

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SIM

Grupo Simec

$9.23

(0.00%)

17:55
05/22/19
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17:55
Hot Stocks
Grupo Simec receives noncompliance notification from NYSE »

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CPRT

Copart

$64.78

-1.12 (-1.70%)

17:51
05/22/19
05/22
17:51
05/22/19
17:51
Earnings
Copart reports Q3 adjusted EPS 66c, consensus 62c »

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NVS

Novartis

$83.94

1.555 (1.89%)

17:51
05/22/19
05/22
17:51
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17:51
Periodicals
Novartis CEO sees Zolgensma price 'far lower' than $4M-$5M range, Reuters says »

Novartis CEO Vas…

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PCG

PG&E

$19.00

0.55 (2.98%)

17:45
05/22/19
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17:45
Periodicals
PG&E to remain in control of bankruptcy until September 29, WSJ reports »

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OBLN

Obalon Therapeutics

$1.24

0.842 (211.56%)

17:41
05/22/19
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17:41
Hot Stocks
Obalon Therapeutics discloses resignation of CEO »

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