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BA

Boeing

$350.57

-1.93 (-0.55%)

, UAL

United Continental

$80.91

-0.94 (-1.15%)

17:52
05/23/19
05/23
17:52
05/23/19
17:52

Airlines see 737 MAX needing 100-150 hours of preparation, Reuters says

Officials from three U.S. airlines that operate the Boeing (BA) 737 MAX said that once regulators approved the grounded planes for flight, each jet will likely need between 100-150 hours of prepartion before taking to the air, Reuters' Tracy Rucinski reports. The estimate, given to Reuters by American Airlines (AAL), United Airlines (UAL), and Southwest (LUV) officials, is the first indication of the time required to bring the aircraft out of storage, Rucinski says. Reference Link

BA

Boeing

$350.57

-1.93 (-0.55%)

UAL

United Continental

$80.91

-0.94 (-1.15%)

AAL

American Airlines

$29.49

-0.43 (-1.44%)

LUV

Southwest

$50.97

-1.6 (-3.04%)

  • 29

    May

  • 05

    Jun

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    Jun

  • 12

    Jun

  • 25

    Jul

  • 13

    Nov

BA Boeing
$350.57

-1.93 (-0.55%)

05/17/19
BARD
05/17/19
NO CHANGE
Target $470
BARD
Outperform
Boeing designated as bullish Fresh Pick at Baird
Baird analyst Peter Arment designated Boeing as a bullish Fresh Pick, saying he expects the path for the 737 MAX un-grounding to become more clear after the upcoming meeting on May 23 with the FAA and global regulators. The software fix is tracking to be certified within days with FAA regulatory approval taking the lead and other major global regulators set to approve shortly thereafter, Arment tells investors in a research note, adding that this sets up 737 deliveries to re-commence in the third quarter. Arment, who maintains an Outperform rating and $470 price target, says he remains comfortable buying Boeing at current levels for both short and long term investors.
05/07/19
05/07/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Fluor (FLR) downgraded to Neutral from Buy at Goldman Sachs with analyst Jerry Revich seeing an unclear medium-term margin outlook amid the company's CEO transition and further project writedowns in Q1. 2. Gardner Denver (GDI) downgraded to Neutral from Buy at UBS with analyst Damian Karas downgraded saying the shares are due for a "breather" following the recent run. 3. Boeing (BA) downgraded to Equal Weight from Overweight at Barclays with analyst David Strauss expecting the recovery of 737 Max production to take longer than expected. 4. Discover (DFS) downgraded to Perform from Outperform at Oppenheimer with analyst Dominick Gabriele seeing limited upside in the shares following the rally year-to-date now that his estimates are in-line with the consensus. 5. Cambrex (CBM) downgraded to Outperform from Strong Buy at First Analysis with analyst Steven Schwartz saying the company's valuation multiple is now in-line with peers following the recent share price appreciation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/07/19
RHCO
05/07/19
NO CHANGE
Target $54
RHCO
Buy
Ducommun price target raised to $54 from $48 at SunTrust
SunTrust analyst Michael Ciarmoli raised his price target on Ducommun (DCO) to $54 and kept his Buy rating after its Q1 earnings beat and record margins. The analyst notes that the sales mix and rate increases generated additional tailwinds for the company in the quarter, but he also expects these trends to be sustainable. Ciarmoli adds that the risks related to the Boeing (BA) 737 Max grounding "appear to be manageable."
05/07/19
LEHM
05/07/19
DOWNGRADE
Target $367
LEHM
Equal Weight
Barclays sees longer recovery for 737 Max, downgrades Boeing to Equal Weight
Barclays analyst David Strauss downgraded Boeing to Equal Weight from Overweight and lowered his price target for the shares to $367 from $417. The stock closed yesterday down $4.86 to $371.60. The analyst expects the recovery of 737 Max production to take longer than expected and his 2019-2020 earnings and free cash flow estimates are well below consensus as a result. Further, a survey indicates a large portion of fliers are likely to avoid 737 MAX for an extended period beyond when the grounding is lifted, Strauss tells investors in a research note. Social media and fliers' ability to know the aircraft type in advance of booking brings greater risk to 737 Max relative to prior incidents, says the analyst.
UAL United Continental
$80.91

-0.94 (-1.15%)

04/23/19
COWN
04/23/19
NO CHANGE
Target $145
COWN
Outperform
'Little' impact to Expedia seen from United's plan to leave, says Cowen
Cowen analyst Kevin Kopelman commented on United's (UAL) intention to leave Expedia (EXPE) on October 1, telling investors in a research note that he ultimately sees little impact to Expedia without other airlines joining United. He believes Expedia is well positioned to continue gaining market share of the hotel booking industry given its strong portfolio of global brands and competitive technology platform and hotel network, and maintains an Outperform rating and $145 price target.
05/20/19
05/20/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. General Dynamics (GD) upgraded to Buy from Neutral at Goldman Sachs with analyst Noah Poponak saying the valuation of General Dynamics relative to its defense peers has moved to the low-end of historical ranges. 2. Target (TGT) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Simeon Gutman citing his view that the 15% pullback in the stock over the past month leaves less near-term downside and that the company "appears to be past peak margin pain." 3. NeoPhotonics (NPTN) upgraded to Buy from Neutral at B. Riley FBR with analyst David Kang saying the company's exposure to Huawei has been "de-risked" following the recent selloff in the shares. 4. United Continental (UAL) upgraded to Overweight from Equal Weight at Morgan Stanley. 5. Jack in the Box (JACK) upgraded to Buy from Hold at Stifel with analyst Chris O'Cull saying the stock's valuation will improve as investors gain confidence in the company's outlook. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/20/19
MSCO
05/20/19
NO CHANGE
MSCO
Morgan Stanley upgrades United, cuts American and Delta in airlines shake-up
As previously reported, Morgan Stanley analyst Rajeev Lalwani upgraded United Continental (UAL) to Overweight from Equal Weight, downgraded Delta Air Lines (DAL) to Equal Weight from Overweight and downgraded American Airlines (AAL) to Underweight from Equal Weight as he believes diverging paths may emerge for legacy airlines heading into 2020. United has well executing its mid-continent strategy and he sees that continuing with its loyalty program and largely stable costs leading him to believe its 2020 EPS target has a higher probability of being met, Lalwani tells investors in his sector shake-up note. Meanwhile, the analyst thinks American faces the most labor risk within the group, further compounded by rising jet fuel prices. Delta shares have outperformed year-to-date with a 10% advance and his refreshed 2020 estimates are moderately below consensus, Lalwani stated in explanation of his downgrade of that stock. The analyst raised his price target on United shares to $110 from $101, lowered his target on American to $26 from $40 and trimmed his price target on Delta to $61 from $62.
05/20/19
MSCO
05/20/19
UPGRADE
MSCO
Overweight
United Continental upgraded to Overweight from Equal Weight at Morgan Stanley
AAL American Airlines
$29.49

-0.43 (-1.44%)

05/20/19
MSCO
05/20/19
DOWNGRADE
MSCO
Underweight
American Airlines downgraded to Underweight from Equal Weight at Morgan Stanley
04/30/19
IMPC
04/30/19
NO CHANGE
Target $4
IMPC
Outperform
American Airlines risk/reward attractive after Q1 results, says Imperial Capital
Imperial Capital analyst Michael Derchin sees an attractive risk/reward on shares of American Airlines following the company's Q1 results. The 737 Max issues are largely priced into the stock, while upside potential exists on unit revenues and current valuations reflect low expectations, Derchin tells investors in a research note. He lowered his price target for American Airlines to $40 from $43 and keeps an Outperform rating on the shares.
05/20/19
05/20/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. American Airlines (AAL) downgraded to Underweight from Equal Weight at Morgan Stanley while Delta Air Lines (DAL) was downgraded to Equal Weight from Overweight. 2. Deutsche Bank (DB) downgraded to Sell from Neutral at UBS with the firm saying the bank is facing limited strategic options and its operating conditions are unlikely to improve in the near term amid intense competition. 3. Eaton Vance (EV) double downgraded to Underperform from Buy at BofA/Merrill with analyst Michael Carrier lowering estimates to reflect slower flow trends, a difficult product mix, and potential margin pressures ahead. 4. ProAssurance (PRA) downgraded to Underperform from Market Perform at Keefe Bruyette with analyst Christopher Campbell saying the stock has rallied 9% since the company's "disappointing" Q1 results. 5. Clorox (CLX) downgraded to Hold from Buy at Argus with analyst John Staszak citing the company's revenue deceleration reported in Q3 to "just 2%" as well as its near-term growth outlook cut to 2%-3% from 2%-4%. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
LUV Southwest
$50.97

-1.6 (-3.04%)

03/28/19
FBCO
03/28/19
NO CHANGE
Target $50
FBCO
Neutral
Southwest price target lowered to $50 from $56 at Credit Suisse
Credit Suisse analyst Jose Caiado De Sousa lowered his price target for Southwest to $50 from $56 following the company's Q1 guidance cut, which was widely expected by investors. Given the negative near-term fundamental outlook for this otherwise "high quality" airline stock, the analyst reiterates a Neutral rating as he awaits cost execution in the second half of the year, as well as greater detail regarding Southwest's unspecified revenue initiatives for 2020.
04/02/19
SPHN
04/02/19
NO CHANGE
Target $63
SPHN
Overweight
Airlines needed some good news, and Delta delivered, says Stephens
With investor sentiment on the airline space negative, the group was in need of some good news and Delta Air Lines delivered a positive surprise this morning, Stephens analyst Jack Atkins tells investors in a research note. The airline pointed Q1 RASM growth to the upper-end of its initial guidance range, lowered its Q1 CASM excluding fuel expectation and raised its Q1 earnings guidance range, says the analyst. Atkins finds it encouraging that Delta noted underlying passenger demand remains solid and that the business market led the way during the quarter. Further, the company announced an extension of its credit card partnership with American Express (AXP), which is expected to double the revenue contribution to $7B by 2023 versus 2018 levels, he notes. Atkins reiterates an Overweight rating on Delta with a $63 price target. The stock in midday trading is up 7% to $55.64. Other names in the airline space include Alaska Air (ALK), American Airlines (AAL), JetBlue (JBLU), Southwest (LUV), Spirit Airlines (SAVE) and United Continental (UAL).
04/08/19
RAJA
04/08/19
DOWNGRADE
RAJA
Market Perform
Southwest downgraded to Market Perform from Outperform at Raymond James
04/08/19
04/08/19
DOWNGRADE

Market Perform
Southwest downgraded to Market Perform at Raymond James on 737 MAX grounding
As previously reported, Raymond James analyst Savanthi Syth downgraded Southwest Airlines (LUV) to Market Perform from Outperform and pulled her $60 price target citing expectations of near term earnings risk due to the grounding of Boeing's (BA) 737 MAX fleet. The analyst expects that risk to be extended into the summer months while also noting additional pressure on the airline in 2019 coming from the mechanics' union dispute. Longer term, Syth maintains a positive outlook on the company given its "ability to maintain its superior margins, free cash flow profile, and low leverage while capitalizing on technology catch-up and international growth opportunities."

TODAY'S FREE FLY STORIES

BBU

Brookfield Business Partners

$41.25

1.28 (3.20%)

, BAM

Brookfield

$48.38

0.29 (0.60%)

17:15
06/20/19
06/20
17:15
06/20/19
17:15
Syndicate
Brookfield Business Partners announces $795M equity offering »

Brookfield Business…

BBU

Brookfield Business Partners

$41.25

1.28 (3.20%)

BAM

Brookfield

$48.38

0.29 (0.60%)

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AXLA

Axcella

$10.39

0.27 (2.67%)

17:13
06/20/19
06/20
17:13
06/20/19
17:13
Earnings
Axcella reports Q1 EPS ($2.43), consensus (49c) »

Q1 operating expenses…

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LKSD

LSC Communications

$5.83

0.07 (1.22%)

17:11
06/20/19
06/20
17:11
06/20/19
17:11
Hot Stocks
LSC comments on DOJ action regarding proposed transaction with Quad »

LSC Communications…

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QUAD

Quad/Graphics

$9.75

0.09 (0.93%)

, LKSD

LSC Communications

$5.83

0.07 (1.22%)

17:10
06/20/19
06/20
17:10
06/20/19
17:10
Hot Stocks
Quad/Graphics intends to defend proposed LSC Communications acquisition »

Quad/Graphics (QUAD)…

QUAD

Quad/Graphics

$9.75

0.09 (0.93%)

LKSD

LSC Communications

$5.83

0.07 (1.22%)

03/08/13
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SFM

Sprouts Farmers Market

$19.52

0.14 (0.72%)

17:04
06/20/19
06/20
17:04
06/20/19
17:04
Hot Stocks
Sprouts Farmers Market interim co-CEO/CFO Brad Lukow resigns »

Sprouts Farmers Market…

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  • 13

    Nov

NAKD

Naked Brand Group

$0.27

0.0025 (0.93%)

17:03
06/20/19
06/20
17:03
06/20/19
17:03
Syndicate
Breaking Syndicate news story on Naked Brand Group »

Naked Brand Group files…

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HPQ

HP Inc.

$20.85

0.22 (1.07%)

16:57
06/20/19
06/20
16:57
06/20/19
16:57
Hot Stocks
HP Inc. General Counsel sells 20K shares of common stock »

In a regulatory filing,…

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    Jul

CPT

Camden Property

$107.61

0.57 (0.53%)

16:54
06/20/19
06/20
16:54
06/20/19
16:54
Hot Stocks
Camden Property COO sells 16.2K shares of common stock »

In a regulatory filing,…

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COMM

CommScope

$16.00

0.38 (2.43%)

16:52
06/20/19
06/20
16:52
06/20/19
16:52
Hot Stocks
CommScope's distributed antenna system patents upheld in favorable ruling »

CommScope received…

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  • 21

    Jun

INVH

Invitation Homes

$27.68

-0.07 (-0.25%)

16:50
06/20/19
06/20
16:50
06/20/19
16:50
Syndicate
Invitation Homes announces offering of 37.5M shares of common stock for holders »

Invitation Homes…

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EGY

VAALCO Energy

$1.55

0.03 (1.97%)

16:46
06/20/19
06/20
16:46
06/20/19
16:46
Hot Stocks
VAALCO Energy announces $10M stock buyback program »

VAALCO Energy announced…

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ENTG

Entegris

$38.50

1.36 (3.66%)

, INTC

Intel

$47.16

0.08 (0.17%)

16:45
06/20/19
06/20
16:45
06/20/19
16:45
Initiation
Entegris, Intel, TSMC initiated  »

Entegris initiated with a…

ENTG

Entegris

$38.50

1.36 (3.66%)

INTC

Intel

$47.16

0.08 (0.17%)

TSM

TSMC

$40.52

1.11 (2.82%)

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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  • 09

    Jul

  • 25

    Jul

16:38
06/20/19
06/20
16:38
06/20/19
16:38
General news
Money Supply M2 Weekly Change data reported »

Week of 6/10 Money Supply…

LH

LabCorp

$168.01

-1.54 (-0.91%)

16:37
06/20/19
06/20
16:37
06/20/19
16:37
Upgrade
LabCorp rating change at Deutsche Bank »

LabCorp upgraded to Buy…

03/08/13
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  • 20

    Jun

FNKO

Funko

$24.25

2.02 (9.09%)

16:35
06/20/19
06/20
16:35
06/20/19
16:35
Initiation
Funko initiated  »

Funko initiated with a…

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  • 25

    Jun

HSIC

Henry Schein

$70.96

-1.06 (-1.47%)

16:35
06/20/19
06/20
16:35
06/20/19
16:35
Hot Stocks
Henry Schein CFO Steven Paladino sells almost $1.5M in company shares »

Henry Schein CFO Steven…

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16:34
06/20/19
06/20
16:34
06/20/19
16:34
General news
Fed Balance Sheet Level data reported »

Week of 6/19 Fed Balance…

CTRV

ContraVir Pharmaceuticals

$4.27

-0.485 (-10.21%)

16:34
06/20/19
06/20
16:34
06/20/19
16:34
Hot Stocks
ContraVir Pharma receives positive FDA response to NASH candidate plans »

ContraVir Pharmaceuticals…

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MTX

Minerals Technologies

$59.21

0.34 (0.58%)

16:31
06/20/19
06/20
16:31
06/20/19
16:31
Hot Stocks
Minerals Technologies initiates restructuring program through staff cuts »

Minerals Technologies has…

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16:30
06/20/19
06/20
16:30
06/20/19
16:30
Options
Preliminary option volume of 26.6M today »

Preliminary option volume…

MTX

Minerals Technologies

$59.21

0.34 (0.58%)

16:28
06/20/19
06/20
16:28
06/20/19
16:28
Earnings
Breaking Earnings news story on Minerals Technologies »

Minerals Technologies…

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YUMA

Yuma Energy

$0.21

0.0013 (0.63%)

16:26
06/20/19
06/20
16:26
06/20/19
16:26
Hot Stocks
Yuma Energy discloses noncompliance notice from NYSE »

Yuma Energy announced…

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CHWY

Chewy

$34.18

-0.71 (-2.04%)

16:24
06/20/19
06/20
16:24
06/20/19
16:24
Initiation
Chewy initiated  »

Chewy initiated with a…

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ORCL

Oracle

$57.02

4.33 (8.22%)

, WORK

Slack Technologies

$38.69

(0.00%)

16:23
06/20/19
06/20
16:23
06/20/19
16:23
On The Fly
Fly Intel: Wall Street's top stories for Thursday »

Stock opened sharply…

ORCL

Oracle

$57.02

4.33 (8.22%)

WORK

Slack Technologies

$38.69

(0.00%)

NBL

Noble Energy

$21.74

1.25 (6.10%)

HFC

HollyFrontier

$43.66

2.19 (5.28%)

HAL

Halliburton

$22.88

1.07 (4.91%)

BHGE

Baker Hughes

$24.36

1.04 (4.46%)

VTR

Ventas

$71.73

2.08 (2.99%)

CCL

Carnival

$48.82

-4.03 (-7.63%)

MAC

Macerich

$34.12

-0.85 (-2.43%)

03/08/13
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  • 20

    Jun

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    Jul

  • 01

    Aug

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    Aug

  • 27

    Aug

  • 13

    Nov

RHT

Red Hat

$188.30

0.3 (0.16%)

16:23
06/20/19
06/20
16:23
06/20/19
16:23
Hot Stocks
Red Hat reports Q1 subscription revenue $815M, up 15% from last year »

CFO Eric Shander states:…

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