Breaking News Instant updates and real-time market news.

UAL

United Airlines

$80.56

-0.35 (-0.43%)

, AVH

Avianca

$3.37

0.32 (10.49%)

11:34
05/24/19
05/24
11:34
05/24/19
11:34

United sees possibility of supporting Avianca with loan of up to $150M

On November 29, 2018, as previously disclosed, United Airlines, a wholly-owned subsidiary of United Continental (UAL), entered into a term loan agreement with, among others, BRW Aviation Holding and BRW Aviation, affiliates of Synergy Aerospace Corporation, the majority shareholder of Avianca Holdings (AVH), as guarantor and borrower, respectively, pursuant to which, on November 30, 2018, United provided a $456M term loan, secured by a pledge of BRW's equity and BRW's 516M shares of common stock of AVH, equivalent to 64.5M American Depositary Receipts, the class of AVH securities that trades on the New York Stock Exchange. In a regulatory filing, United stated: "BRW is currently in default under the Loan Agreement. Additionally, on May 13, 2019, S&P Global Ratings downgraded its AVH issuer level credit ratings from B to CCC+, together with accompanying downgrades for AVH's frequent flyer subsidiary LifeMiles and for certain outstanding debt of both AVH and LifeMiles. Following these downgrades, and in order to protect the value of its collateral, on May 24, 2019, United began to exercise remedies available to it under the terms of the Loan Agreement and related documents. In connection with the delivery by United of a notice of default to BRW, Kingsland Holdings Limited, AVH's largest minority shareholder, has been granted independent authority to manage BRW, which remains the majority shareholder of AVH. United is committed to the possibility of supporting AVH by offering to loan it up to $150M if needed and requested by AVH, assuming certain commitments and waivers are made by other stakeholders."

UAL

United Airlines

$80.56

-0.35 (-0.43%)

AVH

Avianca

$3.37

0.32 (10.49%)

  • 29

    May

UAL United Airlines
$80.56

-0.35 (-0.43%)

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
MSCO
05/20/19
UPGRADE
MSCO
Overweight
United Continental upgraded to Overweight from Equal Weight at Morgan Stanley
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
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.
AVH Avianca
$3.37

0.32 (10.49%)

10/29/18
BOFA
10/29/18
DOWNGRADE
BOFA
Underperform
Avianca downgraded to Underperform from Neutral at BofA/Merrill
11/23/18
JPMS
11/23/18
DOWNGRADE
Target $6.5
JPMS
Neutral
Avianca downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Fernando Abdalla downgraded Avianca (AVH) to Neutral and lowered his price target for the shares to $6.50 from $8. The analyst sees risk for the company given its exposure to competition from low-cost carriers. He prefers shares of Copa Holdings (CPA). Abdalla views Copa's valuation discount to peers as unwarranted. He keeps an Overweight rating on the shares with a $100 price target.

TODAY'S FREE FLY STORIES

SLM

Sallie Mae

$9.09

0.25 (2.83%)

, TER

Teradyne

$73.57

2.04 (2.85%)

19:00
01/22/20
01/22
19:00
01/22/20
19:00
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: Sallie…

SLM

Sallie Mae

$9.09

0.25 (2.83%)

TER

Teradyne

$73.57

2.04 (2.85%)

PTC

PTC

$80.06

1.13 (1.43%)

STLD

Steel Dynamics

$32.02

0.11 (0.34%)

CTXS

Citrix

$119.16

1.37 (1.16%)

PAYC

Paycom

$303.73

3.96 (1.32%)

FUL

H.B. Fuller

$49.18

0.095 (0.19%)

TXN

Texas Instruments

$133.38

2.53 (1.93%)

IMGN

ImmunoGen

$4.67

-0.04 (-0.85%)

XENE

Xenon Pharmaceuticals

$16.84

0.15 (0.90%)

AVNW

Aviat Networks

$14.70

0.09 (0.62%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Jan

  • 22

    Jan

  • 22

    Jan

  • 23

    Jan

  • 23

    Jan

  • 23

    Jan

  • 23

    Jan

  • 12

    Feb

  • 26

    Feb

  • 21

    Jan

  • 22

    Jan

TTPH

Tetraphase

$3.84

0.97 (33.80%)

18:50
01/22/20
01/22
18:50
01/22/20
18:50
Syndicate
Tetraphase announces $17.5M of financings priced at-the-market »

Tetraphase…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SJM

J.M. Smucker

$107.00

-0.77 (-0.71%)

18:39
01/22/20
01/22
18:39
01/22/20
18:39
Initiation
J.M. Smucker initiated  »

J.M. Smucker initiated…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 17

    Feb

  • 26

    Feb

MYGN

Myriad Genetics

$28.71

0.34 (1.20%)

18:37
01/22/20
01/22
18:37
01/22/20
18:37
Hot Stocks
Myriad Genetics submits sPMA application to FDA for myChoice CDx test »

Myriad Genetics announced…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 13

    Feb

HSY

Hershey

$152.45

-0.355 (-0.23%)

18:36
01/22/20
01/22
18:36
01/22/20
18:36
Initiation
Hershey initiated  »

Hershey initiated with a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 30

    Jan

DCPH

Deciphera

$66.79

0.2 (0.30%)

18:32
01/22/20
01/22
18:32
01/22/20
18:32
Recommendations
Deciphera analyst commentary  »

Piper Sandler says…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BGS

B&G Foods

$16.25

0.195 (1.21%)

18:28
01/22/20
01/22
18:28
01/22/20
18:28
Initiation
B&G Foods initiated  »

B&G Foods initiated…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CVGW

Calavo Growers

$80.49

0.23 (0.29%)

18:25
01/22/20
01/22
18:25
01/22/20
18:25
Initiation
Calavo Growers initiated  »

Calavo Growers initiated…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

LW

Lamb Weston

$91.19

0.01 (0.01%)

18:21
01/22/20
01/22
18:21
01/22/20
18:21
Initiation
Lamb Weston initiated  »

Lamb Weston assumed with…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 29

    Jan

FLO

Flowers Foods

$21.75

-0.27 (-1.23%)

18:18
01/22/20
01/22
18:18
01/22/20
18:18
Initiation
Flowers Foods initiated  »

Flowers Foods initiated…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

K

Kellogg

$70.25

-0.32 (-0.45%)

18:15
01/22/20
01/22
18:15
01/22/20
18:15
Initiation
Kellogg initiated  »

Kellogg initiated with a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    Feb

  • 17

    Feb

GIS

General Mills

$53.97

-0.37 (-0.68%)

, WMT

Walmart

$116.10

0.53 (0.46%)

18:12
01/22/20
01/22
18:12
01/22/20
18:12
Initiation
General Mills, Walmart, Kellogg initiated  »

General Mills initiated…

GIS

General Mills

$53.97

-0.37 (-0.68%)

WMT

Walmart

$116.10

0.53 (0.46%)

K

Kellogg

$70.25

-0.32 (-0.45%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    Feb

  • 17

    Feb

  • 18

    Feb

JJSF

J & J Snack Foods

$183.94

-0.28 (-0.15%)

18:07
01/22/20
01/22
18:07
01/22/20
18:07
Initiation
J & J Snack Foods initiated  »

J & J Snack Foods…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Jan

  • 11

    Feb

THS

TreeHouse

$46.83

-0.085 (-0.18%)

18:04
01/22/20
01/22
18:04
01/22/20
18:04
Initiation
TreeHouse initiated  »

TreeHouse assumed with a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 13

    Feb

  • 17

    Feb

HBM

Hudbay Minerals

$3.41

-0.12 (-3.40%)

18:03
01/22/20
01/22
18:03
01/22/20
18:03
Upgrade
Hudbay Minerals rating change  »

Hudbay Minerals upgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Jan

TRQ

Turquoise Hill

$0.68

-0.0221 (-3.15%)

18:02
01/22/20
01/22
18:02
01/22/20
18:02
Upgrade
Turquoise Hill rating change  »

Turquoise Hill upgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Jan

STLD

Steel Dynamics

$32.02

0.11 (0.34%)

18:02
01/22/20
01/22
18:02
01/22/20
18:02
Earnings
Steel Dynamics CEO says company 'constructive' regarding NA steel market »

"Based on domestic…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Jan

STLD

Steel Dynamics

$32.02

0.11 (0.34%)

18:01
01/22/20
01/22
18:01
01/22/20
18:01
Earnings
Steel Dynamics reports Q4 adjusted EPS 62c, consensus 55c »

Reports Q4 revenue $2.4B,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Jan

SQ

Square

$68.74

0.42 (0.61%)

, BITCOIN

Bitcoin

$0.00

(0.00%)

17:59
01/22/20
01/22
17:59
01/22/20
17:59
Hot Stocks
Square introduces Lightning Development Kit tools for Bitcoin wallet developers »

The Square Crypto team…

SQ

Square

$68.74

0.42 (0.61%)

BITCOIN

Bitcoin

$0.00

(0.00%)

GBTC

Bitcoin Investment Trust

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Feb

NVCR

Novocure

$94.80

-0.83 (-0.87%)

17:59
01/22/20
01/22
17:59
01/22/20
17:59
Hot Stocks
NovoCure chairman sells 133,777 ordinary shares »

In a regulatory filing,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 27

    Feb

KHC

Kraft Heinz

$30.65

-0.37 (-1.19%)

17:52
01/22/20
01/22
17:52
01/22/20
17:52
Initiation
Kraft Heinz initiated  »

Kraft Heinz initiated…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SQ

Square

$68.74

0.42 (0.61%)

17:50
01/22/20
01/22
17:50
01/22/20
17:50
Periodicals
Square wins U.S patent for crypto-to-fiat payments network, Coindesk says »

Paddy Baker of Coindesk,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Feb

QCRH

QCR Holdings

$41.92

0.13 (0.31%)

17:50
01/22/20
01/22
17:50
01/22/20
17:50
Hot Stocks
Breaking Hot Stocks news story on QCR Holdings »

QCR Holdings higher by…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Jan

CPB

Campbell Soup

$48.56

-0.01 (-0.02%)

17:48
01/22/20
01/22
17:48
01/22/20
17:48
Initiation
Campbell Soup initiated  »

Campbell Soup initiated…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CAG

Conagra Brands

$32.29

-0.475 (-1.45%)

17:45
01/22/20
01/22
17:45
01/22/20
17:45
Initiation
Conagra Brands initiated  »

Conagra Brands initiated…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 17

    Feb

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.