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FLR

Fluor

$27.73

-0.82 (-2.87%)

, CTVA

Corteva

$0.00

(0.00%)

04:55
06/03/19
06/03
04:55
06/03/19
04:55

Corteva to replace Fluor in S&P 500 at open on 6/3

Corteva (CTVA) will be added to the S&P 500 prior to the open of trading on Monday, June 3. Corteva will replace Fluor (FLR), which will be removed from the S&P 500 effective prior to the open of trading on Tuesday, June 4.

FLR

Fluor

$27.73

-0.82 (-2.87%)

CTVA

Corteva

$0.00

(0.00%)

  • 12

    Jun

  • 13

    Jun

FLR Fluor
$27.73

-0.82 (-2.87%)

05/07/19
GSCO
05/07/19
DOWNGRADE
GSCO
Neutral
Fluor downgraded to Neutral from Buy at Goldman Sachs
05/07/19
GSCO
05/07/19
DOWNGRADE
Target $28
GSCO
Neutral
Goldman downgrades Fluor to Neutral on unclear margin outlook
Goldman Sachs analyst Jerry Revich downgraded Fluor to Neutral from Buy and lowered his price target for the shares to $28 from $44. Amid the company's CEO transition and further project writedowns in Q1, the analyst sees an unclear medium-term margin outlook. He says his view of a cyclical margin recovery proved to be wrong. Revich cut his price target for the shares to $28 from $44.
05/07/19
DADA
05/07/19
NO CHANGE
Target $32
DADA
Neutral
Fluor price target lowered to $32 from $43 at DA Davidson
DA Davidson analyst Brent Thielman lowered his price target on Fluor to $32 and kept his Neutral rating after its Q1 earnings miss, a cut in its FY19 guidance, and a management transition disclosed last week. The analyst says the new CEO inherits "ongoing problem projects", some of which have existed for over a year, adding that convincing investors that Fluor's expanding backlog is "not a liability" will be key. Thielman intends to monitor for the new management to announce new strategies that Fluor may pursue to generate more consistent profitability.
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.
CTVA Corteva
$0.00

(0.00%)

05/29/19
JEFF
05/29/19
INITIATION
Target $36
JEFF
Buy
Corteva initiated with a Buy at Jefferies
Jefferies analyst Laurence Alexander started Corteva with a Buy rating and $36 price target. The company begins trading with operations well below mid-cycle, Alexander tells investors in a research note. He estimates 30% earnings downside in a full recession, and 140% potential upside to the next peak in the agriculture cycle. While synergies are "well underway," the company's productivity efforts on their own would lift earnings 40%-50% by 2025, says the analyst.
06/02/19
BMOC
06/02/19
INITIATION
Target $37
BMOC
Outperform
Corteva initiated with an Outperform at BMO Capital
BMO Capital analyst Joel Jackson started Corteva Agriscience with an Outperform rating and $37 price target. The company is a "scarce, high-quality ag chems pure play" with attractive near- and mid-term upside, Jackson tells investors in a research note. Further, he believes expectations are conservative at current valuation levels.

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GD

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SCL

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NAVI

Navient

$12.16

0.19 (1.59%)

06:58
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SMED

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$4.25

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06:57
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SCL

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$95.04

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Earnings
Stepan Company reports Q3 adj. EPS $1.20, consensus $1.14 »

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TDY

Teledyne

$311.18

-10.775 (-3.35%)

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TDY

Teledyne

$311.18

-10.775 (-3.35%)

06:56
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Earnings
Teledyne raises FY19 GAAP EPS view to $10.37-$10.42 from $9.86-$9.96 

FY19 consensus $9.94.

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EXK

Endeavour Silver

$2.22

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TDY

Teledyne

$311.18

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Teledyne reports Q3 GAAP EPS $2.84, consensus $2.53 »

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CISN

Cision

$10.08

1.63 (19.29%)

06:55
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06:55
Downgrade
Cision rating change  »

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CAT

Caterpillar

$133.69

1.47 (1.11%)

06:55
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FULT

Fulton Financial

$16.76

0.09 (0.54%)

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Fulton Financial sees NIM down 3-5bps over FY19 vs. FY18 »

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NDAQ

Nasdaq

$97.96

-0.2 (-0.20%)

06:53
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Breaking Hot Stocks news story on Nasdaq »

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NDAQ

Nasdaq

$97.96

-0.2 (-0.20%)

06:52
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Nasdaq lowers FY19 adj. operating expense view to $1.285B-$1.295B »

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USAP

Universal Stainless & Alloy

$13.59

-0.02 (-0.15%)

06:51
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Earnings
Universal Stainless & Alloy reports Q3 EPS 9c, consensus 21c »

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NDAQ

Nasdaq

$97.96

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RES

RPC, Inc.

$5.08

0.11 (2.21%)

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BKU

BankUnited

$33.94

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Earnings
BankUnited reports Q3 EPS 77c, consensus 71c »

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CMC

Commercial Metals

$18.92

0.47 (2.55%)

06:48
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Earnings
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SNAP

Snap

$14.00

-0.58 (-3.98%)

06:48
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AVY

Avery Dennison

$118.56

0.06 (0.05%)

06:47
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Hot Stocks
Avery Dennison CEO says 'solid profit growth despite soft market demand' »

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  • 23

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AVY

Avery Dennison

$118.56

0.06 (0.05%)

06:46
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Earnings
Avery Dennison narrows FY19 adj. EPS view to $6.50-$6.60 from $6.50-$6.65 

FY19 consensus $6.52.

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AVY

Avery Dennison

$118.56

0.06 (0.05%)

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Earnings
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General news
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-7.55 (-3.98%)

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