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VWAGY

Volkswagen

$0.00

(0.00%)

06:13
06/14/19
06/14
06:13
06/14/19
06:13

Volkswagen sets IPO price range for Traton unit

Volkswagen and TRATON SE have set the framework for the envisaged IPO of TRATON in the regulated market segments of the Frankfurt Stock Exchange and the Nasdaq Stockholm. The price range for the shares has been set at EUR 27.00 to EUR 33.00 per share. The first day of trading for TRATON shares is expected on June 28, 2019. The offer is subject to the approval of the securities prospectus by the German Federal Financial Supervisory Authority , which is expected in the coming days. The offer period is expected to begin on June 17, 2019 and to end on June 27, 2019. Frank Witter, CFO of Volkswagen, said: "I am pleased that we have reached another milestone on TRATON's route to the IPO. We are now all set for the decisive phase. The IPO is driven by the aim to create value for our stakeholders." Citigroup, Deutsche Bank, Goldman Sachs International and J.P. Morgan are acting as Joint Global Coordinators. BofA Merrill Lynch, Barclays, BNP Paribas, SEB and UniCredit Bank AG,together with the Joint Global Coordinators, are acting as Joint Bookrunners. COMMERZBANK,HSBC, Societe Generale and Landesbank Baden-Wurttemberg are acting as Co-Lead Managers.

VWAGY Volkswagen
$0.00

(0.00%)

05/15/19
MSCO
05/15/19
NO CHANGE
MSCO
Tariff delay a 'modest positive' for automakers, says Morgan Stanley
Morgan Stanley analyst Michael Zezas called media reports indicating that the U.S. plans to delay auto tariffs by up to 6 months a "modest positive" for the automaking group, stating that extra time somewhat reduces the probability of tariffs going into place but that the core impasse between the U.S. and EU - namely whether or not to include agricultural issues in negotiations - still remains and is the real driver of the tariff tension. The analyst, who noted that the U.S. retains the option to implement tariffs at any point within the 180 day delay, said he still thinks auto tariffs are likely to go into effect later this year. Publicly traded automakers that moved up following the headlines regarding the delay decision include Daimler AG (DDAIF), Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VWAGY).
05/28/19
JEFF
05/28/19
NO CHANGE
Target $53
JEFF
Buy
Navistar acquisition by Volkswagen remains likely, says Jefferies
Jefferies analyst Stephen Volkmann expects Navistar International (NAV) to issue positive Q2 results and guidance when it reports on June 4. He believes management will focus on positive free cash flow, debt paydown, savings from the Volkswagen (VWAGY) joint venture and market share gains. Further, with Volkswagen re-launching the initial public offering process for Traton, the analyst says the Jefferies European Capital Goods Team issued a report analyzing the IPO and the potential for an acquisition of Navistar. The firm continues to believe an acquisition pf Navistar by Volkswagen is likely, although Volkmann admits the "timing remains uncertain." He keeps a Buy rating on Navistar with a $53 price target. The analyst believes his $53 price target "appears to be a price which would work for both buyer and seller."
05/31/19
JMPS
05/31/19
NO CHANGE
Target $369
JMPS
Outperform
JMP Securities keeps Outperform rating on Tesla after driving Audi e-tron
After test driving and analyzing the Audi e-tron, which marks Volkswagen's (VWAGY) first fully electric small SUV, JMP Securities analyst Joseph Osha said the test drive left him impressed but he also thinks "VW is late to the EV market and it shows." The e-tron is heavy, "slow by EV standards," and Osha said he thinks the weak range and performance are likely to limit sales for this version of the vehicle. Following the e-tron try-out, Osha reiterated his Outperform rating and $369 price target on Tesla shares, adding that he feels his 90,500 unit target for Tesla's Q2 shipments "is secure" based on early data.
06/03/19
RBCM
06/03/19
INITIATION
RBCM
Outperform
Volkswagen initiated with an Outperform at RBC Capital
RBC Capital analyst Tom Narayan started Volkswagen with an Outperform rating and EUR 202 price target. The analyst rolled out coverage on the European Autos group with a positive bias on car makers and a more cautious view on suppliers. While acknowledging near-term cyclical pressures, Narayan says the market is valuing Daimler, Renault and VW with no terminal value. His positive view on the car makers is supported by his firm's survey work which suggests strong consumer demand for electronic vehicles and a willingness to pay more.

TODAY'S FREE FLY STORIES

HQY

HealthEquity

$62.16

-2.5 (-3.87%)

08:03
06/27/19
06/27
08:03
06/27/19
08:03
Conference/Events
HealthEquity to hold a conference call »

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  • 27

    Jun

ALRN

Aileron Therapeutics

$0.75

-0.0365 (-4.63%)

08:02
06/27/19
06/27
08:02
06/27/19
08:02
Hot Stocks
Aileron Therapeutics announces FDA acceptance of IND for ALRN-6924 »

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BA

Boeing

$375.05

5.68 (1.54%)

08:02
06/27/19
06/27
08:02
06/27/19
08:02
Recommendations
Boeing analyst commentary  »

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  • 09

    Jul

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    Jul

CABO

Cable One

$1,111.46

-18.95 (-1.68%)

08:02
06/27/19
06/27
08:02
06/27/19
08:02
Recommendations
Cable One analyst commentary  »

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VFC

VF Corp.

$85.74

0.32 (0.37%)

08:01
06/27/19
06/27
08:01
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08:01
Recommendations
VF Corp. analyst commentary  »

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  • 16

    Jul

TSLA

Tesla

$219.22

-0.47 (-0.21%)

08:00
06/27/19
06/27
08:00
06/27/19
08:00
Options
Tesla put buyer realizes 36% same-day gains »

Notable profits for the…

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COUP

Coupa Software

$119.01

-1.3 (-1.08%)

07:57
06/27/19
06/27
07:57
06/27/19
07:57
Recommendations
Coupa Software analyst commentary  »

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  • 11

    Jul

BB

BlackBerry

$7.55

-0.74 (-8.93%)

07:56
06/27/19
06/27
07:56
06/27/19
07:56
Recommendations
BlackBerry analyst commentary  »

BlackBerry execution…

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SM

SM Energy

$12.56

0.63 (5.28%)

07:55
06/27/19
06/27
07:55
06/27/19
07:55
Initiation
SM Energy initiated  »

SM Energy initiated with…

03/08/13
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  • 13

    Nov

07:55
06/27/19
06/27
07:55
06/27/19
07:55
General news
Oil Action: WTI crude »

Oil Action: WTI crude…

ITRI

Itron

$60.88

0.48 (0.79%)

07:55
06/27/19
06/27
07:55
06/27/19
07:55
Conference/Events
Itron to host investor day »

Investor day to be held…

03/08/13
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  • 27

    Jun

XEC

Cimarex Energy

$57.17

1.64 (2.95%)

07:53
06/27/19
06/27
07:53
06/27/19
07:53
Initiation
Cimarex Energy initiated  »

Cimarex Energy initiated…

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  • 06

    Aug

COUP

Coupa Software

$119.01

-1.3 (-1.08%)

07:52
06/27/19
06/27
07:52
06/27/19
07:52
Recommendations
Coupa Software analyst commentary  »

Coupa Software price…

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  • 11

    Jul

LECO

Lincoln Electric

$79.77

0.1 (0.13%)

07:52
06/27/19
06/27
07:52
06/27/19
07:52
Downgrade
Lincoln Electric rating change  »

Lincoln Electric…

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EV

Eaton Vance

$42.13

0.455 (1.09%)

07:50
06/27/19
06/27
07:50
06/27/19
07:50
Conference/Events
Eaton Vance to hold a conference call »

Conference call to…

03/08/13
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LBC

Luther Burbank

$10.33

-0.13 (-1.24%)

07:50
06/27/19
06/27
07:50
06/27/19
07:50
Upgrade
Luther Burbank rating change at Sandler ONeill »

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QIWI

Qiwi

$20.29

0.54 (2.73%)

07:49
06/27/19
06/27
07:49
06/27/19
07:49
Hot Stocks
Qiwi appoints Vladislav Poshmorga as CFO »

QIWI announced the…

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KBH

KB Home

$23.58

-0.24 (-1.01%)

07:48
06/27/19
06/27
07:48
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07:48
Upgrade
KB Home rating change  »

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FIZZ

National Beverage

$42.28

-0.92 (-2.13%)

07:47
06/27/19
06/27
07:47
06/27/19
07:47
Recommendations
National Beverage analyst commentary  »

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HIVE

Aerohive

$4.44

1.26 (39.62%)

07:46
06/27/19
06/27
07:46
06/27/19
07:46
Downgrade
Aerohive rating change at Craig-Hallum »

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IMGN

ImmunoGen

$1.95

0.14 (7.73%)

07:45
06/27/19
06/27
07:45
06/27/19
07:45
Conference/Events
ImmunoGen to hold a conference call »

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  • 27

    Jun

ACRS

Aclaris Therapeutics

$4.45

0.06 (1.37%)

07:43
06/27/19
06/27
07:43
06/27/19
07:43
Downgrade
Aclaris Therapeutics rating change at SVB Leerink »

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APLS

Apellis

$23.45

-0.38 (-1.59%)

07:43
06/27/19
06/27
07:43
06/27/19
07:43
Hot Stocks
Apellis complete enrollment of Phase 3 APL-2 head-to-head study »

Apellis Pharmaceuticals…

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  • 09

    Sep

TRIP

TripAdvisor

$44.04

-0.47 (-1.06%)

07:41
06/27/19
06/27
07:41
06/27/19
07:41
Upgrade
TripAdvisor rating change  »

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PRIM

Primoris

$19.95

0.44 (2.26%)

07:40
06/27/19
06/27
07:40
06/27/19
07:40
Hot Stocks
Primoris announces industrial awards valued over $69M »

Primoris Services…

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