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SPR

Spirit AeroSystems

$79.73

1.16 (1.48%)

, EADSY

Airbus

$0.00

(0.00%)

06:09
06/18/19
06/18
06:09
06/18/19
06:09

Spirit AeroSystems announces role across four projects on Airbus program

Spirit AeroSystems (SPR) announced its role on the Airbus (EADSY) Wing of Tomorrow program, contributing across four technology projects supporting commercial aviation applications. Led by efforts at the company's Prestwick, Scotland, site, Spirit will develop solutions essential for the fabrication and assembly of leading edges, wing boxes and lower wing covers. The projects supporting Wing of Tomorrow are jointly funded by Spirit and the U.K. Government through the Aerospace Technology Institute, or ATI, Programme, in close collaboration with Airbus, the National Composites Centre, the Advanced Forming Research Centre and the Advanced Manufacturing Research Centre. The ATI Programme is managed by the Aerospace Technology Institute with the U.K.'s Department for Business, Energy and Industrial Strategy and Innovate U.K.

SPR

Spirit AeroSystems

$79.73

1.16 (1.48%)

EADSY

Airbus

$0.00

(0.00%)

SPR Spirit AeroSystems
$79.73

1.16 (1.48%)

04/08/19
ADAM
04/08/19
DOWNGRADE
Target $92
ADAM
Hold
Spirit AeroSystems downgraded to Hold from Buy at Canaccord
Canaccord analyst Ken Herbert downgraded Spirit AeroSystems (SPR) to Hold from Buy and lowered his price target to $92 from $100 after Boeing (BA) announced that it is lowering 737 production levels to 42 per month starting in mid-April. In a research note to investors, Herbert says that while Spirit has said it will continue to produce at a rate of 52 per month, he feels the slight adjustment adds incremental margin and free cash flow pressure in 2019, and believes the 737 MAX grounding will contribute to near-term headline risk.
06/14/19
RHCO
06/14/19
DOWNGRADE
Target $75
RHCO
Sell
Spirit AeroSystems downgraded to Sell from Hold at SunTrust
SunTrust analyst Michael Ciarmoli downgraded Spirit AeroSystems to Sell from Hold and lowered his price target for the shares to $75 from $93.
06/14/19
06/14/19
DOWNGRADE

Hold
Astronics, Barnes Group, Ducommun, Woodward, Spirit Aero downgraded at SunTrust
As previously reported, SunTrust analyst Michael Ciarmoli downgraded Astronics (ATRO) to Sell, Barnes Group (B) to Sell, Ducommun (DCO) to Hold, Woodward (WWD) to Hold, and Spirit Aerosystems to Sell as part of his broader Aerospace research note highlighting the "ongoing" Boeing (BA) 737 Max uncertainty. The analyst says the risks related to the aircraft production will "ripple across the sector" over the next 12-24 months and spark outlook revisions for the supply chain in 2019-2020. Ciarmoli believes however that the downgrade will be "short term" in nature until there is better clarity around the timing of 737 Max certification, resumption of flight, and future production rates. The analyst's price target reductions on the supplier are as follows: Astronics down to $36 from $41, Barnes Group to $48 from $53, Ducommun to $48 from $54, Spirit Aerosystems to $75 from $93, and Woodward to $110 from $118.
06/14/19
06/14/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Transocean (RIG) downgraded to Neutral from Buy at Citi with analyst Scott Gruber saying his organic cash burn analysis implies the drillers will burn cash until "at least" 2021. 2. CommScope (COMM) downgraded to Outperform from Strong Buy at Raymond James with analyst Simon Leopold saying he is concerned that performance of the acquired ARRIS business will be worse than expected. 3. Spirit AeroSystems (SPR), Astronics (ATRO), and Barnes Group (B) were downgraded to Sell from Hold at SunTrust while Woodward (WWD) and Ducommun (DCO) were downgraded to Hold from Buy. 4. Melinta Therapeutics (MLNT) downgraded to Underweight from Neutral at JPMorgan with analyst Eric Joseph saying while a market cap valuation of $20M-25M "begs the questions of whether shares have yet reached bottom," he believes the answer is "no." 5. Ashland (ASH) downgraded to Neutral from Overweight at JPMorgan with analyst Jeffrey Zekauskas citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
EADSY Airbus
$0.00

(0.00%)

10/23/18
FBCO
10/23/18
UPGRADE
FBCO
Outperform
Airbus upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse analyst Olivier Brochet upgraded Airbus to Outperform and raised his price target for the shares to EUR 120 from EUR 110.
10/23/18
FBCO
10/23/18
UPGRADE
FBCO
Outperform
Airbus upgraded to Outperform from Neutral at Credit Suisse
03/13/19
LOOP
03/13/19
NO CHANGE
Target $78
LOOP
Hold
Hexcel may not benefit from aircraft order shift to Airbus, says Loop Capital
Loop Capital analyst Chris Kapsch kept his Hold rating and $78 price target on Hexcel (HXL) in the wake of the Boeing (BA) 737max crisis. The analyst states that the issue appears to be around the plane's software/avionics, with nothing problematic with the composite-intensive plane structure or its engines, but believes that the flight halt by global airlines creates an "adverse sentiment for the entire commercial aero supply chain". While Hexcel is also a supplier for Airbus' (EADSY) A320neo jet, the shift in demand for that aircraft may not balance out the Boeing headwinds in the near term since the production capacity for the A320 remains constrained, Kapsch tells investors.
05/08/19
GSCO
05/08/19
UPGRADE
GSCO
Neutral
Airbus upgraded to Neutral from Sell at Goldman Sachs
Goldman Sachs upgraded Airbus to Neutral from Sell saying the stock's risk/reward is balanced following the recent underperformance.

TODAY'S FREE FLY STORIES

SPY

SPDR S&P 500 ETF Trust

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SPDR S&P 500 ETF Trust

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LOGC

LogicBio Therapeutics

$12.55

0.41 (3.38%)

14:26
07/15/19
07/15
14:26
07/15/19
14:26
Conference/Events
LogicBio Therapeutics management to meet with Jefferies »

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QURE

uniQure

$68.66

-1.74 (-2.47%)

14:25
07/15/19
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14:25
07/15/19
14:25
Options
uniQure call volume above normal and directionally bullish »

Bullish option flow…

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AVGO

Broadcom

$290.65

5.26 (1.84%)

, SYMC

Symantec

$21.78

-3.78 (-14.79%)

14:21
07/15/19
07/15
14:21
07/15/19
14:21
Periodicals
Broadcom still keen to find solution as Symantec bid stalls over price, FT says »

Broadcom's (AVGO)…

AVGO

Broadcom

$290.65

5.26 (1.84%)

SYMC

Symantec

$21.78

-3.78 (-14.79%)

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$NSD

NASDAQ Market Internals

$0.00

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14:17
07/15/19
07/15
14:17
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14:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
07/15/19
07/15
14:16
07/15/19
14:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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KKR

KKR

$26.49

-0.32 (-1.19%)

14:15
07/15/19
07/15
14:15
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14:15
Options
KKR put volume heavy and directionally bearish »

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  • 25

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14:15
07/15/19
07/15
14:15
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14:15
General news
Fed funds futures are fractionally higher »

Fed funds futures are…

FB

Facebook

$203.96

-0.945 (-0.46%)

, BTC

Bitcoin

$0.00

(0.00%)

14:14
07/15/19
07/15
14:14
07/15/19
14:14
Hot Stocks
Mnuchin says Trump has cryptocurrency concerns, won't target a specific provider »

Asked about President…

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Facebook

$203.96

-0.945 (-0.46%)

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C

Citi

$71.87

0.12 (0.17%)

14:11
07/15/19
07/15
14:11
07/15/19
14:11
Hot Stocks
Citi reports June credit loss rate 2.56% vs. 2.74% last month »

Reports June 30-plus day…

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  • 15

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FB

Facebook

$203.77

-1.135 (-0.55%)

14:09
07/15/19
07/15
14:09
07/15/19
14:09
Hot Stocks
Breaking Hot Stocks news story on Facebook »

Mnuchin says Facebook…

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  • 16

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FB

Facebook

$203.81

-1.095 (-0.53%)

, BTC

Bitcoin

$0.00

(0.00%)

14:07
07/15/19
07/15
14:07
07/15/19
14:07
Hot Stocks
Mnuchin says Treasury has 'serious concerns' about Facebook's Libra, bitcoin »

Treasury Secretary Steven…

FB

Facebook

$203.81

-1.095 (-0.53%)

BTC

Bitcoin

$0.00

(0.00%)

BITCOIN

Bitcoin

$0.00

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  • 16

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SCHW

Charles Schwab

$40.49

0.47 (1.17%)

14:05
07/15/19
07/15
14:05
07/15/19
14:05
Options
Charles Schwab call volume above normal and directionally bullish »

Bullish option flow…

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  • 19

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CSGP

CoStar Group

$583.45

-3.56 (-0.61%)

14:05
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Hot Stocks
CoStar Group signs agreement with Behar Group Realty »

CoStar Group is pleased…

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  • 23

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HTGC

Hercules Capital

$12.96

-0.02 (-0.15%)

14:00
07/15/19
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14:00
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14:00
Hot Stocks
Hercules Capital reports separation agreement with Manuel Henriquez »

In a regulatory filing…

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  • 01

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GLPG

Galapagos

$170.88

25.21 (17.31%)

13:59
07/15/19
07/15
13:59
07/15/19
13:59
Downgrade
Galapagos rating change at Raymond James »

Galapagos downgraded to…

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  • 26

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  • 09

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LVMUY

LVMH

$0.00

(0.00%)

13:52
07/15/19
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13:52
07/15/19
13:52
Hot Stocks
LVMH announces partnership with Stella McCartney »

Stella McCartney and LVMH…

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  • 24

    Jul

SCHW

Charles Schwab

$40.49

0.47 (1.17%)

13:51
07/15/19
07/15
13:51
07/15/19
13:51
Recommendations
Charles Schwab analyst commentary  »

Wells says Schwab deal…

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  • 19

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AMC

AMC Entertainment

$9.45

(0.00%)

13:45
07/15/19
07/15
13:45
07/15/19
13:45
Options
AMC Entertainment call volume above normal and directionally bullish »

Bullish option flow…

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  • 05

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SPY

SPDR S&P 500 ETF Trust

$300.31

-0.37 (-0.12%)

, SPX

S&P 500

$0.00

(0.00%)

13:43
07/15/19
07/15
13:43
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13:43
Periodicals
Trump ponders firing Commerce Secretary Wilbur Ross, NBC News says »

According to an earlier…

SPY

SPDR S&P 500 ETF Trust

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-0.37 (-0.12%)

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S&P 500

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MDCO

The Medicines Co.

$36.65

-0.03 (-0.08%)

13:35
07/15/19
07/15
13:35
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13:35
Options
Medicines Company put volume heavy and directionally bearish »

Bearish flow noted in…

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NTGN

Neon Therapeutics

$4.61

0.3 (6.96%)

13:30
07/15/19
07/15
13:30
07/15/19
13:30
Recommendations
Neon Therapeutics analyst commentary at Mizuho »

Neon Therapeutics'…

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  • 09

    Sep

SYMC

Symantec

$21.73

-3.83 (-14.98%)

, AVGO

Broadcom

$289.18

3.79 (1.33%)

13:27
07/15/19
07/15
13:27
07/15/19
13:27
Periodicals
Broadcom was willing to pay up $28.25 per share for Symantec, Reuters reports »

Symantec (SYMC) walked…

SYMC

Symantec

$21.73

-3.83 (-14.98%)

AVGO

Broadcom

$289.18

3.79 (1.33%)

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CARA

Cara Therapeutics

$25.55

1.25 (5.14%)

13:25
07/15/19
07/15
13:25
07/15/19
13:25
Options
Cara Therapeutics call volume above normal and directionally bullish »

Bullish option flow…

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