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FLY

Fly Leasing

$17.16

0.24 (1.42%)

, EADSY

Airbus

$0.00

(0.00%)

07:04
07/08/19
07/08
07:04
07/08/19
07:04

Fly Leasing to sell 12 aircraft comprised of Airbus A320s, Boeing 737s

Fly Leasing (FLY) announced that it has contracted to sell a portfolio of 12 aircraft, comprised of Airbus (EADSY) A320s and Boeing (BA) 737s with an average age of eight years. Fly anticipates the sales will generate in excess of $125M of cash after repaying debt related to the aircraft and satisfying other transaction expenses. The sales are expected to be completed in the third quarter. Following the sales, FLY's fleet will comprise 86 aircraft with a weighted average age of approximately seven years and on lease to 39 airlines in 21 countries.

FLY

Fly Leasing

$17.16

0.24 (1.42%)

EADSY

Airbus

$0.00

(0.00%)

BA

Boeing

$355.96

1.97 (0.56%)

  • 09

    Jul

  • 24

    Jul

  • 22

    Aug

FLY Fly Leasing
$17.16

0.24 (1.42%)

04/08/19
GSCO
04/08/19
INITIATION
Target $20
GSCO
Buy
Fly Leasing initiated with a Buy at Goldman Sachs
Goldman Sachs analyst Catherine O'Brien started Fly Leasing with a Buy rating and $20 price target. The analyst expects changes to the company's business model to drive higher margins than it has produced historically, which she thinks is underappreciated by the market. She sees 36% upside in the shares over the next 12 months.
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.
BA Boeing
$355.96

1.97 (0.56%)

07/01/19
JPMS
07/01/19
NO CHANGE
Target $430
JPMS
Overweight
JPMorgan now assumes MAX deliveries will begin in December
Prior to the last week's delay, JPMorgan analyst Seth Seifman thought Boeing (BA) would resume MAX deliveries in October, possibly sooner. However, with the Federal Aviation Administration now requiring Boeing to modify the Flight Control computer, the analyst sees "heightened risk" around the timing. As such, the analyst delayed MAX deliveries to December and changed his estimates for both Boeing and Spirit AeroSystems (SPR). More delays could ultimately force another production cut, Seifman tells investors in a research note. The analyst says that while the MAX will "distort results" for Boeing through 2020, he still sees "sustainable" free cash flow of over $30 per share. That's the basis for his Overweight rating on the stock with a $430 price target. Seifman keeps a Neutral rating on Spirit with a $93 price target.
07/02/19
JEFF
07/02/19
NO CHANGE
JEFF
Buy
Boeing removed from Franchise Pick List at Jefferies
Jefferies analyst Sheila Kahyaoglu removed Boeing from her firm's Franchise Pick List while maintaining a Buy rating on the shares. While the longer term Boeing story has changed much in the wake of the MAX issues, the software fixes requested by the Federal Aviation Administration last week likely mean that MAX deliveries won't restart until late 2019, Kahyaoglu tells investors in a research note. Further, she notes that while Boeing shares are off year-to-date highs, they are still up about 80% in the last 24 months. Delivery delays could mean near-term catalysts "are scarce," contends Kahyaoglu.
07/02/19
JEFF
07/02/19
DOWNGRADE
Target $85
JEFF
Hold
Jefferies downgrades Spirit AeroSystems to Hold on 737 Max uncertainty
Jefferies analyst Sheila Kahyaoglu downgraded Spirit AeroSystems to Hold from Buy and lowered her price target for the shares to $85 from $106. The shares have "limited upside" given that the MAX plane represents ~50% of revenue, Kahyaoglu tells investors in a research note. The analyst cut her 2019 and 2020 earnings per share estimates to $6.90 and $7.25 from $7.10 and $7.70, respectively, to account for fewer 737 MAX shipset deliveries. Her prior estimate had 737 MAX production stepping up to 57 per month for Spirit in mid-2020, which she now shifted to the start of 2021. The shift in the estimates is a result of the Federal Aviation Administration notifying Boeing (BA) of additional software changes to flight controls on June 26, Kahyaoglu notes.
07/03/19
STFL
07/03/19
NO CHANGE
Target $90
STFL
Buy
Delta one of biggest beneficiaries of longer MAX grounding, says Stifel
Stifel analyst Joseph DeNardi noted that Delta's (DAL) updated Q2 guidance yesterday was "strong across the board," pointing out that domestic load factor for the quarter of 89% benefited from the fact that the grounding of Boeing's (BA) MAX fleet is keeping industry capacity growth constrained. He sees Delta as one of the biggest beneficiaries, second only to Spirit Airlines (SAVE) and Alaska Air (ALK), as the grounding extends further out given the company's lack of exposure and the industry's competitive capacity dynamics. DeNardi maintains a Buy rating and $90 price target on Delta shares.

TODAY'S FREE FLY STORIES

NGG

National Grid

$51.92

-0.02 (-0.04%)

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IRDM

Iridium

$24.15

0.43 (1.81%)

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IPG

Interpublic Group

$22.78

-0.01 (-0.04%)

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REAL

RealReal

$24.84

0.69 (2.86%)

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    Aug

PNR

Pentair

$37.59

0.21 (0.56%)

07:07
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Earnings
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  • 23

    Jul

ENGIY

Engie SA

$0.00

(0.00%)

07:07
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07:07
Upgrade
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IRDM

Iridium

$24.15

0.43 (1.81%)

07:06
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Earnings
Iridium reports Q2 EPS (16c), consensus (19c) »

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  • 23

    Jul

PNR

Pentair

$37.59

0.21 (0.56%)

07:06
07/23/19
07/23
07:06
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07:06
Earnings
Pentair updates FY19 adjusted EPS view to approx. $2.35 from $2.30-$2.35 »

Consensus is $2.31.…

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  • 23

    Jul

ZION

Zions Bancorp

$45.16

-0.95 (-2.06%)

07:06
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Zions Bancorp analyst commentary  »

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HBCP

Home Bancorp

$36.17

0.39 (1.09%)

07:06
07/23/19
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Earnings
Home Bancorp reports Q2 EPS 71c, consensus 76c »

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ASTE

Astec

$31.16

0.38 (1.23%)

, VMI

Valmont

$127.99

-1.03 (-0.80%)

07:06
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07/23
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07:06
Hot Stocks
Astec appoints Barry Ruffalo as president, CEO »

Astec Industries(ASTE) …

ASTE

Astec

$31.16

0.38 (1.23%)

VMI

Valmont

$127.99

-1.03 (-0.80%)

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  • 23

    Jul

  • 24

    Jul

UTX

United Technologies

$132.94

0.57 (0.43%)

07:05
07/23/19
07/23
07:05
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07:05
Earnings
United Technologies raises FY19 adj. EPS view to $7.90-$8.05 from $7.80-$8.00 »

Consensus $7.97. Narrows…

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  • 23

    Jul

DNNGY

Orsted A/S

$0.00

(0.00%)

07:05
07/23/19
07/23
07:05
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07:05
Downgrade
Orsted A/S rating change  »

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SHW

Sherwin-Williams

$454.62

-1.9 (-0.42%)

07:05
07/23/19
07/23
07:05
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07:05
Earnings
Sherwin-Williams reaffirms FY19 adj. EPS view $20.40-$21.40, consensus $20.94 »

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  • 23

    Jul

  • 01

    Aug

  • 06

    Aug

07:05
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General news
FX Update: The dollar has posted fresh highs »

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JBLU

JetBlue

$18.96

0.05 (0.26%)

, EADSY

Airbus

$0.00

(0.00%)

07:04
07/23/19
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07:04
Earnings
JetBlue sees achieving $2.50-$3.00 EPS target for 2020, consensus $2.39 »

JetBlue CEO Robin Hayes…

JBLU

JetBlue

$18.96

0.05 (0.26%)

EADSY

Airbus

$0.00

(0.00%)

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  • 23

    Jul

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TXRH

Texas Roadhouse

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  • 29

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SZEVY

Suez

$0.00

(0.00%)

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KO

Coca-Cola

$51.25

-0.15 (-0.29%)

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  • 23

    Jul

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ASTE

Astec

$31.16

0.38 (1.23%)

07:04
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Earnings
Astec reports Q2 adjusted EPS 36c, consensus 41c »

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  • 23

    Jul

JBLU

JetBlue

$18.96

0.05 (0.26%)

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  • 23

    Jul

KEY

KeyCorp

$17.37

-0.08 (-0.46%)

07:03
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Earnings
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  • 23

    Jul

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SHW

Sherwin-Williams

$454.62

-1.9 (-0.42%)

07:03
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  • 23

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KO

Coca-Cola

$51.25

-0.15 (-0.29%)

07:03
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Earnings
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  • 23

    Jul

  • 19

    Sep

JBLU

JetBlue

$18.96

0.05 (0.26%)

07:02
07/23/19
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Earnings
JetBlue reports Q2 adjusted EPS 60c, consensus 57c »

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  • 23

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