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F

Ford

$10.43

0.015 (0.14%)

, GM

General Motors

$39.21

-0.15 (-0.38%)

14:25
07/16/19
07/16
14:25
07/16/19
14:25

U.S. car makers open UAW contract talks as labor costs rise, WSJ reports

Major U.S. car makers are entering contract negotiations this week with the United Auto Workers with the goal of capping rising labor costs ahead of an industry downturn when nearly half their unionized employees haven't experienced one, the Wall Street Journal's Nora Naughton reports. Negotiators for Ford (F), General Motors (GM), and Fiat Chrysler (FCAU) intend to press for concessions on health care and want more flexibility in using temporary laborers, Naughton reports, citing people familiar with their bargaining strategy. GM and Ford also wish to address underused plants with the union, as both car makers continue to cut costs and move more resources into developing electric and self-driving cars, the author notes. The three companies combined employ almost 150,000 UAW-represented workers, and four-year labor deals for all three companies expire on September 14, the author says. Reference Link

F

Ford

$10.43

0.015 (0.14%)

GM

General Motors

$39.21

-0.15 (-0.38%)

FCAU

Fiat Chrysler

$13.61

-0.565 (-3.99%)

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    Oct

F Ford
$10.43

0.015 (0.14%)

07/03/19
MSCO
07/03/19
NO CHANGE
Target $10
MSCO
Equal Weight
Ford to begin pivot to battery electric vehicles this year, says Morgan Stanley
Morgan Stanley analyst Adam Jonas noted that Ford (F) does not currently sell any battery electric vehicles, or BEVs, but he thinks this is about to change, noting that the company will unveil a Mustang-inspired all-electric BEV later this year and is developing a BEV F-150 truck. He also believes Ford's ongoing strategic partnership discussions with Volkswagen (VWAGY) will give it an opportunity "to close the BEV gap," he tells investors. Jonas, who said a pivot to BEVs could be a risk to Ford's near-term earnings but a longer-term positive for the stock, keeps an Equal Weight rating and $10 price target on Ford shares.
07/15/19
RBCM
07/15/19
NO CHANGE
Target $11
RBCM
Sector Perform
RBC Capital positive on Ford's 'strategic' thinking of VW partnership on Argo
RBC Capital analyst Joseph Spak nudged his price target on Ford (F) to $11 from $10 after the company disclosed a Volkswagen (VWAGY) investment in its Argo AI and plans to use the latter's MEB platform to build a high volume EV for Europe beginning in 2023. The analyst says the announcement deserves credit for Ford management's strategic thinking, even though he questions the sustainability of that credit and whether it runs the risk of creating internal conflicts at Argo given that the two companies are now equal owners and have independent go-to-market plans. Spak maintains his Sector Perform rating on Ford.
06/27/19
06/27/19
INITIATION
Target $13

Outperform
Credit Suisse bullish on Ford, initiates with an Outperform
As previously reported, Credit Suisse analyst Dan Levy initiated Ford with an Outperform rating and $13 price target. The analyst acknowledges that Ford faces a number of risks ahead, as it redesigns its business to address profitability, while concurrently pursuing a longer-term reimagining of the business. Yet he sees upside for the stock, as there have been early signs of improvement with more to come.
06/27/19
06/27/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Tesla (TSLA) initiated with an Underperform at Credit Suisse while Ford (F) and General Motors (GM) initiated with an Outperform. 2. Take-Two (TTWO) initiated with a Buy at SunTrust. 3. Infinity Pharmaceuticals (INFI) initiated with an Outperform at Oppenheimer. 4. Nomad Foods (NOMD) initiated with a Buy at Goldman Sachs. 5. Schlumberger (SLB) initiated with a Buy at Gabelli. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
GM General Motors
$39.21

-0.15 (-0.38%)

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).
06/26/19
FBCO
06/26/19
INITIATION
Target $48
FBCO
Outperform
General Motors initiated with an Outperform at Credit Suisse
Credit Suisse initiated General Motors with an Outperform and $48 price target.
06/27/19
06/27/19
INITIATION
Target $48

Outperform
Credit Suisse bullish on General Motors, initiates with an Outperform
As previously reported, Credit Suisse analyst Dan Levy initiated General Motors with an Outperform rating and $48 price target. The analyst believes General Motors is "one of the best players" in his coverage in balancing the "near and far," and offering a compelling narrative on both fronts.
FCAU Fiat Chrysler
$13.61

-0.565 (-3.99%)

07/15/19
GSCO
07/15/19
INITIATION
GSCO
Sell
Fiat Chrysler initiated with a Sell at Goldman Sachs
Goldman Sachs analyst George Galliers initiated Fiat Chrysler with a Sell rating and a price target of EUR 11.5. The analyst says the company has outperformed its peers over the past 3 years thanks to its North America market strength, but sees the opportunity in that market as limited going forward. Galliers adds that Fiat Chrysler's EMEA challenges will "take time to resolve" and the volatility of its earnings in LatAm makes its progress "difficult to predict."
07/15/19
GSCO
07/15/19
INITIATION
GSCO
Sell
Fiat Chrysler initiated with a Sell at Goldman Sachs
07/16/19
07/16/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Fiat Chrysler (FCAU) initiated with a Sell at Goldman Sachs. 2. Slack Technologies (WORK) initiated with an Overweight at KeyBanc, an Equal Weight at Morgan Stanley, and a Neutral at Goldman Sachs as well as Credit Suisse. 3. Baytex Energy (BTE) initiated with an Outperform at Credit Suisse. 4. TowneBank (TOWN) assumed with a Neutral at Piper Jaffray. 5. Vermilion Energy (VET) initiated with an Outperform at Credit Suisse. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/19/19
NOMU
06/19/19
INITIATION
NOMU
Neutral
Fiat Chrysler reinstated with a Neutral at Nomura Instinet
Nomura Instinet analyst Anindya Das reinstated coverage of Fiat Chrysler with a Neutral rating and EUR 12.60 price target.

TODAY'S FREE FLY STORIES

CBS

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MYGN

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$25.36

2.14 (9.22%)

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CSCO

Cisco

$46.96

0.73 (1.58%)

, NTAP

NetApp

$46.75

0.33 (0.71%)

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CSCO

Cisco

$46.96

0.73 (1.58%)

NTAP

NetApp

$46.75

0.33 (0.71%)

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RDS.A

Royal Dutch Shell

$55.55

0.47 (0.85%)

, RDS.B

Royal Dutch Shell

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0.46 (0.83%)

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RDS.A

Royal Dutch Shell

$55.55

0.47 (0.85%)

RDS.B

Royal Dutch Shell

$55.56

0.46 (0.83%)

BP

BP

$36.27

0.22 (0.61%)

XOM

Exxon Mobil

$68.30

1.06 (1.58%)

CVX

Chevron

$115.79

0.08 (0.07%)

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TGT

Target

$84.20

1.67 (2.02%)

, WMT

Walmart

$112.99

0.32 (0.28%)

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Target

$84.20

1.67 (2.02%)

WMT

Walmart

$112.99

0.32 (0.28%)

GO

Grocery Outlet

$46.55

2.81 (6.42%)

03/08/13
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AEO

American Eagle

$15.40

0.63 (4.27%)

07:33
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Periodicals
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ANGI

Angi Homeservices

$8.18

-0.18 (-2.15%)

, MTCH

Match Group

$84.53

2.08 (2.52%)

07:27
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IAC (IAC) has rallied 34%…

ANGI

Angi Homeservices

$8.18

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MTCH

Match Group

$84.53

2.08 (2.52%)

IAC

IAC

$249.17

4.21 (1.72%)

03/08/13
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AAPL

Apple

$206.44

4.71 (2.33%)

, HAS

Hasbro

$114.29

1.13 (1.00%)

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On The Fly
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AAPL

Apple

$206.44

4.71 (2.33%)

HAS

Hasbro

$114.29

1.13 (1.00%)

MAT

Mattel

$10.74

(0.00%)

AGR

Avangrid

$49.29

0.37 (0.76%)

JPM

JPMorgan

$107.73

2.52 (2.40%)

BAC

Bank of America

$27.04

0.79 (3.01%)

C

Citi

$63.46

2.13 (3.47%)

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NCLH

Norwegian Cruise Line

$50.48

1.38 (2.81%)

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Norwegian Cruise Line CEO sells 25K shares of common stock »

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RM

Regional Management

$27.12

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RTN

Raytheon

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-0.42 (-0.24%)

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WEN

Wendy's

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BRY

Berry Petroleum

$8.59

0.39 (4.76%)

17:54
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CSWI

CSW Industrials

$70.20

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17:52
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CSW Industrials CEO sells 25K shares of common stock »

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OAS

Oasis Petroleum

$3.03

0.135 (4.66%)

17:49
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EE

El Paso Electric

$66.41

0.005 (0.01%)

17:45
08/16/19
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El Paso Electric director Wertheimer sells 25K shares of common stock »

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HON

Honeywell

$165.07

2.81 (1.73%)

17:42
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MBRX

Moleculin Biotech

$1.08

0.01 (0.93%)

17:37
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Earnings
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VIVE

Viveve

$0.13

0.0046 (3.59%)

17:35
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Breaking Syndicate news story on Viveve »

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PRGO

Perrigo

$46.21

0.535 (1.17%)

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  • 01

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UAL

United Continental

$82.96

1.36 (1.67%)

17:28
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MBIO

Mustang Bio

$3.88

0.19 (5.15%)

17:26
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Breaking Syndicate news story on Mustang Bio »

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  • 04

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BCLI

BrainStorm

$3.63

0.055 (1.54%)

17:24
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Breaking Syndicate news story on BrainStorm »

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WLK

Westlake Chemical

$61.27

0.66 (1.09%)

17:15
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17:15
Hot Stocks
Westlake Chemical raises quarterly dividend by 5% to 26.25c per share »

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GIG

GigCapital

$10.30

(0.00%)

17:10
08/16/19
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17:10
Hot Stocks
GigCapital receives noncompliance notice from NYSE »

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