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AXL

American Axle

$6.35

-0.02 (-0.31%)

, DAN

Dana

$12.72

0.175 (1.40%)

07:26
09/03/19
09/03
07:26
09/03/19
07:26

Risk-on trade could benefit autos, says Credit Suisse

Credit Suisse analyst Dan Levy notes that with a tough August in the books, the challenged performance for auto stocks has been more a function of a challenged macro backdrop rather than any changes in auto industry fundamentals. In an environment where quality has been bid and deep cyclicals are out of favor, autos have not fared well, he contends. To the extent positive macro and a risk-on trade emerges, the analyst believes auto stocks could benefit - especially those which have been highly out of favor like American Axle (AXL), Dana (DAN), Delphi Technologies (DLPH). Yet beyond a potential near-term recovery, he believes auto stocks still must confront uncertainty around 2020.

AXL

American Axle

$6.35

-0.02 (-0.31%)

DAN

Dana

$12.72

0.175 (1.40%)

DLPH

Delphi Technologies

$13.23

0.14 (1.07%)

  • 11

    Sep

  • 11

    Sep

  • 23

    Sep

AXL American Axle
$6.35

-0.02 (-0.31%)

06/26/19
FBCO
06/26/19
INITIATION
Target $15
FBCO
Outperform
American Axle initiated with an Outperform at Credit Suisse
Credit Suisse initiated American Axle with an Outperform and $15 price target.
02/20/19
02/20/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Pfizer (PFE) resumed with a Neutral from Sell at Citi with analyst Andrew Baum saying the recent pullback in the stock, along with the 5%-8% 2019-2021 consensus estimate reductions, gives him the opportunity to close his Sell rating. 2. Transocean (RIG) and Diamond Offshore (DO) were upgraded to Overweight from Underweight at Barclays. 3. American Axle (AXL) upgraded to Buy from Neutral at BofA/Merrill with analyst John Murphy citing progress with restructuring, GM's (GM) truck cycle, and balance sheet deleveraging. 4. Credit Suisse (CS) upgraded to Hold from Sell at Berenberg. 5. Ipsen (IPSEY) upgraded to Neutral from Sell at Goldman Sachs with analyst Diana Na 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.
06/27/19
06/27/19
INITIATION
Target $15

Outperform
Credit Suisse bullish on American Axle, initiates with an Outperform
As previously reported, Credit Suisse analyst Dan Levy initiated American Axle with an Outperform rating and $15 price target. With one of the most inexpensive valuation multiples among auto stocks, the backdrop for the stock is one of "poor sentiment," he notes. Yet, the analyst sees reasons to be positive on American Axle stock, namely a positive inflection in data points in the second half of 2019, "solid and underappreciated" free cash flow generation, and its progress in an EV world.
02/20/19
BOFA
02/20/19
UPGRADE
BOFA
Buy
American Axle upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst John Murphy upgraded American Axle to Buy from Neutral with a $20 price target citing progress with restructuring, GM's truck cycle, and balance sheet deleveraging. Murphy expects the integration of MPG to realize benefits through 2019 and drive incremental cost and revenue synergies. The analyst also expects GM's truck launch to provide support and potential upside through 1H 2020 and for reasonably strong free cash flow to strengthen the balance sheet.
DAN Dana
$12.72

0.175 (1.40%)

08/01/19
LEHM
08/01/19
NO CHANGE
Target $24
LEHM
Overweight
Dana selloff yesterday an overreaction, says Barclays
Barclays analyst Brian Johnson views the post-earnings selloff yesterday in shares of Dana Incorporated as overreaction. The analyst appreciates that investors worry about declines in Class 8 truck in 2020, but he points out North America Class 8 is less than 10% of Dana's revenues. Further, the company's margins may hold up better than feared as premium costs roll off, Johnson tells investors in a research note. He continues to view Dana as a "high-quality, differentiated value play" in autos and reiterates an Overweight rating on the name with a $24 price target.
06/27/19
06/27/19
INITIATION
Target $22

Outperform
Credit Suisse bullish on Dana, initiates with an Outperform
As previously reported, Credit Suisse analyst Dan Levy initiated Dana with an Outperform and $22 price target. The analyst believes Dana has a solid strategy at an attractive price, with its strategy and narrative still underappreciated.
06/26/19
FBCO
06/26/19
INITIATION
Target $22
FBCO
Outperform
Dana initiated with an Outperform at Credit Suisse
Credit Suisse initiated Dana with an Outperform and $22 price target.
04/18/19
WOLF
04/18/19
DOWNGRADE
WOLF
Peer Perform
Dana downgraded to Peer Perform on valuation at Wolfe Research
Wolfe Research downgraded Dana to Peer Perform from Outperform with a $22 price target citing valuation and lowered estimates to reflect cyclical risks.
DLPH Delphi Technologies
$13.23

0.14 (1.07%)

06/27/19
06/27/19
INITIATION
Target $21

Neutral
Credit Suisse sees estimates downside, starts Delphi Technologies with Neutral
As previously reported, Credit Suisse analyst Dan Levy initiated Delphi Technologies a Neutral and $21 price target. The analyst sees opportunity related to the company's operational recovery, as well as long-term opportunity for growth given Delphi's product portfolio and robust order book. Nevertheless, he sees downside to 2020 consensus estimates given slightly negative top-line growth, and also as it will take time for operations to be fully improved.
06/13/19
GSCO
06/13/19
UPGRADE
Target $24
GSCO
Buy
Delphi Technologies upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst David Tamberrino upgraded Delphi Technologies to Buy from Neutral while lowering his price target for the shares to $24 from $25. New CEO Rick Dauch's more operationally focused initiatives should drive "idiosyncratic" margin and free cash flow expansion into 2020, Tamberrino tells investors in a research note. Further, the analyst believes the company could announce medium term targets along with its Q2 earnings. He sees 35% upside potential in Delphi Technologies shares.
06/13/19
06/13/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Delphi Technologies (DLPH) upgraded to Buy from Neutral at Goldman Sachs with analyst David Tamberrino saying new CEO Rick Dauch's more operationally focused initiatives should drive "idiosyncratic" margin and free cash flow expansion into 2020. 2. Williams-Sonoma (WSM) upgraded to Accumulate from Hold at Gordon Haskett with analyst Chuck Grom saying following the meetings, and based on more upbeat than expected results from peer RH (RH), he has a higher degree of confidence about both the company's near-term results and its long-term options. 3. Concert Pharmaceuticals (CNCE) upgraded to Buy from Neutral at Janney Montgomery Scott with analyst Esther Hong saying CTP-692 broadens Concert 's clinical pipeline. 4. CenterPoint Energy (CNP) upgraded to Buy on valuation at BofA/Merrill with analyst Julien Dumoulin-Smith citing "compelling" valuation. 5. HCP (HCP) upgraded to Outperform from Market Perform at Raymond James with analyst Jonathan Hughes citing relative valuation and size, development contributions visibility, and accelerating same-store NOI growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/26/19
FBCO
06/26/19
INITIATION
Target $21
FBCO
Neutral
Delphi Technologies initiated with a Neutral at Credit Suisse
Credit Suisse analyst Dan Levy initiated Delphi Technologies a Neutral and $21 price target.

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AKAM

Akamai

$90.95

-0.13 (-0.14%)

21:13
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  • 18

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DB

Deutsche Bank

$8.06

-0.125 (-1.53%)

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PRVB

Provention Bio

$9.70

0.33 (3.52%)

20:31
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DRI

Darden

$127.40

1.31 (1.04%)

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XGN

Exagen

$0.00

(0.00%)

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  • 19

    Sep

PING

Ping Identity

$0.00

(0.00%)

19:35
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  • 19

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CBS

CBS

$43.38

0.08 (0.18%)

, T

AT&T

$36.77

-0.39 (-1.05%)

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CBS

$43.38

0.08 (0.18%)

T

AT&T

$36.77

-0.39 (-1.05%)

VIA

Viacom

$27.94

-0.06 (-0.21%)

VIAB

Viacom

$25.77

0.02 (0.08%)

BTI

British American Tobacco

$36.90

0.06 (0.16%)

MO

Altria Group

$40.84

-0.47 (-1.14%)

PM

Philip Morris

$71.58

-0.4 (-0.56%)

IMBBY

Imperial Brands

$0.00

(0.00%)

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  • 23

    Oct

  • 12

    Nov

CRON

Cronos Group

$10.96

-0.205 (-1.84%)

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MLHR

Herman Miller

$44.48

-0.02 (-0.04%)

, SVRA

Savara

$2.49

-0.14 (-5.32%)

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MLHR

Herman Miller

$44.48

-0.02 (-0.04%)

SVRA

Savara

$2.49

-0.14 (-5.32%)

CBPO

China Biologic

$103.19

0.37 (0.36%)

NCR

NCR Corp.

$33.62

0.77 (2.34%)

MSFT

Microsoft

$138.53

1.13 (0.82%)

TNDM

TNDM

X

U.S. Steel

$12.45

-0.51 (-3.94%)

PRVB

Provention Bio

$9.70

0.33 (3.52%)

PAA

Plains All American

$21.87

-0.315 (-1.42%)

COST

Costco

$292.47

0.96 (0.33%)

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  • 19

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  • 23

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  • 01

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  • 21

    Oct

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    Oct

  • 27

    Oct

  • 05

    Nov

  • 19

    Sep

  • 19

    Sep

  • 19

    Sep

TECD

Tech Data

$103.32

-0.59 (-0.57%)

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T

AT&T

$36.77

-0.39 (-1.05%)

, DISH

Dish

$35.58

0.3 (0.85%)

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AT&T

$36.77

-0.39 (-1.05%)

DISH

Dish

$35.58

0.3 (0.85%)

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  • 23

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AGCO

Agco

$76.04

-0.16 (-0.21%)

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PBR

Petrobras

$14.63

-0.31 (-2.08%)

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CE

Celanese

$123.69

-0.28 (-0.23%)

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STI

SunTrust

$68.57

0.48 (0.70%)

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WBS

Webster Financial

$48.84

0.43 (0.89%)

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  • 18

    Sep

  • 13

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HSBC

HSBC

$38.19

-0.1 (-0.26%)

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  • 27

    Oct

HES

Hess Corp.

$66.91

-0.92 (-1.36%)

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  • 01

    Oct

  • 02

    Oct

CSCO

Cisco

$49.32

-0.1 (-0.20%)

, DDOG

Datadog

$0.00

(0.00%)

17:46
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CSCO

Cisco

$49.32

-0.1 (-0.20%)

DDOG

Datadog

$0.00

(0.00%)

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  • 10

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  • 13

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