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F

Ford

$9.39

-0.04 (-0.42%)

11:10
09/12/19
09/12
11:10
09/12/19
11:10

Fair to acquire assets of Canvas from Ford Credit

Vehicle subscription app Fair announced that it will acquire the assets of Canvas, a vehicle subscription service and wholly owned subsidiary of Ford Motor Credit. "The agreement furthers Fair's leadership position in the vehicle subscription category, enabling the company to continue to accelerate consumer adoption and expansion throughout the U.S.," Fair stated. Customers will have the opportunity to join Fair at the end of their current vehicle subscription. Fair and Canvas will provide more details to Canvas subscribers directly, the company said. Terms of the sale are private.

  • 23

    Oct

F Ford
$9.39

-0.04 (-0.42%)

08/06/19
08/06/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Northrop Grumman (NOC) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Rajeev Lalwani citing his view that an opportunity for continued outperformance exists in Defense stocks. 2. Bancolombia (CIB) upgraded to Overweight from Neutral at JPMorgan and to Neutral from Underperform at Credit Suisse. 3. Ford (F) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Adam Jonas saying Ford's partnerships and "more focused" model lineup should keep its profitability "largely stable" through 2022. 4. Aimco (AIV) upgraded to Buy from Neutral at Mizuho with analyst Haendel St. Juste saying the company trades at a "two-turn multiple discount" to peers based on estimates 2020 funds from operations as well as a 10% discount to consensus net asset value versus peers' 2% premium. 5. EverQuote (EVER) upgraded to Outperform from Market Perform at Raymond James with analyst Aaron Kessler citing the company's "strong" Q2 results and outlook. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/06/19
RILY
09/06/19
NO CHANGE
Target $7.5
RILY
Buy
TeleNav could be attractive buyout candidate at these levels, says B. Riley FBR
While news that General Motors (GM) is introducing new in-vehicle technology provided by Google (GOOG, GOOGL) is "clearly disappointing," any potential financial impact to Telenav (TNAV) is unlikely to happen until fiscal 2022, B. Riley FBR analyst Josh Nichols tells investors in a research note. Further, the analyst believes TeleNav's revenue from GM is more likely to experience a gradual attrition over a number of years, giving the company a "long runway" to win additional business. Nichols lowered his price target for TeleNav shares to $7.50 from $10.50 but keeps a Buy rating on the name, believing most of the longer-term GM risk is already priced in, despite the eventual outcome remaining unclear. The stock closed Thursday down 45%, or $4.69, to $5.80. TeleNav's current enterprise value of approximately $150M could potentially be justified by Ford (F) alone, which accounted for $141M of billings in fiscal 2019, says Nichols. In addition, TeleNav has developed an array of automotive relationships expertise, and intellectual property, which "has value as well and could be attractive to potential buyers at these levels," contends the analyst.
09/10/19
FBCO
09/10/19
NO CHANGE
Target $12
FBCO
Outperform
Moody's downgrade not changing Ford story, says Credit Suisse
Credit Suisse analyst Dan Levy notes that Moody's downgraded the Ford corp. family rating to Ba1 from Baa3, putting it in high yield status, but argues that it does not change the Ford story for now. The analyst thinks the downgrade does little to affect Ford's ongoing business, as Ford still has more than ample liquidity, with $23B of cash on its balance sheet plus an $11.4B revolver, is still rated IG at S&P and Fitch, and Ford Credit's ratings were unchanged by Moody's. Rather, Levy thinks the core focus at Ford remains the path to profit recovery, which he continues to believe remains intact. He reiterates an Outperform rating and $12 price target on the shares.
09/10/19
BOFA
09/10/19
NO CHANGE
Target $13
BOFA
Buy
Ford downgrade by Moody's may be sign of things to come, says BofA/Merrill
BofA Merrill Lynch analyst John Murphy said Ford's corporate borrowing costs will likely remain unchanged in the near-term despite Moody's downgrade of the company's senior unsecured rating to Ba1, or a junk status, since Ford faces no significant near-term debt maturities. While the financial implications seem "somewhat de minimis at present," Moody's move on Ford's credit rating could be a harbinger of future downgrades for the company and even for the broader automotive value chain, particularly for those undergoing turnaround efforts, said Murphy. While he does not disagree with many of the concerns raised by Moody's, Murphy thinks Ford's dividend will be maintained for the foreseeable future and views the near-term product cycle as robust. He also believes improved execution and communication may help Ford's multiple to recover despite the "somewhat disappointing" downgrade news, leading Murphy to keep a Buy rating on Ford shares.

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TELNY

Telenor

$0.00

(0.00%)

06:15
10/17/19
10/17
06:15
10/17/19
06:15
Downgrade
Telenor rating change  »

Telenor downgraded to…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 23

    Oct

UN

Unilever; also tag UL

$59.71

1.25 (2.14%)

, UL

Unilever; also tag UN

$59.40

1 (1.71%)

06:14
10/17/19
10/17
06:14
10/17/19
06:14
Periodicals
Unilever cuts prices in U.S. amid shampoo rivalry with P&G, WSJ reports »

Unilever (UN, UL) CFO…

UN

Unilever; also tag UL

$59.71

1.25 (2.14%)

UL

Unilever; also tag UN

$59.40

1 (1.71%)

PG

Procter & Gamble

$116.77

0.3 (0.26%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 18

    Oct

  • 22

    Oct

NTRA

Natera

$36.30

-2.915 (-7.43%)

06:14
10/17/19
10/17
06:14
10/17/19
06:14
Syndicate
Natera 5.71M share Secondary priced at $35.00 »

The deal priced below the…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 17

    Oct

NTRA

Natera

$36.30

-2.915 (-7.43%)

06:14
10/17/19
10/17
06:14
10/17/19
06:14
Syndicate
Natera 5.714M share Secondary priced at $35.00 »

JPMorgan, Morgan Stanley,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 17

    Oct

NFLX

Netflix

$286.83

2.59 (0.91%)

, DIS

Disney

$130.95

1.18 (0.91%)

06:12
10/17/19
10/17
06:12
10/17/19
06:12
Downgrade
Macquarie downgrades Netflix to Neutral on slowing U.S. growth »

Macquarie analyst Tim…

NFLX

Netflix

$286.83

2.59 (0.91%)

DIS

Disney

$130.95

1.18 (0.91%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 24

    Oct

  • 24

    Oct

  • 29

    Oct

  • 07

    Nov

NFLX

Netflix

$286.83

2.59 (0.91%)

06:12
10/17/19
10/17
06:12
10/17/19
06:12
Recommendations
Netflix analyst commentary  »

Netflix remains long-term…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 29

    Oct

MUX

McEwen Mining

$1.50

0.015 (1.01%)

06:12
10/17/19
10/17
06:12
10/17/19
06:12
Hot Stocks
McEwen Mining reports Q3 production 45,930 gold equivalent ounces »

McEwen Mining reported…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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WLL

Whiting Petroleum

$6.65

-0.07 (-1.04%)

06:11
10/17/19
10/17
06:11
10/17/19
06:11
Upgrade
Whiting Petroleum rating change  »

Whiting Petroleum…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 18

    Oct

  • 06

    Nov

IGLD

Internet Gold

$18.90

(0.00%)

06:08
10/17/19
10/17
06:08
10/17/19
06:08
Hot Stocks
Internet Gold sees Searchlight Transaction closing on November 7 »

Internet Gold announced,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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STI

SunTrust

$68.28

0.23 (0.34%)

06:07
10/17/19
10/17
06:07
10/17/19
06:07
Earnings
SunTrust reports Q3 EPS $1.34, consensus $1.41 »

Reports Q3 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 17

    Oct

  • 12

    Nov

ERIC

Ericsson

$8.63

0.175 (2.07%)

06:07
10/17/19
10/17
06:07
10/17/19
06:07
Conference/Events
Ericsson to host investor update conference call »

Conference call to be…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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  • 17

    Oct

  • 17

    Oct

UNTY

Unity Bancorp

$21.12

-0.45 (-2.09%)

06:06
10/17/19
10/17
06:06
10/17/19
06:06
Earnings
Breaking Earnings news story on Unity Bancorp »

Unity Bancorp reports Q3…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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F

Ford

$9.06

-0.02 (-0.22%)

, AMZN

Amazon.com

$1,777.43

8.73 (0.49%)

06:06
10/17/19
10/17
06:06
10/17/19
06:06
Hot Stocks
Ford introduces North America's largest electric vehicle charging network »

Ford (F) is offering its…

F

Ford

$9.06

-0.02 (-0.22%)

AMZN

Amazon.com

$1,777.43

8.73 (0.49%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 18

    Oct

  • 23

    Oct

  • 24

    Oct

  • 27

    Oct

  • 29

    Oct

  • 21

    Nov

CREE

Cree

$47.37

-1.38 (-2.83%)

06:06
10/17/19
10/17
06:06
10/17/19
06:06
Recommendations
Cree analyst commentary  »

Cree guidance to miss…

03/08/13
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03/06/13
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  • 28

    Oct

  • 30

    Oct

WNS

WNS Holdings

$60.62

0.85 (1.42%)

06:04
10/17/19
10/17
06:04
10/17/19
06:04
Earnings
WNS Holdings sees FY20 adjusted EPS $2.93-$3.08, consensus $2.88 »

Sees FY20 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 17

    Oct

  • 22

    Oct

  • 11

    Nov

WNS

WNS Holdings

$60.62

0.85 (1.42%)

06:03
10/17/19
10/17
06:03
10/17/19
06:03
Earnings
WNS Holdings reports Q2 adjusted EPS 79c, consensus 67c »

Reports Q2 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 17

    Oct

  • 22

    Oct

  • 11

    Nov

CMA

Comerica

$65.50

-1.505 (-2.25%)

06:02
10/17/19
10/17
06:02
10/17/19
06:02
Downgrade
Comerica rating change  »

Comerica downgraded to…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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FNB

F.N.B.

$12.02

0.09 (0.75%)

06:01
10/17/19
10/17
06:01
10/17/19
06:01
Earnings
F.N.B. reports Q3 EPS 31c, consensus 29c »

Reports Q3 book value per…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 17

    Oct

  • 13

    Nov

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$298.46

-0.44 (-0.15%)

05:58
10/17/19
10/17
05:58
10/17/19
05:58
General news
Boris Johnson announces 'great new' Brexit deal »

Prime Minister of the…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$298.46

-0.44 (-0.15%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$298.46

-0.44 (-0.15%)

05:55
10/17/19
10/17
05:55
10/17/19
05:55
General news
European Commission President says Brexit deal has been reached »

President of the European…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$298.46

-0.44 (-0.15%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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WEGRY

Weir Group

$0.00

(0.00%)

05:51
10/17/19
10/17
05:51
10/17/19
05:51
Downgrade
Weir Group rating change  »

Weir Group downgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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SPHHF

Sophos Group

$0.00

(0.00%)

05:50
10/17/19
10/17
05:50
10/17/19
05:50
Downgrade
Sophos Group rating change  »

Sophos Group downgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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ASOMY

Asos

$0.00

(0.00%)

05:49
10/17/19
10/17
05:49
10/17/19
05:49
Upgrade
Asos rating change  »

Asos upgraded to Hold…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 21

    Oct

  • 22

    Oct

BC

Brunswick

$55.47

0.46 (0.84%)

05:48
10/17/19
10/17
05:48
10/17/19
05:48
Downgrade
Brunswick rating change  »

Brunswick downgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 24

    Oct

BBT

BB&T

$53.00

0.25 (0.47%)

05:47
10/17/19
10/17
05:47
10/17/19
05:47
Earnings
BB&T reports Q3 adj. EPS $1.07, consensus $1.03 »

Reports Q3 revenue $3B,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 17

    Oct

  • 08

    Nov

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