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UTX

United Technologies

$141.32

3.08 (2.23%)

, BA

Boeing

$339.38

8.26 (2.49%)

14:09
10/22/19
10/22
14:09
10/22/19
14:09

United Tech sees no extra cut in Boeing 737 MAX production in 2019, Reuters says

United Technologies (UTX) CFO Akhil Johri said that the company anticipates Boeing (BA) will maintain production of its 737 MAX aircraft at the current rate for the rest of the year, Reuters' Ankit Ajmera reports. The executive's comments come a day after several analysts raised doubts about Boeing's ability to maintain its output rate of 42 planes per month amid uncertainty over the time frame for the 737 MAX's return to service, Ajmera notes. "We continue to work on a daily basis with Boeing," Johri told Reuters in an interview after results, noting that the company will get more clarity on Boeing's 2020 production plan by January. Reference Link

UTX

United Technologies

$141.32

3.08 (2.23%)

BA

Boeing

$339.38

8.26 (2.49%)

  • 22

    Oct

  • 23

    Oct

UTX United Technologies
$141.32

3.08 (2.23%)

09/17/19
BERN
09/17/19
NO CHANGE
Target $154
BERN
Market Perform
United Technologies price target raised to $154 from $143 at Bernstein
Bernstein analyst Douglas Harned raised his price target for United Technologies (UTX) to $154 from $143 as he sees the merger with Raytheon (RTN) transferring value from the latter to United Technologies at the agreed 43%/57% split. The analyst does not expect significant value creation from this deal, although not much value destruction either. He reiterates a Market Perform rating on United Technologies' stock.
10/03/19
FBCO
10/03/19
UPGRADE
Target $230
FBCO
Outperform
Credit Suisse upgrades Raytheon ahead of merger, boosts target to $230
Credit Suisse analyst Robert Spingarn upgraded Raytheon (RTN) to Outperform from Neutral and raised his price target for the shares to $230 from $188. The analyst believes United Technologies' (UTX) aerospace businesses are undervalued and that the market has yet to appropriately discount Raytheon's ~43.1% ownership of the proposed combined entity. Further, as standalone entity, Raytheon has very little net debt, which is a "significant positive" in the context of the pending merger with United Technologies' aerospace businesses, Spingarn tells investors in a research note.
10/03/19
FBCO
10/03/19
INITIATION
Target $164
FBCO
Outperform
United Technologies initiated with an Outperform at Credit Suisse
Credit Suisse analyst Robert Spingarn started United Technologies with an Outperform rating and $164 price target. The analyst sees "significant and durable value" in each of the company's business segments, and believes this remains underappreciated by the market.
10/03/19
10/03/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Incyte (INCY) initiated with a Buy at Mizuho. 2. Lyft (LYFT) and Uber (UBER) initiated with a Neutral at MKM Partners. 3. Arrowhead (ARWR) initiated with an Outperform at Baird. 4. United Technologies (UTX) initiated with an Outperform at Credit Suisse. 5. Ulta Beauty (ULTA) initiated with a Neutral at Goldman Sachs. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
BA Boeing
$339.38

8.26 (2.49%)

10/21/19
STFL
10/21/19
DOWNGRADE
Target $60
STFL
Hold
Stifel downgrades Southwest on risk of deal to lessen Boeing dependency
Stifel analyst Joseph DeNardi downgraded Southwest Airlines (LUV) to Hold from Buy with a price target of $60, down from $75. The stock in morning trading is up 7c to $53.55. Southwest is an all Boeing (BA) 737 airline, which makes its business model dependent on 737s, DeNardi tells investors in a research note. Southwest's decision to remove the 737 MAX from its schedule through early February, a "deteriorating" relationship between the Federal Aviation Administration and Boeing, and reports that Boeing may be looking at a 737 MAX rate cut indicate that Southwest "may be nearing a tipping point" where the duration of the MAX grounding pushes it to consider more significant and strategic solutions, including acquisitions, DeNardi contends. The analyst believes an acquisition by Southwest motivated by a desire to diversify away from the MAX "creates significant risks" in the near term for the company. DeNardi today also upgraded shares of JetBlue Airways (JBLU) to Buy from Hold.
10/21/19
STFL
10/21/19
UPGRADE
Target $24
STFL
Buy
JetBlue could be worth $28 in a takeout scenario, says Stifel
Stifel analyst Joseph DeNardi upgraded JetBlue to Buy from Hold with a price target of $24, up from $22. In a research note to investors, DeNardi says that a prolonged grounding of Boeing's (BA) 737 MAX is an "existential threat" to Southwest's (LUV) business model and that the "only reasonable option" Southwest has to address this risk is through an acquisition of JetBlue or Alaska Air (ALK). When combined with JetBlue's attractive CASMx story into 2020, the analyst now sees the increased likelihood of M&A as presenting a sufficiently attractive risk/reward setup to justify an upgrade. JetBlue could be worth $28 in a takeout scenario, DeNardi says. The Stifel analyst downgraded Southwest to Hold from Buy.
10/21/19
10/21/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Boeing (BA) downgraded to Neutral from Outperform at Credit Suisse and to Neutral from Buy at UBS. 2. Spirit AeroSystems (SPR) downgraded to Neutral from Buy at UBS with analyst Myles Walton citing Spirit's "outsized exposure" to Boeing's (BA) 737 Max program for the downgrade. 3. Gildan Activewear (GIL) downgraded to Hold from Buy at Edward Jones. 4. IBM (IBM) downgraded to Neutral from Buy at UBS with analyst Munjal Shah saying he believes it will be difficult for the company to achieve sustainable mid-single digit revenue growth. 5. Alcoa (AA) downgraded to Hold from Buy at Gabelli with analyst Justin Bergner saying Acloa's 12% two day post-earnings rally reflected better than expected proceeds from non-core asset sales and a view that estimates have bottomed. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/22/19
BUCK
10/22/19
NO CHANGE
Target $395
BUCK
Neutral
Buckingham no longer tactically bullish on Boeing amid continued negative news
Buckingham analyst Richard Safran continues to believe issues with Boeing's 737 MAX will be resolved and he sees a year end return to service for the aircraft. However, in light of continued negative news flow and increasingly negative investor sentiment, he has changed his view on the stock and is no longer tactically bullish. He keeps a Neutral rating and $395 price target on Boeing shares.

TODAY'S FREE FLY STORIES

NEWR

New Relic

$65.17

0.62 (0.96%)

, W

Wayfair

$82.03

-1.685 (-2.01%)

13:46
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Tiger Global adds New Relic, Wayfair and Beyond Meat during Q3 »

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NEWR

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W

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PLAN

Anaplan

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WORK

Slack Technologies

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BYND

Beyond Meat

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1.82 (2.30%)

PVTL

Pivotal Software

$15.00

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LK

Luckin Coffee

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0.105 (0.49%)

BABA

Alibaba

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FB

Facebook

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CVNA

Carvana

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RUN

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RNG

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FCAU

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SVMK

SurveyMonkey

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0.29 (1.77%)

SPOT

Spotify

$148.49

1.72 (1.17%)

STNE

StoneCo

$36.40

0.43 (1.20%)

RDFN

Redfin

$20.42

0.36 (1.79%)

03/08/13
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LIQT

LiqTech

$4.71

-2.4 (-33.76%)

13:44
11/14/19
11/14
13:44
11/14/19
13:44
Recommendations
LiqTech analyst commentary  »

LiqTech post-earnings…

03/08/13
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  • 14

    Nov

WB

Weibo

$44.06

-8.75 (-16.57%)

13:35
11/14/19
11/14
13:35
11/14/19
13:35
Downgrade
Weibo rating change  »

Weibo downgraded to…

03/08/13
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03/06/13
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  • 14

    Nov

DF

Dean Foods

$0.00

(0.00%)

13:32
11/14/19
11/14
13:32
11/14/19
13:32
Hot Stocks
Dean Foods receives court approval of 'first day' motions to support operations »

Dean Foods announced that…

03/08/13
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RETA

Reata Pharmaceuticals

$196.01

9.01 (4.82%)

13:28
11/14/19
11/14
13:28
11/14/19
13:28
Recommendations
Reata Pharmaceuticals analyst commentary  »

Reata Pharmaceuticals…

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  • 14

    Nov

13:28
11/14/19
11/14
13:28
11/14/19
13:28
Hot Stocks
Breaking Hot Stocks news story  »

TKK Symphony Acquisition…

WDC

Western Digital

$50.31

-0.75 (-1.47%)

13:25
11/14/19
11/14
13:25
11/14/19
13:25
Options
Western Digital call volume above normal and directionally bullish »

Bullish option flow…

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  • 14

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    Dec

13:23
11/14/19
11/14
13:23
11/14/19
13:23
Hot Stocks
Breaking Hot Stocks news story  »

TKK Symphony Acquisition…

GOOG

Alphabet

$1,309.36

11.75 (0.91%)

, GOOGL

Alphabet Class A

$1,308.00

12 (0.93%)

13:20
11/14/19
11/14
13:20
11/14/19
13:20
Hot Stocks
Google to no longer include contextual content categories in ad bid requests »

Alphabet's Google…

GOOG

Alphabet

$1,309.36

11.75 (0.91%)

GOOGL

Alphabet Class A

$1,308.00

12 (0.93%)

03/08/13
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  • 14

    Nov

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
11/14/19
11/14
13:17
11/14/19
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
11/14/19
11/14
13:16
11/14/19
13:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
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13:15
11/14/19
11/14
13:15
11/14/19
13:15
General news
NY Fed's Williams repeated the new mantra that the economy and policy are "in a good place," »

NY Fed's Williams…

RBBN

Ribbon Communications

$3.05

-1 (-24.69%)

13:13
11/14/19
11/14
13:13
11/14/19
13:13
Downgrade
Ribbon Communications rating change  »

Ribbon Communications…

03/08/13
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03/06/13
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JD

JD.com

$33.13

-0.23 (-0.69%)

, WVE

Wave Life Sciences

$27.77

-0.2 (-0.72%)

13:09
11/14/19
11/14
13:09
11/14/19
13:09
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

JD

JD.com

$33.13

-0.23 (-0.69%)

WVE

Wave Life Sciences

$27.77

-0.2 (-0.72%)

RYTM

Rhythm Pharmaceuticals

$21.49

0.35 (1.66%)

JCP

J.C. Penney

$1.09

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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  • 15

    Nov

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    Nov

  • 09

    Dec

NVDA

Nvidia

$207.78

-0.77 (-0.37%)

, AMAT

Applied Materials

$56.90

-0.23 (-0.40%)

13:09
11/14/19
11/14
13:09
11/14/19
13:09
Earnings
Notable companies reporting after market close »

Notable companies…

NVDA

Nvidia

$207.78

-0.77 (-0.37%)

AMAT

Applied Materials

$56.90

-0.23 (-0.40%)

WPM

Wheaton Precious Metals

$26.64

0.05 (0.19%)

DLB

Dolby

$65.71

0.01 (0.02%)

HP

Helmerich & Payne

$39.57

0.31 (0.79%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 14

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  • 14

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  • 03

    Dec

  • 04

    Dec

  • 05

    Dec

  • 09

    Dec

  • 09

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  • 12

    Dec

  • 13

    Dec

  • 06

    Jan

13:05
11/14/19
11/14
13:05
11/14/19
13:05
General news
Fed dove Bullard said policy is "considerably" more accommodative »

Fed dove Bullard said…

MDU

MDU Resources

$29.13

0.02 (0.07%)

13:02
11/14/19
11/14
13:02
11/14/19
13:02
Hot Stocks
MDU Resources increases quarterly dividend »

The MDU Resources Group…

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SSTI

ShotSpotter

$22.52

0.92 (4.26%)

13:01
11/14/19
11/14
13:01
11/14/19
13:01
Recommendations
ShotSpotter analyst commentary  »

ShotSpotter price target…

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NVDA

Nvidia

$208.11

-0.44 (-0.21%)

, AMZN

Amazon.com

$1,754.91

1.07 (0.06%)

13:00
11/14/19
11/14
13:00
11/14/19
13:00
On The Fly
Fly Intel: What to watch in Nvidia earnings report »

Nvidia (NVDA) is…

NVDA

Nvidia

$208.11

-0.44 (-0.21%)

AMZN

Amazon.com

$1,754.91

1.07 (0.06%)

INTC

Intel

$57.97

0.05 (0.09%)

VMW

VMware

$165.99

0.25 (0.15%)

03/08/13
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  • 14

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  • 09

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    Jan

BABA

Alibaba

$182.49

0.01 (0.01%)

13:00
11/14/19
11/14
13:00
11/14/19
13:00
Options
$5.5M buy in Alibaba calls possibly closes »

$5.5M buy in Alibaba…

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  • 19

    Nov

AMZN

Amazon.com

$1,754.00

0.16 (0.01%)

, GOOG

Alphabet

$1,306.86

9.25 (0.71%)

12:55
11/14/19
11/14
12:55
11/14/19
12:55
Conference/Events
House Committee on Small Business to hold a hearing »

The Committee holds a…

AMZN

Amazon.com

$1,754.00

0.16 (0.01%)

GOOG

Alphabet

$1,306.86

9.25 (0.71%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 14

    Nov

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  • 20

    Nov

TSLA

Tesla

$351.71

5.71 (1.65%)

12:49
11/14/19
11/14
12:49
11/14/19
12:49
Periodicals
Tesla's Model 3 and Model S regain Consumer Reports recommendation »

Two of Tesla's three…

03/08/13
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03/06/13
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03/06/13
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ALIM

Alimera Sciences

$0.28

0.0355 (14.75%)

12:46
11/14/19
11/14
12:46
11/14/19
12:46
Hot Stocks
Alimera says stock to begin trading on post-reverse split basis on Nov. 15 »

Alimera Sciences…

03/08/13
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03/08/13
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03/06/13
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03/06/13
Barclays

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FGEN

FibroGen

$34.67

0.09 (0.26%)

12:45
11/14/19
11/14
12:45
11/14/19
12:45
Options
FibroGen call volume above normal and directionally bullish »

Bullish option flow…

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

Sears

$0.00

(0.00%)

, SHLD

Sears

$0.00

(0.00%)

12:44
11/14/19
11/14
12:44
11/14/19
12:44
Periodicals
Sears laying off hundreds of corporate employees, Business Insider reports »

Sears is laying off…

SHLDQ

Sears

$0.00

(0.00%)

SHLD

Sears

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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