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BA

Boeing

$337.45

6.33 (1.91%)

07:31
10/23/19
10/23
07:31
10/23/19
07:31

Boeing reports Q3 total backlog of $470B, including 5,500 commercial airplanes

  • 23

    Oct

BA Boeing
$337.45

6.33 (1.91%)

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

06:35
11/18/19
11/18
06:35
11/18/19
06:35
General news
FX Update: Sterling has rallied on weekend polls »

FX Update: Sterling has…

AL

Air Lease

$45.48

0.36 (0.80%)

, EADSY

Airbus

$0.00

(0.00%)

06:35
11/18/19
11/18
06:35
11/18/19
06:35
Hot Stocks
Air Lease announces lease placement of six Airbus A321-200 with Air Transat »

Air Lease (AL) announced…

AL

Air Lease

$45.48

0.36 (0.80%)

EADSY

Airbus

$0.00

(0.00%)

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TNK

Teekay Tankers

$2.39

0.155 (6.94%)

06:34
11/18/19
11/18
06:34
11/18/19
06:34
Upgrade
Teekay Tankers rating change  »

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AERI

Aerie Pharmaceuticals

$18.93

0.715 (3.93%)

06:33
11/18/19
11/18
06:33
11/18/19
06:33
Hot Stocks
Aerie Pharmaceuticals to acquire Avizorex Pharma, S.L. in all-cash deal »

Aerie Pharmaceuticals…

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OC

Owens Corning

$65.18

0.225 (0.35%)

06:32
11/18/19
11/18
06:32
11/18/19
06:32
Upgrade
Owens Corning rating change  »

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MRK

Merck

$84.89

0.33 (0.39%)

, BAYRY

Bayer

$0.00

(0.00%)

06:32
11/18/19
11/18
06:32
11/18/19
06:32
Hot Stocks
Merck, Bayer's vericiguat meets primary endpoint in Phase 3 study »

Merck (MRK) announced…

MRK

Merck

$84.89

0.33 (0.39%)

BAYRY

Bayer

$0.00

(0.00%)

03/08/13
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  • 18

    Nov

  • 07

    Dec

  • 10

    Dec

  • 24

    Jan

  • 24

    Jan

  • 05

    Feb

  • 14

    Mar

ATTO

Atento

$2.83

0.04 (1.43%)

06:32
11/18/19
11/18
06:32
11/18/19
06:32
Conference/Events
Atento to host investor day »

Investor day to be held…

03/08/13
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03/08/13
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03/06/13
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  • 18

    Nov

AERI

Aerie Pharmaceuticals

$18.93

0.715 (3.93%)

06:30
11/18/19
11/18
06:30
11/18/19
06:30
Hot Stocks
Breaking Hot Stocks news story on Aerie Pharmaceuticals »

Aerie Pharmaceuticals to…

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

Keysight Technologies

$109.08

2.26 (2.12%)

06:30
11/18/19
11/18
06:30
11/18/19
06:30
Initiation
Keysight Technologies initiated  »

Keysight Technologies…

03/08/13
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03/08/13
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03/06/13
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  • 26

    Nov

BRP

BRP Group

$17.47

-0.03 (-0.17%)

06:29
11/18/19
11/18
06:29
11/18/19
06:29
Initiation
BRP Group initiated  »

BRP Group initiated with…

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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SURF

Surface Oncology

$1.80

-0.05 (-2.70%)

06:28
11/18/19
11/18
06:28
11/18/19
06:28
Conference/Events
Surface Oncology to host analyst & investor day »

Analyst & Investor…

03/08/13
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03/08/13
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03/06/13
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  • 18

    Nov

MGY

Magnolia Oil & Gas

$11.69

0.07 (0.60%)

06:28
11/18/19
11/18
06:28
11/18/19
06:28
Initiation
Magnolia Oil & Gas initiated  »

Magnolia Oil & Gas…

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

Apple

$265.73

3.07 (1.17%)

, SSNLF

Samsung

$0.00

(0.00%)

06:27
11/18/19
11/18
06:27
11/18/19
06:27
Periodicals
Apple expected to capture top spot in 5G smartphone race in 2020, DigiTimes says »

Apple (AAPL) is expected…

AAPL

Apple

$265.73

3.07 (1.17%)

SSNLF

Samsung

$0.00

(0.00%)

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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ANCN

Anchiano Therapeutics

$1.93

-0.32 (-14.22%)

06:26
11/18/19
11/18
06:26
11/18/19
06:26
Downgrade
Anchiano Therapeutics rating change  »

Anchiano Therapeutics…

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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LEG

Leggett & Platt

$53.36

0.16 (0.30%)

06:26
11/18/19
11/18
06:26
11/18/19
06:26
Conference/Events
Leggett & Platt to host investor day »

Investor day to be held…

03/08/13
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03/08/13
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03/06/13
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  • 18

    Nov

  • 19

    Nov

SRPT

Sarepta

$97.42

-0.03 (-0.03%)

, SLDB

Solid Biosciences

$3.51

0.37 (11.78%)

06:26
11/18/19
11/18
06:26
11/18/19
06:26
Recommendations
Sarepta, Solid Biosciences analyst commentary  »

Sarepta price target…

SRPT

Sarepta

$97.42

-0.03 (-0.03%)

SLDB

Solid Biosciences

$3.51

0.37 (11.78%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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AAPL

Apple

$265.73

3.07 (1.17%)

06:25
11/18/19
11/18
06:25
11/18/19
06:25
Periodicals
Apple's iPhone 11 showing early success in China, Bloomberg reports »

Apple's iPhone 11 is…

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

BRP Group

$17.47

-0.03 (-0.17%)

06:25
11/18/19
11/18
06:25
11/18/19
06:25
Initiation
BRP Group initiated  »

BRP Group initiated with…

03/08/13
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03/06/13
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SI

Silvergate Capital

$15.11

-0.49 (-3.14%)

06:25
11/18/19
11/18
06:25
11/18/19
06:25
Initiation
Silvergate Capital initiated  »

Silvergate Capital…

03/08/13
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WE

We Company

$0.00

(0.00%)

06:23
11/18/19
11/18
06:23
11/18/19
06:23
Periodicals
WeWork plans to cut thousands from its workforce, NY Times reports »

WeWork is planning on…

03/08/13
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03/06/13
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03/06/13
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TGB

Taseko Mines

06:22
11/18/19
11/18
06:22
11/18/19
06:22
Downgrade
Taseko Mines rating change  »

Taseko Mines downgraded…

03/08/13
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03/06/13
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WRK

WestRock

$39.50

-0.52 (-1.30%)

06:22
11/18/19
11/18
06:22
11/18/19
06:22
Upgrade
WestRock rating change  »

WestRock upgraded to Buy…

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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CBS

CBS

$38.56

0.94 (2.50%)

, VIA

Viacom

$26.59

1.28 (5.06%)

06:22
11/18/19
11/18
06:22
11/18/19
06:22
Recommendations
CBS, Viacom, Viacom analyst commentary  »

CBS, Viacom risk/rewards…

CBS

CBS

$38.56

0.94 (2.50%)

VIA

Viacom

$26.59

1.28 (5.06%)

VIAB

Viacom

$23.07

0.59 (2.62%)

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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  • 09

    Dec

BX

Blackstone

$52.53

-0.085 (-0.16%)

06:21
11/18/19
11/18
06:21
11/18/19
06:21
Periodicals
Blackstone continuing takeover talks with Japan's Unizo Holdings, Reuters says »

Blackstone will continue…

03/08/13
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03/06/13
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03/06/13
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UBS

UBS

$12.21

0.06 (0.49%)

06:18
11/18/19
11/18
06:18
11/18/19
06:18
Periodicals
Ermotti wants to remain UBS CEO until 2021, Reuters reports »

Sergio Ermotti wants to…

03/08/13
Wedge Partners
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03/06/13
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03/06/13
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  • 09

    Dec

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