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BA

Boeing

$337.45

6.33 (1.91%)

07:32
10/23/19
10/23
07:32
10/23/19
07:32

Boeing says has developed software, training updates for the 737 MAX

"Boeing has developed software and training updates for the 737 MAX and continues to work with the FAA and global civil aviation authorities to complete remaining steps toward certification and readiness for return to service. These regulatory authorities will determine the timing and conditions of return to service in each relevant jurisdiction. For purposes of the third-quarter results, the company has assumed that regulatory approval of the 737 MAX return to service begins in the fourth quarter of 2019 and that it will gradually increase the 737 production rate from 42 per month to 57 per month by late 2020." "Our top priority remains the safe return to service of the 737 MAX, and we're making steady progress," said Boeing President and CEO Dennis Muilenburg. "We've also taken action to further sharpen our company's focus on product and services safety, and we continue to deliver on customer commitments and capture new opportunities with our values of safety, quality and integrity always at the forefront."

  • 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

LNT

Alliant Energy

$52.60

0.9 (1.74%)

06:34
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06:34
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PXS

Pyxis Tankers

$1.01

-0.08 (-7.34%)

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FB

Facebook

$193.20

-1.27 (-0.65%)

06:33
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REPL

Replimune Group

$13.55

-3.3 (-19.58%)

06:33
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  • 14

    Nov

CERC

Cerecor

$3.28

-0.07 (-2.09%)

06:32
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Cerecor reports Q3 EPS (7c), consensus (13c) »

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GDS

GDS Holdings

$42.94

-0.05 (-0.12%)

06:30
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Earnings
GDS Holdings reports Q3 EPS (12c), consensus (8c) »

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  • 14

    Nov

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AAPL

Apple

$264.52

2.63 (1.00%)

06:30
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06:30
Periodicals
Apple Watch detects irregular heartbeats in study, Reuters reports »

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ALB

Albemarle

$65.25

-0.03 (-0.05%)

06:30
11/14/19
11/14
06:30
11/14/19
06:30
Downgrade
Albemarle rating change  »

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  • 19

    Nov

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    Dec

BABA

Alibaba

$182.48

-4.49 (-2.40%)

06:27
11/14/19
11/14
06:27
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06:27
Periodicals
Alibaba to carry out Hong Kong's first paperless listing, Reuters reports »

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  • 19

    Nov

BA

Boeing

$362.42

-0.47 (-0.13%)

06:24
11/14/19
11/14
06:24
11/14/19
06:24
Periodicals
Boeing drops automation system used to build 777 jets, Bloomberg reports »

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  • 14

    Nov

PING

Ping Identity

$16.50

-0.25 (-1.49%)

06:23
11/14/19
11/14
06:23
11/14/19
06:23
Recommendations
Ping Identity analyst commentary  »

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  • 19

    Nov

DDAIF

Daimler AG

$0.00

(0.00%)

06:20
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06:20
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Breaking Hot Stocks news story on Daimler AG »

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EW

Edwards Lifesciences

$242.37

3.04 (1.27%)

06:20
11/14/19
11/14
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DDAIF

Daimler AG

$0.00

(0.00%)

06:20
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Daimler says Daimler Mobility sees ROE of over 12% in 2020 »

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DDAIF

Daimler AG

$0.00

(0.00%)

06:19
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Daimler seeks EUR1B in savings at Mercedes-Benz by cutting jobs »

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CSCO

Cisco

$48.44

0.06 (0.12%)

06:16
11/14/19
11/14
06:16
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06:16
Recommendations
Cisco analyst commentary  »

Cisco price target…

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  • 09

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UBS

UBS

$12.16

-0.17 (-1.38%)

06:15
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  • 09

    Dec

CYDY

CytoDyn

$0.00

(0.00%)

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CPE

Callon Petroleum

$4.47

-0.175 (-3.77%)

, CRZO

Carrizo Oil & Gas

$7.73

-0.21 (-2.64%)

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CPE

Callon Petroleum

$4.47

-0.175 (-3.77%)

CRZO

Carrizo Oil & Gas

$7.73

-0.21 (-2.64%)

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  • 14

    Nov

  • 14

    Nov

GECC

Great Elm Capital

$8.23

-0.02 (-0.24%)

06:13
11/14/19
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06:13
Earnings
Great Elm Capital reports Q3 NII 26c, consensus 25c »

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  • 14

    Nov

CSCO

Cisco

$48.44

0.06 (0.12%)

, SANM

Sanmina

$32.76

0.26 (0.80%)

06:13
11/14/19
11/14
06:13
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06:13
Recommendations
Cisco, Sanmina, Flex, Jabil analyst commentary  »

Cisco results negative…

CSCO

Cisco

$48.44

0.06 (0.12%)

SANM

Sanmina

$32.76

0.26 (0.80%)

FLEX

Flex

$12.33

0.39 (3.27%)

JBL

Jabil

$39.27

0.28 (0.72%)

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  • 09

    Dec

  • 10

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  • 12

    Feb

BCLI

BrainStorm

$3.88

0.05 (1.31%)

06:12
11/14/19
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Earnings
BrainStorm reports Q3 EPS (25c), consensus (22c) »

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  • 14

    Nov

  • 11

    Dec

RMBL

RumbleON

$1.50

-0.83 (-35.62%)

06:11
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  • 21

    Nov

AXNX

Axonics

$25.49

0.53 (2.12%)

06:09
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  • 14

    Nov

  • 21

    Nov

EPAM

Epam Systems

$200.74

0.85 (0.43%)

06:09
11/14/19
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Initiation
Epam Systems initiated  »

Epam Systems initiated…

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  • 21

    Nov

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