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BA

Boeing

$349.52

12.07 (3.58%)

10:33
10/23/19
10/23
10:33
10/23/19
10:33

Boeing CEO says 737 MAX accidents 'weigh heavily on us'

Sys "nothing is more important to us" than the safety of all those who fly on its airplanes. Says priority remains the safe return of the MAX. Says working daily with FAA, global regulators on the process they laid out for certifying the software and training updates and ungrounding the global MAX fleet. Comments taken from the Q3 earnings conference call.

  • 23

    Oct

BA Boeing
$349.52

12.07 (3.58%)

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

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Facebook

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ETSY

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$NSD

NASDAQ Market Internals

$0.00

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10:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

10:16
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10:15
12/05/19
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General news
U.S. factory orders increased 0.3% in October »

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SAGE

Sage Therapeutics

$68.03

-81.19 (-54.41%)

10:14
12/05/19
12/05
10:14
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Recommendations
Sage Therapeutics analyst commentary  »

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ETN

Eaton

$91.29

0.17 (0.19%)

10:13
12/05/19
12/05
10:13
12/05/19
10:13
Conference/Events
JPMorgan U.S. machinery analyst to hold an analyst/industry conference call »

U.S. Machinery Equity…

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  • 11

    Dec

BUD

AB InBev

$79.02

-0.35 (-0.44%)

10:10
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10:10
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10:10
Options
Call sale in Anheuser Busch exits four-month trade for 99% loss »

Call sale in Anheuser…

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  • 27

    Feb

CONE

CyrusOne

$60.90

-4.22 (-6.48%)

10:10
12/05/19
12/05
10:10
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10:10
Periodicals
CyrusOne hit by ransomware attack, ZDNet reports »

Data center provider…

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  • 09

    Dec

VOLVY

Volvo

$0.00

(0.00%)

10:08
12/05/19
12/05
10:08
12/05/19
10:08
Hot Stocks
Volvo Group Venture Capital invests in Apex.AI, terms not disclosed »

Volvo Group Venture…

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03/06/13
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03/06/13
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10:08
12/05/19
12/05
10:08
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10:08
Conference/Events
House Transportation & Intrastructure Committee to hold a hearing »

The Subcommittee of…

SAGE

Sage Therapeutics

$66.11

-83.11 (-55.70%)

10:04
12/05/19
12/05
10:04
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10:04
Recommendations
Sage Therapeutics analyst commentary  »

Sage drug still active…

03/08/13
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CMCSA

Comcast

$43.37

-0.14 (-0.32%)

, CMCSK

Comcast

$0.00

(0.00%)

10:03
12/05/19
12/05
10:03
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10:03
Hot Stocks
Comcast's chief diversity officer David Cohen to step down »

In a regulatory filing,…

CMCSA

Comcast

$43.37

-0.14 (-0.32%)

CMCSK

Comcast

$0.00

(0.00%)

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

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  • 09

    Dec

  • 10

    Dec

FB

Facebook

$200.90

2.2 (1.11%)

, HES

Hess Corp.

$61.44

0.22 (0.36%)

10:03
12/05/19
12/05
10:03
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10:03
Initiation
Fly Intel: Top five analyst initiations »

Catch up on today's…

FB

Facebook

$200.90

2.2 (1.11%)

HES

Hess Corp.

$61.44

0.22 (0.36%)

XFOR

X4 Pharmaceuticals

$10.69

0.62 (6.16%)

KSU

Kansas City Southern

$150.08

0.865 (0.58%)

WERN

Werner

$35.84

0.31 (0.87%)

03/08/13
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03/08/13
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Citigroup
03/06/13
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  • 09

    Dec

  • 09

    Dec

ETSY

Etsy

$40.33

-1.85 (-4.39%)

, WAT

Waters

$223.70

-1.24 (-0.55%)

10:03
12/05/19
12/05
10:03
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10:03
Downgrade
Fly Intel: Top five analyst downgrades »

Catch up on today's…

ETSY

Etsy

$40.33

-1.85 (-4.39%)

WAT

Waters

$223.70

-1.24 (-0.55%)

FFIV

F5 Networks

$136.50

-7.06 (-4.92%)

HOME

At Home Group

$5.50

-3.05 (-35.67%)

DFS

Discover

$82.89

-0.73 (-0.87%)

SYF

Synchrony

$37.25

-0.22 (-0.59%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 10

    Dec

  • 10

    Dec

  • 26

    Feb

YETI

Yeti

$32.86

1.46 (4.65%)

, BRO

Brown & Brown

$38.06

0.41 (1.09%)

10:03
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Upgrade
Fly Intel: Top five analyst upgrades »

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YETI

Yeti

$32.86

1.46 (4.65%)

BRO

Brown & Brown

$38.06

0.41 (1.09%)

NKE

Nike

$95.20

1.48 (1.58%)

FB

Facebook

$200.84

2.14 (1.08%)

GOOGL

Alphabet Class A

$1,324.89

5.9 (0.45%)

GOOG

Alphabet

$1,327.00

5.54 (0.42%)

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

  • 19

    Dec

  • 26

    Feb

10:02
12/05/19
12/05
10:02
12/05/19
10:02
General news
Factory Orders data reported »

October Factory Orders up…

DLTR

Dollar Tree

$90.39

1.06 (1.19%)

10:00
12/05/19
12/05
10:00
12/05/19
10:00
Options
Early speculation drives call buyers to Dollar Tree »

Early speculation drives…

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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MODN

Model N

$29.70

0.2 (0.68%)

09:58
12/05/19
12/05
09:58
12/05/19
09:58
Conference/Events
Model N management to meet with Oppenheimer »

Meetings to be held in…

03/08/13
Wedge Partners
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  • 09

    Dec

  • 10

    Dec

COST

Costco

$296.42

0.25 (0.08%)

, BYND

Beyond Meat

$71.81

-2.15 (-2.91%)

09:58
12/05/19
12/05
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Hot Stocks
Beyond Meat higher after Bloomberg says Costco selling in select stores »

Shares of Beyond Meat…

COST

Costco

$296.42

0.25 (0.08%)

BYND

Beyond Meat

$71.81

-2.15 (-2.91%)

03/08/13
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  • 12

    Dec

XXII

22nd Century

$1.02

-0.005 (-0.49%)

, TCNNF

Trulieve Cannabis

$0.00

(0.00%)

09:56
12/05/19
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09:56
On The Fly
Rising High: 22nd Century enters CBD health market with Panacea investment »

In this week's "Rising…

XXII

22nd Century

$1.02

-0.005 (-0.49%)

TCNNF

Trulieve Cannabis

$0.00

(0.00%)

ACB

Aurora Cannabis

$2.49

0.01 (0.40%)

TBPMF

Tetra Bio Pharma

$0.00

(0.00%)

ALEAF

Aleafia Health

$0.00

(0.00%)

APHA

Aphria

$4.71

0.035 (0.75%)

CVSI

CV Sciences

$0.00

(0.00%)

CTST

CannTrust

$0.77

-0.0076 (-0.98%)

CGC

Canopy Growth

$18.64

0.25 (1.36%)

CRON

Cronos Group

$6.70

0.13 (1.98%)

CANN

General Cannabis

$0.00

(0.00%)

TLRY

Tilray

$18.79

0.02 (0.11%)

ZYNE

Zynerba

$5.99

(0.00%)

IGC

India Globalization Capital

$0.74

(0.00%)

03/08/13
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03/06/13
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  • 09

    Dec

MMM

3M

$167.00

-0.105 (-0.06%)

09:55
12/05/19
12/05
09:55
12/05/19
09:55
Options
3M put volume heavy and directionally bearish »

Bearish flow noted in 3M…

03/08/13
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03/06/13
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03/06/13
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  • 10

    Dec

MEET

Meet Group

$5.19

0.035 (0.68%)

09:55
12/05/19
12/05
09:55
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09:55
Conference/Events
Meet Group management to meet with Oppenheimer »

Meeting to be held in…

03/08/13
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  • 09

    Dec

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