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BA

Boeing

$349.60

12.15 (3.60%)

10:36
10/23/19
10/23
10:36
10/23/19
10:36

Boeing: FAA, others will ultimately determine timing of MAX return to service

Says return to service may be "phased," timing may vary by jurisdiction.

  • 23

    Oct

BA Boeing
$349.60

12.15 (3.60%)

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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FISV

Fiserv

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0.47 (0.42%)

, GLD

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GLD

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GCI

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NEWM

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TRN

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GOOG

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UAL

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PDD

Pinduoduo

$40.92

-0.78 (-1.87%)

10:15
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  • 20

    Nov

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WOR

Worthington

$37.14

-0.11 (-0.30%)

10:14
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CMC

Commercial Metals

$19.73

0.09 (0.46%)

10:14
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CLF

Cleveland-Cliffs

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TMST

TimkenSteel

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NUE

Nucor

$54.68

-0.01 (-0.02%)

10:13
11/14/19
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X

U.S. Steel

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RS

Reliance Steel

$113.82

0.16 (0.14%)

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AKS

AK Steel

$2.61

-0.03 (-1.14%)

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STLD

Steel Dynamics

$31.54

0.19 (0.61%)

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AMZN

Amazon.com

$1,765.00

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AMZN

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$1,765.00

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GOOG

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EPAM

Epam Systems

$202.00

1.26 (0.63%)

, GLYC

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$6.38

0.11 (1.75%)

10:07
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Fly Intel: Top five analyst initiations »

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EPAM

Epam Systems

$202.00

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GLYC

GlycoMimetics

$6.38

0.11 (1.75%)

JHX

James Hardie

$19.80

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VIR

Vir Biotechnology

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SACH

Sachem Capital

$4.27

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  • 21

    Nov

AAPL

Apple

$264.60

0.08 (0.03%)

, KHC

Kraft Heinz

$32.10

-0.79 (-2.40%)

10:07
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10:07
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Downgrade
Fly Intel: Top five analyst downgrades »

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AAPL

Apple

$264.60

0.08 (0.03%)

KHC

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$32.10

-0.79 (-2.40%)

VZ

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$59.22

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T

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TMUS

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MYO

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$64.10

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    Jan

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UBER

Uber

$26.61

-0.09 (-0.34%)

, SWK

Stanley Black & Decker

$157.09

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UBER

Uber

$26.61

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SWK

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FVRR

Fiverr

$23.29

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MTOR

Meritor

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ALSN

Allison Transmission

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WHLR

Wheeler REIT

$1.92

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LYFT

Lyft

$42.21

-1.08 (-2.49%)

10:05
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Lyft call volume above normal and directionally bullish »

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  • 19

    Nov

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    Dec

10:05
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General news
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10:04
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UBER

Uber

$26.52

-0.18 (-0.67%)

, LYFT

Lyft

$42.16

-1.13 (-2.61%)

10:03
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Periodicals
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UBER

Uber

$26.52

-0.18 (-0.67%)

LYFT

Lyft

$42.16

-1.13 (-2.61%)

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  • 19

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I

Intelsat

$12.64

-1.77 (-12.28%)

10:00
11/14/19
11/14
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10:00
Hot Stocks
Intelsat falls -12.2% »

Intelsat is down -12.2%,…

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  • 10

    Dec

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