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BA

Boeing

$337.84

0.39 (0.12%)

15:37
10/23/19
10/23
15:37
10/23/19
15:37

DOT says FAA must restore confidence in aircraft certification, Reuters says

The U.S. Transportation Department's inspector general said that the Federal Aviation Administration must aim to restore "public confidence" in plane certification efforts following two fatal Boeing 737 MAX crashes, Reuters' David Shepardson reports. The report by the DOT, dated October 23 but not yet publicly available, said the FAA faces a "significant oversight challenge" to ensure that companies conducting such tasks "maintain high standards and comply with FAA safety regulations," Shepardson says. Reference Link

  • 23

    Oct

BA Boeing
$337.84

0.39 (0.12%)

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

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 »

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  • 09

    Dec

USCR

U.S. Concrete

$43.08

-0.51 (-1.17%)

06:16
11/18/19
11/18
06:16
11/18/19
06:16
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U.S. Concrete rating change  »

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NSANY

Nissan

$0.00

(0.00%)

06:16
11/18/19
11/18
06:16
11/18/19
06:16
Periodicals
Nissan recalls 400,000 cars over braking system defect, Reuters reports »

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ROK

Rockwell Automation

$200.22

1.32 (0.66%)

06:13
11/18/19
11/18
06:13
11/18/19
06:13
Upgrade
Rockwell Automation rating change  »

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  • 18

    Nov

  • 19

    Nov

  • 20

    Nov

VWAGY

Volkswagen

$0.00

(0.00%)

06:13
11/18/19
11/18
06:13
11/18/19
06:13
Hot Stocks
Breaking Hot Stocks news story on Volkswagen »

Volkswagen sees 2020…

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CEO

Cnooc

$155.34

1.91 (1.24%)

06:13
11/18/19
11/18
06:13
11/18/19
06:13
Hot Stocks
Cnooc appoints Wang Dongjin as chairman »

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WMGI

Wright Medical

$29.50

0.105 (0.36%)

06:13
11/18/19
11/18
06:13
11/18/19
06:13
Downgrade
Wright Medical rating change  »

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VWAGY

Volkswagen

$0.00

(0.00%)

06:13
11/18/19
11/18
06:13
11/18/19
06:13
Hot Stocks
Volkswagen confirms strategic financial targets of Together 2025+ »

The Volkswagen Group has…

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VWAGY

Volkswagen

$0.00

(0.00%)

06:12
11/18/19
11/18
06:12
11/18/19
06:12
Hot Stocks
Volkswagen confirms outlook for 2019 »

The automaker previously…

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PH

Parker-Hannifin

$196.59

2.38 (1.23%)

06:12
11/18/19
11/18
06:12
11/18/19
06:12
Initiation
Parker-Hannifin initiated  »

Parker-Hannifin…

03/08/13
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03/08/13
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  • 19

    Nov

EADSY

Airbus

$0.00

(0.00%)

, BA

Boeing

$371.55

4.25 (1.16%)

06:11
11/18/19
11/18
06:11
11/18/19
06:11
Periodicals
Emirates orders 50 Airbus A350 jets worth $16B, Reuters reports »

Emirates has ordered 50…

EADSY

Airbus

$0.00

(0.00%)

BA

Boeing

$371.55

4.25 (1.16%)

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

Orion Engineered

$18.77

-0.08 (-0.42%)

06:10
11/18/19
11/18
06:10
11/18/19
06:10
Hot Stocks
Orion Engineered says director Kerry Galvin buys 1,800 common shares »

Orion Engineered…

03/08/13
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03/06/13
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UTX

United Technologies

$149.32

1.17 (0.79%)

, EADSY

Airbus

$0.00

(0.00%)

06:09
11/18/19
11/18
06:09
11/18/19
06:09
Periodicals
IndiGo CEO says replacing Pratt engines in fleet 'challenging,' Reuters reports »

IndiGo CEO Ronojoy Dutta…

UTX

United Technologies

$149.32

1.17 (0.79%)

EADSY

Airbus

$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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KB

KB Financial Group

$37.67

0.305 (0.82%)

06:09
11/18/19
11/18
06:09
11/18/19
06:09
Upgrade
KB Financial Group rating change  »

KB Financial Group…

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AMRN

Amarin

$23.99

2.5 (11.63%)

06:09
11/18/19
11/18
06:09
11/18/19
06:09
Downgrade
Citi downgrades Amarin to Neutral, says strong sales growth priced in »

Citi analyst Joel Beatty…

03/08/13
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  • 28

    Dec

DRNA

Dicerna

$19.29

-0.86 (-4.27%)

, NVO

Novo Nordisk

$57.28

-0.61 (-1.05%)

06:08
11/18/19
11/18
06:08
11/18/19
06:08
Hot Stocks
Dicerna, Novo Nordisk enter pact to develop RNAi therapies »

Dicerna Pharmaceuticals…

DRNA

Dicerna

$19.29

-0.86 (-4.27%)

NVO

Novo Nordisk

$57.28

-0.61 (-1.05%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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  • 07

    Dec

TNK

Teekay Tankers

$2.39

0.155 (6.94%)

06:08
11/18/19
11/18
06:08
11/18/19
06:08
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Teekay Tankers rating change  »

Teekay Tankers upgraded…

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ELS

Equity Lifestyle

$69.44

0.795 (1.16%)

06:05
11/18/19
11/18
06:05
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06:05
Upgrade
Equity Lifestyle rating change  »

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  • 28

    Jan

MU

Micron

$47.70

0.88 (1.88%)

, WDC

Western Digital

$50.34

-0.03 (-0.06%)

06:05
11/18/19
11/18
06:05
11/18/19
06:05
Periodicals
U.S. to extend license allowing companies to do business with Huawei, NYT says »

The Trump administration…

MU

Micron

$47.70

0.88 (1.88%)

WDC

Western Digital

$50.34

-0.03 (-0.06%)

OCLR

Bought by LITE

$0.00

(0.00%)

ACIA

Acacia Communications

$67.08

0.58 (0.87%)

NPTN

NeoPhotonics

$8.57

0.08 (0.94%)

LITE

Lumentum

$68.91

0.91 (1.34%)

IIVI

II-VI

$29.45

0.19 (0.65%)

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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  • 19

    Nov

  • 20

    Nov

  • 03

    Dec

  • 09

    Dec

  • 09

    Dec

AVEO

Aveo Pharmaceuticals

$0.64

-0.0088 (-1.37%)

06:05
11/18/19
11/18
06:05
11/18/19
06:05
Hot Stocks
Aveo Pharmaceuticals presents new data from Phase 3 TIVO-3 trial of tivozanib »

AVEO Oncology announced…

03/08/13
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AMRN

Amarin

$23.99

2.5 (11.63%)

06:05
11/18/19
11/18
06:05
11/18/19
06:05
Downgrade
Amarin rating change  »

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03/08/13
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  • 28

    Dec

WRK

WestRock

$39.50

-0.52 (-1.30%)

06:04
11/18/19
11/18
06:04
11/18/19
06:04
Upgrade
WestRock rating change  »

WestRock upgraded to Buy…

03/08/13
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JCOM

j2 Global

$95.90

1.17 (1.24%)

06:04
11/18/19
11/18
06:04
11/18/19
06:04
Initiation
j2 Global initiated  »

j2 Global initiated with…

03/08/13
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  • 19

    Nov

  • 04

    Dec

  • 09

    Dec

ELS

Equity Lifestyle

$69.44

0.795 (1.16%)

06:03
11/18/19
11/18
06:03
11/18/19
06:03
Upgrade
Equity Lifestyle rating change  »

Equity Lifestyle upgraded…

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  • 28

    Jan

KRTX

Karuna Therapeutics

$17.26

-0.26 (-1.48%)

06:02
11/18/19
11/18
06:02
11/18/19
06:02
Hot Stocks
Karuna Therapeutics: KarXT met primary endpoint in Phase 2 trial »

Karuna Therapeutics…

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