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GE

General Electric

$10.38

0.4 (4.01%)

, EADSY

Airbus

$0.00

(0.00%)

09:28
11/04/19
11/04
09:28
11/04/19
09:28

General Electric teams up with BBAM for AirVault asset transfer system

General Electric Aviation (GE) has teamed up with BBAM Aircraft Leasing & Management to provide the AirVault asset transfer system across a fleet of 510 aircraft including Airbus (EADSY), Boeing (BA) and Embraer (ERJ) airplanes used by more than 90 airlines. The implementation is starting this month. BBAM will start using the system by December, followed by a six-month evaluation. The combination of GE's domain expertise in flight analytics and engine diagnostics to bring disparate data together and the digital leased asset transfer system capability will further enable web-based fleet maintenance across the aviation leasing market. The asset transfer system is a collaborative tool that streamlines and simplifies the way that leased asset documentation is managed between airlines and lessors by allowing operators to organize records in accordance with industry standard. The system enhances the efficiency of lease returns several ways by helping operators harmonize and standardize files, perform collaborative document reviews with their lessor partners, and transfer files through an intuitive digital user interface which includes SPEC 2500 functionality.

GE

General Electric

$10.38

0.4 (4.01%)

EADSY

Airbus

$0.00

(0.00%)

BA

Boeing

$344.98

5.04 (1.48%)

ERJ

Embraer

$17.76

0.38 (2.19%)

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    Nov

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    Dec

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    Jan

GE General Electric
$10.38

0.4 (4.01%)

11/04/19
LEHM
11/04/19
NO CHANGE
Target $12
LEHM
Overweight
Investors may start looking at GE with bull case becoming clearer, says Barclays
General Electric's Q3 contained "no nasty surprises" from legacy liabilities along with "some clear signs of progress amidst the house-cleaning," Barclays analyst Julian Mitchell tells investors in a research note. The analyst believes this will likely cause more long-term investors to start to take a closer look at GE during the second year of CEO Larry Culp's tenure. With GE's free cash flow bull case becoming clearer, long-term investors may start to take a look, says Mitchell. The analyst keeps an Overweight rating on General Electric shares with a $12 price target. The stock closed Friday up 40c to $10.38.
11/01/19
JPMS
11/01/19
NO CHANGE
Target $5
JPMS
Underweight
JPMorgan's Tusa says GE results don't change view, price target remains $5
JPMorgan analyst Stephen Tusa says there is no change to his view of General Electric coming away from the Q3 results. "At a simplified headline level, there was no smoking gun, though the underlying details show a situation that is far from low risk," Tusa tells investors in a post-earnings research note. The analyst points out that even at the high end of GE's new free cash flow range, or a base of 23c per share, its free cash flow yield is 2%. This suggests that "stability is already more than discounted," says Tusa, who keeps an Underweight rating on General Electric with a $5 price target. The stock closed Thursday down 13c to $9.98.
10/31/19
DBAB
10/31/19
NO CHANGE
Target $11
DBAB
Hold
General Electric price target raised to $11 from $9 at Deutsche Bank
Deutsche Bank analyst Nicole DeBlase raised her price target for General Electric to $11 from $9 saying the company's Q3 results had more positives than negatives. Although Power segment results disappointed, it was overshadowed by several key positives, including GE maintaining its full year earnings guidance despite a 5c per share headwind from the deconsolidation of Baker Hughes (BHGE). The company also raised full year Industrial free cash flow guidance by $1B, adds DeBlase. The analyst keeps a Hold rating on General Electric.
10/04/19
JPMS
10/04/19
NO CHANGE
Target $5
JPMS
Underweight
Investors are underestimating the risks at GE Aviation, says JPMorgan's Tusa
Following an "in depth review of structural dynamics around the fundamentals and financials," JPMorgan analyst Stephen Tusa stands by his view that GE Aviation "offers materially less growth with greater risk, and therefore less value support, than consensus assumes." Headwinds from a decline in high margin spare engines and negative mix in aftermarket are being underappreciated, Tusa tells investors in a research note. Further, the analyst sees "less capital cushion than many assume" for GE Aviation. The Aviation balance sheet "seems too small" in the context of cash already booked to take on its share of debt and pension burden, which limits GE's strategic options, contends Tusa. While Aviation is not Power, investors "over-estimate the sustainability of growth while under-estimating risks," concludes the analyst. He keeps an Underweight rating on GE shares with a $5 price target. The stock closed Thursday up 20c to $8.71.
EADSY Airbus
$0.00

(0.00%)

05/08/19
GSCO
05/08/19
UPGRADE
GSCO
Neutral
Airbus upgraded to Neutral from Sell at Goldman Sachs
Goldman Sachs upgraded Airbus to Neutral from Sell saying the stock's risk/reward is balanced following the recent underperformance.
03/13/19
LOOP
03/13/19
NO CHANGE
Target $78
LOOP
Hold
Hexcel may not benefit from aircraft order shift to Airbus, says Loop Capital
Loop Capital analyst Chris Kapsch kept his Hold rating and $78 price target on Hexcel (HXL) in the wake of the Boeing (BA) 737max crisis. The analyst states that the issue appears to be around the plane's software/avionics, with nothing problematic with the composite-intensive plane structure or its engines, but believes that the flight halt by global airlines creates an "adverse sentiment for the entire commercial aero supply chain". While Hexcel is also a supplier for Airbus' (EADSY) A320neo jet, the shift in demand for that aircraft may not balance out the Boeing headwinds in the near term since the production capacity for the A320 remains constrained, Kapsch tells investors.
BA Boeing
$344.98

5.04 (1.48%)

10/28/19
JEFF
10/28/19
NO CHANGE
Target $420
JEFF
Buy
Boeing price target lowered to $420 from $430 at Jefferies
Jefferies analyst Sheila Kahyaoglu lowered her price target for Boeing to $420 from $430 while keeping a Buy rating on the shares. With the MAX potentially re-entering service in early 2020 and stepping up in rate in late 2020, the 787 step down and 777X delay "creates a more balanced production profile," Kahyaoglu tells investors in a research note. The analyst models an average of ~$31 per share in free cash flow per year over 2020 to 2022.
10/29/19
BUCK
10/29/19
NO CHANGE
Target $365
BUCK
Neutral
Boeing price target lowered to $365 from $395 at Buckingham
Buckingham analyst Richard Safran lowered his price target for Boeing to $365 from $395 and reiterated his Neutral view, telling investors in a research note that the MAX will likely get certified in 4Q19 or early 1Q20, and after deliveries start, sentiment should improve as investors gain visibility into when cash flow, capital deployment, and orders return to pre-MAX crisis levels. He sees two scenarios going forward, with a "reasonable" chance for both: 1) book to bill returns to greater than 1x and investors continue to value Boeing based on 15-17x free cash flow estimates that grow $1-$2/share per year off of 2021E $30/share or; 2) traffic growth decelerates, Boeing loses market share, book to bill falls to less than1x, and multiples compress to the historical less than 10-12x peak free cash flow.
10/31/19
BERN
10/31/19
DOWNGRADE
Target $61
BERN
Market Perform
Boeing's MAX re-launch to have large impact on Southwest, says Bernstein
Bernstein analyst David Vernon downgraded Southwest (LUV) to Market Perform from Outperform with a $61 price target. In a research note to investors, the analyst says he thinks the market is pricing in all the good news on the return of Boeing's (BA) MAX and not appreciating how disruptive its return could be on either the unit revenue or cost fronts. Vernon says he thinks Boeing's re-launch of the MAX will have disproportionately large impact on Southwest's own unit revenue and require start-up costs that are difficult to anticipate.
10/28/19
RHCO
10/28/19
NO CHANGE
Target $49
RHCO
Sell
Barnes Group price target raised to $49 from $45 at SunTrust
SunTrust analyst Michael Ciarmoli raised his price target on Barnes Group to $49 after its Q3 earnings beat that was driven by stronger execution and productivity gains. The analyst maintains his Sell rating on the stock however amid continued industrial sector weakness, also pointing to the management cutting its 2019 outlook due to weak short-cycle industrial demand. Ciarmoli adds that while Barnes group saw further momentum in its Aerospace business, the quarter may have marked a peak with MAX aircraft output rate reduced to 42 per month.
ERJ Embraer
$17.76

0.38 (2.19%)

01/22/19
FBCO
01/22/19
DOWNGRADE
FBCO
Neutral
Embraer downgraded to Neutral from Outperform at Credit Suisse
09/12/19
09/12/19
UPGRADE
Target $23

Buy
Embraer upgraded to Buy from Neutral at UBS
As previously reported, UBS analyst Myles Walton upgraded Embraer (ERJ) to Buy and raised his price target to $23 from $22, citing the approaching closing of its acquisition by Boeing (BA). The analyst notes that while he sees the possibility of that closing being delayed because of the stalling approval by China regulators, he does not see a significant risk of it being blocked. Walton adds that RemainCo catalysts beyond the tie-up are appearing, citing Embraer's first delivery of KC-390 aircraft to Brazilian air force earlier this month, with another expected to be delivered in Q4.
09/12/19
UBSW
09/12/19
UPGRADE
UBSW
Buy
Embraer upgraded to Buy from Neutral at UBS
01/22/19
01/22/19
DOWNGRADE
Target $24

Neutral
Embraer downgraded to Neutral at Credit Suisse
As previously reported, Credit Suisse analyst Robert Spingarn downgraded Embraer to Neutral from Outperform primarily on account of the less favorable outlook for bizjet and defense, as he is more cautious on the long-term prospects for RemainCo. The analyst also lowered his price target on the shares to $24 from $28.

TODAY'S FREE FLY STORIES

IPHI

Inphi

$69.15

-1.035 (-1.47%)

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CNSP

CNS Pharmaceuticals

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FOCS

Focus Financial Partners

$26.84

-0.35 (-1.29%)

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CLNY

Colony Capital

$4.83

0.005 (0.10%)

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SLG

SL Green Realty

$88.60

1.665 (1.92%)

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ENPH

Enphase Energy

$24.03

-0.07 (-0.29%)

08:01
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WDAY

Workday

$163.69

-2.62 (-1.58%)

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ARQL

ArQule

$19.71

10.035 (103.77%)

, MRK

Merck

$88.71

-0.13 (-0.15%)

08:00
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Downgrade
ArQule, Merck rating change  »

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ARQL

ArQule

$19.71

10.035 (103.77%)

MRK

Merck

$88.71

-0.13 (-0.15%)

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PENN

Penn National

$23.00

-0.12 (-0.52%)

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AAPL

Apple

$266.93

-3.75 (-1.39%)

08:00
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Options
Apple put buyer realizes 28% same-day gains »

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TKR

Timken

$53.50

(0.00%)

07:58
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RHP

Ryman Hospitality

$89.28

-0.6 (-0.67%)

07:58
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CHD

Church & Dwight

$70.33

0.04 (0.06%)

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NEWR

New Relic

$69.03

0.4 (0.58%)

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CHWY

Chewy

$24.17

-0.76 (-3.05%)

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THS

TreeHouse

$51.68

0.16 (0.31%)

07:55
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ALB

Albemarle

$64.71

0.405 (0.63%)

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DVN

Devon Energy

$23.15

-0.005 (-0.02%)

, HES

Hess Corp.

$61.75

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VET

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CXO

Concho Resources

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EOG

EOG Resources

$74.51

0.52 (0.70%)

FANG

Diamondback Energy

$83.79

0.56 (0.67%)

PE

Parsley Energy

$16.25

0.03 (0.18%)

PXD

Pioneer Natural

$133.20

-0.71 (-0.53%)

WPX

WPX Energy

$10.57

0.06 (0.57%)

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CMRX

Chimerix

$2.54

0.07 (2.83%)

07:51
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DAL

Delta Air Lines

$55.79

-0.36 (-0.64%)

07:51
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  • 12

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FTSV

Forty Seven

$30.44

16.04 (111.39%)

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BKU

BankUnited

$35.53

0.07 (0.20%)

07:48
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NXGN

NextGen Healthcare

$18.15

0.24 (1.34%)

07:48
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  • 12

    Dec

CG

Carlyle Group

$29.17

-0.36 (-1.22%)

07:46
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Carlyle Group initiated  »

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  • 26

    Feb

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