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TM

Toyota

$139.41

-0.85 (-0.61%)

, INTC

Intel

$58.95

-0.46 (-0.77%)

16:11
01/15/20
01/15
16:11
01/15/20
16:11

Joby Aviation raises $590M in Series C funding led by Toyota

Joby Aviation has raised $590 million in Series C funding led by Toyota Motor Corporation (TM). Prior investors, including SPARX Group, Intel Capital (INTC), Capricorn Investment Group, JetBlue Technology Ventures (JBLU), Toyota AI Ventures, and AME Cloud Ventures, also contributed to the round, and were joined by new investors Baillie Gifford and Global Oryx. Shigeki Tomoyama, the Executive Vice President of Toyota Motor Corporation, will join Joby Aviation's board of directors. This new investment brings the Company's total funding, including previous rounds, to $720 million. Joby Aviation's mission is to bring fast, affordable, and zero-emissions air mobility to communities worldwide. Over the past 10 years, the Company's team of engineers and physicists has developed a quiet, all-electric VTOL aircraft, which will be instrumental in the commercial launch of the emerging on-demand urban air taxi market. Toyota will share its expertise in manufacturing, quality, and cost controls to support the development and production of Joby Aviation's aircraft. This support, along with the capital investment, will accelerate the certification and deployment of this new mode of local transportation.

TM

Toyota

$139.41

-0.85 (-0.61%)

INTC

Intel

$58.95

-0.46 (-0.77%)

JBLU

JetBlue

$18.70

0.17 (0.92%)

  • 23

    Jan

  • 23

    Jan

TM Toyota
$139.41

-0.85 (-0.61%)

05/15/19
05/15/19
NO CHANGE

Trump plans to delay imposing tariffs on auto imports, Bloomberg reports
Publicly traded companies in the space include Daimler AG (DDAIF), Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM), Volkswagen (VWAGY) and Tesla (TLSA).
05/15/19
MSCO
05/15/19
NO CHANGE
MSCO
Tariff delay a 'modest positive' for automakers, says Morgan Stanley
Morgan Stanley analyst Michael Zezas called media reports indicating that the U.S. plans to delay auto tariffs by up to 6 months a "modest positive" for the automaking group, stating that extra time somewhat reduces the probability of tariffs going into place but that the core impasse between the U.S. and EU - namely whether or not to include agricultural issues in negotiations - still remains and is the real driver of the tariff tension. The analyst, who noted that the U.S. retains the option to implement tariffs at any point within the 180 day delay, said he still thinks auto tariffs are likely to go into effect later this year. Publicly traded automakers that moved up following the headlines regarding the delay decision include Daimler AG (DDAIF), Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VWAGY).
06/07/19
BOFA
06/07/19
NO CHANGE
BOFA
Buy
Toyota 'clearly more focused' on China business, says BofA/Merrill
BofA/Merrill analyst Kei Nihonyanagi maintained a Buy rating and $140.98 price target on Toyota Motor (TM) following The Nikkei's report that the automaker will partner with China's CATL, an automotive battery maker. In a research note to investors, the analyst says the report is somewhat "surprising," given Toyota announced a JV with Panasonic (PCRFY) earlier this year to produce automotive batteries for electric vehicles, but says Toyota is "clearly more focused" on its China business than before.
09/05/19
MSCO
09/05/19
DOWNGRADE
MSCO
Underweight
Toyota downgraded to Underweight from Equal Weight at Morgan Stanley
Morgan Stanley downgraded Toyota to Underweight, stating that the company's pivot to becoming a "new mobility leader" as announced early last year will come with higher R&D costs, lower margins, and lower free cash flows relative to consensus expectations. Morgan Stanley contends that "the market continues to underestimate the cost of transformation", adding that its value premium over other automakers will shrink over time.
INTC Intel
$58.95

-0.46 (-0.77%)

12/20/19
WEDB
12/20/19
NO CHANGE
Target $51.5
WEDB
Outperform
AMD price target raised to $51.50 from $39.00 at Wedbush
Wedbush analyst Matt Bryson raised his price target on AMD (AMD) shares to $51.50 from $39.00 as he is increasingly confident in his 2021 estimates given that AMD continues to execute and Intel (INTC) continues to struggle. As evidence of the former point, Bryson points to review sites' "ubiquitously positive" take on Threadripper's launch last month, and to support the latter the analyst notes conversations with Intel customers and contemporaries since November that "have drawn a picture of Intel's shortages worsening." Bryson keeps an Outperform rating on AMD shares.
01/07/20
NOMU
01/07/20
NO CHANGE
Target $58
NOMU
Buy
AMD to take share from Intel and Nvidia in 2020, says Nomura Instinet
In conjunction with the CES Trade Show in Las Vegas, AMD (AMD) launched its first 7nm notebook accelerated processing units, a new top end 7nm Threadripper desktop and some additional 7nm discrete graphics processing units, Nomura Instinet analyst David Wong tells investors in a research note. AMD's steady build out of its 7nm product lines will help drive market share gains from Intel (INTC) in microprocessors and Nvidia (NVDA) in graphics processing units in 2020, contends the analyst. He reiterates a Buy rating on AMD shares with a $58 price target. The stock closed Monday down 21c to $48.39.
01/09/20
MZHO
01/09/20
UPGRADE
Target $55
MZHO
Buy
Mizuho upgrades AMD to Buy from Neutral, boosts price target to $55
Mizuho analyst Vijay Rakesh upgraded AMD (AMD) to Buy from Neutral with a price target of $55, up from $38. The shares closed Wednesday down 42c to $47.83. The 2020 server market could be stronger than current "muted" consensus expectations, Rakesh tells investors in a research note. Further, many of the "aggressive" Intel (INTC) price cuts are in the rear-view mirror and channel checks indicate potential Intel delays in the 10nm Ice Lake single socket server market, adds the analyst. As a result, Rakesh sees opportunity for AMD server share gains into the second half of 2020. While admitting he missed AMD's rally in Q4, the analyst sees more upside to consensus estimates "with some headwinds retreating."
01/10/20
BOFA
01/10/20
DOWNGRADE
Target $100
BOFA
Underperform
Xilinx downgraded to Underperform from Neutral at BofA
BofA analyst Vivek Arya downgraded Xilinx to Underperform from Neutral with a price target of $100, down from $105 as part of a broader research note on U.S. semiconductors, citing increasing competitive risks in 5G from Marvell (MRVL) and from Nvidia (NVDA) and cloudinsourcing in AI. The analyst said Nvidia and Inphi (IPHI) are his top picks in computing, and he also likes Intel (INTC), AMD (AMD) and Marvell.
JBLU JetBlue
$18.70

0.17 (0.92%)

01/06/20
SPHN
01/06/20
NO CHANGE
SPHN
United Airlines named a Best Idea as Stephens transfers airline coverage
Stephens transitioned coverage of the airline group to Scott Schoenhaus, who lowered his 2020 estimates for JetBlue (JBLU), Southwest (LUV) and Spirit Airlines (SAVE) and raised his estimates for United Airlines (UAL), which he also named as a Best Idea. He believes harsh weather conditions and some pricing actions around the peak travel weeks created near-term headwinds for some carriers and he continues to believe in an overall lackluster setup for the airline group in the first half of the year. Schoenhaus also took over coverage of American (AAL), Delta (DAL) and SkyWest (SKYW).
12/18/19
DBAB
12/18/19
UPGRADE
Target $70
DBAB
Buy
Deutsche constructive on Airlines into 2020, upgrades Delta Air to Buy
Deutsche Bank analyst Michael Linenberg upgraded Delta Air Lines (DAL) to Buy from Hold with a price target of $70, up from $61. The analyst also raised his price target for Buy-rated JetBlue (JBLU) to $26 from $23 and Buy-rated United Airlines (UAL) to $110 from $108. Airline stocks are discounting risk from Boeing's (BA) 737 MAX, says Linenberg, who remains constructive on the sector for 2020. Who would have thought that "healthy" sales growth and the return of margin expansion, accompanied by an accommodative monetary backdrop, would result in significant share price underperformance for U.S. airline stocks in 2019, the analyst asks.
11/13/19
11/13/19
INITIATION

Fly Intel: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Apple (AAPL) and Sonos (SONO) were initiated with an Outperform at RBC Capital, while Jabil (JBL) was initiated with a Sector Perform. 2. JetBlue (JBLU) and United Airlines (UAL) were initiated with a Buy at UBS, while Delta Air Lines (DAL) and Southwest (LUV) were initiated with a Neutral, and American Airlines (AAL) was initiated with a Sell. 3. ManpowerGroup (MAN) initiated with a Buy at CL King. 4. Concho Resources (CXO) initiated with an Outperform at Scotiabank. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/12/19
UBSW
11/12/19
NO CHANGE
UBSW
UBS rolls out 'cautious' view of U.S. airlines, names JetBlue, United top picks
UBS analyst Myles Walton initiated coverage of the U.S. airlines space with six company initiations including two Buys, three Neutral ratings and one Sell. His view on the group into 2020 is "cautious" given a combination of potential economic softening and a "sharp" increase in capacity, which could have a negative impact on pricing. He started JetBlue (JBLU) with a Buy rating and $25 price target, citing its capacity growth, revenue initiatives and cost reduction program, which he believes could add up to the airline delivering 30%+ EPS growth in 2020. He also started United Airlines (UAL) with a Buy rating and $110 price target, stating that his bullish view is supported by the company's "superior" cost performance. Walton started American Airlines (AAL) with a Sell rating and a $27 price target, stating that "2020 could provide a sharper test [for American] than others in the industry" given the company's elevated leverage and "fragility already seen in the network in 2019." Walton started Delta Air Lines (DAL) with a Neutral rating and $62 price target, Southwest (LUV) with a Neutral rating and $60 price target and Alaska Air (ALK) with a Neutral rating and $75 price target.

TODAY'S FREE FLY STORIES

TSLA

Tesla

$510.34

-3.065 (-0.60%)

16:04
01/20/20
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Periodicals
Tesla rebuffs U.S. safety recall petition, Reuters reports »

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EADSY

Airbus

$0.00

(0.00%)

16:02
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Airbus unit to offer product to help airlines with revenue risk, Reuters says »

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AAPL

Apple

$318.66

3.33 (1.06%)

15:41
01/20/20
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15:41
Periodicals
Apple CEO says global corporate tax system must be overhauled, Reuters reports »

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GOOG

Alphabet

$1,480.28

28.34 (1.95%)

, GOOGL

Alphabet Class A

$1,479.12

29.29 (2.02%)

15:27
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01/20
15:27
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15:27
Periodicals
Alphabet calls for 'proportionate approach' to AI regulation, Reuters reports »

Sundar Pichai, the CEO of…

GOOG

Alphabet

$1,480.28

28.34 (1.95%)

GOOGL

Alphabet Class A

$1,479.12

29.29 (2.02%)

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GOOG

Alphabet

$1,480.28

28.34 (1.95%)

, GOOGL

Alphabet Class A

$1,479.12

29.29 (2.02%)

15:24
01/20/20
01/20
15:24
01/20/20
15:24
Periodicals
Alphabet CEO backs temporary ban on facial-recognition, Reuters reports »

The EU's proposal…

GOOG

Alphabet

$1,480.28

28.34 (1.95%)

GOOGL

Alphabet Class A

$1,479.12

29.29 (2.02%)

MSFT

Microsoft

$167.06

0.82 (0.49%)

03/08/13
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BA

Boeing

$324.11

-7.89 (-2.38%)

, AER

AerCap

$62.35

-0.18 (-0.29%)

15:10
01/20/20
01/20
15:10
01/20/20
15:10
Periodicals
AerCap CEO warns against panic discounts for Boeing 737 MAX, Reuters says »

Owners of Boeing's…

BA

Boeing

$324.11

-7.89 (-2.38%)

AER

AerCap

$62.35

-0.18 (-0.29%)

03/08/13
Wedge Partners
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  • 29

    Jan

  • 13

    Feb

BA

Boeing

$324.11

-7.89 (-2.38%)

15:05
01/20/20
01/20
15:05
01/20/20
15:05
Periodicals
Aviation executive says Boeing should ditch 'MAX,' NY Post reports »

Steven Udvar-Hazy is the…

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  • 29

    Jan

BA

Boeing

$324.11

-7.89 (-2.38%)

14:08
01/20/20
01/20
14:08
01/20/20
14:08
Periodicals
Boeing close to securing $10B loan, Bloomberg reports »

Boeing is close to…

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  • 29

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CAE

CAE

$29.65

-0.14 (-0.47%)

14:05
01/20/20
01/20
14:05
01/20/20
14:05
Hot Stocks
CAE appoints Todd Probert as Group President, Defense & Security »

CAE announced the…

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  • 07

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ACC

American Campus

$46.31

-0.085 (-0.18%)

14:03
01/20/20
01/20
14:03
01/20/20
14:03
Recommendations
American Campus analyst commentary  »

American Campus announces…

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  • 19

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UPS

UPS

$118.61

0.005 (0.00%)

14:02
01/20/20
01/20
14:02
01/20/20
14:02
Hot Stocks
UPS launches e-commerce plug-ins as part of UPS Digital Access Program »

UPS announced that it is…

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  • 30

    Jan

WINS

Wins Finance

$12.50

-1.2 (-8.76%)

13:58
01/20/20
01/20
13:58
01/20/20
13:58
Hot Stocks
Wins Finance announces submission of compliance plan to Nasdaq »

Wins Finance announced…

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MSFT

Microsoft

$167.06

0.82 (0.49%)

13:55
01/20/20
01/20
13:55
01/20/20
13:55
Recommendations
Microsoft price target raised to $175 from $160 at Stifel »

Stifel analyst Brad…

03/08/13
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  • 29

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SFTBY

SoftBank

$0.00

(0.00%)

, SFTBF

SoftBank

$0.00

(0.00%)

13:52
01/20/20
01/20
13:52
01/20/20
13:52
Periodicals
Softbank says WeWork still good business at core, Bloomberg reports »

SoftBank (SFTBY;SFTBF)…

SFTBY

SoftBank

$0.00

(0.00%)

SFTBF

SoftBank

$0.00

(0.00%)

WE

We Company

$0.00

(0.00%)

03/08/13
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  • 12

    Feb

EGLE

Eagle Bulk Shipping

$4.25

-0.03 (-0.70%)

13:40
01/20/20
01/20
13:40
01/20/20
13:40
Conference/Events
Eagle Bulk Shipping to host conference call »

Management discusses…

03/08/13
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  • 16

    Feb

SMUUY

Siam Commercial Bank

$0.00

(0.00%)

13:39
01/20/20
01/20
13:39
01/20/20
13:39
Downgrade
Siam Commercial Bank rating change at JPMorgan »

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SMUUY

Siam Commercial Bank

$0.00

(0.00%)

13:38
01/20/20
01/20
13:38
01/20/20
13:38
Downgrade
Siam Commercial Bank rating change at Credit Suisse »

Siam Commercial…

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SMUUY

Siam Commercial Bank

$0.00

(0.00%)

13:37
01/20/20
01/20
13:37
01/20/20
13:37
Downgrade
Siam Commercial Bank rating change at Macquarie »

Siam Commercial Bank…

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SMUUY

Siam Commercial Bank

$0.00

(0.00%)

13:37
01/20/20
01/20
13:37
01/20/20
13:37
Downgrade
Siam Commercial Bank rating change at Citi »

Siam Commercial Bank…

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CNVVY

ConvaTec

$0.00

(0.00%)

13:35
01/20/20
01/20
13:35
01/20/20
13:35
Downgrade
ConvaTec rating change at JPMorgan »

ConvaTec downgraded to…

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13:35
01/20/20
01/20
13:35
01/20/20
13:35
General news
FX Summary: Activity was moribund »

FX Summary: Activity was…

KSU

Kansas City Southern

$166.57

4.77 (2.95%)

13:31
01/20/20
01/20
13:31
01/20/20
13:31
Recommendations
Kansas City Southern analyst commentary at BMO Capital »

Kansas City Southern…

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CRM

Salesforce

$182.16

-0.53 (-0.29%)

13:06
01/20/20
01/20
13:06
01/20/20
13:06
Recommendations
BMO keeps 'top pick' status on Salesforce, boosts price target to $210 »

BMO Capital analyst Keith…

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  • 16

    Mar

SNYYF

Sany Heavy

$0.00

(0.00%)

12:56
01/20/20
01/20
12:56
01/20/20
12:56
Upgrade
Sany Heavy rating change at Goldman Sachs »

Sany Heavy upgraded to…

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ATDRY

Auto Trader Group

$0.00

(0.00%)

12:52
01/20/20
01/20
12:52
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12:52
Upgrade
Auto Trader Group rating change at Goldman Sachs »

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