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LUV

Southwest

$55.04

0.56 (1.03%)

, BA

Boeing

$329.84

-2.46 (-0.74%)

07:05
01/16/20
01/16
07:05
01/16/20
07:05

Southwest removing Boeing MAX from flight schedule through June 6

In an update posted to its corporate website, Southwest (LUV) stated: "Southwest Airlines continues to monitor information from Boeing and the Federal Aviation Administration on the impending 737 MAX software enhancements and training requirements. We remain confident that, once certified by the FAA, the enhancements will support the safe operation of the MAX. We previously removed the MAX through April 13, 2020 to offer reliability to our operation and stability for our Customers. Based on continued uncertainty around the timing of MAX return to service, the Company is proactively removing the MAX from its flight schedule through June 6, 2020. By proactively removing the MAX from scheduled service, we can reduce last-minute flight cancellations and unexpected disruptions to our Customers' travel plans. The limited number of Customers who have already booked their travel and will be affected by our amended schedule will be notified of their re-accommodated travel according to our flexible accommodation procedures. The revision will proactively remove roughly 330 weekday flights from our schedule out of our total peak-day schedule of more than 4,000 daily flights. We offer our apologies to our Customers impacted by this change, and we thank them for their continued patience." Reference Link

LUV

Southwest

$55.04

0.56 (1.03%)

BA

Boeing

$329.84

-2.46 (-0.74%)

  • 23

    Jan

  • 29

    Jan

LUV Southwest
$55.04

0.56 (1.03%)

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).
01/08/20
BOFA
01/08/20
DOWNGRADE
BOFA
Neutral
Southwest downgraded to Neutral from Buy at BofA
BofA analyst Andrew Didora downgraded Southwest to Neutral from Buy.
01/08/20
BOFA
01/08/20
DOWNGRADE
Target $60
BOFA
Neutral
Southwest's 737 MAX headaches to continue through mid-2020, says BofA
BofA analyst Andrew Didora downgraded Southwest (LUV) to Neutral from Buy with a $60 price target, saying he thinks he may have been to early with his September upgrade, as he thought the return of the 737 MAX (BA) would help drive more normalized earnings power and strong margin growth in 2020. However, Didora notes Boeing's revised North America return to service estimate to April from March, adding that he expects Southwest's 737 MAX headaches to continue through mid-2020.
01/09/20
VERT
01/09/20
DOWNGRADE
Target $58
VERT
Hold
Southwest downgraded to Hold from Buy at Vertical Research
Vertical Research downgraded Southwest to Hold from Buy with a $58 price target.
BA Boeing
$329.84

-2.46 (-0.74%)

01/08/20
01/08/20
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 Market Perform from Outperform at Cowen with analyst Cai von Rumohr saying while Dave Calhoun is good choice to lead the company, additional costs from the MAX production suspension and certification delays will hold Boeing's free cash flow to $15 per share in 2020 and $26 in 2021 with a "flattish" 2022. 2. STMicroelectronics (STM) downgraded to Neutral from Buy at Goldman Sachs with analyst Alexander Duval saying since STMicroelectronics was added to the firm's Buy List in August of last year, shares are up by 53%, and it is now being downgraded following its outperformance with its thesis being largely played out. 3. FireEye (FEYE) downgraded to Neutral from Buy at BofA with analyst Tal Liani saying FireEye's stock has been range-bound between $10 and $20 for the past four years due to a slow turnaround process and legacy components hurting growth reacceleration, adding that he sees the potential for this scenario to continue. 4. Castlight Health (CSLT) downgraded to Underweight from Equal Weight at Wells Fargo with analyst Jamie Stockton saying the loss of Walmart (WMT) as a flagship customer and continued churn within the Jiff customer base drove organic growth from 14% in 2018 to negative 9% in 2019. 5. Waters (WAT) downgraded to Underperform from Hold at Needham with analyst Stephen Unger saying a series of end-of-the quarter channel checks revealed continued weakness in demand for LC instruments within the pharmaceutical end-market in Q4 and an expectation of continued sluggish demand in 2020. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/09/20
BREN
01/09/20
DOWNGRADE
Target $350
BREN
Hold
Boeing downgraded to Hold from Buy at Berenberg
Berenberg analyst Andrew Gollan downgraded Boeing to Hold from Buy with a price target of $350, down from $410. The grounding of the 737 Max has lasted "far longer" than expected, and Boeing's decision to halt production adds uncertainty regarding the plane's restoration timing and costs, Gollan tells investors in a research note. Further, the 787-800 crash in Iran yesterday "adds further pressure on the stock," says the analyst. Gollan assumes the 737 Max returns to service by mid-Q2 with a further $4B in associated charges.
01/09/20
01/09/20
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Tesla (TSLA) downgraded to Neutral from Outperform at Baird wiht analyst Ben Kallo saying Tesla's risk/reward is more balanced following the recent stock appreciation. 2. Boeing (BA) downgraded to Hold from Buy at Berenberg with analyst Andrew Gollan saying the grounding of the 737 Max has lasted "far longer" than expected, and Boeing's decision to halt production adds uncertainty regarding the plane's restoration timing and costs. 3. Fate Therapeutics (FATE) downgraded to Market Perform from Outperform at BMO Capital with analyst Do Kim saying the "clean" iPSC safety and positive FT516 efficacy expectations are fully reflected in the shares. 4. Organigram (OGI) downgraded to Market Perform from Outperform at Raymond James. 5. Trupanion (TRUP) downgraded to Hold from Buy at Stifel with analyst Jonathan Block saying he continues to believe in the long-term story surrounding medical insurance for companion animals. However, the stock has run in a short period of time, and the competitive landscape may possibly intensify, which could exert more demands on out-year pet acquisition cost. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/15/20
BOFA
01/15/20
DOWNGRADE
Target $77
BOFA
Neutral
Spirit AeroSystems downgraded to Neutral from Buy at BofA
BofA analyst Ronald Epstein downgraded Spirit AeroSystems (SPR) to Neutral from Buy with a price target of $77, down from $105. The analyst cites increased risks to the company's margin and performance following its announcement to halt Boeing's (BA) 737 MAX aircraft production as well as the layoff for its 2,800 employees in Wichita related to the production halt. Epstein remains positive on the management's focus on cost control, cash flow generation, and margin expansion, however.

TODAY'S FREE FLY STORIES

TPR

Tapestry

$28.46

-0.43 (-1.49%)

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11:55
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Treasury's $78 B in 3- and 6-month bill auctions were well received »

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NIO

NIO Inc.

$5.10

0.425 (9.10%)

11:45
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11:42
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JAZZ

Jazz Pharmaceuticals

$151.11

0.11 (0.07%)

11:39
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  • 29

    Jan

AIG

AIG

$51.93

-0.95 (-1.80%)

, AON

Aon plc

$211.62

-0.15 (-0.07%)

11:36
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AIG

AIG

$51.93

-0.95 (-1.80%)

AON

Aon plc

$211.62

-0.15 (-0.07%)

BRO

Brown & Brown

$41.32

-0.095 (-0.23%)

MMC

Marsh & McLennan

$114.27

0.16 (0.14%)

WLTW

Willis Towers Watson

$205.62

0.67 (0.33%)

03/08/13
Wedge Partners
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03/06/13
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03/06/13
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  • 22

    Jan

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    Jan

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    Jan

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    Jan

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    Jan

  • 06

    Feb

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    Feb

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    Feb

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    Feb

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    Feb

TRIP

TripAdvisor

$30.53

-0.38 (-1.23%)

11:35
01/21/20
01/21
11:35
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11:35
Options
TripAdvisor put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 13

    Feb

11:34
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Stephens life science analyst to hold a group luncheon »

Life Science Tools &…

YARIY

Yara

$0.00

(0.00%)

11:33
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Yara announces investigation by Spanish competition regulator »

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VALE

Vale

$13.37

-0.275 (-2.02%)

11:29
01/21/20
01/21
11:29
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11:29
Periodicals
Charges filed against Vale, TUV SUD for deadly dam collapse, WSJ reports »

Individuals at Vale and…

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UBER

Uber

$36.94

1.82 (5.18%)

11:28
01/21/20
01/21
11:28
01/21/20
11:28
Recommendations
Uber analyst commentary  »

Uber financial discipline…

03/08/13
Wedge Partners
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03/06/13
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  • 06

    Feb

LVS

Las Vegas Sands

$70.95

-3.12 (-4.21%)

11:25
01/21/20
01/21
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Options
Las Vegas Sands call volume above normal and directionally bullish »

Bullish option flow…

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SRRA

Sierra Oncology

$0.39

-0.0109 (-2.73%)

11:25
01/21/20
01/21
11:25
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11:25
Conference/Events
Sierra Oncology to host virtual special shareholder meeting »

Virtual Special…

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  • 21

    Jan

11:25
01/21/20
01/21
11:25
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11:25
Conference/Events
The National Economists Club to hold a luncheon meeting »

Gregory Daco, Chief U.S.…

11:25
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Conference/Events
CFA Society of Columbus to hold luncheon meeting on 2020 fixed income »

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INTC

Intel

$60.68

1.1 (1.85%)

, LB

L Brands

$20.40

0.24 (1.19%)

11:18
01/21/20
01/21
11:18
01/21/20
11:18
On The Fly
Intel, L Brands, Costco upgrades among today's top analyst calls »

Check out today's top…

INTC

Intel

$60.68

1.1 (1.85%)

LB

L Brands

$20.40

0.24 (1.19%)

COST

Costco

$311.46

6.78 (2.23%)

DG

Dollar General

$157.97

(0.00%)

LL

Lumber Liquidators

$8.46

-0.89 (-9.52%)

MS

Morgan Stanley

$55.51

-2 (-3.48%)

03/08/13
Wedge Partners
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03/06/13
Citigroup
03/06/13
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  • 22

    Jan

  • 23

    Jan

  • 12

    Feb

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    Feb

  • 05

    Mar

LRCX

Lam Research

$311.12

3.14 (1.02%)

11:17
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Lam Research analyst commentary  »

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  • 29

    Jan

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
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COLM

Columbia Sportswear

$97.10

1.51 (1.58%)

, VFC

VF Corp.

$94.20

-0.05 (-0.05%)

11:15
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COLM

Columbia Sportswear

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VFC

VF Corp.

$94.20

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KTB

Kontoor Brands

$42.31

0.595 (1.43%)

YETI

Yeti

$36.33

2.1 (6.13%)

03/08/13
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03/06/13
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  • 23

    Jan

  • 06

    Feb

RCL

Royal Caribbean

$129.08

-5.96 (-4.41%)

11:15
01/21/20
01/21
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11:15
Options
Royal Caribbean put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
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  • 26

    Feb

11:15
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01/21
11:15
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11:15
General news
Treasury announced $80 B in 4- and 8-week bills for Thursday's auctions »

Treasury announced $80 B…

11:15
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General news
U.S. equities opened with losses »

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11:15
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General news
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