Fly Intel: Top five analyst upgrades » 09:5404/1604/16/21
CMCSA, OSK, SPG, IQV, UAL
Catch up on today's…
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Comcast (CMCSA) upgraded to Outperform from Market Perform at Raymond James with analyst Frank Louthan believing there is future NBCUniversal upside from high single digit strength, Peacock subscriber growth, improved theatrical revenue, and phased theme park reopenings. 2. Oshkosh (OSK) upgraded to Buy from Neutral at UBS with analyst Steven Fisher saying the analyst expects an upcycle in rental equipment capex to translate into above consensus earnings for the company. 3. Simon Property (SPG) upgraded to Buy from Hold at Jefferies with analyst Linda Tsai saying trading at a two-turn turn discount to its five-year valuation on consensus estimates, Simon Property's "valuation can grow." 4. Iqvia (IQV) upgraded to Overweight from Equal Weight at Stephens with analyst Scott Schoenhaus saying he sees healthy top and bottom line accretion from Q2 Solutions Laboratory, which Iqvia required the remaining interest in from Quest (DGX) recently, and he believes the company's Real World Evidence segment should "accelerate at healthy levels." 5. United Airlines (UAL) upgraded to Buy from Hold at Argus with analyst John Staszak saying he has a favorable view of the company's plans to limit capacity, reduce structural costs, and restore margins to 2019 levels. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
B. Riley says Workhorse can deliver without Post Office, starts with Buy » 06:0204/1604/16/21
B. Riley analyst…
B. Riley analyst Christopher Souther initiated coverage of Workhorse Group with a Buy rating and $20 price target. The analyst believes Workhorse has the potential to "gain early footing with key customers as it ramps up production and sales this year." The company will be beating to market most of the electric competition focused on the delivery space by quarters or years with its C-Series ramp expected this year, Souther tells investors in a research note titled "Workhorse Can Deliver Even without the Post Office." The analyst believes the larger size cargo offers differentiation in the space relative to the smaller-volume vans coming from the large auto makers and upstarts.
Oshkosh upgraded to Buy from Neutral at UBS » 05:1504/1604/16/21
UBS analyst Steven Fisher…
UBS analyst Steven Fisher upgraded Oshkosh to Buy from Neutral with a price target of $146, up from $95. The analyst expects an upcycle in rental equipment capex to translate into above consensus earnings for the company. The peak for aerials this upcycle will exceed the prior 2018 peak, Fisher tells investors in a research note. The analyst highlights the "robust responses" to his firm's rental survey, strengthening macro indicators, and commentary from construction equipment dealers, which together give him confidence in the "inflection point" and potential strength of a recovery.
Workhorse Group initiated with a Buy at B. Riley » 21:3104/1504/15/21
B. Riley initiated…
B. Riley initiated coverage of Workhorse Group with a Buy rating and $20 price target.
Oshkosh price target raised to $110 from $92 at JPMorgan » 07:1604/1404/14/21
JPMorgan analyst Ann…
JPMorgan analyst Ann Duignan raised the firm's price target on Oshkosh to $110 from $92 and keeps a Neutral rating on the shares. Machinery demand trends remain favorable, says the analyst, who expects to see continued sequential revenue improvement across the group in Q1. Duignan anticipates "messy incremental/decremental margins" this quarter with only limited improvement to visibility into the second half of 2021. At current valuations, the risks appear weighted more to the downside, the analyst tells investors in a research note.
Oshkosh price target raised to $135 from $111 at Deutsche Bank » 06:4704/1304/13/21
Deutsche Bank analyst…
Deutsche Bank analyst Nicole DeBlase raised the firm's price target on Oshkosh to $135 from $111 and keeps a Buy rating on the shares. The analyst expects earnings beats to continue this quarter for the multi-industry group, but she expects the beats to "look less extreme." Further, the Q1 results are backward-looking, and companies may opt to leave rest-of-year guidance unchanged, given growing risk of supply chain constraints and "price/cost margin pinch as the recovery marches on," Deblase tells investors in a research note.
|Over a week ago|
Oshkosh price target raised to $133 from $125 at KeyBanc » 08:1004/0104/01/21
KeyBanc analyst Steve…
KeyBanc analyst Steve Barger raised the firm's price target on Oshkosh to $133 from $125 and keeps an Overweight rating on the shares. The analyst thinks Oshkosh is well positioned to benefit from volume-driven operating leverage as Pratt Miller and Microvast expand the product offering to incorporate EV/autonomous vehicles.
Charged: Tesla accepting bitcoin as form of payment for cars » 11:1303/2903/29/21
REGI, SPWR, CHPT, BWA, NKLA, RIDE, GIK, WKHS, OSK, F, NIO, AAPL, BITCOIN, BTC, TSLA
Welcome to The Fly's…
Workhorse Group up 2% in early trade as FAA page on drone application circulates » 09:5603/2603/26/21
Shares of Workhorse Group…
Shares of Workhorse Group are up 2% to $13.88 in early trading, which may be influenced by traders circulating a purported FAA Registry page related to the company's application for approval of its "Horsefly" drone, contacts tell The Fly. Reference Link
Postmaster General confident in Oshkosh delivery award decision, Reuters says » 15:5303/2303/23/21
U.S. Postmaster General…
U.S. Postmaster General Louis DeJoy defended awarding a contract to Oshkosh (OSK) potentially worth up to $6B to make up to 165,000 next-generation delivery vehicles instead of selecting Workhorse Group to construct an all-electric fleet, Reuters' David Shepardson reports. DeJoy told Reuters in an interview that he was briefed after the decision was made. "(USPS) thoroughly vetted and evaluated the decision," DeJoy said, adding that he was "pretty confident" in the move. he Fly notes that Workhorse (WKHS) was also competing to win the deal. Reference Link