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Fly News Breaks for May 24, 2019
May 24, 2019 | 07:15 EDT
SunTrust analyst Michael Ciarmoli raised his price target on RBC Bearings (ROLL) to $137 after its Q4 earnings beat and above-consensus outlook for Q1, saying the declines in its organic industrial revenue growth were offset by strength in the aerospace segment along with backlog growth and record margins. The analyst believes the company can sustain continued growth acceleration this year given the "manageable" risks related to Boeing's (BA) 737 MAX grounding, forecasting up to 100bps in margin expansion during FY20. Ciarmoli also keeps his Hold rating on the shares based on RBC Bearings' "full valuation."
News For ROLL;BA From the Last 2 Days
Feb 25, 2020 | 16:48 EDT
Very briefly today it appeared that the market would reverse its slide and bounce back from yesterday's selloff. However, by early... To see the rest of the story go to See Story Here
Feb 24, 2020 | 16:30 EST
The Boeing Company (BA) Board of Directors has nominated Steve Mollenkopf and Akhil Johri to be elected as directors at the company's upcoming annual meeting of shareholders. The board also announced independent directors Edward Liddy and Mike Zafirovski will not stand for re-election and will retire from board service at the meeting. Mollenkopf has served as CEO of Qualcomm (QCOM) since 2014. He has helped lead the company through the transitions to 3G, 4G and 5G since the beginning of his career as an engineer more than 25 years ago. Johri served as CFO of United Technologies (UTX) from 2015 to 2019. He previously held various executive positions of increasing responsibility over his 31-year career at the company and currently serves as an independent director of Cardinal Health (CAH).