New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 15, 2014
04:55 EDTWWD, WWD, TGI, TGI, BAESY, BAESY, COL, COL, ATI, ATI, RTI, RTI, ERJ, ERJ, ESL, ESL, PCP, PCP, WAIR, WAIR, BDRBF, BDRBFCredit Suisse events at Farnborough Air Show
Credit Suisse to hold meetings at the Farnborough Air Show in Farnborough, England on July 13-16.
News For WWD;WAIR;PCP;ESL;ERJ;RTI;ATI;COL;BAESY;TGI;BDRBF From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | all recent news | >>
January 16, 2015
07:58 EDTPCPPrecision Castparts downgraded to Hold from Buy at Canaccord
Subscribe for More Information
06:16 EDTBDRBFBombardier downgraded to Sector Performer from Outperformer at CIBC
06:16 EDTBDRBFBombardier downgraded to Neutral from Buy at Citigroup
Subscribe for More Information
January 15, 2015
19:17 EDTPCPPrecision Castparts sees Q3 EPS $3.05-$3.10, consensus $3.41
Sees Q3 revenue $2.42B-$2.47B, consensus $2.56B. Precision Castparts said that lower demand in oil & gas end markets, further aerospace engine destocking at a single customer, year-end customer inventory management actions, and an extended equipment upgrade negatively impacted the company's Q3 sales and earnings.
10:29 EDTCOL, BDRBFRockwell Collins outlook assumes zero for Learjet 85, says Wells Fargo
After Bombardier (BDRBF) announced it will 'pause' development of its all-composite Learjet-85 business jet due to weak demand, Wells Fargo points out that Rockwell Collins (COL) supplies the Learjet 85's avionics. Wells finds it unclear if Bombardier's decision will trigger any impairment for Rockwell, but notes the company already stated its FY15 revenue guidance assumes zero for Learjet 85. The firm adds United Technologies unit Pratt & Whitney Canada supplies the Learjet 85's engines while LMI Aerospace (LMIA) takes part in the plane's engineering. Wells estimates about 3% of LMI's recent sales have been tied to Learjet 85 development.
10:00 EDTWWD, PCPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Campus (ACC) downgraded to Sell from Neutral at Goldman... Apple (AAPL) downgraded to Neutral from Buy at Mizuho... Archer Daniels (ADM) downgraded to Neutral from Buy at Goldman... Barrick Gold (ABX) downgraded to Underweight from Equal Weight at Barclays... CNOOC (CEO) downgraded to Underperform from Hold at Jefferies... CSC (CSC) downgraded to Underweight from Neutral at JPMorgan... Computer Programs (CPSI) downgraded to Market Perform from Outperform at William Blair... D.R. Horton (DHI) downgraded to Neutral from Buy at UBS... DDR Corp. (DDR) downgraded to Neutral from Overweight at JPMorgan... Dominion Diamond (DDC) downgraded to Equal Weight from Overweight at Barclays... EVERTEC (EVTC) downgraded to Neutral from Overweight at JPMorgan... Education Realty (EDR) downgraded to Sell from Neutral at Goldman... Franco-Nevada (FNV) downgraded to Underweight from Equal Weight at Barclays... General Cable (BGC) downgraded to Neutral from Buy at Longbow... Green Dot (GDOT) downgraded to Neutral from Overweight at JPMorgan... Greif (GEF) downgraded to Neutral from Buy at BofA/Merrill... Grupo Simec (SIM) downgraded to Neutral from Buy at Goldman... Hecla Mining (HL) downgraded to Hold from Buy at BB&T... Host Hotels (HST) downgraded to Hold from Buy at MLV & Co.... Ingredion (INGR) downgraded to Sell from Neutral at Goldman... Insulet (PODD) downgraded to Market Perform from Outperform at Raymond James... Johnson & Johnson (JNJ) downgraded to Sell from Neutral at Goldman... Magna (MGA) downgraded to Hold from Buy at TD Securities... Molson Coors (TAP) downgraded to Neutral from Buy at Goldman... Nuverra Environmental (NES) downgraded at Roth Capital... Omnicom (OMC) downgraded to Hold from Buy at Evercore ISI... PetroChina (PTR) downgraded to Underperform from Hold at Jefferies... Philip Morris (PM) downgraded to Sell from Neutral at Goldman... Precision Castparts (PCP) downgraded to Hold from Buy at KeyBanc... Rio Tinto (RIO) downgraded to Neutral from Outperform at Macquarie... STAG Industrial (STAG) downgraded to Neutral from Overweight at JPMorgan... Silicon Laboratories (SLAB) downgraded to Equal Weight from Overweight at Barclays... Sinopec (SNP) downgraded to Underperform from Hold at Jefferies... Sky (SKYAY) downgraded to Neutral from Outperform at Exane BNP Paribas... Teledyne (TDY) downgraded to Underweight from Hold at KeyBanc... Woodward (WWD) downgraded to Underweight from Hold at KeyBanc... Xilinx (XLNX) downgraded to Equal Weight from Overweight at Barclays.
10:00 EDTESL, ERJOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
08:17 EDTBDRBFBombardier to hold a conference call
Subscribe for More Information
07:43 EDTBDRBFBombardier says Aerospace exceeded delivery target guidance
Subscribe for More Information
07:42 EDTBDRBFBombardier sees FY14 Aerospace cash flow from operations about $800M
Cash flow from operating activities at Aerospace is expected to be approximately $800M while net additions to property, plant and equipment, or PP&E, and intangible assets are expected to be approximately $1.8B, compared with a previous guidance for cash flow from operating activities between $1.2B-$1.6B and net additions to PP&E and intangible assets between $1.6B-$1.9B. The variation in Aerospace's cash flow from operating activities is mainly due to a lower level of customer advances, a lower EBIT and an increase in used aircraft inventory. Free cash flow for Transportation is expected to be slightly positive compared with a previous guidance of free cash flow generally in line with EBIT. This variation is mainly due to a different cash flow profile in some contracts and a lower level of advances on options in relation to framework contract agreements. As of December 31, 2014, available short-term capital resources were approximately $3.8B, including cash and cash equivalents of approximately $2.4B.
07:40 EDTBDRBFBombardier says certain financial guidance will not be met
Bombardier stated that following a review of preliminary results compiled by Bombardier for the fiscal year ended December 31, 2014, it has become clear that certain financial guidance previously provided will not be met. Based on these preliminary results, Bombardier is updating its guidance for 2014. Earnings before financing expenses, financing income and income taxes, or EBIT, before special items at Aerospace is expected to be approximately 4% compared with a previous guidance of 5%. The variation is mainly due to increased provisions for credit and residual value guarantees, pricing pressure on new aircraft sold, as well as a decrease in fair value of used aircraft. EBIT before special items at Transportation is expected to be approximately 5% compared to a previous guidance of 6%. This variation is mainly due to revised escalation assumptions for some contracts which impacted estimated future revenues.
07:38 EDTBDRBFBombardier says certain financial guidance will not be met
Subscribe for More Information
07:37 EDTBDRBFBombardier pauses Learjet 85 program, to reduce workforce by 1,000
Bombardier announced the pause of its Learjet 85 business aircraft program. The pause is due to weak demand for the Learjet 85 aircraft and follows a downward revision of Bombardier's business aircraft market forecast. This reflects the continued weakness of the Light aircraft category since the economic downturn. As a result, the company will record a pre-tax special charge in Q4 of approximately $1.4B mainly related to the impairment of the Learjet 85 development costs. Additionally, Bombardier will reduce its workforce by approximately 1,000 employees at its sites in Queretaro, Mexico, and Wichita, United States. A severance provision of approximately $25M will be recorded as a special item during 1Q15.
07:20 EDTERJEmbraer upgraded to Neutral from Underperform at Credit Suisse
Subscribe for More Information
06:55 EDTWWDWoodward downgraded to Underweight from Hold at KeyBanc
KeyBanc downgraded Woodward to Underweight with a $39 price target given exposure to weakening energy markets and premium valuation.
06:53 EDTPCPPrecision Castparts downgraded to Hold from Buy at KeyBanc
KeyBanc downgraded Precision Castparts to Hold given challenging energy related sales and risks with Power/Commercial OE.
06:49 EDTESLEsterline upgraded to Buy from Hold at KeyBanc
Subscribe for More Information
January 14, 2015
05:33 EDTERJEmbraer sees negative free cash flow of approximately $400M in 2014
Subscribe for More Information
January 13, 2015
16:59 EDTERJEmbraer delivers 30 commercial and 52 executive jets in Q4
Embraer S.A. delivered 30 commercial and 52 business jets, 38 light and 14 large jets, during Q4, thus closing out the year with 92 airplanes delivered to the commercial airline market and 116 to the executive aviation market, that is, 92 light and 24 large jets. On December 31, the firm order backlog stood at $20.9B.
11:31 EDTATIBofA/Merrill metals & steel analysts hold analyst/industry conference call
Subscribe for More Information
1 | 2 | 3 | 4 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use