Boeing CFO Says Company Will Move Toward Steady 737 Production Rate Of 38 Per Month In Second Half Of 2024; It Is Cycling 737 Production At 38 Per Month But Is Having To Slow Line Periodically.
Boeing (BA) reported Tuesday it delivered 27 aircraft in January 2024 , down from 67 in December and 38 a year earlier. The plane manufacturer booked three gross orders last month, down from 371 in December and 55 a year earlier, according to data on its website.
Boeing’s (NYSE:BA) January 2024 Deliveries, Orders Slump Read Post »
Lockheed Martin In 2024, On Track To Double Himars Production, Increased Javelin’s Production To 2,400 Units/Yr, Will Deliver More Than 10,000 GMLRS.
Lockheed Martin In 2024, On Track To Double Himars Production Read Post »
United Parcel Service (NYSE:UPS) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/16/2024 15.5% Baird $165 → $170 Upgrades Neutral → Outperform 02/06/2024 18.9% UBS $160 → $175 Upgrades Neutral → Buy 01/31/2024 18.9% Raymond James $185 → $175 Maintains Strong Buy 01/31/2024 8.71% BMO Capital $165 → $160 Maintains Market Perform 01/31/2024 1.92% Susquehanna $155 → $150 Maintains Neutral 01/31/2024 — Argus Research Downgrades Buy → Hold 01/31/2024 -1.48% Barclays $150 → $145 Maintains Equal-Weight 01/16/2024 25.7% Raymond James $170 → $185 Maintains Strong Buy 01/10/2024 29.09% Stifel $180 → $190 Maintains Buy 12/26/2023 5.31% Daiwa Capital → $155 Downgrades Outperform → Neutral 12/21/2023 5.99% JP Morgan $165 → $156 Maintains Neutral 10/11/2023 20.94% JP Morgan $186 → $178 Maintains Neutral 10/02/2023 8.71% Susquehanna $173 → $160 Maintains Neutral 09/29/2023 35.89% Raymond James $205 → $200 Maintains Strong Buy 09/29/2023 15.5%
United Parcel Service (NYSE:UPS) Stock Analyst Ratings Read Post »
Baird analyst Benjamin Hartford upgrades United Parcel Service (NYSE:UPS) from Neutral to Outperform and raises the price target from $165 to $170.
Baird raises United Parcel Service (NYSE:UPS) price target from $165 to $170 Read Post »
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: Our 12-month target price remains $194, reflecting a 25x multiple applied to our 2025 EPS estimate, below The Boeing Company (NYSE:BA)’s recent historical forward average. We think a discounted multiple is reasonable in light of elevated regulatory risk. We cut our 2024 EPS estimate by $0.67 to $3.34, but leave 2025’s at $7.76. BA noted recently that its January production cadence was below the production limit of 38 737-MAX aircraft that has been temporarily imposed by the FAA. We still think BA will gradually expand production toward that 38 limit during 2024, but our EPS reduction in 2024 reflects a slower pace, particularly in 1H 2024. The secular backdrop for BA remains attractive, given a lot of expected retirements of aging aircraft over the next 20 years.
CFRA Keeps Sell Opinion On Shares Of The Boeing Company (NYSE:BA) Read Post »
Accenture (NYSE:ACN) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/14/2024 -1.16% Baird $344 → $364 Maintains Neutral 01/30/2024 15.67% Mizuho → $426 Initiates Coverage On → Buy 01/25/2024 8.61% UBS $365 → $400 Maintains Neutral 01/24/2024 8.61% Morgan Stanley $369 → $400 Maintains Overweight 12/20/2023 4.54% BMO Capital $350 → $385 Maintains Market Perform 12/20/2023 -0.89% UBS $333 → $365 Maintains Neutral 12/14/2023 -2.25% Wedbush $330 → $360 Maintains Outperform 11/16/2023 11.33% Redburn Atlantic → $410 Initiates Coverage On → Buy 11/07/2023 -9.58% UBS → $333 Initiates Coverage On → Neutral 09/29/2023 -7.68% RBC Capital → $340 Reiterates Outperform → Outperform 09/29/2023 -4.96% BMO Capital $360 → $350 Maintains Market Perform 09/29/2023 -18.54% TD Cowen $312 → $300 Maintains Market Perform 09/29/2023 -12.57% Baird $332 → $322 Maintains Neutral 09/29/2023 -18.54% Piper Sandler $312 → $300 Maintains Neutral 09/27/2023 -2.25% BMO
Accenture (NYSE:ACN) Stock Analyst Ratings Read Post »
General Electric Vernova Is Expected to Spin Off From GE in Early April, Subject to Final Approval From the GE Board and Other Customary Conditions.
General Electric Vernova Is Expected to Spin Off From GE in Early April Read Post »
General Electric late Thursday filed a long-awaited form with the Securities and Exchange Commission that provides investors with key details about the upcoming breakup of the company into GE Aerospace and GE Vernova. The Form 10 filing is used to register new securities. In this case, the securities are for GE Vernova — the power generation company inside of GE that officially is being spun off. The Form 10 runs 272 pages. Here are a few things Barron’s took from the filing along with a little context. No Debt GE Vernova will start life with more cash than debt. In fact, it won’t have any debt at all. The cash balance should be about $4.2 billion at the time of the spinoff. That will leave GE Aerospace with about $15 billion in cash and $18 billion in debt. GE also is, essentially, paying back about $1 billion in debt using
Goldman Sachs analyst Jerry Revich maintains Caterpillar (NYSE:CAT) with a Buy and raises the price target from $274 to $357.
Goldman Sachs raises Caterpillar (NYSE:CAT) price target from $274 to $357 Read Post »
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: Our unchanged 12-month target price of $160, 16.1x our 2025 EPS estimate, discounts FI’s three-year average of 17.4x, merited given the mixed Q4 bag. Strong organic revenue guidance for 2024 (15%-17%) and Q4 Merchant Acceptance growth took a backseat to Fintech declines (-3% Y/Y). We lift our 2024 EPS view to $8.65 from $8.60 and set 2025’s at $9.95. Revenue came in at $4.64B (+6% Y/Y), missing consensus of $4.68B, while Q4 adj-EPS of $2.19 edged out consensus by $0.04. Clover posted an encouraging 30% Y/Y revenue increase as VAS penetration spiked to 19% (vs. 16% Y/Y), boosting transaction yields by 17% ($271B in annualized GPV) and driving a 14% revenue rise for Merchant Acceptance. Adj-operating margin expanded 150 bps in Q4 (40.7%) and 220 bps in
CFRA Keeps Buy Recommendation On Shares Of Fiserv, Inc. Read Post »
FAA Administrator Says Has Not Determined How It Will Define Process To Allow Boeing To Eventually Increase 737 Production; Says It Must First Complete Audit And “Down The Road” Will Gauge What That Means For Boeing Increasing 737 Production.