Industrials

Boeing Statement on 737-9 Inspections

/ / Industrials /

SEATTLE, Jan. 6, 2024 /PRNewswire/ — Boeing [NYSE: BA] today issued the following statement: “Safety is our top priority and we deeply regret the impact this event has had on our customers and their passengers. We agree with and fully support the FAA’s decision to require immediate inspections of 737-9 airplanes with the same configuration as the affected airplane. In addition, a Boeing technical team is supporting the NTSB’s investigation into last night’s event. We will remain in close contact with our regulator and customers.” Contact Boeing Communications [email protected] SOURCE Boeing

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General Dynamics Announces Personnel Moves

/ / Industrials /

General Dynamics Announces Personnel Moves PR Newswire RESTON, Va., Jan. 5, 2024 RESTON, Va., Jan. 5, 2024 /PRNewswire/ — General Dynamics (NYSE:GD) announced today that Mark Roualet, who currently serves as executive vice president of Combat Systems, has informed the company that he will retire in April. He will be succeeded by Danny Deep, who currently serves as president of General Dynamics Land Systems, effective April 15. “Mark has served General Dynamics with distinction for over 40 years with a demonstrated record of operational excellence,” said Phebe Novakovic, chairman and chief executive officer. “Danny is a capable, tested leader with a deep background in operations and land forces programs,” said Novakovic. Deep will be succeeded by David Paddock, who currently serves as president of Jet Aviation, effective April 1. Paddock will be replaced as president of Jet Aviation by Jeremie Caillet, who currently serves as senior vice president of operations

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December Manufacturing Contraction Deepens, S&P Global Survey Shows

/ / Industrials /

US manufacturing sector contraction worsened in December amid a decline in new orders, while business confidence rose to a three-month high, a survey released by S&P Global (SPGI) showed Tuesday. The S&P Global purchasing managers’ index fell to 47.9 last month from November’s 49.4 reading. The consensus was for a 48.4 print in a survey compiled by Bloomberg. The latest drop in the health of the manufacturing sector was “modest” overall and the quickest since August, according to the report. “Output fell at the fastest rate for six months as the recent order book decline intensified,” S&P Global Market Intelligence Chief Business Economist Chris Williamson said. “Manufacturing will therefore likely have acted as a drag on the economy in the fourth quarter.” Firms reported weakness in both domestic and external demand conditions last month amid uncertainty in global economy, while new export orders returned to contraction territory, the survey showed.

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CFRA Keeps Hold Opinion On Shares Of The Boeing Company

/ / Industrials /

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 of $275, raised by $39, reflects a 30x multiple applied to our newly-created 2025 EPS estimate. The applied multiple is moderately above BA’s recent historical forward average, but predicated on an anticipated turnaround in supply chain woes that have weighed on BA post-Covid. We keep our 2023 operating loss estimate of $5.33, and our 2024 EPS estimate of $4.91. We also initiate a 2025 EPS estimate of $9.15. We still think BA has work to do on the supply chain front, as the recent advisory to customers to check on loose bolts would suggest. Nonetheless, we do view this as just a matter of time, and the commercial market outlook for new aircraft continues to improve, with likely tailwinds for both BA and

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Retail Sales Rise Less Than Expected During Holiday Season, Mastercard Report Shows

/ / Industrials /

US retail sales grew less than expected during the holiday season and fell well short of last year’s growth pace, according to a Mastercard (MA) report released Tuesday. Retail sales excluding automotive increased 3.1% year-over-year from Nov. 1 to Dec. 24, the Mastercard SpendingPulse report showed. That’s slower than the 3.7% rise it expected in September and last year’s 7.6% growth pace. SpendingPulse covers in-store and online retail sales across all forms of payment. The report showed apparel spending rose 2.4% and increased 7.8% at restaurants. Outlays on jewelry, however, fell 2%. “This holiday season, the consumer showed up, spending in a deliberate manner,” Mastercard Economics Institute Chief Economist Michelle Meyer said. “The economic backdrop remains favorable with healthy job creation and easing inflation pressures, empowering consumers to seek the goods and experiences they value most.” Online sales rose 6.3% year over year while in-store purchases were up 2.2%, according

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United Parcel Service (NYSE:UPS) Stock Analyst Ratings

/ / Industrials /

United Parcel Service (NYSE:UPS) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/26/2023 -2.05% Daiwa Capital → $155 Downgrades Outperform → Neutral 12/21/2023 -1.42% JP Morgan $165 → $156 Maintains Neutral 10/11/2023 12.48% JP Morgan $186 → $178 Maintains Neutral 10/02/2023 1.11% Susquehanna $173 → $160 Maintains Neutral 09/29/2023 26.38% Raymond James $205 → $200 Maintains Strong Buy 09/29/2023 7.42% HSBC → $170 Initiates Coverage On → Hold 09/28/2023 10.58% Barclays $180 → $175 Maintains Equal-Weight 09/18/2023 16.27% Oppenheimer $195 → $184 Maintains Outperform 09/14/2023 16.9% TD Cowen $190 → $185 Maintains Market Perform 09/12/2023 11.85% B of A Securities $190 → $177 Maintains Neutral 09/12/2023 13.11% Evercore ISI Group $185 → $179 Maintains In-Line 09/12/2023 13.74% Citigroup $200 → $180 Maintains Buy 09/12/2023 23.22% Stephens & Co. → $195 Reiterates Equal-Weight → Equal-Weight 08/11/2023 25.75% Stifel → $199 Maintains Buy 08/09/2023

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Fiserv, Inc. (NYSE: FI) Stock Analyst Ratings

/ / Industrials /

Fiserv, Inc. (NYSE: FI) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/22/2023 31.37% Tigress Financial $160 → $175 Maintains Buy 12/05/2023 14.11% BMO Capital → $152 Initiates Coverage On → Outperform 11/16/2023 12.6% UBS $140 → $150 Maintains Buy 11/16/2023 12.6% Mizuho $140 → $150 Maintains Buy 11/16/2023 8.1% RBC Capital → $144 Reiterates Outperform → Outperform 11/16/2023 12.6% Wedbush → $150 Reiterates Outperform → Outperform 11/16/2023 -0.16% Morgan Stanley $129 → $133 Maintains Equal-Weight 10/25/2023 31.37% Susquehanna $170 → $175 Maintains Positive 10/25/2023 10.35% Raymond James $145 → $147 Maintains Outperform 10/20/2023 5.1% UBS → $140 Assumes Buy → Buy 10/17/2023 -9.92% Truist Securities $130 → $120 Maintains Hold 08/22/2023 9.6% JP Morgan $136 → $146 Maintains Overweight 08/01/2023 8.1% RBC Capital → $144 Reiterates Outperform → Outperform 07/27/2023 -3.16% Morgan Stanley $126 → $129 Maintains Equal-Weight 07/27/2023 1.34% Stephens

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Accenture Expands Digital Transformation Capabilities for Italy’s Public Sector With Acquisition of Customer Management IT and SirfinPA

/ / Industrials /

Accenture Expands Digital Transformation Capabilities for Italy’s Public Sector with Acquisition of Customer Management IT and SirfinPA MILAN & NEW YORK–(BUSINESS WIRE)–December 22, 2023– Accenture (NYSE: ACN) has signed an agreement to acquire Customer Management IT and SirfinPA, a pair of jointly-owned Italian technology consultancies supporting the public sector and specializing in justice and public safety. The acquisition aligns with Accenture’s focus on helping Italian public service organizations build their digital core and deliver enhanced services to the citizens they serve. Founded in 2010, with offices in Rome, Naples and Cosenza, Customer Management IT and SirfinPA are leading players within the Italian IT sector. Recognized for their work across the country’s national justice ecosystem, Customer Management IT and SirfinPA have supported the Italian Ministry of Justice by building and supporting technology applications in the central criminal justice department and have provided digital infrastructure for trials. With a multidisciplinary staff of

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Accenture (NYSE:ACN) stock Analyst Ratings

/ / Industrials /

Accenture (NYSE:ACN) stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/20/2023 7.07% UBS $333 → $365 Maintains Neutral 12/14/2023 5.6% Wedbush $330 → $360 Maintains Outperform 11/16/2023 20.27% Redburn Atlantic → $410 Initiates Coverage On → Buy 11/07/2023 -2.32% UBS → $333 Initiates Coverage On → Neutral 09/29/2023 -0.26% RBC Capital → $340 Reiterates Outperform → Outperform 09/29/2023 2.67% BMO Capital $360 → $350 Maintains Market Perform 09/29/2023 -12% TD Cowen $312 → $300 Maintains Market Perform 09/29/2023 -5.54% Baird $332 → $322 Maintains Neutral 09/29/2023 -12% Piper Sandler $312 → $300 Maintains Neutral 09/27/2023 5.6% BMO Capital $355 → $360 Maintains Market Perform 09/26/2023 -3.2% Wedbush → $330 Reiterates Outperform → Outperform 09/22/2023 -8.48% Piper Sandler $314 → $312 Maintains Neutral 09/18/2023 5.02% Citigroup $358 → $358 Maintains Buy 09/12/2023 -8.48% TD Cowen $300 → $312 Maintains Market Perform 09/12/2023 4.14%

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Key Boeing Supplier Nabs an Upgrade. There’s a Good Reason to Buy Its Stock. — Barrons.com

/ / Industrials /

Embattled Boeing supplier Spirit AeroSystems Holdings caught an upgrade. It isn’t a bullish call, but there is one compelling thing about its shares that investors should consider. On Wednesday, Morgan Stanley analyst Kristine Liwag upgraded shares of Spirit Aero to Hold from Sell. She raised her price target to $35 a share from $22. It isn’t a Buy, but any upgrade is a relief for Spirit Aero investors. Things have been incredibly difficult for the fuselage supplier in recent years. Shares are down about 65% from April 2019, just after the Boeing 737 MAX was grounded worldwide following two deadly crashes. After the MAX grounding came Covid-19, which reduced demand for air travel. Spirit Aero has used more than $1 billion since the MAX grounding just to keep its business afloat. Free cash flow is expected to return in 2024. That and improving demand for air travel prompted the ratings

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Mastercard Inc. (NYSE: MA) Stock Analyst Ratings

/ / Industrials /

Mastercard Inc. (NYSE: MA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/20/2023 — Monness, Crespi, Hardt Initiates Coverage On → Neutral 12/12/2023 12.46% Jefferies $425 → $480 Maintains Buy 12/07/2023 15.97% Tigress Financial $476 → $495 Maintains Strong Buy 12/05/2023 11.29% BMO Capital → $475 Assumes → Outperform 10/31/2023 -1.6% Mizuho $435 → $420 Maintains Buy 10/30/2023 10.12% Barclays $479 → $470 Maintains Overweight 10/27/2023 1.21% RBC Capital $441 → $432 Maintains Outperform 10/27/2023 10.58% BMO Capital $488 → $472 Maintains Outperform 10/27/2023 2.85% Morgan Stanley $443 → $439 Maintains Overweight 10/27/2023 5.9% Raymond James $453 → $452 Maintains Outperform 10/27/2023 0.74% Keybanc $440 → $430 Maintains Overweight 10/18/2023 3.09% Keybanc $435 → $440 Maintains Overweight 10/13/2023 -0.66% HSBC → $424 Initiates Coverage On → Hold 10/12/2023 12.22% Barclays $480 → $479 Maintains Overweight 10/12/2023 8.94% Seaport Global → $465 Initiates

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Visa Inc. (NYSE:V) Stock Analyst Ratings

/ / Industrials /

Visa Inc. (NYSE:V) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/20/2023 — Monness, Crespi, Hardt Initiates Coverage On → Neutral 12/14/2023 17.22% UBS $295 → $305 Maintains Buy 12/12/2023 13.37% Jefferies $280 → $295 Maintains Buy 12/05/2023 7.61% BMO Capital → $280 Initiates Coverage On → Outperform 10/31/2023 -6.61% Mizuho $240 → $243 Maintains Neutral 10/30/2023 6.84% Barclays $285 → $278 Maintains Overweight 10/25/2023 3.77% Wedbush → $270 Reiterates Outperform → Outperform 10/25/2023 10.3% Raymond James $284 → $287 Maintains Outperform 10/18/2023 -3.15% Oppenheimer $248 → $252 Maintains Outperform 10/18/2023 5.69% Keybanc $265 → $275 Maintains Overweight 10/13/2023 2.23% HSBC → $266 Initiates Coverage On → Hold 10/12/2023 9.53% Barclays $287 → $285 Maintains Overweight 10/12/2023 — Seaport Global Initiates Coverage On → Neutral 10/09/2023 12.61% JP Morgan $296 → $293 Maintains Overweight 09/14/2023 9.15% Baird → $284 Reiterates Outperform →

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