Industrials

Lockheed Martin Takes Next Step in Homeland Missile Defense Interceptor Acquisition Process

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Lockheed Martin Takes Next Step in Homeland Missile Defense Interceptor Acquisition Process HUNTSVILLE, Ala., Feb. 28, 2024 Company continues unprecedented progress to advance Next Generation Interceptor program HUNTSVILLE, Ala., Feb. 28, 2024  — In November 2023, Lockheed Martin (NYSE: LMT) successfully completed a Missile Defense Agency (MDA) acquisition milestone for the nation’s modernized long range ballistic missile interceptor. The company completed the first Knowledge Point — known as KP1 — ahead of schedule, taking a major contractual step forward that allows its Next Generation Interceptor (NGI) program to continue development towards the Critical Design Review (CDR). During KP1, the MDA evaluated Lockheed Martin’s development progress to date. This includes completing design review milestones and demonstrating significant maturation across critical technologies, manufacturing readiness, and utility of the company’s NGI Software Factory. This KP1 achievement follows the program’s All Up Round Preliminary Design Review, which Lockheed Martin executed on-schedule in September. “I’m

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American Express Seeing an Ease in Small Business Spending

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American Express says small businesses are showing signs of moderation as consumer spending remains strong. CFO Christophe Le Caillec says at the UBS Financial Services Forum that tenured small-business customers have been spending less, which is dampening the company’s growth rates. Still, consumers are “doing what they do best, which is to consume,” Le Caillec says. He notes strong demand for new cards from consumers and strong spending growth, with the caveat that American Express’s customers may not be representative of the entire U.S. economy. Shares rise 0.9% to $216.52.

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FedEx Fiscal Q3, Q4 Estimates Cut on ‘Weaker’ Express Segment Margin, UBS Says

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FedEx (FDX) fiscal Q3 and Q4 earnings per share estimates have been lowered on the “weaker” Express segment margin, UBS Securities said in a note Friday. UBS reduced its fiscal Q3 earnings forecast for FedEx to $3.20 from $3.32 because of “a challenging weather backdrop in January with unusually high snowfall in key areas of their Express network and nine consecutive days of national service disruption.” The firm sees Express breaking even in the quarter, compared with prior expectation of a 0.5% margin. For fiscal Q4, the firm lowered EPS estimate to $5.47 from $5.76 to reflect “a more cautious view on Express margin.” UBS maintained its buy rating with $323 price target on FedEx stock.

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Boeing Appoints Uma Amuluru Human Resources Leader

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Boeing Appoints Uma Amuluru Human Resources Leader – Michael D’Ambrose announces retirement after four-decade career – Experienced Boeing leader Uma Amuluru to succeed D’Ambrose in leading the company’s global Human Resources organization PR Newswire ARLINGTON, Va., Feb. 22, 2024 ARLINGTON, Va., Feb. 22, 2024 /PRNewswire/ — Boeing [NYSE: BA] today announced Uma Amuluru as the company’s Chief Human Resources Officer and executive vice president, Human Resources, effective April 1. Amuluru succeeds Michael D’Ambrose who announced his plans to retire this July. In her new role, Amuluru will be responsible for Boeing’s talent planning, global talent acquisition, learning and development, compensation and benefits, employee and labor relations, and diversity and inclusion initiatives. She will report to Boeing President and CEO David Calhoun and serve on the company’s Executive Council. “Uma is a superb leader with a strong track record of building terrific teams and strengthening complex organizations. Continuing to invest in

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Accenture (NYSE:ACN) Stock Analyst Ratings

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Accenture (NYSE:ACN) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/20/2024 2.32% RBC Capital → $374 Reiterates Outperform → Outperform 02/14/2024 -0.42% Baird $344 → $364 Maintains Neutral 01/30/2024 16.54% Mizuho → $426 Initiates Coverage On → Buy 01/25/2024 9.43% UBS $365 → $400 Maintains Neutral 01/24/2024 9.43% Morgan Stanley $369 → $400 Maintains Overweight 12/20/2023 5.33% BMO Capital $350 → $385 Maintains Market Perform 12/20/2023 -0.14% UBS $333 → $365 Maintains Neutral 12/14/2023 -1.51% Wedbush $330 → $360 Maintains Outperform 11/16/2023 12.17% Redburn Atlantic → $410 Initiates Coverage On → Buy 11/07/2023 -8.9% UBS → $333 Initiates Coverage On → Neutral 09/29/2023 -6.98% RBC Capital → $340 Reiterates Outperform → Outperform 09/29/2023 -4.25% BMO Capital $360 → $350 Maintains Market Perform 09/29/2023 -17.93% TD Cowen $312 → $300 Maintains Market Perform 09/29/2023 -11.91% Baird $332 → $322 Maintains Neutral 09/29/2023 -17.93%

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

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Fiserv, Inc. (NYSE: FI) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/12/2024 14.19% Barclays $150 → $165 Maintains Overweight 02/08/2024 8.66% BMO Capital $152 → $157 Maintains Outperform 02/07/2024 21.81% B. Riley Securities $152 → $176 Maintains Buy 02/07/2024 0.35% Truist Securities $140 → $145 Maintains Hold 02/07/2024 -1.72% Morgan Stanley $133 → $142 Maintains Equal-Weight 02/07/2024 9.35% RBC Capital $144 → $158 Maintains Outperform 02/07/2024 3.81% Stephens & Co. $140 → $150 Maintains Equal-Weight 01/18/2024 7.97% Mizuho $150 → $156 Maintains Buy 01/08/2024 10.73% Keybanc → $160 Upgrades Sector Weight → Overweight 12/22/2023 21.12% Tigress Financial $160 → $175 Maintains Buy 12/05/2023 5.2% BMO Capital → $152 Initiates Coverage On → Outperform 11/16/2023 3.81% UBS $140 → $150 Maintains Buy 11/16/2023 3.81% Mizuho $140 → $150 Maintains Buy 11/16/2023 -0.34% RBC Capital → $144 Reiterates Outperform → Outperform 11/16/2023 3.81%

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