Industrials

RTX’s Raytheon Says CHIMERA High-Power Microwave Weapon Field Test Completed in New Mexico

/ / Industrials /

RTX’s (RTX) Raytheon unit said Monday it and the US Air Force Research Laboratory have completed a three-week field test of the CHIMERA high-power microwave weapon at White Sands Missile Range, New Mexico. CHIMERA stands for Counter-Electronic High-Power Microwave Extended-Range Air Base Defense system, the company said. The company added the system has been designed to fire highly concentrated radio energy at multiple middle-to-long-range targets. Raytheon has collaborated with the Air Force Research Laboratory, Naval Surface Warfare Center Dahlgren Division, and the Undersecretary of Defense for Research and Engineering to complete the project, the company said.

RTX’s Raytheon Says CHIMERA High-Power Microwave Weapon Field Test Completed in New Mexico Read Post »

Boeing Expert Says 737 MAX Freeze & Certification Challenges May Lead To Customer Loss: BofA Analyst

/ / Industrials /

BofA Securities analyst Ronald J. Epstein hosted Chris Brady, author of The Boeing 737 Technical Guide, to discuss the Federal Aviation Administration’s (FAA) mandatory production freeze of Boeing Co’s (NYSE:BA) 737 MAX aircraft and the possible implications for MAX 7 and MAX 10 certification process. As per the analyst, Brady praised the FAA’s decision to freeze production rates and noted that an alternative (such as slowing down rates) could have been much worse for Boeing. The analyst is cautious about the probability of the MAX 7 and 10 aircraft being allowed Time Limit Exceptions (TLE) due to scrutiny related to the door plug incident of Alaska Air Group Inc (NYSE:ALK). Brady says that, before that incident, the FAA would have granted the TLE to Boeing. The analyst notes that Boeing has given June 2026 as a reasonable timeframe for fixing the anti-ice system. The analyst further adds that if certification is delayed until then, Boeing may face the risk

Boeing Expert Says 737 MAX Freeze & Certification Challenges May Lead To Customer Loss: BofA Analyst Read Post »

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 01/29/2024 16.39% Barclays $304 → $319 Maintains Overweight 01/26/2024 18.94% Susquehanna $300 → $326 Maintains Positive 01/26/2024 14.93% UBS $305 → $315 Maintains Buy 01/26/2024 12.74% RBC Capital $290 → $309 Maintains Outperform 01/26/2024 14.93% Keefe, Bruyette & Woods $305 → $315 Maintains Outperform 01/26/2024 2.16% Wedbush $270 → $280 Maintains Outperform 01/26/2024 13.47% Raymond James $287 → $311 Maintains Outperform 01/18/2024 -3.31% Mizuho $243 → $265 Maintains Neutral 01/08/2024 9.46% Keybanc $275 → $300 Maintains Overweight 12/20/2023 — Monness, Crespi, Hardt Initiates Coverage On → Neutral 12/14/2023 11.28% UBS $295 → $305 Maintains Buy 12/12/2023 7.63% Jefferies $280 → $295 Maintains Buy 12/05/2023 2.16% BMO Capital → $280 Initiates Coverage On → Outperform 10/31/2023 -11.34% Mizuho $240 → $243 Maintains Neutral 10/30/2023 1.43% Barclays $285 → $278 Maintains Overweight 10/25/2023

Visa Inc. (NYSE:V) Stock Analyst Ratings Read Post »

CFRA Keeps Hold Opinion On Shares Of General Dynamics Corporation

/ / 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 $20, reflects a 16.5x multiple of projected ’25 EPS, slightly above GD’s long-term historical forward average. We think a modest premium is reasonable given what should be an improving operating margin environment. We cut our ’24 EPS estimate by $0.17 to $14.67 and start ’25’s at $16.63. Q4 EPS of $3.64 vs. $3.58, missed the consensus view by $0.03, but we believe the miss was due entirely to the Gulfstream G700 not being certified by year-end, yielding fewer sales of the G700 in Q4 than expected. We do think GD can recover most of the lost ground on this front in ’24. GD’s book-to-bill ratio in Q4 in Aerospace was a solid 1.2x, and we think this augurs well over

CFRA Keeps Hold Opinion On Shares Of General Dynamics Corporation Read Post »

UPS Earnings Could Say a Lot About the Economy and Labor Costs — Barrons.com

/ / Industrials /

United Parcel Service’s fourth-quarter earnings, due Tuesday morning, will tell investors a lot about how the economy looks heading into a new year. For the quarter, Wall Street is looking for UPS to report an operating profit of $2.8 billion and earnings per share of $2.44 from sales of $25.4 billion, according to Bloomberg. A year ago, UPS reported an operating profit of $3.2 billion and EPS of $3.62 from sales of $27 billion. Weaker volumes from a slowing economy are partly responsible. Labor negotiations also are to blame — some businesses left the UPS network to avoid being caught in a potential work stoppage. While UPS managed to avoid a strike with the Teamsters union, the new labor deal created another issue. Workers received big wage increases to help offset high inflation in recent years. It is hard for UPS to raise prices all at once to offset labor

UPS Earnings Could Say a Lot About the Economy and Labor Costs — Barrons.com Read Post »

General Dynamics (NYSE:GD) Stock Analyst Ratings

/ / Industrials /

General Dynamics (NYSE:GD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 — Alembic Global Downgrades Overweight → Neutral 01/25/2024 13.16% Citigroup $283 → $300 Maintains Buy 01/25/2024 13.16% RBC Capital → $300 Reiterates Outperform → Outperform 10/26/2023 7.51% Susquehanna $270 → $285 Maintains Positive 10/26/2023 -0.41% Wells Fargo $243 → $264 Maintains Overweight 10/11/2023 -0.04% UBS → $265 Initiates Coverage On → Neutral 09/28/2023 2.23% Deutsche Bank → $271 Initiates Coverage On → Buy 09/26/2023 -2.68% Berenberg $254 → $258 Maintains Market Perform 09/25/2023 1.85% Susquehanna → $270 Reiterates Positive → Positive 09/19/2023 6.75% Citigroup $283 → $283 Maintains Buy 09/18/2023 -8.34% Wells Fargo $258 → $243 Maintains Overweight 07/28/2023 -2.68% Wells Fargo $244 → $258 Maintains Overweight 07/27/2023 -5.7% Morgan Stanley $248 → $250 Maintains Equal-Weight 07/27/2023 1.85% RBC Capital → $270 Reiterates Outperform → Outperform 07/27/2023 -5.32% JP Morgan

General Dynamics (NYSE:GD) Stock Analyst Ratings Read Post »

American Express (NYSE:AXP) Stock Analyst Ratings

/ / Industrials /

American Express (NYSE:AXP) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 9.32% Barclays $216 → $220 Maintains Overweight 01/10/2024 16.77% Deutsche Bank → $235 Initiates Coverage On → Buy 01/10/2024 — BMO Capital Downgrades Market Perform → Underperform 01/08/2024 -5.59% Baird → $190 Downgrades Neutral → Underperform 01/04/2024 1.86% JP Morgan $167 → $205 Upgrades Neutral → Overweight 01/02/2024 -4.1% Stephens & Co. → $193 Upgrades Underweight → Equal-Weight 12/20/2023 — Monness, Crespi, Hardt Initiates Coverage On → Neutral 12/18/2023 1.86% Goldman Sachs $186 → $205 Maintains Buy 11/15/2023 -8.57% Barclays → $184 Initiates Coverage On → Overweight 11/01/2023 -21.49% TD Cowen → $158 Initiates Coverage On → Market Perform 10/25/2023 -23.48% Citigroup $143 → $154 Upgrades Sell → Neutral 10/24/2023 -24.97% Piper Sandler → $151 Upgrades Underweight → Neutral 10/23/2023 -8.07% RBC Capital $190 → $185 Maintains Outperform 10/23/2023 -6.58%

American Express (NYSE:AXP) Stock Analyst Ratings Read Post »

3M’s $6 Billion Earplug Settlement Gets Support From Claimants

/ / Industrials /

By Will Feuer 3M said participation in its $6 billion settlement of allegations that its earplugs caused hearing loss among veterans is on pace to exceed the 98% threshold required by the agreement. Last year, 3M agreed to pay $6 billion, including an option to pay up to $1 billion in stock or cash, to settle the litigation. The manufacturer said Monday it has elected to pay the $1 billion in cash. The company said its settlement has garnered support from more than 250,000 eligible claimants, who have agreed to release their claims as part of their participation in the settlement. Write to Will Feuer at Will.Feuer@wsj.com

3M’s $6 Billion Earplug Settlement Gets Support From Claimants Read Post »

Scroll to Top