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There's Evidence Boeing Job Cuts Correlate With Stock Gains
Thursday, March 31, 2016 - 9:45am | 303The Seattle Times has reported that Boeing Co (NYSE: BA) is expected to lay off 4,000 employees by June. According to Deutsche Bank analyst Myles Walton, that could be good news for shareholders. Walton looked back at the last 18 years since the McDonnell Douglas merger at the correlation...
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General Dynamics Cut To Hold At Deutsche Bank: Why Now?
Thursday, March 24, 2016 - 9:21am | 283Deutsche Bank’s Myles Walton downgraded the rating on General Dynamics Corporation (NYSE: GD) from Buy to Hold, while lowering the price target from $170 to $152. “We remain positive on GD's defense biz & while we've historically seen Gulfstream as a plus despite...
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Suspicious Of Boeing After SEC Probe? So Is Deutsche Bank
Friday, February 12, 2016 - 11:24am | 365Deutsche Bank analyst Myles Walton was skeptical of Boeing Co (NYSE: BA)'s cash flow generation outlook as the company's stock crash landed after a Bloomberg report revealed an SEC probe into the company's accounting. The story focused on Boeing's long-term profitability projections for the company...
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How To Play The Outer Space Renaissance
Thursday, October 1, 2015 - 1:06pm | 444The total U.S. space travel market is a $40 billion annual market. Strained relationships with Russia and the rise of market disrupters such as SpaceX could shift the U.S. military’s space strategy. Deutsche Bank believes that the rise of new commercial spaceflight companies does not pose an...
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The Real Reason Buffett Is Buying Precision Castparts
Monday, August 10, 2015 - 8:50am | 308In a report published Monday, Deutsche Bank analyst Myles Walton maintained a Hold rating on Precision Castparts Corp. (NYSE: PCP) and a price target of $215, after reports of the company's potential acquisition by Berkshire Hathaway Inc. (NYSE: BRK-A) emerged. Berkshire Hathaway,...
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Deutsche Bank On United Technologies: 'Hope Isn't A Strategy,' Downgrading To Hold
Wednesday, July 22, 2015 - 10:44am | 237In a report published Wednesday, Deutsche Bank analyst Myles Walton downgraded the rating on United Technologies Corporation (NYSE: UTX) from Buy to Hold, while lowering the price target from $128 to $112. The company has revised its FY guidance down and the analyst believes that the 2016/2017...
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The Mix Matters For Boeing's 787, Deutsche Bank Says
Wednesday, July 1, 2015 - 9:14am | 286In a report published Wednesday, Deutsche Bank analyst Myles Walton reiterated a Buy rating and $175 price target on Boeing Co (NYSE: BA). The analyst expressed optimism regarding the company's decision to undertake a mix shift to the 787 -9/-10 over the next five years. "The mix shift builds (but...
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Deutsche Bank Offers 3 Reasons To Consider Boeing
Friday, February 27, 2015 - 11:41am | 244In a report published Friday, Deutsche Bank analyst Myles Walton offered three reasons why investors should consider buying shares of Boeing Co (NYSE: BA) "The market remains divided on Boeing," Walton wrote. "There is supporting evidence for both sides, but we squarely fall into...
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United Technologies 'Big Bang Theory' Outlined At Deutsche Bank
Thursday, February 12, 2015 - 12:34pm | 341Myles Walton of Deutsche Bank on Thursday commented in a note that it has been 80 days since Greg Hayes was elevated to Chief Executive Officer at United Technologies Corporation (NYSE: UTX) and since then he has appointed a new Chief Financial Officer, executed a redirection of focus in the M&...
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Deutsche Banks Downgrades TransDigm Group Incorporated, Sees Time For Profit-Taking
Thursday, October 9, 2014 - 1:09pm | 235Deutsche Bank downgraded TransDigm Group Incorporated (NYSE: TDG) on Wednesday from Buy to Hold and maintained a price target of $190. Analyst Myles Walton explained that “Transdigm continues to have one of the best business models we've found in commercial aerospace (and likely...
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UPDATE: Deutsche Bank Upgrades Northrop Grumman Corporation
Friday, September 26, 2014 - 9:37am | 166Analysts at Deutsche Bank upgraded shares of Northrop Grumman Corporation (NYSE: NOC) to a Buy rating and $140 to $145 price target. Myles Walton outlined reasons for the upgrade: Future increases in defense spending. Analysts feel that defense spending is bottoming as global tensions rise...
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UPDATE: Deutsche Bank Downgrades LMI Aerospace, Inc.
Friday, September 5, 2014 - 8:39am | 130In a note dated September 4, Deutsche Bank analyst Myles Walton downgraded shares of LMI Aerospace, Inc. (NASDAQ: LMIA) from Buy to Hold and maintained a $16 price target. Walton noted the company has been showing signs of an improved cost structure liquidity. However, he believes with the...
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UPDATE: Deutsche Bank Upgrades B/E Aerospace Inc
Friday, September 5, 2014 - 8:31am | 121In a note published Friday morning, Deutsche Bank analyst Myles Walton upgraded shares of B/E Aerospace Inc (NASDAQ: BEAV) from Hold to Buy and raised the price target slightly from $95 to $96. Walton's upgrade comes on the assumption that a leveraged spin-off is more likely than a sale of all or...
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Deutsche Bank's 4 Favorite Stocks In Aerospace & Defense
Wednesday, July 9, 2014 - 11:27am | 419As a preview to the second quarter, Deutsche Bank analyst Myles Walton released a note dated July 8, in which he outlined his thoughts on the Aerospace & Defense sector, as well as his favorites within the space. Sector Walton began by noting that, after a "strong" performance...
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Shares Of Boeing Respond To Probe Of Wing Crack Issue, Loss Of Contact With Malaysia 777-200
Monday, March 10, 2014 - 2:11pm | 281On Monday, shares of Boeing (NYSE: BA) have traded as low as $124.76, down 3.0298 percent amidst the 787 wing crack issue and lack of contact with Malaysia 777-200. Boeing announced that 43 of its 787 Dreamliner aircrafts will be inspected for possible airline fractures in the wings on Friday. The...