HALISTER1: Spirit Aero Falls 3.8%, Most Since August, as BofAML Cuts Rating

Spirit Aero Falls 3.8%, Most Since August, as BofAML Cuts Rating

(Bloomberg) -- Spirit AeroSystems lowered to underperform from neutral at BofAML by analyst Ronald Epstein (PT $55 from $50); breaks 40-DMA $57.92).
  • Sees downside risk to announced production rates at Boeing/Airbus since commercial aerospace order cycle peaked in 2014
  • Cites declining monthly lease rates on 737-800s
  • SPR climbed 17% in 2016 due to better than expected execution on A350, higher share repurchases
  • SPR 9 buys, 8 holds, 3 sells; avg. PT $61: Bloomberg data
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
SPR US (Spirit AeroSystems Holdings Inc)
AIR FP (Airbus SE)

People
Ronald Epstein (Bank of America Corp)

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UUID: 7947283

(2) *U.S. BANCORP SAYS CECERE TO SUCCEED DAVIS AS CEO

*U.S. BANCORP SAYS CECERE TO SUCCEED DAVIS AS CEO

Alerts: HALISTER, HALISTER1
Source: BN (Bloomberg News)

Tickers
USB US (US Bancorp)

People
Andrew Cecere (US Bancorp)
Dana Ripley (US Bancorp)
Jennifer Thompson (US Bancorp)
Richard Davis (US Bancorp)

Topics
Management Changes
Who's News - People

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UUID: 7947283

(2) *SKYBRIDGE AGREES TO SALE TO RON TRANSATLATIC, HNA CAPITAL

*SKYBRIDGE AGREES TO SALE TO RON TRANSATLATIC, HNA CAPITAL

Alerts: HALISTER, HALISTER1
Source: BN (Bloomberg News)

Tickers
MNST US (Monster Beverage Corp)
HNJGHZ CH (Hainan Traffic Administration Holding Co Ltd)
3856812Z US (SkyBridge Capital II LLC)

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UUID: 7947283

HALISTER: Banks Rejected by Supreme Court, Lose Bid to Derail Libor Suits

Banks Rejected by Supreme Court, Lose Bid to Derail Libor Suits

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
BAC US (Bank of America Corp)
C US (Citigroup Inc)
JPM US (JPMorgan Chase & Co)
1000L US (United States Supreme Court)
HSBA LN (HSBC Holdings PLC)

Topics
Bloomberg Politics

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UUID: 7947283

(2) *BANKS REJECTED BY SUPREME COURT, LOSE BID TO DERAIL LIBOR SUITS

*BANKS REJECTED BY SUPREME COURT, LOSE BID TO DERAIL LIBOR SUITS

--GREG STOHR
Alerts: HALISTER, HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
C US (Citigroup Inc)
IFF US (International Flavors & Fragrances Inc)
JPM US (JPMorgan Chase & Co)

Topics
Bloomberg Politics

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UUID: 7947283

HALISTER: GM Announces 7k U.S. Jobs, Invests $1b in U.S. Manufacturing Ops

GM Announces 7k U.S. Jobs, Invests $1b in U.S. Manufacturing Ops

(Bloomberg) -- GM sees more than 5,000 new jobs in key growth areas and 1,500 new/retained jobs tied to new investments.
  • Will create 450 U.S. jobs by moving axle production for its next-generation full-size pickup trucks from Mexico to Michigan
  • Confirms another supplier has committed to make components for the trucks in Michigan, shifting 100 supplier jobs from Mexico
Link to Statement:Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
GM US (General Motors Co)

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UUID: 7947283

HALISTER: Exxon to Buy Cos. Doubling Permian Basin Resource to 6b BOE

Exxon to Buy Cos. Doubling Permian Basin Resource to 6b BOE

(Bloomberg) -- Exxon to buy cos. owned by Bass family; will make an upfront payment of $5.6b in XOM stock.
  • To make series of added contingent cash payments
  • Deal adds over 3.4b barrels of oil equivalent
Link to Statement:Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
XOM US (Exxon Mobil Corp)

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UUID: 7947283