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BofA: Buy Delphi Automotive Before It's Too Late
Monday, November 20, 2017 - 1:30pm | 431Read More...Delphi Automotive PLC (NYSE: DLPH) confirmed last week an accelerated plan to spin off its two businesses into two different publicly traded entities, Aptiv PLC (the electronics business) and Delphi Technologies (the powertrain business). The Analyst Bank of America's John Murphy upgraded...
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GM Shares Deserve A Higher Multiple, Bank Of America Argues In Upgrade Note
Tuesday, October 3, 2017 - 9:34am | 374Read More...Analysts at Bank of America turned bullish on General Motors Company (NYSE: GM) as its management finally "gets it." The firm's John Murphy upgraded General Motors' stock rating from Neutral to Buy with a price target boosted from $40 to $57 (see Murphy's track record here). General Motors...
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Bank Of America Lowers Auto Sales Expectations: Here's Why
Tuesday, June 21, 2016 - 11:43am | 336Read More...U.S. auto sales have cooled down this year and are higher by only 1.8 percent year-to-date as consumers are focusing on leases. As such, analysts at Bank of America are now concluding that the auto industry is "entering the top of the eighth inning." The analysts, led by John Murphy, are now...
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Tesla's First Union?
Monday, May 23, 2016 - 2:37pm | 331Read More...Just days after enduring yet another $2 billion equity offering, Tesla Motors Inc (NASDAQ: TSLA) may have a brand new headache to worry about: the United Auto Workers (UAW) union. UAW President Dennis Williams told reporters in Detroit last week that they are familiar with Tesla’s Fremont,...
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Bank Of America: Tesla's Stock Headed To $155
Monday, May 23, 2016 - 11:50am | 300Read More...Tesla Motors Inc (NASDAQ: TSLA) could be one of the best short-selling opportunities in the market today. According to Bank of America analyst John Murphy, Tesla’s stock has nearly 30 percent downside ahead. Tesla’s recent $2 billion equity offering was not surprising given the...
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Fiat Chrysler Is Now BofA's Least Favorite Of The Detroit Three, Downgrades To Underperform
Friday, April 29, 2016 - 9:57am | 258Read More...Fiat Chrysler Automobiles NV (NYSE: FCAU) reported its 1Q results ahead of expectations. BofA Merrill Lynch’s John Murphy downgraded the rating for the company from Neutral to Underperform, while maintaining the price objective at $9. The analyst commented that although Fiat Chrysler was...
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BofA Downgrades Ford To Neutral Following 'A Big Q1 Beat'
Friday, April 29, 2016 - 9:44am | 268Read More...Ford Motor Company (NYSE: F) reported its 1Q results significantly ahead of expectations. BofA Merrill Lynch’s John Murphy downgraded the rating for the company from Buy to Neutral, while raising the price objective from $16 to $17. Ford delivered an impressive 1Q beat, with EPS of $0.68...
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BofA Sees Ferrari's 'Unique' Brand Value As Compelling, Initiates At Buy
Monday, November 16, 2015 - 9:21am | 318Read More...Shares of Ferrari NV (NYSE: RACE) have declined 6.55 percent since October 22, when the shares stood at $57. John Murphy of Bank of America Merrill Lynch has initiated coverage of the company with a Buy rating and a price objective of $60. Murphy mentioned that the company had a compelling...
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Tesla Price Target Nearly Triples At BofA, But Firm Maintains Underperform Rating
Thursday, July 2, 2015 - 8:26am | 219Read More...In a report published Thursday, Bank of America Merrill Lynch analyst John Murphy reiterates an Underperform rating on Tesla Motors Inc (NASDAQ: TSLA), while raising the price target from $65 to $180. "While we continue to view Tesla as an important catalyst for the auto industry and electric...
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Summer Reading That Can Help Make You Rich
Monday, June 8, 2015 - 2:04pm | 1005Read More...Someone recently asked at a meeting of prominent individual investors about millennials and investing to help newly minted college graduates. My recommendation was Patrick O'Shaughnessy and his excellent book for millennial investor. Also referenced was O'Shaughnessy's father and all his work. The...
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Will M&A Frenzy Hit The Auto Industry?
Thursday, January 22, 2015 - 1:54pm | 504Read More...Mergers and acquisitions are the norm for startups and established players in Silicon Valley. They've also become quite common in the retail and healthcare spaces. The auto industry is a whole other story. Carmakers rarely announce that they are buying a startup. Ford Motor Company (NYSE...
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Bank Of America Auto Analyst Says He's 'Very Bullish On Demand In 2015'
Wednesday, January 14, 2015 - 4:06pm | 217Read More...Bank of America/Merrill Lynch Lead U.S. Auto Analyst John Murphy spoke at the Automotive News World Congress in Detroit on Wednesday. Murphy noted that he was “very bullish on demand in 2015” and that “from a structural supply standpoint, the auto industry is in very good...
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Sterne Agee Previews U.S. Light Vehicle Sales
Friday, January 2, 2015 - 6:07pm | 416Read More...Sterne Agee analyst Michael Ward noted Friday that “U.S. light vehicle sales for December are expected to be released throughout the day on Monday, January 5, 2015." "The industry SAAR (seasonally adjusted annual rate) has averaged 16.8 million units since June" and Ward...
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Bank Of America Just Released A New Auto Report (And They Discussed Ford, GM & Tesla)
Friday, January 2, 2015 - 1:37pm | 439Read More...Bank of America issued an Automotive Sector report this Friday with a focus on valuation. Analysts, led by John Murphy, said they believed that valuation “is one of the most important fundamental factors that should be considered when buying or selling the stocks in our coverage universe...
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UPDATE: Bank Of America Downgrades Sonic Automotive
Wednesday, July 23, 2014 - 9:01am | 112Read More...In a report released Wednesday, Bank of America analyst John Murphy downgraded Sonic Automotive (NYSE: SAH) from Buy to Underperform and lowered its price target from $39 to $27. Analysts at Bank of America downgrade Sonic due to the company's execution issues. Murphy said Sonic is...
