Safran (OTC:SAFRY) Stock, Quote.Headers.trade-ideas

SAFRAN S.A. ADR

Safran is a key player in the global commercial and military aerospace propulsion and equipment sectors. The group has three reportable segments: aerospace propulsion (commercial and military aircraft engines and spare parts); aircraft equipment, defense, and aerosystems (diversified business supplying components ranging from landing gear to avionics); and aircraft interiors (seats, cabins, and in-flight entertainment systems). Safran is a partner to the CFM joint venture with GE Aviation, which produces narrow-body engines.

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French aerospace and defense company Safran (OTC: SAFRY) has bagged several contracts worth over $1.2 billion combined from Emirates. 

French Aerospace Firm Safran Bags $1.2B Worth Contracts From Emirates

Delta Air Lines Inc (NYSE: DAL) recently unearthed the presence of unauthorized components within some of its jet engines, joining the ranks of major U.S. airlines that have found fake parts in their machinery.

Delta Uncovers Unauthorized Components In Jets In Growing Industry Scandal

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The U.S. Federal Aviation Administration (FAA) has reportedly released an urgent alert, raising concerns over the potential presence of unauthorized components in specific General Electric Company (NYSE: GE) model CF6 jet engines.

Safety Concerns Rise As FAA Alerts Of Possible Counterfeit Parts In GE CF6 Jet Engines: Report

Safran SA

French aerospace and defense company&nbsp;Safran&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/safry#OTC">SAFRY</a>) has bagged several <a href="https://www.safran-group.com/pressroom/emirates-signs-agreements-safran-worth-us12-billion-combined-2023-11-14">contracts </a>worth over $1.2 billion combined from&nbsp;Emirates.&nbsp;
The contract includes a $1 billion deal for the latest generation Safran Seats for Emirates&#39; new fleet of A350, 777X-9 and existing 777-300 aircraft.
The deal also represents a significant export order for a French company, and is part of Emirates&#39; ongoing investment into France and Europe.
&quot;The continuation of our 30-year partnership underscores Safran&#39;s commitment to innovative solutions for aircraft interiors, critical aircraft equipment and services to ensure the best possible passenger experience,&quot; said CEO Olivier Andri&egrave;s.
Also Read:&nbsp;<a href="https://www.benzinga.com/markets/equities/23/11/35746250/boeing-shares-surging-high-on-orders-from-major-middle-eastern-airlines-heres-details">Boeing Shares Surge On Orders From Major Middle Eastern Airlines: What You Need To Know</a>
Also, Safran Cabin will be providing Emirates&#39; A350 and B777-9 fleet with Galley shipsets, equipped with GEMini and the new NUVO galley inserts.
Safran Landing Systems will be supplying high performance wheels and carbon brakes for the Emirates A350 fleet.
Furthermore, Emirates has signed a 10-year service agreement with Safran Aerosystems covering repair and maintenance for 777 safety and cabin systems components.
Price Action: SAFRY shares are trading higher by 2.77% at $42.63 on the last check Tuesday.

Delta Air Lines Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dal#NYSE">DAL</a>) recently unearthed the presence of unauthorized components within some of its jet engines, joining the ranks of major U.S. airlines that have found fake parts in their machinery.
While the specific nature of these components remains undisclosed, they represent less than 1% of the over 2,100 engines in Delta&rsquo;s primary fleet, according to a&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2023-10-02/delta-says-some-of-its-jet-aircraft-engines-used-fake-parts?srnd=industries-transportation&amp;sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">report from Bloomberg</a>.
Other airlines, including&nbsp;American Airlines Group Inc.&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/aal#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">AAL</a>),&nbsp;United Airlines Holdings Inc.&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ual#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">UAL</a>), and&nbsp;Southwest Airlines Co.&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/luv#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">LUV</a>), had earlier reported discovering parts associated with&nbsp;AOG Technics Ltd.
This London-based firm is currently under regulatory investigation over the spare parts it provided for a specific model of jet engine produced by&nbsp;CFM International Inc., a collaboration between&nbsp;General Electric Co.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ge#NYSE">GE</a>) and&nbsp;Safran SA&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/safry#OTC">SAFRY</a>).
Delta has yet to clarify whether the planes equipped with these erroneously documented components were operational.
The flawed parts, accredited by AOG, were spotted during an engine assessment conducted by an undisclosed third-party entity.
Based on data shared by Delta and analyzed by external sources, up to 21 of the airline&rsquo;s engines could be compromised, the highest count among U.S. airlines that have revealed such numbers.
Delta confirmed receiving information from an engine service partner regarding a minor proportion of engines they revamped, which included parts falling short of documentation standards.
&ldquo;Working with the overhaul provider, we are in the process of replacing those parts and remain in compliance with all FAA guidelines,&rdquo; the airline told Bloomberg.
The Delta spokesman added that none of Delta&rsquo;s aircraft are currently flying with unapproved parts, and the discovery has not affected flight operations.
In the wake of the revelation, airlines and maintenance firms worldwide have intensified their scrutiny, searching for any AOG-supplied parts with falsified airworthiness documents.&nbsp;
Such probes commenced after European officials deduced last August that AOG had provided dubious components.&nbsp;
In a recent development, AOG faced a directive from a London-based judge to relinquish records, aiding the identification of more questionable components after a legal pursuit initiated by General Electric and Safran, wherein they sought documents linked to every single sale of products.
Price Action: DAL shares are trading lower by 0.71% at $36.19 in premarket on the last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

The U.S. Federal Aviation Administration (FAA) has reportedly released an urgent alert, raising concerns over the potential presence of unauthorized components in specific&nbsp;General Electric Company&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ge#NYSE">GE</a>) model CF6 jet engines.
The FAA has advised aircraft owners to perform meticulous inspections of their planes and parts inventory to identify these components, according to a report from Reuters.
The report further cited the FAA&#39;s statement that&nbsp;AOG Technics, a U.K.-based company, allegedly sold bushings for GE Model CF6 engines without securing the requisite FAA approvals.
In a development from Wednesday, jet engine manufacturer&nbsp;CFM International&nbsp;reported that AOG Technics might have distributed thousands of engine components accompanied by forged documentation.
The main concern revolves around the CF56 engines, produced by CFM. However, there&#39;s also a minor subset of CF6 engine parts suspected of having fabricated paperwork. CFM reportedly revealed that as of Monday, there&#39;s a suspicion that around 96 engines might include components that come with counterfeit documentation.
In a submission to the London High Court, Matthew Reeve, who serves as a legal representative for CFM and its co-owners General Electric and&nbsp;Safran&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/safry#OTC">SAFRY</a>), stated that their joint venture has managed to pinpoint two fabricated FAA forms that pertain to hundreds of CF6 parts.
Reacting to the situation, the FAA has strongly recommended that if any aircraft owner or operator identifies these unauthorized CF6 bushings, they should immediately remove and subsequently quarantine these components.
Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/09/34476762/aviation-leasing-firm-aercap-shares-slip-as-general-electric-sells-2-4b-worth-of-stake" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Aviation Leasing Firm AerCap Shares Slip As General Electric Sells $2.4B Worth Of Stake</a>
The report further quoted a spokesperson for GE, mentioning that the company is in complete agreement with the FAA&#39;s decision. Further emphasizing GE&#39;s proactive stance, the spokesperson stated that the company is in close collaboration with the FAA and other aviation regulatory bodies to delve deeper into the allegations that AOG Technics distributed fake parts.
Price Action: GE shares closed lower by 1.62% at $112.99 on Thursday.
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

New York Times
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/07/33316859/potential-delay-in-iphone-15-debut-could-impact-apples-profit-margins-amid-manufacturing-issues" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Potential Delay in iPhone 15 Debut Could Impact Apple&#39;s Profit Margins Amid Manufacturing Issues</a>
<ul>
<li>Apple Inc&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) upcoming iPhone 15 Pro and Pro Max models are facing manufacturing issues.</li>
<li>The iPhone maker and its suppliers are struggling with a &quot;new manufacturing process&quot; that allows the iPhone 15 Pro and Pro Max to have larger screen displays without increasing the device size.</li>
<li>The screens made by LG Display have failed reliability tests during production, causing delays and shortages.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/07/33317059/metas-twitter-competitor-app-threads-faces-declining-engagement-and-user-exodus-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Meta&#39;s Twitter Competitor App&#39; Threads&#39; Faces Declining Engagement and User Exodus</a>
<ul>
<li>Meta Platforms Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) Instagram-linked app&nbsp;Threads&nbsp;faces user exodus, with daily active users dropping to 23.6 million from a peak of 49 million in July.</li>
<li>Twitter Inc&nbsp;had around 107 million users on July 14, while Threads&#39; retention of new users is down.</li>
<li>Threads&#39; initial boom was short-lived as users discovered limited features, making it different from the expected &quot;Twitter 2.0.&quot;</li>
</ul>
&nbsp;
Wall Street Journal
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/07/33319861/whats-going-on-with-google-parent-alphabet-stock-friday" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Google Co-founder Sergey Brin Increasing His Involvement In AI Research</a>
<ul>
<li>Alphabet Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>)&nbsp;Google&nbsp;stock is trading higher Friday amid reports of&nbsp;co-founder Sergey Brin increasing his involvement in the tech giant&#39;s artificial intelligence (AI) research, returning to the company&#39;s Mountain View, California, offices three to four days a week.</li>
<li>While Brin had been relatively hands-off after stepping down from an executive role at parent company Alphabet in 2019, he is now actively participating in meetings about AI and working closely with researchers developing Google&#39;s long-awaited AI model, Gemini. The Gemini AI program aims to rival OpenAI&#39;s GPT-4 model, which powers the popular AI chatbot ChatGPT.</li>
</ul>
&nbsp;
Benzinga
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/07/33317425/microsoft-ceo-satya-nadellas-earnings-exceed-1b-amid-stock-surge-and-strategic-investment-in-openais" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Microsoft CEO Satya Nadella&#39;s Earnings Exceed $1B Amid Stock Surge and Strategic Investment in OpenAI&#39;s ChatGPT</a>
<ul>
<li>Microsoft Corp&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/msft#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">MSFT</a>) chief Satya Nadella bagged $1 billion in compensation fueled by the stock surge amid the ChatGPT frenzy.&nbsp;</li>
<li>He earned nearly $55 million in 2022 alone.</li>
<li>The surge in Nadella&#39;s earnings coincides with Microsoft&#39;s remarkable stock performance under his leadership. Since becoming CEO in 2014, the company&#39;s shares have gained over 1,000%, with a nearly 50% surge in 2023.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/23/07/33317301/emergent-biosolutions-two-dose-anthrax-vaccine-secures-fda-nod-shares-jump" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Emergent BioSolutions&#39; Two-Dose Anthrax Vaccine Secures FDA Nod; Shares Jump</a>
<ul>
<li>The FDA approved&nbsp;Emergent BioSolutions Inc&#39;s&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ebs#NYSE">EBS</a>) anthrax vaccine for adults aged 18 through 65.</li>
<li>The vaccine Cyfendus (Anthrax Vaccine Adsorbed, Adjuvanted), previously known as AV7909, is approved for post-exposure prophylaxis of disease following suspected or confirmed exposure to Bacillus anthracis when administered in conjunction with recommended antibacterial drugs.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/entertainment/23/07/33318701/barbie-maker-mattel-accused-of-stealth-marketing-after-giving-away-free-dolls-to-schools" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Barbie Maker Mattel Accused Of &#39;Stealth Marketing&#39; After Giving Away Free Dolls To Schools</a>
<ul>
<li>Barbie doll manufacturer&nbsp;Mattel Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mat#NASDAQ">MAT</a>) has been accused of stealth marketing in schools, according to an investigative piece in the British Medical Journal (BMJ).</li>
<li>The company allegedly used its Barbie brand to promote its products to children subtly. The BMJ report suggests that Mattel&#39;s &quot;You Can Be Anything&quot; program may be a veiled marketing strategy presented as an educational initiative.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/07/33320464/american-express-q2-earnings-mixed-earnings-card-member-spending-growth-and-more" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">American Express Q2 Earnings: Mixed Earnings, Card Member Spending Growth and More</a>
<ul>
<li>American Express Co&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axp#NYSE">AXP</a>) stock is trading lower after it reported Q2 revenue (net of interest expense) growth of 12% year-on-year to $15.05 billion, missing the consensus of $15.48 billion.</li>
<li>Card Member spending hit another all-time high, growing 8% on an FX-adjusted basis, driven by double-digit U.S. Consumer and International Card Member spending growth. Total Network Volumes grew 8% Y/Y to $426.6 billion.</li>
<li>American Express reaffirmed guidance for revenue growth of 15% - 17% (consensus of $61.57 billion) and EPS of $11.00 - $11.40 (consensus of $11.11).</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/07/33321286/why-autonation-shares-are-falling-today" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">AutoNation Clocks 28% Decline In Q2 Profits&nbsp;</a>
<ul>
<li>AutoNation Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/an#NYSE">AN</a>) reported second-quarter FY23 sales growth of 0.3% year-on-year to $6.89 billion, beating the analyst consensus of $6.74 billion.</li>
<li>Net income declined 28% Y/Y. Adjusted EPS of $6.29 beat the consensus of $5.90.</li>
<li>New vehicle retail unit sales increased 8%, and used vehicle retail unit sales declined 11%.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/07/33317861/safran-acquires-collins-aerospaces-actuation-and-flight-control-business-in-1-8b-deal" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Safran Acquires Collins Aerospace&#39;s Actuation And Flight Control Business In $1.8B Deal</a>
<ul>
<li>French aerospace company&nbsp;Safran&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/safry#OTC">SAFRY</a>) has agreed to acquire an aerospace business from&nbsp;RTX Corp&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/rtx#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">RTX</a>) in cash for an enterprise value of $1.8 billion.</li>
<li>The activity to be acquired from Collins Aerospace, an RTX business, is a global provider of actuation and flight control systems for commercial &amp; military aircraft and helicopters.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/07/33319906/rithm-capital-buys-1-4b-of-marcus-loans-from-goldman-sachs" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Rithm Capital Buys $1.4B Of Marcus Loans From Goldman Sachs</a>
<ul>
<li>Rithm Capital Corp&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ritm#NYSE">RITM</a>) purchased $1.4 billion of prime unsecured consumer loans from&nbsp;Goldman Sachs Group Inc&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/gs#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">GS</a>).</li>
<li>The pool represents a portion of the broader Marcus portfolio previously owned and held on the balance sheet by Goldman Sachs.&nbsp;</li>
<li>Goldman Sachs recently was in the headlines for reportedly selling $1 billion of Marcus loans to investment firm Varde Partners as a part of its plan to exit the lending business.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/07/33318699/why-autoliv-shares-are-gaining-today" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Autoliv Reports Better Than Expected Q2 Earnings</a>
<ul>
<li>Autoliv Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alv#NYSE">ALV</a>) reported second-quarter FY23 sales growth of 27% year-on-year to $2.63 billion, beating the analyst consensus of $2.54 billion.</li>
<li>Adjusted EPS of $1.93 beat the analyst consensus of $1.43.</li>
<li>&nbsp;Autoliv continues to see FY23 organic sales growth of around 15%, adjusted operating margin of around 8.5%-9%, and $900 million in operating cash flow.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/07/33321410/why-slb-shares-are-sliding-today" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Schlumberger Reports Mixed Q2 Earnings</a>
<ul>
<li>Schlumberger N.V.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/slb#NYSE">SLB</a>) reported a second-quarter FY23 revenue increase of 19.6% year-over-year to $8.10 billion, missing the consensus of $8.22 billion.</li>
<li>Adjusted EPS increased 44% Y/Y to $0.72, beating the consensus of $0.71.</li>
<li>The company reiterated its capital investment forecast for FY23 to be ~$2.5-$2.6 billion versus $2.3 billion in 2022.</li>
</ul>
&nbsp;
Reuters
<a class="editor-rtfLink" href="https://www.benzinga.com/government/23/07/33319110/german-rival-alfaview-files-eu-antitrust-complaint-against-microsoft-over-teams-bundling" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">German Rival Alfaview Files EU Antitrust Complaint Against Microsoft Over Teams Bundling</a>
<ul>
<li>German rival Alfaview launched an EU antitrust complaint on&nbsp;Microsoft Corp&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/msft#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">MSFT</a>) this week, marking the bloc regulator&#39;s second over its bundling of video app Teams into its Office product.</li>
<li>Microsoft has been on the EU competition enforcer&#39;s radar since 2020 when&nbsp;Salesforce Inc&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/crm#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">CRM</a>)-owned workspace messaging app Slack complained about tying Teams with Office.</li>
</ul>
&nbsp;
Verge
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/07/33321705/roblox-data-breach-thousands-of-developers-personal-information-leaked-company-faces-backlash-for-de" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Roblox Data Breach: Thousands of Developers&#39; Personal Information Leaked, Company Faces Backlash for Delayed Disclosure</a>
<ul>
<li>A data breach from 2017-2020 exposed the sensitive information of thousands of&nbsp;Roblox Corp&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/rblx#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">RBLX</a>) creators. The data breach impacted attendees at the Roblox Developer Conference between 2017-2020.</li>
<li>Personal data leaked includes names, usernames, birth dates, email addresses, IP addresses, phone numbers, and T-shirt sizes.</li>
</ul>

Small Cap

AAPL

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RITM

Potential Delay In iPhone 15 Debut Could Impact Apple's Margins, Meta's Threads App Faces User Exodus, Microsoft CEO Satya Nadella's Earnings Exceed $1B: Today's Top Stories

French aerospace company&nbsp;Safran&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/safry#OTC">SAFRY</a>) has agreed to&nbsp;<a class="editor-rtfLink" href="https://www.safran-group.com/pressroom/safran-acquire-collins-aerospace-s-actuation-and-flight-control-business-2023-07-21" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">acquire&nbsp;</a>an aerospace business from&nbsp;RTX Corp&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rtx#NYSE">RTX</a>) in cash for an enterprise value of $1.8 billion.
The activity to be acquired from Collins Aerospace, an RTX business, is a global provider of actuation and flight control systems for commercial &amp; military aircraft and helicopters.
The business has around 3,700 employees across eight facilities in Europe (France, U.K. and Italy) and Asia. It is expected to generate sales of approximately $1.5 billion and an EBITDA of $130 million in 2024E.
The deal is expected to boost Safran&rsquo;s grip in critical flight control (ATA27) and actuation functions along with value creation for its shareholders, with an accretive impact on earnings per share from year one.
As part of the contemplated acquisition, long-term supply agreements (covering ~25% of sales) would be secured between Safran and Collins at attractive terms.
The deal is expected to close in the course of H2 2024.&nbsp;
Price Action: SAFRY shares closed higher by 1.16% at $39.34 on Thursday.

Safran Acquires Collins Aerospace's Actuation And Flight Control Business In $1.8B Deal

Safran Acquires RTX Subsidiary Collins Aerospace's Actuation And Flight Control Business For $1.8B

Safran SA&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/safry#OTC">SAFRY</a>) is reportedly in negotiations with&nbsp;Raytheon Technologies Corp&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rtx#NYSE">RTX</a>) for its flight control unit at the beginning of June.
Safran is nearing an ~$1.8 billion deal to acquire Raytheon&rsquo;s unit that makes flight controls for aircraft, helicopters, and missiles,&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/markets/deals/safran-nears-18-billion-deal-acquire-raytheons-flight-controls-unit-source-2023-06-14/" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Reuters</a>&nbsp;reported citing a knowledgeable source.
Raytheon will be relieved of a low-margin business inherited from its $120 billion merger with United Technologies three years ago, while Safran will strengthen its position in flight controls versus rivals, added the report.
Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/markets/23/06/32835852/pentagon-just-announced-a-new-2-1-billion-arms-package-for-ukraine-here-are-2-big-defense-stocks-poi" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Pentagon Just Announced A New $2.1 Billion Arms Package For Ukraine &mdash; Here Are 2 Big Defense Stocks Poised To Pop. Is It Time To Buy In?</a>
Safran could conclude an agreement to acquire Raytheon&rsquo;s actuation unit, which manufactures flight controls, as early as this week, the source stated.
The Raytheon business will improve Safran&rsquo;s relations with&nbsp;Airbus SE&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/eadsy#OTC">EADSY</a>), as it sells into many of its commercial aircraft and has some operations in France.
Price Action:&nbsp;RTX shares are trading lower by 0.88% at $99.80 on the last check Wednesday.

Safran Nears Agreement to Purchase Raytheon's Flight Control Business in $1.8B Deal: Reuters

<ul>
<li>Another issue that poses a threat to interrupting air travel is how difficult it is for airlines to find engines and other replacement parts to keep their planes flying.</li>
<li>Facing a labor shortage this summer, airlines could not fly their planned schedules, resulting in Passengers facing delays and cancellations.</li>
<li>Related:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/07/27950644/july-fourth-weekend-started-with-cancellations-and-delays-for-air-travelers-wsj" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">July Fourth Weekend Started With Cancellations And Delays For Air Travelers: WSJ</a></li>
<li>The resurgence of air travel has taken both aircraft manufacturers and their supply chains off guard, making it difficult for part manufacturers to raise production rapidly enough to meet the demand for both new and already in-service aircraft,&nbsp;<a class="editor-rtfLink" href="https://www.wsj.com/articles/airplane-parts-shortage-threatens-more-disruptions-to-air-travel-11659087181?mod=hp_lead_pos6" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">writes Wall Street Journal</a>.</li>
<li>During the pandemic, supply-chain bottlenecks caused delays in everything from automobile production to furniture delivery. Now, the revival of aviation demand is colliding with these bottlenecks.&nbsp;</li>
<li>According to Oliver Wyman, intensive maintenance checks on airframes now take roughly seven weeks instead of four. At the same time, overhauls of some engine types that traditionally last 60 days can run up to 100 days.</li>
<li>Engine makers such as CFM International, a joint venture between&nbsp;General Electric Co.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ge#NYSE">GE</a>) and&nbsp;Safran SA&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/safry#OTC">SAFRY</a>), are about two months behind on deliveries of new engines, according to people familiar with the matter.</li>
<li>&ldquo;There are shortages of spare parts, including engines, that are impacting the ability of our customers to operate efficiently,&rdquo; Airbus SE CEO Guillaume Faury stated, adding that there wasn&rsquo;t a quick fix to the problem. &ldquo;It&rsquo;s going to take time,&rdquo; he said.</li>
<li>Price Action:&nbsp;GE shares are trading higher by 0.49% at $73.50 during the premarket session on Friday.</li>
</ul>

Shortage of Aircraft Parts Endangers Additional Air Travel Delays: Report

<ul>
<li>Air France-KLM&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/aflyy#OTC">AFLYY</a>) has&nbsp;<a class="editor-rtfLink" href="https://www.airfranceklm.com/en/air-france-klm-signs-agreement-cfm-international-engine-configuration-its-future-airbus-a320neo" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">established an agreement with CFM International</a>&nbsp;to acquire 200 LEAP-1A engines to power its new fleet of&nbsp;Airbus SE&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/eadsy#OTC">EADSY</a>) A320neo and A321neo. Financial terms were not disclosed.</li>
<li>CFM International is a 50/50 joint venture between GE Aviation, a division of&nbsp;General Electric Co&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ge#NYSE">GE</a>), and Safran Aircraft Engines, a division of&nbsp;Safran&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/safry#OTC">SAFRY</a>).</li>
<li>Last December, Air France-KLM ordered 100 Airbus A320neo family aircraft - with purchase rights for 60 additional aircraft, to renew the fleets of KLM and Transavia Netherlands and to renew and expand the fleet of Transavia France.</li>
<li>&quot;Latest generation aircraft like our upcoming A320neo and A321neo enable a 10% unit cost reduction, emit 15% less CO2 and generate 50% less noise, in part thanks to their advanced engines. Through this agreement, Air France-KLM and CFM International are building on their longstanding relationship to make aviation more sustainable,&quot; commented Benjamin Smith, CEO of Air France-KLM.</li>
<li>Price Action:&nbsp;AFLYY shares are trading lower by 4% at $1.20, GE lower by 3.75% at $61.16, and SAFRY lower by 5.73% at $23.60 on the last check Tuesday.</li>
</ul>

Penny Stocks

AFLYY

Air France-KLM Inks Agreement With CFM For Engine Configuration

On Monday, shares of Safran SA (OTC: <a class="ticker" href="https://www.benzinga.com/stock/safry#OTC">SAFRY</a>) experienced volatile short activity. After the activity, the stock price moved down -3.78% to $24.21.&nbsp;
The overall sentiment for SAFRY has been Neutral.
The signal from the volatility alert is trending Bearish. Therefore, the recommendation is to Increase Short Exposure.&nbsp;
The volatility alert was produced on the prior trading date, 5/9/2022, with a volatility change of +44.88%. The current volatility indicator stands at 7.331.
Overview: The securities lending volatility indicator is produced by Tidal Markets, in partnership with Benzinga Insights. Securities lending primarily serves the purpose of providing liquidity to short sellers. When unusual activity occurs in the securities lending markets, it acts as an upstream indicator to what is likely to occur downstream in the regular stock market.
Understanding the Volatility Alert: Overall sentiment is considered &quot;bear&quot; when broad market activity of the stock has been shown to indicate a negative directional basis, or is considered &quot;bull&quot; when indicating a positive directional basis. The securities lending volatility indicator provides a signal when it detects unusual short activity. Unusual short activity is based off a computer generated algorithmic formula utilizing securities lending trade details such as the volume of shares being shorted, the rate being paid to short the shares, and the type of collateral being posted - amongst other variables. The current volatility is the respective trading day&#39;s calculated securities lending volatility value. The volatility percentage change is the percentage difference in volatility between the two most recent days. The recommendation is a suggestive strategy, inferred from the strength of the Signal Trending, Current Volatility, and Volatility % Change. Recommendations may include, &quot;Strong Buy&quot;, &quot;Strong Sell&quot;, &quot;Increase Short Exposure&quot;, &quot;Reduce Short Exposure&quot;, or &quot;Market Neutral&quot;.
ANY INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR IMPLY INVESTMENT ADVICE

Short Ideas

Trading Ideas

Short Volatility Alert: Safran SA

2021 ended with news of pretty much everyone worth mentioning in the business world getting a ticket to the metaverse, including The Boeing Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>) that is undergoing a top-to-bottom clean-up of its design, engineering and manufacturing infrastructure as it embarks on a journey to build its next clean-sheet airplane.
In its factory of the future, immersive 3-D engineering designs will be accompanied by robots that communicate between themselves, while Microsoft Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>). &nbsp;Will be linking the mechanics across the globe through its $3,500 HoloLens headsets. This is merely a snapshot of Boeing&#39;s ambitious strategy to improve its engineering and operations throughout the company in a digital ecosystem in as little as two years.
<h4>Aerospace Recovery</h4>
The confident CEO of France&#39;s aerospace giant&nbsp;Safran SA (OTC: <a class="ticker" href="https://www.benzinga.com/stock/safry#OTC">SAFRY</a>) who is one of the largest companies in the industry told investors the company plans to hire 12,000 people this year, giving hope that the aerospace rebound is happening in 2022. Safran who joined forces with General Electric&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ge#NYSE">GE</a>) expects 2021 revenue to amount to 15.6 billion euros.
<h4>Improving Engineering</h4>
Boeing&#39;s history has quite a few bold pledges on a digital revolution, but the results of these quests were mixed as management was focused on managing multiple threats where improving quality and safety have been prioritized. More than 70% of quality issues originate from a design issue and therefore, improving engineering is believed to be key to bringing a new aircraft to life in as little as half of a decade. Boeing&#39;s chief engineer, Greg Hyslop is focused on improving speed, quality, communication, and responsiveness when issues occur. In another word, when the building part is done better, re-work is minimized and so is the financial risk.
Boeing is set to regain its engineering dominance after the 737 MAX crisis and structural flaws that were shown in its 787 Dreamliner. It needs to build a strong foundation for its future aircraft program which is $15 billion bets.
After years of intense competition, there&#39;s a new front in Boeing&#39;s war with Europe&#39;s Airbus SE (OTC: <a class="ticker" href="https://www.benzinga.com/stock/eadsy#OTC">EADSY</a>) &nbsp;but this time, it&#39;s happening on the factory floor.
Putting Aerospace in a Shared Digital Space That Uses Virtual Reality or Augmented Reality
Meta Platforms Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fb#NASDAQ">FB</a>) has embarked on a quest to shift work, play, and living into an immersive virtual world called the metaverse.
According to Airbus Chief Executive Guillaume Faury who is also a former automobile research boss, &nbsp;by plunging the company into the &quot;metaverse,&quot; Airbus aims to create an immersive environment where human workers will be digitally linked to machines and other workers using virtual reality and augmented reality, resulting in the invention of new systems and leveraging the power of data.
Airbus&#39; approach has been characterized by incremental advancements of specific programs, rather than the systemic restructuring that Boeing is going for.&nbsp;Both airspace companies aim to build virtual three-dimensional &quot;digital twin&quot; replicas of the jet and link the production system to enable simulations. The digital versions imply that every single piece of information about the aircraft, from its concept to its journey to the sky, is connected and available. Having this kind of knowledge that goes deep into the supply chain could result in a powerful and revolutionary change.
<h4>A Long Game</h4>
Even Boeing realized that that digital technology alone cannot cure everything as it must be accompanied by organizational and cultural changes across the company. In other words, pursuing the digital revolution is worth the cost but it cannot solve the years of quality control issues, a disastrous two-year grounding of its foundation aircraft, and intense regulatory scrutiny on its own.
This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full <a href="https://iamnewswire.com/disclaimer-disclosure/">disclosure</a>. IAM Newswire does not hold any position in the mentioned companies. Press Releases &ndash; If you are looking for full Press release distribution contact: <a href="mailto:press@iamnewswire.com">press@iamnewswire.com</a> Contributors &ndash; IAM Newswire accepts pitches. If you&#39;re interested in becoming an IAM journalist contact: <a href="mailto:contributors@iamnewswire.com">contributors@iamnewswire.com</a>
The post <a href="https://iamnewswire.com/boeing-will-be-flying-to-the-metaverse-with-improved-engineering/" rel="nofollow">Boeing Will Be Flying to the Metaverse With Improved Engineering</a> appeared first on <a href="https://iamnewswire.com" rel="nofollow">IAM Newswire</a>.
The preceding post was written and/or published as a collaboration between Benzinga&rsquo;s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. The content was purely for informational purposes only and not intended to be investing advice.
The preceding post was written and/or published as a collaboration between Benzinga&rsquo;s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. The content was purely for informational purposes only and not intended to be investing advice.
Image Sourced from <a href="https://pixabay.com/photos/woman-headset-virtual-reality-vr-6882918/">Pixabay</a>

Earnings

Tech

Boeing Will Be Flying to the Metaverse With Improved Engineering

&nbsp;
<h2>Upgrades</h2>
<ul>
<li>According to Wolfe Research, the prior rating for Fisker Inc (NYSE:<a class="ticker" href="/stock/FSR#NYSE">FSR</a>) was changed from Underperform to Peer Perform. In the fourth quarter, Fisker earned $0.05. At the moment, the stock has a 52-week-high of $31.96 and a 52-week-low of $14.32. Fisker closed at $28.16 at the end of the last trading period.</li>
<li>According to Piper Sandler, the prior rating for Farmers National Banc Corp (NASDAQ:<a class="ticker" href="/stock/FMNB#NASDAQ">FMNB</a>) was changed from Neutral to Overweight. Farmers National Banc earned $0.45 in the fourth quarter, compared to $0.35 in the year-ago quarter. The stock has a 52-week-high of $15.43 and a 52-week-low of $9.82. At the end of the last trading period, Farmers National Banc closed at $14.29.</li>
<li>For Itron Inc (NASDAQ:<a class="ticker" href="/stock/ITRI#NASDAQ">ITRI</a>), Argus Research upgraded the previous rating of Hold to Buy. For the fourth quarter, Itron had an EPS of $0.65, compared to year-ago quarter EPS of $0.72. The stock has a 52-week-high of $120.80 and a 52-week-low of $40.48. At the end of the last trading period, Itron closed at $117.75.</li>
<li>According to Baird, the prior rating for WillScot Mobile Mini Holdings Corp (NASDAQ:<a class="ticker" href="/stock/WSC#NASDAQ">WSC</a>) was changed from Neutral to Outperform. The current stock performance of WillScot Mobile Mini shows a 52-week-high of $28.71 and a 52-week-low of $7.45. Moreover, at the end of the last trading period, the closing price was at $27.20.</li>
<li>According to Raymond James, the prior rating for Iridium Communications Inc (NASDAQ:<a class="ticker" href="/stock/IRDM#NASDAQ">IRDM</a>) was changed from Market Perform to Outperform. For the fourth quarter, Iridium Communications had an EPS of $0.06, compared to year-ago quarter EPS of $0.82. The stock has a 52-week-high of $54.65 and a 52-week-low of $16.87. At the end of the last trading period, Iridium Communications closed at $39.47.</li>
<li>According to Loop Capital, the prior rating for 3D Systems Corp (NYSE:<a class="ticker" href="/stock/DDD#NYSE">DDD</a>) was changed from Sell to Hold. In the fourth quarter, 3D Sys showed an EPS of $0.09, compared to $0.05 from the year-ago quarter. The stock has a 52-week-high of $56.50 and a 52-week-low of $4.60. At the end of the last trading period, 3D Sys closed at $31.14.</li>
<li>For Eaton Corp PLC (NYSE:<a class="ticker" href="/stock/ETN#NYSE">ETN</a>), Morgan Stanley upgraded the previous rating of Equal-Weight to Overweight. In the fourth quarter, Eaton Corp showed an EPS of $1.28, compared to $1.37 from the year-ago quarter. The current stock performance of Eaton Corp shows a 52-week-high of $135.84 and a 52-week-low of $56.41. Moreover, at the end of the last trading period, the closing price was at $133.92.</li>
<li>Goldman Sachs upgraded the previous rating for Alcoa Corp (NYSE:<a class="ticker" href="/stock/AA#NYSE">AA</a>) from Sell to Buy. For the fourth quarter, Alcoa had an EPS of $0.26, compared to year-ago quarter EPS of $0.31. The current stock performance of Alcoa shows a 52-week-high of $27.86 and a 52-week-low of $5.16. Moreover, at the end of the last trading period, the closing price was at $27.50.</li>
<li>For Rapid7 Inc (NASDAQ:<a class="ticker" href="/stock/RPD#NASDAQ">RPD</a>), Piper Sandler upgraded the previous rating of Neutral to Overweight. For the fourth quarter, Rapid7 had an EPS of $0.07, compared to year-ago quarter EPS of $0.03. At the moment, the stock has a 52-week-high of $94.60 and a 52-week-low of $31.34. Rapid7 closed at $78.99 at the end of the last trading period.</li>
<li>According to JP Morgan, the prior rating for Casa Systems Inc (NASDAQ:<a class="ticker" href="/stock/CASA#NASDAQ">CASA</a>) was changed from Underweight to Neutral. Casa Systems earned $0.27 in the fourth quarter, compared to $0.15 in the year-ago quarter. At the moment, the stock has a 52-week-high of $13.15 and a 52-week-low of $1.85. Casa Systems closed at $8.02 at the end of the last trading period.</li>
<li>JP Morgan upgraded the previous rating for Sensata Technologies Holding PLC (NYSE:<a class="ticker" href="/stock/ST#NYSE">ST</a>) from Neutral to Overweight. For the fourth quarter, Sensata Technologies had an EPS of $0.85, compared to year-ago quarter EPS of $0.89. The current stock performance of Sensata Technologies shows a 52-week-high of $61.64 and a 52-week-low of $18.25. Moreover, at the end of the last trading period, the closing price was at $59.68.</li>
<li>According to KeyBanc, the prior rating for Roku Inc (NASDAQ:<a class="ticker" href="/stock/ROKU#NASDAQ">ROKU</a>) was changed from Sector Weight to Overweight. Roku earned $0.49 in the fourth quarter, compared to $0.13 in the year-ago quarter. At the moment, the stock has a 52-week-high of $486.72 and a 52-week-low of $58.22. Roku closed at $389.67 at the end of the last trading period.</li>
</ul>
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings upgrades.</a>
&nbsp;
<h2>Downgrades</h2>
<ul>
<li>For Camden Property Trust (NYSE:<a class="ticker" href="/stock/CPT#NYSE">CPT</a>), ScotiaBank downgraded the previous rating of Outperform to Sector Perform. In the fourth quarter, Camden Prop Trust showed an EPS of $1.00, compared to $1.04 from the year-ago quarter. At the moment, the stock has a 52-week-high of $115.03 and a 52-week-low of $62.48. Camden Prop Trust closed at $103.69 at the end of the last trading period.</li>
<li>According to HC Wainwright &amp; Co., the prior rating for Kopin Corp (NASDAQ:<a class="ticker" href="/stock/KOPN#NASDAQ">KOPN</a>) was changed from Buy to Neutral. For the fourth quarter, Kopin had an EPS of $0.02, compared to year-ago quarter EPS of $0.09. The current stock performance of Kopin shows a 52-week-high of $13.62 and a 52-week-low of $0.19. Moreover, at the end of the last trading period, the closing price was at $9.91.</li>
<li>For Adaptive Biotechnologies Corp (NASDAQ:<a class="ticker" href="/stock/ADPT#NASDAQ">ADPT</a>), Goldman Sachs downgraded the previous rating of Buy to Neutral. For the fourth quarter, Adaptive Biotechnologies had an EPS of $0.33, compared to year-ago quarter EPS of $0.17. The current stock performance of Adaptive Biotechnologies shows a 52-week-high of $71.25 and a 52-week-low of $15.19. Moreover, at the end of the last trading period, the closing price was at $53.11.</li>
<li>Mizuho downgraded the previous rating for Black Hills Corp (NYSE:<a class="ticker" href="/stock/BKH#NYSE">BKH</a>) from Buy to Neutral. In the fourth quarter, Black Hills showed an EPS of $1.23, compared to $1.13 from the year-ago quarter. The current stock performance of Black Hills shows a 52-week-high of $81.43 and a 52-week-low of $48.07. Moreover, at the end of the last trading period, the closing price was at $59.94.</li>
<li>According to Goldman Sachs, the prior rating for Owens-Corning Inc (NYSE:<a class="ticker" href="/stock/OC#NYSE">OC</a>) was changed from Buy to Sell. Owens-Corning earned $1.90 in the fourth quarter, compared to $1.13 in the year-ago quarter. The current stock performance of Owens-Corning shows a 52-week-high of $87.89 and a 52-week-low of $28.56. Moreover, at the end of the last trading period, the closing price was at $83.09.</li>
<li>According to RBC Capital, the prior rating for Rocket Companies Inc (NYSE:<a class="ticker" href="/stock/RKT#NYSE">RKT</a>) was changed from Outperform to Sector Perform. Rocket Companies earned $1.14 in the fourth quarter. The current stock performance of Rocket Companies shows a 52-week-high of $43.00 and a 52-week-low of $17.78. Moreover, at the end of the last trading period, the closing price was at $41.60.</li>
<li>According to Piper Sandler, the prior rating for KeyCorp (NYSE:<a class="ticker" href="/stock/KEY#NYSE">KEY</a>) was changed from Overweight to Neutral. In the fourth quarter, KeyCorp showed an EPS of $0.56, compared to $0.48 from the year-ago quarter. The stock has a 52-week-high of $21.81 and a 52-week-low of $7.45. At the end of the last trading period, KeyCorp closed at $20.64.</li>
<li>Berenberg downgraded the previous rating for LivaNova PLC (NASDAQ:<a class="ticker" href="/stock/LIVN#NASDAQ">LIVN</a>) from Buy to Hold. For the fourth quarter, LivaNova had an EPS of $0.71, compared to year-ago quarter EPS of $1.00. The current stock performance of LivaNova shows a 52-week-high of $79.98 and a 52-week-low of $33.40. Moreover, at the end of the last trading period, the closing price was at $76.23.</li>
<li>For Prudential Financial Inc (NYSE:<a class="ticker" href="/stock/PRU#NYSE">PRU</a>), JP Morgan downgraded the previous rating of Overweight to Neutral. Prudential Financial earned $2.93 in the fourth quarter, compared to $2.33 in the year-ago quarter. The current stock performance of Prudential Financial shows a 52-week-high of $91.61 and a 52-week-low of $38.62. Moreover, at the end of the last trading period, the closing price was at $88.94.</li>
</ul>
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings downgrades.</a>
&nbsp;
<h2>Initiations</h2>
<ul>
<li>JonesTrading initiated coverage on Equillium Inc (NASDAQ:<a class="ticker" href="/stock/EQ#NASDAQ">EQ</a>) with a Buy rating. The price target for Equillium is set to $14.00. For the third quarter, Equillium had an EPS of $0.31, compared to year-ago quarter EPS of $0.35. The current stock performance of Equillium shows a 52-week-high of $27.05 and a 52-week-low of $2.20. Moreover, at the end of the last trading period, the closing price was at $7.20.</li>
<li>With a Buy rating, Jefferies initiated coverage on Gemini Therapeutics Inc (NASDAQ:<a class="ticker" href="/stock/GMTX#NASDAQ">GMTX</a>). The price target seems to have been set at $23.00 for Gemini Therapeutics. The stock has a 52-week-high of $16.64 and a 52-week-low of $11.06. At the end of the last trading period, Gemini Therapeutics closed at $16.01.</li>
<li>With an Outperform rating, Bernstein initiated coverage on NextEra Energy Inc (NYSE:<a class="ticker" href="/stock/NEE#NYSE">NEE</a>). The price target seems to have been set at $88.00 for NextEra Energy. In the fourth quarter, NextEra Energy showed an EPS of $0.40, compared to $1.44 from the year-ago quarter. The stock has a 52-week-high of $1232.24 and a 52-week-low of $71.94. At the end of the last trading period, NextEra Energy closed at $75.56.</li>
<li>For Resideo Technologies Inc (NYSE:<a class="ticker" href="/stock/REZI#NYSE">REZI</a>), William Blair initiated coverage, by setting the current rating at Market Perform. In the fourth quarter, Resideo Technologies showed an EPS of $0.44, compared to $0.39 from the year-ago quarter. The stock has a 52-week-high of $29.48 and a 52-week-low of $3.72. At the end of the last trading period, Resideo Technologies closed at $25.81.</li>
<li>With an Outperform rating, Evercore ISI Group initiated coverage on Vor Biopharma Inc (NASDAQ:<a class="ticker" href="/stock/VOR#NASDAQ">VOR</a>). The price target seems to have been set at $48.00 for Vor Biopharma. The current stock performance of Vor Biopharma shows a 52-week-high of $63.62 and a 52-week-low of $25.32. Moreover, at the end of the last trading period, the closing price was at $42.59.</li>
<li>Barclays initiated coverage on Danaher Corp (NYSE:<a class="ticker" href="/stock/DHR#NYSE">DHR</a>) with an Overweight rating. The price target for Danaher is set to $260.00. Danaher earned $2.08 in the fourth quarter, compared to $1.28 in the year-ago quarter. At the moment, the stock has a 52-week-high of $248.86 and a 52-week-low of $119.60. Danaher closed at $223.93 at the end of the last trading period.</li>
<li>Oppenheimer initiated coverage on ChargePoint Holdings Inc (NYSE:<a class="ticker" href="/stock/CHPT#NYSE">CHPT</a>) with an Outperform rating. The price target for ChargePoint Holdings is set to $39.00. The current stock performance of ChargePoint Holdings shows a 52-week-high of $33.35 and a 52-week-low of $28.00. Moreover, at the end of the last trading period, the closing price was at $28.57.</li>
<li>Barclays initiated coverage on Thermo Fisher Scientific Inc (NYSE:<a class="ticker" href="/stock/TMO#NYSE">TMO</a>) with an Overweight rating. The price target for Thermo Fisher Scientific is set to $525.00. In the fourth quarter, Thermo Fisher Scientific showed an EPS of $7.09, compared to $3.55 from the year-ago quarter. The current stock performance of Thermo Fisher Scientific shows a 52-week-high of $532.57 and a 52-week-low of $250.21. Moreover, at the end of the last trading period, the closing price was at $463.20.</li>
<li>With a Equal-Weight rating, Barclays initiated coverage on Syneos Health Inc (NASDAQ:<a class="ticker" href="/stock/SYNH#NASDAQ">SYNH</a>). The price target seems to have been set at $84.00 for Syneos Health. In the fourth quarter, Syneos Health showed an EPS of $1.11, compared to $1.03 from the year-ago quarter. The current stock performance of Syneos Health shows a 52-week-high of $81.35 and a 52-week-low of $30.02. Moreover, at the end of the last trading period, the closing price was at $75.50.</li>
<li>Barclays initiated coverage on PPD Inc (NASDAQ:<a class="ticker" href="/stock/PPD#NASDAQ">PPD</a>) with an Overweight rating. The price target for PPD is set to $42.00. For the fourth quarter, PPD had an EPS of $0.39, compared to year-ago quarter EPS of $0.33. The current stock performance of PPD shows a 52-week-high of $38.76 and a 52-week-low of $10.61. Moreover, at the end of the last trading period, the closing price was at $35.99.</li>
<li>With an Overweight rating, Barclays initiated coverage on Sotera Health Co (NASDAQ:<a class="ticker" href="/stock/SHC#NASDAQ">SHC</a>). The price target seems to have been set at $35.00 for Sotera Health. The current stock performance of Sotera Health shows a 52-week-high of $28.62 and a 52-week-low of $24.36. Moreover, at the end of the last trading period, the closing price was at $26.56.</li>
<li>Barclays initiated coverage on Ortho Clinical Diagnostics Holdings PLC (NASDAQ:<a class="ticker" href="/stock/OCDX#NASDAQ">OCDX</a>) with an Overweight rating. The price target for Ortho Clinical Diagnostic is set to $24.00. At the moment, the stock has a 52-week-high of $18.65 and a 52-week-low of $15.14. Ortho Clinical Diagnostic closed at $17.57 at the end of the last trading period.</li>
<li>Barclays initiated coverage on IQVIA Holdings Inc (NYSE:<a class="ticker" href="/stock/IQV#NYSE">IQV</a>) with an Overweight rating. The price target for IQVIA Holdings is set to $220.00. IQVIA Holdings earned $2.11 in the fourth quarter, compared to $1.74 in the year-ago quarter. The stock has a 52-week-high of $199.99 and a 52-week-low of $81.79. At the end of the last trading period, IQVIA Holdings closed at $192.65.</li>
<li>With a Equal-Weight rating, Barclays initiated coverage on Icon PLC (NASDAQ:<a class="ticker" href="/stock/ICLR#NASDAQ">ICLR</a>). The price target seems to have been set at $200.00 for Icon. Icon earned $1.90 in the fourth quarter, compared to $1.83 in the year-ago quarter. The current stock performance of Icon shows a 52-week-high of $223.62 and a 52-week-low of $104.28. Moreover, at the end of the last trading period, the closing price was at $171.87.</li>
<li>With an Overweight rating, Barclays initiated coverage on Certara Inc (NASDAQ:<a class="ticker" href="/stock/CERT#NASDAQ">CERT</a>). The price target seems to have been set at $40.00 for Certara. The current stock performance of Certara shows a 52-week-high of $41.79 and a 52-week-low of $29.70. Moreover, at the end of the last trading period, the closing price was at $35.49.</li>
<li>Needham initiated coverage on CuriosityStream Inc (NASDAQ:<a class="ticker" href="/stock/CURI#NASDAQ">CURI</a>) with a Buy rating. The price target for CuriosityStream is set to $25.00. Interestingly, in the third quarter, CuriosityStream&#39;s EPS was $0.56. The current stock performance of CuriosityStream shows a 52-week-high of $24.00 and a 52-week-low of $7.44. Moreover, at the end of the last trading period, the closing price was at $18.63.</li>
<li>With an Overweight rating, Barclays initiated coverage on Avantor Inc (NYSE:<a class="ticker" href="/stock/AVTR#NYSE">AVTR</a>). The price target seems to have been set at $33.00 for Avantor. In the fourth quarter, Avantor showed an EPS of $0.29, compared to $0.19 from the year-ago quarter. The stock has a 52-week-high of $31.05 and a 52-week-low of $6.66. At the end of the last trading period, Avantor closed at $28.74.</li>
<li>Barclays initiated coverage on Illumina Inc (NASDAQ:<a class="ticker" href="/stock/ILMN#NASDAQ">ILMN</a>) with an Underweight rating. The price target for Illumina is set to $325.00. In the fourth quarter, Illumina showed an EPS of $1.22, compared to $1.70 from the year-ago quarter. The current stock performance of Illumina shows a 52-week-high of $555.77 and a 52-week-low of $196.78. Moreover, at the end of the last trading period, the closing price was at $441.01.</li>
<li>KeyBanc initiated coverage on OneWater Marine Inc (NASDAQ:<a class="ticker" href="/stock/ONEW#NASDAQ">ONEW</a>) with an Overweight rating. The price target for OneWater Marine is set to $43.00. Interestingly, in the first quarter, OneWater Marine&#39;s EPS was $0.71. The stock has a 52-week-high of $38.71 and a 52-week-low of $3.41. At the end of the last trading period, OneWater Marine closed at $37.24.</li>
</ul>
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings initiations.</a>

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Benzinga's Top Ratings Upgrades, Downgrades For March 3, 2021

Barclays analyst Milene Kerner downgrades Safran (OTC:<a class="ticker" href="/stock/SAFRY#OTC">SAFRY</a>) from Overweight to Equal-Weight.

Barclays Downgrades Safran to Equal-Weight

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Stocks That Hit 52-Week Highs On Tuesday

Boeing Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>) is committing to work on a redesign of engine inlets and engine fan cowls on its older generation 737s at the urging of federal regulators.
The move follows a recommendation from the National Transportation Safety Board, which said the redesign is needed to avoid incidents like one that killed a passenger on a Southwest Airlines Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/luv#NYSE">LUV</a>) flight last year.
The fan blade break that caused that accident in April 2018 isn&rsquo;t as likely to occur again, as changes are already underway in how fan blades are inspected.&nbsp;
But it was another difficult piece of news raising the level of scrutiny of&nbsp;the Chicago-based plane maker, which is still working through a fix for a different jet, the newer <a href="https://www.benzinga.com/topic/737-max">737 MAX</a> aircraft, that remains grounded after two mass casualty accidents in a five-month span.
<h3>First US Airline Fatality In Nearly A Decade&nbsp;</h3>
The 2018 incident involved a cracked fan blade that went undetected by routine maintenance checks. The blade broke off and hit the engine case, sending debris into the fuselage, where it broke out a window, causing the passenger&rsquo;s death. The plane, en route from New York to Dallas, then made a safe emergency landing in Philadelphia.
The accident resulted the death of Jennifer Riordan, a 43-year-old banker and mother from Albuquerque who was almost sucked out after the debris broke a hole in the plane. It&nbsp;was the first fatality on a U.S. airline flight in almost a decade.
Since then, the FAA has required more advanced fan blade inspections, using ultrasound and electric current instead of just visual checks, on certain engines made by CFM International, a joint venture of General Electric Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ge#NYSE">GE</a>) and Safran ADR (OTC: <a class="ticker" href="https://www.benzinga.com/stock/safry#OTC">SAFRY</a>).
Those more careful checks turned up other blades with cracks.
The NTSB suggested &mdash;&nbsp;and Boeing agreed &mdash; that the companies need to make design changes to the engine inlet and the covering of the fan to make it more likely they would withstand a fan blade break even if it were to occur.
The board also recommended retrofitting of many older Boeing 737s with the redesigned engine-covering part. The overall order affects about 7,000 737 NGs.
<h3>&#39;Does Not Affect 737 MAX&#39;</h3>
&ldquo;Once approved by the FAA, that design change will be implemented in the existing NG fleet over the longer term,&rdquo; Boeing said in a statement. &ldquo;This issue is limited to the 737 NG and does not affect the 737 MAX.&rdquo;
The distinction is one Boeing is eager to highlight, undoubtedly fearful that headlines over the 737 NG issue may be conflated with the ongoing questions about the safety of the 737 MAX, which was grounded over a separate issue involving flight control software and warning systems.
It also comes as Boeing is <a href="https://in.reuters.com/article/uk-boeing-airplanes/qantas-southwest-step-up-checks-of-boeing-737-ngs-after-more-cracks-found-idINKBN1XA12P">dealing with the need to make repairs on cracks on another part of the aircraft</a>, the pickle fork, at an estimated&nbsp;$275,000 per plane.
<blockquote class="twitter-tweet">A fatal engine failure putting Boeing front and center again as the NTSB calls for a redesign of the company&#39;s 737 NG planes. <a href="https://twitter.com/Lebeaucarnews?ref_src=twsrc%5Etfw">@Lebeaucarnews</a> breaks down the latest leg of the <a href="https://twitter.com/search?q=%24BA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BA</a> saga and the traders discuss what lies ahead. <a href="https://t.co/SM26V8N42j">pic.twitter.com/SM26V8N42j</a>
&mdash; CNBC&#39;s Fast Money (@CNBCFastMoney) <a href="https://twitter.com/CNBCFastMoney/status/1196917405290815489?ref_src=twsrc%5Etfw">November 19, 2019</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>In the meantime, &ldquo;all 737 NGs are safe to continue operating normally as the issue is completely mitigated by the fan blade inspections,&rdquo; Boeing said.
<h3>FAA Proposes $3.9M Fine Over Additional 737 Issues&nbsp;</h3>
The FAA proposed a civil penalty of more than $3.9 million on Dec. 6 against Boeing for what the agency said was the installation of noncoforming components on about 133 aircraft that Boeing then said were ready for airworthiness certification.&nbsp;
A lack of quality oversight of suppliers led to the installation of slat tracks on the leading edge of Boeing 737 wings that were weakened by hydrogen embrittlement, the FAA said.&nbsp;
A Boeing spokesman <a href="https://www.reuters.com/article/us-boeing-fine/faa-seeks-3-9-million-fine-from-boeing-for-defective-parts-on-737-ng-planes-idUSKBN1YA2F2">told Reuters</a> that the manufacturer is &quot;working closely with our customers to take the appropriate corrective actions.&quot; The jetmaker has 30 days to either pay or challenge the fine.&nbsp;
Boeing shares were down 1.31% at $343.34 at the time of publication Wednesday.&nbsp;
Related Links:
<a href="https://www.benzinga.com/government/19/11/14830584/faa-head-plane-approval-process-needs-to-be-more-holistic-cooperative">FAA Head: Plane Approval Process Needs To Be More Holistic, Cooperative</a>&nbsp;
<a href="https://www.benzinga.com/news/19/11/14779026/boeing-737-max-deliveries-could-resume-in-december">Boeing: 737 MAX Deliveries Could Resume In December</a>&nbsp;
Photo by <a href="https://commons.wikimedia.org/wiki/File:B737_(8481234048).jpg">Bernal Saborio via Wikimedia</a>.&nbsp;

Boeing Is Redesigning 7,000 Planes. It's Not What You Think.

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