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Drexel Now Sees Esterline Technologies As A Margin Recovery Story, Upgrades To Buy
Monday, August 15, 2016 - 1:33pm | 299Drexel Hamilton has upgraded Esterline Technologies Corporation (NYSE: ESL) to Buy from Hold and set a target price of $86, citing margin recovery opportunities. Over the past two years, Esterline has been focusing on efficiency through lean initiatives (E3), strategic sourcing and global footprint...
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Apple Is Drexel's Top Pick For The Second Half Of 2016
Tuesday, August 9, 2016 - 10:29am | 340With 96 percent sales reported for the Apple Monitor, Drexel Hamilton’s Brian White believes July sales and performance for Apple Inc. (NASDAQ: AAPL) has been stronger than the historical averages. He maintained a Buy rating on the company, with a price target of $185. July Sales Up...
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Drexel's Brian White Says Apple Shares Will Bottom This Summer; Reiterates Buy
Wednesday, July 27, 2016 - 9:48am | 419Apple Inc. (NASDAQ: AAPL) reported robust 3QFY16 results on July 26, while issuing its 4QFY16 guidance above expectations. Drexel Hamilton’s Brian J. White maintains a Buy rating on the company, with a price target of $185. Stock Will Bottom “We believe Apple's better than expected...
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Drexel Hamilton Highlights Upcoming Roadshows From Boeing And Others
Tuesday, July 19, 2016 - 12:51pm | 334Drexel Hamilton provided the dates for the upcoming non-deal roadshows, a series of meetings across different cities in which top executives talk with current or potential investors. During this meetings, company executives often give clues as to how their companies are performing toward meeting...
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IBM Should Show Some Progress In Monday's Earnings Report
Friday, July 15, 2016 - 11:40am | 208The analysts at Drexel Hamilton suggested International Business Machines Corp. (NYSE: IBM) as being "on tap," adding they are "not expecting fireworks," but more progress in this transition. IBM's 2Q16 earnings results announcement is scheduled on July 18 at 5:00 p.m. EST. According to the...
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Boeing: A Tale Of Irresistible Force Vs. The Immovable Object
Friday, July 15, 2016 - 11:03am | 198Drexel Hamilton commented on Boeing Co (NYSE: BA) in its note published Friday. According to the analysts, the Farnborough Air Show this week was a bit of a disappointment order-wise for Boeing. However, the analysts mentioned that both Boeing and Airbus are positioned to have year-to-date book/...
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Drexel's Apple Monitor Shows Better-Than-Seasonal June Performance
Thursday, July 7, 2016 - 9:57am | 297Drexel Hamilton’s Apple Monitor revealed June sales and performance were better than the historical averages. Analyst Brian J. White maintained a Buy rating on Apple Inc. (NASDAQ: AAPL), with a price target of $185. Apple Monitor White expects month-on-month sales growth to continue through...
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Drexel Hamilton Reiterates Buy On Oracle Following 'A Big Beat In The Cloud'
Friday, June 17, 2016 - 8:48am | 303Oracle Corporation (NYSE: ORCL) reported a 4Q16 revenue beat and raised its 1Q17 SaaS/PaaS cloud sales outlook. Drexel Hamilton’s Brian J. White reiterated a Buy rating for the company, with a price target of $51. The analyst commented that the “worst of this cloud transition is behind...
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Drexel's Estimates For Science Applications International Revised Higher
Wednesday, June 15, 2016 - 3:14pm | 255Drexel Hamilton analyst Michael French has increased his price target on Science Applications International Corp (NYSE: SAIC) shares to $63 from $55. The brokerage retained a Buy rating. The move comes after the company reported first quarter results that were ahead of the estimations. "We...
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Brian White Reiterates Apple As Top Pick Ahead Of WWDC, Previews Event
Sunday, June 12, 2016 - 2:39pm | 325Apple Inc. (NASDAQ: AAPL) Worldwide Developers Conference (WWDC) will take place next week in San Francisco. Ahead of the event, Drexel Hamilton’s Brian J. White reiterated a Buy rating and $185 price target on shares of the tech behemoth, and shared the firm’s expectations for the...
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Corning Shares Downgraded To Sell By Drexel Hamilton's Brian White
Friday, June 10, 2016 - 3:05pm | 425Drexel Hamilton's Brian White has downgraded Corning Incorporated (NYSE: GLW) to Sell from Hold, and recommends Apple Inc. (NASDAQ: AAPL), Cisco Systems, Inc. (NASDAQ: CSCO) and International Business Machines Corp. (NYSE: IBM) for value investors. "In our view, Corning's financial engineering with...
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'Gloom And Doom' In Apple Story Has Reached Extreme Levels This Year, Says Drexel Hamilton
Wednesday, June 8, 2016 - 10:24am | 307Drexel Hamilton’s Brian J. White believes “the ‘gloom and doom’ sentiment engulfing the Apple Inc. (NASDAQ: AAPL) story has reached extreme levels this year,” and the stock represents “an exceptional value.” White maintains a Buy rating on the company, with...
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Drexel Hamilton's Brian White Expecting A Strong Quarter Out Of Splunk
Tuesday, May 24, 2016 - 9:00am | 269Splunk Inc (NASDAQ: SPLK) is scheduled to report its F1QY17 results on May 26. Drexel Hamilton's Brian White maintained a Buy rating for the company, with a price target of $80. The analyst commented that a strong quarter could boost Splunk’s shares in FY17. Splunk’s shares are...
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Drexel Hamilton Sees Signs Of Life In VMware
Tuesday, May 17, 2016 - 5:45pm | 176Over the past two months, shares of VMware, Inc. (NYSE: VMW) have started to bounce back and the Street is taking notice. Earlier Tuesday, Drexel Hamilton's Brian White released a note saying the stock is showing signs of life in the spring. White states the stock remains "extremely...
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What Are The Takeaways From Corning Earnings?
Tuesday, April 26, 2016 - 5:31pm | 354Shares of Corning Incorporated (NYSE: GLW) fell as much as 8.4 percent after the LCD panel maker reported mixed quarterly results and a software glitch that cut revenue by $100 million in the quarter. For the first quarter, Corning reported core EPS of $0.28, in line with estimates. But, core...