We think these firms will continue to be consistent dividend-payers as the commercial aerospace cycle goes on strong and U.S. defense budgets increase.
The proposal is mostly in line with our expectations, and our valuations haven't changed.
We are not changing our 2019 forecast, but there will be a 1% decrease in our fair value estimate.
This weekend's 737 MAX 8 crash injects more uncertainty into an already high uncertainty name.
Cash generation was the one weak spot in firm's results, and we view shares as slightly overvalued.
Shares of the wide-moat firm look cheap today.
Our sum-of-the-parts assessment surpasses our current fair value estimate.
Our projection for modest growth in the fiscal 2020 defense budget is now on shakier ground.
The wide-moat firm continues to execute and generate prodigious amounts of cash, but its shares look slightly overvalued.
We think the midterm elections could provide an investment opportunity as uncertainty rises beforehand.
We believe this Mexican airport operator is the best positioned to take advantage of increasing traffic.
General Dynamics has a long track record of performing for investors and is one of the cheapest names we cover in the sector.
We believe the tie-up is attractive for Boeing but give the arrangement about a 50/50 shot of going forward.
We're raising our fair value estimate for this wide-moat firm after a strong first quarter.
The possible tariffs only target older 737 variants, but the news sent the stock down and shares are fairly valued today.
Given its need for new aircraft, we don't expect China to immediately place tariffs on jets, but that doesn't mean Boeing is cheap today.
Don't bet on it. Here's why.
This year continues to look like a transition one with lower year over year profit margins, as the narrow-moat firm moves the new E2 jets into production.
The direct impact of tariffs is manageable for Boeing, but the risk of a trade war with China is a big concern.
But we expect a repeat of the 1980s, with a buildup followed by cuts.
The airline has a lot of work to do to right its operations, and fixes will likely involve near-term pain.
Bellwether Delta's results are encouraging, and we think airline stocks could be poised for a strong second half in 2018 due to falling fuel prices.
GE and Rolls-Royce are our top picks in the wide-body commercial aircraft industry.
Reports say the deal is in a holding pattern as the two parties await the Brazilian government's approval.
Mexican domestic and international air traffic growth look quite strong, and we think Pacifico is a compelling opportunity.
We think the most likely outcome won't have much effect on defense stocks.
We expect Boeing to fight this partnership and think it may seek closer ties with Embraer.
New revenue opportunities that were quantified at the firm's latest investor day drove the $3 per share boost.
With the plan to acquire Orbital ATK for $9.2 billion, we're raising our Northrop fair value estimate.
After acquiring narrow-moat Rockwell Collins, wide-moat United Technologies will increasingly trade like an aerospace stock and generate roughly 60% of its 2019 revenue from aerospace and defense.
Undervalued Delta remains our top pick.
Rockwell is one of the few attractive targets that could move United Technologies' $57 billion revenue needle.
Wide-moat Boeing registered 56 wide-body deals.
We question both Qatar Airways' tactics and strategy.
The wide-moat company will reveal details on its new midsize airplane and formally launch the 737 MAX-10 at next week's Paris Air Show.
A commitment to returning capital to shareholders via a dividend increase and share buyback program combined with prudent capacity plans make this carrier a favorite.
Second-quarter guidance from the airline points to a muted near-term revenue impact from last week’s incident, says Morningstar’s Chris Higgins.
We've raised our fair value estimate on the no-moat airline.
We think investors are overlooking the solid air traffic growth forecast for 2017.
Investors are optimistic, but we see many unknowns.
We do expect revenue and profit growth at the aircraft part maker will moderate, however.
We're encouraged by the recent evolution in passenger revenue per available seat mile, but we still see headwinds on the horizon for 2017.
Even with faltering demand for large wide-body jets, we still see investment opportunity in firms exposed to the strength of the narrow-body market.
Larger wide-body jets remain a concern for the likes of Boeing and Airbus, but narrow bodies look more secure.
Although the airline has a few upsides specific to its business, we expect 2017 to be a tougher year.
Defense is likely to be the clearest beneficiary, with a mixed impact for other sectors.
We believe volatility will persist over the next several months with three wide-moat Mexican airports that we cover.
We expect defense names to move upward over the short- to mid-term and outperform the market.
Transdigm's revenue and profit growth are likely to slow, but the recent sell-off in its shares has been overdone.
We think demand will remain solid for narrow-body aircraft, with Airbus Group, United Technologies, and Safran leading the way.