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ALE

ALLETE

$57.73

0.67 (1.17%)

, X

U.S. Steel

$17.95

0.27 (1.53%)

06:31
10/11/16
10/11
06:31
10/11/16
06:31

ALLETE reaches five-year contract to supply electricity to U.S. Steel

ALLETE (ALE) announced that Minnesota Power has reached a five-year agreement to supply electricity to U.S. Steel (X) through at least December 2021. The largest taconite producer on Minnesota's Iron Range, U.S. Steel owns the Minntac and Keetac taconite plants and mines on Minnesota's Iron Range, with a combined production capacity of 22M tons of iron ore pellets per year. U.S. Steel also has a 14.7% minority ownership interest in Hibbing Taconite Co., where the annual production capacity is 9.1M tons of iron ore pellets.

ALE

ALLETE

$57.73

0.67 (1.17%)

X

U.S. Steel

$17.95

0.27 (1.53%)

  • 02

    Nov

  • 04

    Nov

ALE ALLETE
$57.73

0.67 (1.17%)

05/25/16
WILL
05/25/16
UPGRADE
WILL
Buy
ALLETE upgraded to Buy from Hold at Williams Capital
03/29/16
WILL
03/29/16
DOWNGRADE
WILL
Hold
ALLETE downgraded to Hold from Buy at Williams Capital
12/08/15
12/08/15
UPGRADE

On the Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AB InBev (BUD) upgraded to Buy from Reduce at HSBC...ALLETE (ALE) upgraded to Buy from Hold at Wunderlich...Agilent (A) upgraded to Buy from Neutral at Goldman...Ares Management (ARES) upgraded to Buy from Neutral at BofA/Merrill...BBCN Bancorp (BBCN) upgraded to Neutral from Underweight at Piper Jaffray...Douglas Emmett (DEI) upgraded to Outperform from Market Perform at BMO Capital...FEI Company (FEIC) upgraded to Buy from Neutral at Goldman...FireEye (FEYE) upgraded to Buy from Neutral at Citi...Galena (GALE) upgraded to Hold from Sell at Cantor...Hershey (HSY) upgraded to Buy from Hold at Argus...Kellogg (K) upgraded to Equal Weight from Underweight at Morgan Stanley...Lamar Advertising (LAMR) upgraded to Buy from Hold at Topeka...Myriad Genetics (MYGN) upgraded to Neutral from Sell at Goldman...Outerwall (OUTR) upgraded to Buy from Neutral at B. Riley...Tanger Factory (SKT) upgraded to Buy from Neutral at Goldman...Thermo Fisher (TMO) upgraded to Conviction Buy from Buy at Goldman...Unilever (UL) upgraded to Neutral from Underperform at Credit Suisse...Vail Resorts (MTN) upgraded to Buy from Neutral at Goldman...WABCO (WBC) upgraded to Buy from Hold at Stifel.
12/08/15
WDLK
12/08/15
UPGRADE
Target $55
WDLK
Buy
ALLETE upgraded to Buy from Hold at Wunderlich
Wunderlich analyst James Dobson upgraded ALLETE to Buy with a $55 price target citing an attractive valuation at current levels.
X U.S. Steel
$17.95

0.27 (1.53%)

09/26/16
JPMS
09/26/16
NO CHANGE
Target $37
JPMS
Overweight
U.S. Steel recent weakness brings buying opportunity, says JPMorgan
JPMorgan analyst Michael Gambardella believes the recent weakness in shares of U.S. Steel provides a buying opportunity. The majority of the supply cuts that caused steel prices and stocks to rally earlier this year remain in place, Gambardella tells investors in a research note. He reiterates an Overweight rating on U.S. Steel with a $37 price target.
09/23/16
FBCO
09/23/16
NO CHANGE
Target $29
FBCO
Outperform
Credit Suisse says U.S. Steel shares are 'very' undervalued
Credit Suisse analyst Curt Woodworth believes U.S. Steel shares are "very" undervalued and views the sharp pullback on the widely anticipated hot rolled sheet price correction as overdone. Woodworth sees significant upside potential into 2017 as conversion costs continue to fall, U.S. Steel realizes ASP increases in annual contracts, OCTG moves higher as excess inventory is worked down, and Europe benefits from higher prices in both spot and contract tons. The analyst rates U.S. Steel an Outperform with a $29 price target on shares.
09/19/16
09/19/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. General Motors (GM) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Adam Jonas saying he believes even flat earnings in 2017 and 2018 would be received as a positive surprise by the market. 2. Wells Fargo (WFC) upgraded to Outperform from Neutral at Baird analyst David George saying he believes the recent pullback is a buying opportunity. 3. Lockheed Martin (LMT) upgraded to Outperform from Market Perform at Wells Fargo with analyst Sam Pearlstein saying he believes the company's earnings can grow 20% per year through 2020. 4. U.S. Steel (X), AK Steel (AKS), and Olympic Steel (ZEUS) were upgraded to Sector Weight from Underweight at KeyBanc with analyst Ivan Marcuse saying the stocks at current levels better reflect the more competitive market conditions he expects in Q4 and 2017. 5. Mattel (MAT) upgraded to Buy from Neutral at Monness Crespi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/19/16
KEYB
09/19/16
UPGRADE
KEYB
Sector Weight
Olympic Steel upgraded to Sector Weight from Underweight at KeyBanc
KeyBanc analyst Ivan Marcuse upgraded Olympic Steel (ZEUS) to Sector Weight saying the stock at current levels better reflects the more competitive market conditions he expects in Q4 and 2017. The analyst this morning also upgraded AK Steel (AKS) and U.S. Steel (X) to Sector Weight.

TODAY'S FREE FLY STORIES

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VDNRF

Vedanta Resources

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EXPE

Expedia

$134.14

2.16 (1.64%)

10:41
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Notable pre-earnings option play in Expedia »

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JetBlue

$21.75

0.22 (1.02%)

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MRAM

Everspin Technologies

$9.29

0.14 (1.53%)

, SSNLF

Samsung

10:38
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Periodicals
Samsung to give new MRAM memory details next month, Patently Apple says »

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Everspin Technologies

$9.29

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SSNLF

Samsung

IBM

IBM

$161.45

0.7 (0.44%)

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AVXS

AveXis

$79.18

2.42 (3.15%)

10:37
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TSLA

Tesla

$308.03

2.43 (0.80%)

10:35
04/25/17
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Periodicals
Union workers claim Tesla illegally intimidated them, BuzzFeed says »

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AEP

American Electric

$67.86

-0.11 (-0.16%)

10:35
04/25/17
04/25
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10:35
Hot Stocks
American Electric says to invest $17.3B in capital over next three years »

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10:35
04/25/17
04/25
10:35
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10:35
General news
U.S. consumer confidence fell to a still-robust 120.3 »

U.S. consumer confidence…

FCX

Freeport McMoRan

$13.19

0.955 (7.81%)

10:34
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Hot Stocks
Freeport McMoRan says near-term debt situation ins manageable »

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  • 25

    Apr

JBLU

JetBlue

$21.75

0.22 (1.02%)

, EADSY

Airbus

$20.02

0.84 (4.38%)

10:31
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JetBlue says early A321NEOs have Pratt & Whitney GTF engines »

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$20.02

0.84 (4.38%)

UTX

United Technologies

$117.06

0.74 (0.64%)

03/08/13
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BIIB

Biogen

$276.86

3.92 (1.44%)

10:31
04/25/17
04/25
10:31
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10:31
Recommendations
Biogen analyst commentary  »

With Spinraza 'just…

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  • 25

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UNXL

Uni-Pixel

$0.80

-0.01 (-1.23%)

10:31
04/25/17
04/25
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Options
Uni Pixel with higher call volume »

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  • 18

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10:30
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General news
The 5.8% March U.S. new home sales surge »

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EAT

Brinker

$43.93

-1.53 (-3.37%)

10:29
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Brinker says 'comfortable' with guidance provided for FY17 »

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  • 25

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JBLU

JetBlue

$21.75

0.22 (1.02%)

10:28
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Hot Stocks
Breaking Hot Stocks news story on JetBlue »

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  • 25

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JBLU

JetBlue

$21.75

0.22 (1.02%)

, ERJ

Embraer

$19.51

-0.2483 (-1.26%)

10:27
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Hot Stocks
Breaking Hot Stocks news story on JetBlue, Embraer »

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JBLU

JetBlue

$21.75

0.22 (1.02%)

ERJ

Embraer

$19.51

-0.2483 (-1.26%)

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  • 25

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QQQ

PowerShares QQQ Trust

$134.16

1.6 (1.21%)

10:27
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Technical Analysis
PowerShares QQQ Trust hits fresh 52-week highs »

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FCX

Freeport McMoRan

$13.15

0.9153 (7.48%)

10:27
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Hot Stocks
Breaking Hot Stocks news story on Freeport McMoRan »

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  • 25

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C

Citi

$60.29

0.85 (1.43%)

10:26
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Citi confirms receipt of CMA license in Saudi Arabia »

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FCX

Freeport McMoRan

$13.15

0.9153 (7.48%)

10:26
04/25/17
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Hot Stocks
Breaking Hot Stocks news story on Freeport McMoRan »

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  • 25

    Apr

JBLU

JetBlue

$21.75

0.22 (1.02%)

, ERJ

Embraer

$19.51

-0.2483 (-1.26%)

10:26
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04/25
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Hot Stocks
JetBlue aiming for CASM ex-fuel flat to up 1% for 2018-2020 »

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JetBlue

$21.75

0.22 (1.02%)

ERJ

Embraer

$19.51

-0.2483 (-1.26%)

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  • 25

    Apr

BBRY

BlackBerry

$9.29

0.21 (2.31%)

10:26
04/25/17
04/25
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10:26
Options
BlackBerry call volume above normal and directionally bullish »

Bullish option flow…

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LLY

Eli Lilly

$81.41

-2.01 (-2.41%)

10:26
04/25/17
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