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BHP

BHP Billiton

$38.73

0.42 (1.10%)

06:28
11/25/16
11/25
06:28
11/25/16
06:28

BHP Billiton approves further financial support for Samarco

BHP Billiton has approved further financial support for Samarco. The amount of $181M has been approved to fund the remediation and compensation programs identified under the Framework Agreement which the Renova Foundation governs and oversees. This amount of $181M will be offset against the Group's provision of $1.2B, recognised as at June 30. In addition, a short-term facility of up to $115M will be made available to Samarco to carry out remediation and stabilisation work and to support Samarco's operations. Funds will be released to Samarco only as required and subject to the achievement of key milestones. The short-term facility allows BHP Billiton Brasil to preserve the value of its investment as options for restart continue to be assessed. A restart of Samarco operations is important for Samarco, BHP Billiton Brasil, Vale, the local communities and for the Brazilian economy. Restart will occur only if it is safe and economic to do so and the necessary approvals have been obtained from Brazilian authorities. BHP Billiton Brasil continues to work through options for restart with Vale and Samarco.

BHP BHP Billiton
$38.73

0.42 (1.10%)

10/11/16
10/11/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Comerica (CMA) downgraded to Market Perform from Outperform at FBR Capital with analyst Bob Ramsey citing valuation following the recent strength in the shares. 2. Charter downgraded to Neutral from Buy at MoffettNathanson with analyst Craig Moffett saying shares have risen sharply year-to-date, along with consensus estimates, and views shares as fairly valued. 3. BHP Billiton (BHP) downgraded to Neutral from Buy at UBS with the firm citing its expectations for lower iron ore and coal prices over the next six months. 4. Illumina (ILMN) downgraded to Sell from Neutral at Janney Capital and to Neutral from Buy at Citi. 5. KBR (KBR) downgraded to Sell from Neutral at Goldman with analyst Jerry Revich citing limited growth prospects due to outsized exposure to core LNG and greenfield ammonia capex cycles that are in the early stages of decline. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/12/16
SBSH
10/12/16
DOWNGRADE
SBSH
Sell
BHP Billiton downgraded to Sell from Neutral at Citi
11/10/16
HSBC
11/10/16
INITIATION
HSBC
Hold
BHP Billiton initiated with a Hold at HSBC
11/10/16
11/10/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. BHP Billiton (BHP) initiated with a Hold at HSBC. 2. Mondelez (MDLZ) reinstated with a Hold at Deutsche Bank. 3. Yum China (YUMC) initiated with an Outperform at Oppenheimer. 4. Arch Coal (ARCH) initiated with a Buy at Seaport Global. 5. Zions Bancorp (ZIOP) coverage assumed with an Outperform at RBC Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

MNRO

Monro Muffler

$41.70

-3.45 (-7.64%)

06:36
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CHFS

CHF Solutions

$0.62

-0.0074 (-1.17%)

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Initiation
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MKC

McCormick

$98.95

0.42 (0.43%)

06:33
06/29/17
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Earnings
McCormick backs FY17 adj. EPS view of $4.05-$4.13 »

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MKC

McCormick

$98.95

0.42 (0.43%)

06:31
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Earnings
McCormick reports Q2 adj. EPS 82c, consensus 76c »

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PIR

Pier 1 Imports

$5.38

0.04 (0.75%)

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WB

Weibo

$69.36

0.28 (0.41%)

06:22
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WB

Weibo

$69.36

0.28 (0.41%)

, SINA

SINA

$86.75

1.78 (2.09%)

06:18
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Periodicals
China's Weibo to block unlicensed video conternt, Reuters reports »

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WB

Weibo

$69.36

0.28 (0.41%)

SINA

SINA

$86.75

1.78 (2.09%)

FENG

Phoenix New Media

$2.70

-0.04 (-1.46%)

03/08/13
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CNP

CenterPoint Energy

$27.83

-0.35 (-1.24%)

06:13
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06:13
Downgrade
CenterPoint Energy rating change  »

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ALSN

Allison Transmission

$37.89

0.65 (1.75%)

06:10
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NOAH

Noah Holdings

$27.69

1.13 (4.25%)

06:05
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06/29
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Hot Stocks
Noah Holdings authorizes $50M share repurchase program »

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GBX

Greenbrier

$50.00

0.55 (1.11%)

06:04
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Earnings
Greenbrier sees FY17 EPS $3.45-$3.65, consensus $3.49 »

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  • 29

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  • 07

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PDS

Precision Drilling

$3.36

0.03 (0.90%)

06:04
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Precision Drilling rating change  »

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GBX

Greenbrier

$50.00

0.55 (1.11%)

06:03
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06/29
06:03
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Earnings
Greenbrier reports Q3 EPS $1.03, consensus 82c »

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SPX

S&P 500

06:01
06/29/17
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Technical Analysis
S&P 500: Pivot points »

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IMGN

ImmunoGen

$7.00

0.46 (7.03%)

06:01
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06/29
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ImmunoGen analyst commentary  »

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GDX

Market Vector Gold Miners

$22.43

0.17 (0.76%)

05:58
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Technical Analysis
Market Vector Gold Miners: Pivot points »

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GLD

SPDR Gold Trust

$118.90

0.09 (0.08%)

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Technical Analysis
SPDR Gold Trust: Pivot points »

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NUGT

Direxion Gold Miners Bull

$31.99

0.49 (1.56%)

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Technical Analysis
Direxion Gold Miners Bull: Pivot points »

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JNUG

Direxion Daily Jr Gld Mnrs Bull 3X Shrs

$19.69

0.8 (4.24%)

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DUST

Direxion Daily Gold Miners Bear 3X ETF

$29.70

-0.63 (-2.08%)

05:56
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Direxion Daily Gold Miners Bear 3X ETF: Pivot points »

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JDST

Direxion Daily Junior Gold Miners Index Bear 3x Shares

$60.67

-2.77 (-4.37%)

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Technical Analysis
Direxion Daily Junior Gold Miners Index Bear 3x Shares: Pivot points »

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VXX

iPath S&P 500 VIX Short-Term Futures

$12.33

-0.34 (-2.68%)

05:49
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Technical Analysis
iPath S&P 500 VIX Short-Term Futures: Pivot points »

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XIV

VelocityShares Daily Inverse VIX Short-Term ETN

$86.47

2.38 (2.83%)

05:49
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Technical Analysis
VelocityShares Daily Inverse VIX Short-Term ETN: Pivot points »

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TVIX

VelocityShares Daily 2x VIX Short-Term ETN

$19.71

-1.13 (-5.42%)

05:49
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Technical Analysis
VelocityShares Daily 2x VIX Short-Term ETN: Pivot points »

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SVXY

ProShares Short VIX Short-Term Futures

$167.10

5 (3.08%)

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Technical Analysis
ProShares Short VIX Short-Term Futures: Pivot points »

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