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BHP

BHP Billiton

$39.40

0.76 (1.97%)

08:14
07/17/17
07/17
08:14
07/17/17
08:14

BHP Billiton shareholders support Elliott campaign, AFR says

Large BHP Billiton shareholders, including the Australian Foundation Investment Company and Wilson Asset Management, have met with Elliott Management and support the activist investor's campaign to streamline BHP's dual-listed structure and break up the companies petroleum division, the Australian Financial Review reports, citing shareholders."I actually think they have been helpful in the sense that they have brought into the public focus the fact that BHP has actually underperformed over the last three, five to ten years and nobody can deny that is true and management and the board aren't denying that either," said AFIC managing director Ross Barker. "We've got an open door. They have come in to see us." Reference Link

BHP BHP Billiton
$39.40

0.76 (1.97%)

06/08/17
UBSW
06/08/17
UPGRADE
UBSW
Buy
BHP Billiton upgraded to Buy from Neutral at UBS
UBS analyst Glyn Lawcock upgraded BHP Billiton to Buy from Neutral citing its current valuation, attractive yield, and upcoming catalysts that include asset disposals, approval of the attractive Spence Growth Option, and expectations for a new chairman in the near-term. Lawcock maintained his A$28 price target on BHP Billiton shares.
06/08/17
06/08/17
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. AutoNation (AN) upgraded to Buy from Neutral at Northcoast. 2. Kite Pharma (KITE) upgraded to Buy from Neutral at BTIG with analyst Dane Leone saying data from Novartis (NVS) and Juno (JUNO) have failed to deliver any recognizable differentiation, though Leone gives Kite "a clear win" for the manufacturing of Axi-Cel versus peers. 3. Infosys (INFY) upgraded to Buy from Hold at HSBC with analyst Yogesh Aggarwal citing "undemanding" valuation and low expectations. 4. DSW (DSW) upgraded to Neutral from Underperform at Cleveland Research. 5. BHP Billiton (BHP) upgraded to Buy from Neutral at UBS with analyst Glyn Lawcock citing its current valuation, attractive yield, and upcoming catalysts that include asset disposals, approval of the attractive Spence Growth Option, and expectations for a new chairman in the near-term. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/08/17
06/08/17
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. Juno Therapeutics (JUNO) downgraded to Sell from Neutral at BTIG with analyst Dane Leone saying that the company's treatment for CD19 and hematologic malignancies is on track to hit the market later than competing products, while there is no "demonstrated proof" that Juno will have any advantages in the areas of efficacy or toxicity. 2. National Grid (NGG) downgraded to Sell from Hold at Deutsche Bank with analyst James Brand saying the company's sustainable equity cash flow yield could drop below 6% after its next regulatory review. 3. BHP Billiton (BHP) downgraded to Hold from Buy at Jefferies with analyst Christopher LaFemina saying he believes the balance sheet recap trade in mining as well as the Chinese stimulus-driven recovery in demand is over. 4. Lear (LEA) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Adam Jonas saying he expects Lear's earnings to peak this year and to fall by 20% by 2021 and expects Electrical business margins to disappoint investors due to higher development costs, increased competition, and potential lost market share. 5. Hawaiian Holdings (HA) downgraded to Hold from Buy at Deutsche Bank with analyst Michael Linenberg saying the valuation is near full following the recent rally. The analyst raised his price target for the shares to $64 from $63. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/27/17
ARGS
06/27/17
NO CHANGE
ARGS
BHP Billiton weakness creates buying opportunity, says Argus
Argus analyst David Coleman notes that BHP's stock has tumbled 8.9% over the past three months. He thinks that commodity prices have "moved beyond" their bottoms, while BHP's earnings should rise in the near-term. The analyst notes that the company has cut costs and has taken a number of steps to improve its balance sheet. He keeps a $46 price target and a Buy rating on the shares.

TODAY'S FREE FLY STORIES

JRVR

James River Group

$41.95

-0.08 (-0.19%)

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MDB

MongoDB

07:27
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Syndicate
MongoDB IPO deal range increased to $20.00-$22.00 »

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NFLX

Netflix

$202.68

3.19 (1.60%)

07:26
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PSX

Phillips 66

$90.87

-3.56 (-3.77%)

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    Oct

VZ

Verizon

$48.09

0.23 (0.48%)

07:25
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Periodicals
Verizon FiOS stops carrying Univision, WSJ reports »

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VLO

Valero

$77.42

-0.66 (-0.85%)

07:25
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  • 26

    Oct

SNDX

Syndax

$12.76

0.39 (3.15%)

07:25
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Syndicate
Syndax raises $25M in a registered direct offering »

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IMDZ

Immune Design

$10.10

-0.85 (-7.76%)

07:25
10/17/17
10/17
07:25
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Conference/Events
Immune Design to host conference call »

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  • 17

    Oct

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    Nov

CVS

CVS Health

$72.44

-0.16 (-0.22%)

07:25
10/17/17
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Conference/Events
Economic Club of New York to hold a breakfast meeting »

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  • 17

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CVS

CVS Health

$72.44

-0.16 (-0.22%)

07:25
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10/17
07:25
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Conference/Events
Economic Club of New York to hold a breakfast meeting »

Larry Merlo, President…

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  • 17

    Oct

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    Dec

IPXL

Impax

$19.95

-0.85 (-4.09%)

07:24
10/17/17
10/17
07:24
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07:24
Hot Stocks
Breaking Hot Stocks news story on Impax »

Impax trading halted,…

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  • 09

    Nov

ANDV

Andeavor

$103.82

-1.55 (-1.47%)

07:24
10/17/17
10/17
07:24
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07:24
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Andeavor analyst commentary  »

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TCMD

Tactile Systems

$30.87

-1.05 (-3.29%)

07:23
10/17/17
10/17
07:23
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07:23
Initiation
Tactile Systems initiated  »

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  • 07

    Nov

AGN

Allergan

07:22
10/17/17
10/17
07:22
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07:22
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Allergan analyst commentary  »

Allergan court ruling on…

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  • 20

    Oct

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    Nov

GRPN

Groupon

$4.70

0.07 (1.51%)

07:22
10/17/17
10/17
07:22
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07:22
Initiation
Groupon initiated  »

Groupon initiated with a…

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  • 01

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    Nov

FANG

Diamondback Energy

$102.60

1.23 (1.21%)

07:21
10/17/17
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07:21
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Diamondback Energy analyst commentary  »

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  • 07

    Nov

UNFI

United Natural Foods

$40.57

0.09 (0.22%)

, AMZN

Amazon.com

$1,006.34

3.4 (0.34%)

07:21
10/17/17
10/17
07:21
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07:21
Downgrade
United Natural Foods, Amazon.com rating change  »

United Natural Foods…

UNFI

United Natural Foods

$40.57

0.09 (0.22%)

AMZN

Amazon.com

$1,006.34

3.4 (0.34%)

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  • 17

    Oct

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    Oct

07:19
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General news
Futures flat following yesterday's advance »

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GM

General Motors

$45.76

-0.12 (-0.26%)

07:19
10/17/17
10/17
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07:19
Periodicals
GM to test self-driving cars in NYC early next year, WSJ reports »

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  • 24

    Oct

WIT

Wipro

$5.46

-0.09 (-1.62%)

07:17
10/17/17
10/17
07:17
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Earnings
Breaking Earnings news story on Wipro »

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WIT

Wipro

$5.46

-0.09 (-1.62%)

07:17
10/17/17
10/17
07:17
10/17/17
07:17
Earnings
Wipro reports Q2 revenue $2.1B, consensus $2.13B »

Reports Q2 net income…

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NFLX

Netflix

$202.68

3.19 (1.60%)

07:16
10/17/17
10/17
07:16
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07:16
Recommendations
Netflix analyst commentary  »

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  • 22

    Oct

DRI

Darden

$80.20

0.78 (0.98%)

07:13
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10/17
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07:13
Downgrade
Darden rating change  »

Darden downgraded to Hold…

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CMCSA

Comcast

$36.61

0.6 (1.67%)

, CMCSK

Comcast

07:13
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Periodicals
NBCUniversal, Snap partner to produce content for Snapchat, WSJ reports »

Comcast's (CMCSA,…

CMCSA

Comcast

$36.61

0.6 (1.67%)

CMCSK

Comcast

SNAP

Snap

$16.07

-0.43 (-2.61%)

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  • 22

    Oct

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  • 07

    Nov

DXC

DXC Technology

$91.49

0.45 (0.49%)

07:12
10/17/17
10/17
07:12
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07:12
Initiation
DXC Technology initiated  »

DXC Technology initiated…

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