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Fly News Breaks for August 6, 2019
NVT, HCC, CCR, ARCH, BHP, RIO, RMAX, TREX, CC
Aug 6, 2019 | 10:25 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Chemours (CC) downgraded to Hold from Buy at Argus with analyst David Coleman citing its Q2 earnings miss and lowered FY19 guidance driven by lower volume in its Titanium Technologies business. 2. Trex Company (TREX) downgraded to Neutral from Buy at Sidoti with analyst Frank Camma citing valuation. 3. RE/MAX Holdings (RMAX) downgraded to Neutral from Buy at Compass Point. 4. Rio Tinto (RIO), BHP Group (BHP), Arch Coal (ARCH), Consol Coal (CCR), and Warrior Met Coal (HCC) downgraded to Hold from Buy at Jefferies. 5. nVent Electric (NVT) downgraded to Neutral from Buy at Buckingham with analyst Robert Barry saying he now sees only low-single to high-single digit EPS growth in the second half of 2019 and in 2020 and has less confidence there's a growth recovery or a margin improvement story in Thermal. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
News For CC;TREX;RMAX;RIO;BHP;ARCH;CCR;HCC;NVT From the Last 2 Days
RMAX
Apr 25, 2024 | 17:08 EDT
Real Estate Services Analysts, along with James Dwiggns, CEO of NextHome, discuss the latest perspectives on the proposed National Association of Realtors (NAR) Settlement and the implications on brokerage business models (relevant companies ZG/Z, CSGP, COMP, RDFN, EXPI, HOUS, FTHM, REAX, RMAX) on an Analyst/Industry conference call to be held on May 1 at 11 am.
BHP
Apr 25, 2024 | 16:29 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here
BHP
Apr 25, 2024 | 12:19 EDT
Anglo American (NGLOY) doesn't view BHP's (BHP) proposed $39B takeover bid as attractive, Reuters' Clara Denina, Amy-Jo Crowley and Anousha Sakoui report, citing two sources. According to one source, the offer does not address the complexities of demerging the Anglo American Platinum and Kumba Iron Ore businesses in South Africa. Anglo's board is expected to give a formal response in the coming days. Reference Link
BHP
Apr 24, 2024 | 17:24 EDT
BHP Group (BHP) is weighing a possible acquisition of Anglo American (NGLOY), Bloomberg's Crystal Tse, Dinesh Nair, and Thomas Biesheuvel report, citing people with knowledge of the matter. The company has recently been evaluating the possibility of an offer for Anglo American, the authors note. Reference Link