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Fly News Breaks for May 24, 2017
CBT, TLYS, MOMO, NUE, STLD, X, DSW
May 24, 2017 | 10:38 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. DSW (DSW) upgraded to Neutral from Negative at Susquehanna with analyst Sam Poser saying concerns are reflected in valuation. 2. U.S. Steel (X), Steel Dynamics (STLD), and Nucor (NUE) were upgraded to Outperform from Neutral at Credit Suisse. 3. Momo (MOMO) upgraded to Buy from Hold at Deutsche Bank with analyst Eileen Deng saying the company posted accelerating user growth and "impressive" profitability in the first quarter. 4. Tilly's (TLYS) upgraded to Buy from Neutral at B. Riley with analyst Jeff Van Sinderen saying he sees business momentum following the company's first quarter results. 5. Cabot (CBT) upgraded to Buy from Neutral at Northcoast with analyst Kevin Hocevar saying his checks indicate indicate industry conditions are favorable for global carbon black manufacturers over the next few years. 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 DSW;X;STLD;NUE;MOMO;TLYS;CBT From the Last 2 Days
STLD
Apr 17, 2024 | 09:41 EDT
Unusual total active option classes on open include: Steel Dynamics (STLD), Gildan Activewear (GIL), Danaher (DHR), Altimeter Growth (GRAB), Childrens Place (PLCE), ASML (ASML), US Bancorp (USB), iShares Barclays 7 to 10 Year Treasury Bond Fund (IEF), AMC Entertainment (AMC), and Abbott (ABT).
X, STLD, NUE
Apr 16, 2024 | 15:40 EDT
Metals & Mining Analyst Englert, along with Rye Druzin of Argus Media, discuss recent flat rolled steel pricing, supply and demand trends, and the near-term outlook for fundamentals (relevant companies ASTL CLF NUE STLC STLD X RS WS) on an Analyst/Industry conference call to be held on April 19 at 11 am.
NUE
Apr 16, 2024 | 07:03 EDT
JPMorgan raised the firm's price target on Nucor to $195 from $180 and keeps a Neutral rating on the shares. The analyst expects improved earnings quarter-over-quarter in Q1 on higher realized lagged contract pricing and seasonally stronger shipments, namely for sheet products. The firm feels integrated steel mills could see better than expected auto shipments offset weak service center activity while mini mills should see further easing in downstream earnings driven by both seasonality and realized pricing yet to stabilize.