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Fly News Breaks for July 11, 2017
SJM, STM, WR, IMO, XOM, KEY
Jul 11, 2017 | 10:17 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. KeyCorp (KEY) upgraded to Outperform from Market Perform at Keefe Bruyette with analyst Brian Klock saying he sees valuation expansion as the market further appreciates the company's leading return on assets and stable earnings. 2. Exxon Mobil (XOM) and Imperial Oil (IMO) were upgraded to Overweight from Equal Weight at Barclays. 3. Westar Energy (WR) was upgraded to Outperform from In Line at Evercore ISI and to Overweight from Neutral at JPMorgan. 4. STMicroelectronics (STM) upgraded to Overweight from Neutral at JPMorgan with analyst Sandeep Deshpande citing the stock's underperformance over the past three months. 5. J.M. Smucker (SJM) upgraded to Long-Term Buy on valuation at Hilliard Lyons with analyst Jeffrey Thomison citing the recent decline in shares and maintained a $140 price target. 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 KEY;XOM;IMO;WR;STM;SJM From the Last 2 Days
XOM
Apr 25, 2024 | 13:10 EDT
Notable companies reporting before tomorrow's open, with earnings consensus, include Exxon Mobil (XOM), consensus $2.20... Chevron (CVX), consensus $2.87... AbbVie (ABBV), consensus $2.23... HCA Healthcare (HCA), consensus $5.01... Colgate-Palmolive (CL), consensus 81c... Charter (CHTR), consensus $7.92... AutoNation (AN), consensus $4.27.
STM
Apr 25, 2024 | 06:01 EDT
The company said, "We will now drive the Company based on a revised plan for FY24 revenues in the range of $14 billion to $15 billion. Within this plan, we expect a gross margin in the low 40's. We plan to maintain our Net Capex1 plan for FY24 at about $2.5 billion focusing on our strategic manufacturing initiatives."
STM
Apr 25, 2024 | 05:57 EDT
Reports Q1 revenue $3.47B, consensus $3.61B. Jean-Marc Chery, ST President & CEO, commented: "Q1 net revenues and gross margin both came in below the midpoint of our business outlook range, driven by lower revenues in Automotive and Industrial, partially offset by higher revenues in Personal Electronics."