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FCX

Freeport McMoRan

$9.72

0.2 (2.10%)

06:24
10/19/16
10/19
06:24
10/19/16
06:24

Gecamines challenges Freeport McMoRan sale of Tenke copper mine, Reuters says

At the International Court of Arbitration in Paris, Congo state miner Gecamines has opposed Freeport McMoRan's sale of its majority stake in the Tenke copper mine, Reuters reports. Gecamines Secretary-general Deogratias Ngele told Reuters that Gecamines had asserted a right of first offer following Freeport's agreement in May to sell its 56% stake in Tenke to China Molybdenum Co for $2.65B, the report added. Reference Link

  • 25

    Oct

FCX Freeport McMoRan
$9.72

0.2 (2.10%)

10/03/16
10/03/16
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. Dow Chemical (DOW) and DuPont (DD) were upgraded to Buy from Neutral at Citi with analyst P.J. Juvekar citing he opportunity presented by the proposed merger. 2. Freeport McMoRan (FCX), Barrick Gold (ABX), and Pan American Silver (PAAS) were upgraded to Buy from Hold at Deutsche Bank. 3. LogMeln (LOGM) upgraded to Overweight from Equal Weight at Barclays with analyst Raimo Lenschow saying the pending merger with Citrix's (CTXS) divested GoTo assets creates a "great new opportunity." 4. Halliburton (HAL) upgraded to Buy from Hold at Societe General. 5. Coty (COTY) upgraded to Buy from Neutral at BofA/Merrill with analyst Olivia Tong saying she believes Coty is at the beginning of a potential transformation with the pending closure of the P&G Beauty deal this week that could bring increased scale as well as a more targeted operational structure. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/13/16
DBAB
10/13/16
UPGRADE
Target $77
DBAB
Buy
Anadarko upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Ryan Todd upgraded Anadarko Petroleum (APC) to Buy saying the company's Freeport McMoRan (FCX) transaction is "highly attractive" and addressed his primary concerns around its funding profile, growth and leverage. The analyst believes Anadarko's U.S. onshore assets are "best-in-class." Todd keeps a $77 price target for the shares.
10/17/16
BOFA
10/17/16
INITIATION
BOFA
Underperform
Freeport McMoRan reinstated with an Underperform at BofA/Merrill
BofA/Merrill analyst Timna Tanners reinstated coverage on Freeport McMoRan with an Underperform and an $8 price target. The BofA/Merill global commodity team sees copper among the weakest base metals against a backdrop of sluggish global growth and large mines coming online. Tanners said Indonesia mine risk will be a focus as export restrictions could start in 2017 and its unclear what will happen when Freeport McMoRan's license expires in 2021.
10/17/16
10/17/16
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. Freeport McMoRan (FCX) reinstated with an Underperform at BofA/Merrill. 2. Novan (NOV) initiated with an Overweight at Piper Jaffray, an Outperform at Wedbush, and an Outperform at JMP Securities. 3. CapStar Financial (CSTR) initiated with a Market Perform at Keefe Bruyette, a Hold at Sandler O'Neill, and an Outperform at Raymond James. 4. Trade Desk (TTD) initiated with a Buy at Jefferies, an Outperform at RBC Capital, a Buy at Citi, a Buy at Needham, and an Outperform at Raymond James. 5. e.l.f. Beauty (ELF) initiated with a Neutral at JPMorgan, an Overweight at Piper Jaffray, a Market Perform at Wells Fargo, an Outperform at William Blair, a Hold at Stifel, a Buy at SunTrust, an Outperform at Cowen, and an Equal Weight at Morgan Stanley. 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

TYL

Tyler Technologies

$187.95

0.06 (0.03%)

06:25
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Tyler Technologies analyst commentary  »

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  • 17

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FCAU

Fiat Chrysler

$23.39

-0.03 (-0.13%)

06:25
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Periodicals
Fiat Chrysler's Marchionne says new CEO to be named this year, AP reports »

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NFLX

Netflix

$221.23

3.99 (1.84%)

, NTDOY

Nintendo

$50.40

0.69 (1.39%)

06:25
01/16/18
01/16
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Periodicals
Netflix 'exploring' possibility of launching on Nintendo Switch, Polygon says »

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NFLX

Netflix

$221.23

3.99 (1.84%)

NTDOY

Nintendo

$50.40

0.69 (1.39%)

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  • 18

    Jan

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USO

United States Oil Fund

$12.87

0.17 (1.34%)

06:24
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01/16
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Technical Analysis
United States Oil Fund: Pivot points »

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XOP

SPDR Oil Exploration and Production Fund

$39.72

0.32 (0.81%)

06:23
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01/16
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Technical Analysis
SPDR Oil Exploration and Production Fund: Pivot points »

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NOW

ServiceNow

$138.19

0.61 (0.44%)

06:23
01/16/18
01/16
06:23
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06:23
Recommendations
ServiceNow analyst commentary  »

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  • 31

    Jan

BBY

Best Buy

$73.25

1.54 (2.15%)

, WMT

Walmart

$100.87

0.85 (0.85%)

06:23
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01/16
06:23
01/16/18
06:23
Recommendations
Best Buy, Walmart, Sears analyst commentary  »

Best Buy price target…

BBY

Best Buy

$73.25

1.54 (2.15%)

WMT

Walmart

$100.87

0.85 (0.85%)

SHLD

Sears

$3.60

0.28 (8.43%)

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  • 20

    Feb

DGAZ

VelocityShares 3x Inv Natural Gas ETN

$22.78

-1.87 (-7.59%)

06:23
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01/16
06:23
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06:23
Technical Analysis
VelocityShares 3x Inv Natural Gas ETN: Pivot points, pivot high broken »

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UGAZ

VelocityShares 3x Long Natural Gas ETN

$82.04

5.36 (6.99%)

06:21
01/16/18
01/16
06:21
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06:21
Technical Analysis
VelocityShares 3x Long Natural Gas ETN: Pivot points, pivot low broken »

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ULTI

Ultimate Software

$226.28

-0.88 (-0.39%)

06:21
01/16/18
01/16
06:21
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06:21
Recommendations
Ultimate Software analyst commentary  »

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  • 06

    Feb

  • 26

    Feb

AWK

American Water

$80.83

-3.91 (-4.61%)

06:21
01/16/18
01/16
06:21
01/16/18
06:21
Earnings
American Water affirms FY17 adjusted EPS view $3.00-$3.06, consensus $3.01 »

Updates FY17 GAAP EPS…

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FB

Facebook

$179.37

-8.4 (-4.47%)

06:21
01/16/18
01/16
06:21
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06:21
Periodicals
Facebook VP says newsfeed changes will help users better connect, Wired reports »

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  • 17

    Jan

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    Jan

  • 31

    Jan

  • 07

    Feb

EWZ

MSCI Brazil Index

$43.23

0.13 (0.30%)

06:20
01/16/18
01/16
06:20
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06:20
Technical Analysis
MSCI Brazil Index: Pivot points, pivot high broken »

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INFY

Infosys

$16.81

-0.46 (-2.66%)

06:20
01/16/18
01/16
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06:20
Upgrade
Infosys rating change  »

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RDS.A

Royal Dutch Shell

$70.88

1.04 (1.49%)

, RDS.B

Royal Dutch Shell

$72.70

0.97 (1.35%)

06:19
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01/16
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Hot Stocks
Shell announces redevelopment of Penguins field in U.K.'s North Sea »

Royal Dutch Shell plc…

RDS.A

Royal Dutch Shell

$70.88

1.04 (1.49%)

RDS.B

Royal Dutch Shell

$72.70

0.97 (1.35%)

XOM

Exxon Mobil

$87.52

0.59 (0.68%)

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EFA

iShares MSCI EAFE Index Fund

$73.50

0.73 (1.00%)

06:19
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01/16
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Technical Analysis
iShares MSCI EAFE Index Fund: Pivot points »

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LECO

Lincoln Electric

$97.87

0.4 (0.41%)

06:19
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01/16
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Upgrade
Lincoln Electric rating change  »

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INFO

IHS Markit

$47.85

0.39 (0.82%)

06:19
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Hot Stocks
IHS Markit sees FY18 CapEx approximately 6%-7% of revenue »

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  • 16

    Jan

  • 16

    Jan

JNK

SPDR Barclays High Yield Bond

$36.86

-0.06 (-0.16%)

06:18
01/16/18
01/16
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Technical Analysis
SPDR Barclays High Yield Bond: Pivot points »

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MDRX

Allscripts

$16.03

0.09 (0.56%)

06:18
01/16/18
01/16
06:18
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06:18
Downgrade
Allscripts rating change  »

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  • 15

    Feb

CERN

Cerner

$72.90

0.26 (0.36%)

06:18
01/16/18
01/16
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06:18
Downgrade
Cerner rating change  »

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  • 06

    Feb

SJB

ProShares Short High Yield

$23.03

0.033 (0.14%)

06:18
01/16/18
01/16
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Technical Analysis
ProShares Short High Yield: Pivot points »

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ITRN

Ituran

$35.30

1.25 (3.67%)

06:18
01/16/18
01/16
06:18
01/16/18
06:18
Conference/Events
Ituran management to meet with Drexel Hamilton »

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  • 16

    Jan

  • 17

    Jan

  • 17

    Jan

AN

AutoNation

$57.96

0.26 (0.45%)

06:17
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01/16
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Hot Stocks
AutoNation sees benefit of about 80c-$1.10 per share in FY18 from tax reform »

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  • 01

    Feb

HYG

iShares iBoxx $ High Yield Corporate Bond

$87.58

-0.15 (-0.17%)

06:17
01/16/18
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Technical Analysis
iShares iBoxx $ High Yield Corporate Bond: Pivot points »

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