Breaking News Instant updates and real-time market news.

NUE

Nucor

$54.92

0.32 (0.59%)

, STLD

Steel Dynamics

$33.18

0.33 (1.00%)

08:21
06/19/17
06/19
08:21
06/19/17
08:21

Steel stocks upgraded on positive price outlook at Longbow

As noted earlier, Longbow upgraded steelmakers Nucor (NUE), Steel Dynamics (STLD), U.S. Steel (X) and AK Steel (AKS) to Buy from Hold. After speaking with contacts in the sector, analyst Chris Olin says they expect steel HRC prices to rise $50-$60 per ton, driven by "a (recent) modest uptick in downstream steel orders, inventory adjustments and a large pullback in the number of steel import offers." In the wake of his checks, Olin now sees the chances of near-term government support of the U.S. steel sector in the form of protection from imports at 70%-80%, up from 50% last month. The analyst reports that "some buyers" expect price to rise to $700-$750 per ton following the government action, up from $590-$600 currently. Nucor target $66, Steel Dynamics target $40, U.S. Steel target $30, AK Steel target $10.

NUE

Nucor

$54.92

0.32 (0.59%)

STLD

Steel Dynamics

$33.18

0.33 (1.00%)

X

U.S. Steel

$20.16

-0.21 (-1.03%)

AKS

AK Steel

$5.99

-0.1 (-1.64%)

  • 25

    Jul

NUE Nucor
$54.92

0.32 (0.59%)

06/19/17
LBOW
06/19/17
UPGRADE
LBOW
Buy
Nucor upgraded to Buy from Neutral at Longbow
05/09/17
LBOW
05/09/17
INITIATION
LBOW
Neutral
Nucor initiated with a Neutral at Longbow
05/24/17
FBCO
05/24/17
UPGRADE
Target $68
FBCO
Outperform
Nucor upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse analyst Curt Woodworth upgraded Nucor to Outperform and raised his price target for the shares to $68 from $56. The analyst also upgraded his U.S. Steel sector rating to Overweight from Market Weight. He expects prices to recover by late Q3 amid "strong" demand trends, low inventories, and trade dynamics via Section 232 "structurally limiting import flows despite attractive arb spreads." Woodworth notes that U.S. Steel equities have underperformed the market significantly since peaking in February.
05/24/17
05/24/17
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. 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.
STLD Steel Dynamics
$33.18

0.33 (1.00%)

06/19/17
LBOW
06/19/17
UPGRADE
LBOW
Buy
Steel Dynamics upgraded to Buy from Neutral at Longbow
05/24/17
FBCO
05/24/17
UPGRADE
Target $43
FBCO
Outperform
Steel Dynamics upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse analyst Curt Woodworth upgraded Steel Dynamics to Outperform and raised his price target for the shares to $43 from $36. The analyst also upgraded his U.S. Steel sector rating to Overweight from Market Weight. The analyst expects prices to recover by late Q3 amid "strong" demand trends, low inventories, and trade dynamics via Section 232 "structurally limiting import flows despite attractive arb spreads." Woodworth notes that U.S. Steel equities have underperformed the market significantly since peaking in February.
04/24/17
MACQ
04/24/17
UPGRADE
Target $44
MACQ
Outperform
Steel Dynamics upgraded to Outperform from Neutral at Macquarie
Macquarie analyst Aldo Mazzaferro upgraded Steel Dynamics to Outperform and raised its price target to $44 from $38 based on stronger end-market demand driving double-digit volume increases across all product volumes supported by supply tightness, steep tariffs, and low inventory. Mazzaferro raised his 2017/18 earnings estimates to his 2017/18/19 earnings estimates to $3.60/$4.20/$4.60 from $3.00/$3.35/$3.70.
X U.S. Steel
$20.16

-0.21 (-1.03%)

06/19/17
LBOW
06/19/17
UPGRADE
LBOW
Buy
U.S. Steel upgraded to Buy from Neutral at Longbow
06/07/17
06/07/17
UPGRADE

Buy
U.S. Steel upgraded to Buy on valuation at Standpoint Research
As previously reported, Standpoint upgraded U.S. Steel to Buy from Hold with a $28 price target. Analyst Ronnie Moas changed his view saying shares are "undervalued."
06/15/17
COWN
06/15/17
NO CHANGE
Target $21
COWN
Market Perform
Cowen maintains cautious stance on U.S. Steel
Cowen analyst Novid Rassouli met with the new CEO of U.S. Steel and noted the company is focused on achieving asset stability over the next one to two years. However, he continues to see the risk of continued operational issues and thus maintains his cautious stance on the shares. Rassouli maintained his Market Perform rating and $21 price target on U.S. Steel.
06/15/17
AXIO
06/15/17
NO CHANGE
AXIO
U.S. Steel is '2019 story,' says Axiom
After meeting with U.S. Steel's new CEO, Dave Burritt, Axiom analyst Gordon Johnson believes that the company is viewing the next 18-24 months as "a restructuring period" that will feature higher spending on "asset revitalization." The analyst quotes Burritt as saying that he expects Congress to pass a "large bi- partisan infrastructure bill in mid-'18, bearing fruit in '19." Johnson now sees U.S. Steel as a "2019 story," and he warns that the company is likely to miss its $1B 2017 EBITDA guidance due to higher spending on asset revitalization. Johnson keeps a Sell rating on the stock.
AKS AK Steel
$5.99

-0.1 (-1.64%)

06/19/17
LBOW
06/19/17
UPGRADE
LBOW
Buy
AK Steel upgraded to Buy from Neutral at Longbow
05/25/17
CLKS
05/25/17
UPGRADE
CLKS
Buy
AK Steel upgraded to Buy from Neutral at Clarksons Platou
05/19/17
LBOW
05/19/17
INITIATION
LBOW
Neutral
AK Steel initiated with a Neutral at Longbow
04/26/17
JEFF
04/26/17
NO CHANGE
Target $9
JEFF
Buy
AK Steel selloff a buying opportunity, says Jefferies
Jefferies analyst Seth Rosenfeld recommends buying AK Steel following yesterday's post-guidance selloff. The analyst expects the company's results to improve in the second half of 2017 amid lower raw material costs. He reiterates a Buy rating on the shares with a $9 price target.

TODAY'S FREE FLY STORIES

RAD

Rite Aid

$2.73

0.1 (3.80%)

07:41
09/19/17
09/19
07:41
09/19/17
07:41
Initiation
Rite Aid initiated  »

Rite Aid initiated with a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Sep

MDGL

Madrigal Pharmaceuticals

$19.80

0.99 (5.26%)

07:41
09/19/17
09/19
07:41
09/19/17
07:41
Hot Stocks
Madrigal Pharmaceuticals announces positive outcome from pre-planned DSMB review »

Madrigal Pharmaceuticals…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Sep

MDSO

Medidata

$75.85

-0.01 (-0.01%)

07:40
09/19/17
09/19
07:40
09/19/17
07:40
Initiation
Medidata initiated  »

Medidata initiated with a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Sep

ABX

Barrick Gold

$16.92

-0.38 (-2.20%)

07:40
09/19/17
09/19
07:40
09/19/17
07:40
Conference/Events
Barrick Gold management to meet with Deutsche Bank »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Sep

  • 26

    Oct

07:40
09/19/17
09/19
07:40
09/19/17
07:40
General news
Treasury Market Outlook: yields are a little lower »

Treasury Market Outlook:…

SFTBF

SoftBank

$78.30

0.3501 (0.45%)

07:39
09/19/17
09/19
07:39
09/19/17
07:39
Periodicals
SoftBank Ventures Korea looks to invest in promising start-ups, CNBC says »

SoftBank Ventures Korea,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

MCK

McKesson

$148.42

-1.46 (-0.97%)

07:38
09/19/17
09/19
07:38
09/19/17
07:38
Initiation
McKesson initiated  »

McKesson initiated with a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Sep

  • 22

    Sep

  • 27

    Sep

SUPN

Supernus

$49.65

0.6 (1.22%)

07:37
09/19/17
09/19
07:37
09/19/17
07:37
Downgrade
Supernus rating change  »

Supernus downgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Sep

  • 25

    Sep

HSIC

Henry Schein

$80.90

-1.98 (-2.39%)

07:37
09/19/17
09/19
07:37
09/19/17
07:37
Initiation
Henry Schein initiated  »

Henry Schein initiated…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

KMX

CarMax

$68.34

0.26 (0.38%)

07:36
09/19/17
09/19
07:36
09/19/17
07:36
Recommendations
CarMax analyst commentary  »

CarMax price target…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Sep

PTLA

Portola Pharmaceuticals

$56.57

1.62 (2.95%)

07:36
09/19/17
09/19
07:36
09/19/17
07:36
Periodicals
Portola blood thinner launch could be complicated by guidelines, STAT News says »

The commercial launch of…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 02

    Feb

CRL

Charles River

$107.29

1.27 (1.20%)

07:35
09/19/17
09/19
07:35
09/19/17
07:35
Initiation
Charles River initiated  »

Charles River initiated…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

POST

Post Holdings

$85.84

1.04 (1.23%)

, BOBE

Bob Evans

$72.93

1.02 (1.42%)

07:35
09/19/17
09/19
07:35
09/19/17
07:35
Hot Stocks
Post Holdings to acquire Bob Evans for $77.00 per share »

Post Holdings (POST) and…

POST

Post Holdings

$85.84

1.04 (1.23%)

BOBE

Bob Evans

$72.93

1.02 (1.42%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

FB

Facebook

$170.01

-1.63 (-0.95%)

, AMZN

Amazon.com

$974.19

-12.6 (-1.28%)

07:35
09/19/17
09/19
07:35
09/19/17
07:35
Periodicals
FB design head touts voice command, stays silent on hardware, TechCrunch says »

Facebook (FB) head of…

FB

Facebook

$170.01

-1.63 (-0.95%)

AMZN

Amazon.com

$974.19

-12.6 (-1.28%)

GOOG

Alphabet

$915.00

-5.29 (-0.57%)

GOOGL

Alphabet Class A

$929.75

-5.54 (-0.59%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 29

    Nov

OA

Orbital ATK

$132.25

22.21 (20.18%)

07:35
09/19/17
09/19
07:35
09/19/17
07:35
Downgrade
Orbital ATK rating change  »

Orbital ATK downgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

NVDA

Nvidia

$187.55

7.44 (4.13%)

, FCX

Freeport McMoRan

$14.13

0.25 (1.80%)

07:35
09/19/17
09/19
07:35
09/19/17
07:35
Options
Unusual call flow in option market yesterday »

Notable call activity was…

NVDA

Nvidia

$187.55

7.44 (4.13%)

FCX

Freeport McMoRan

$14.13

0.25 (1.80%)

WFC

Wells Fargo

$52.71

1.05 (2.03%)

V

Visa

$104.83

-0.47 (-0.45%)

HIMX

Himax

$10.70

0.15 (1.42%)

COP

ConocoPhillips

$47.09

0.58 (1.25%)

STX

Seagate

$33.52

-0.03 (-0.09%)

MOS

Mosaic

$21.31

0.65 (3.15%)

TMUS

T-Mobile

$61.80

0.63 (1.03%)

FCAU

Fiat Chrysler

$16.82

0.16 (0.96%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Sep

  • 26

    Sep

  • 27

    Sep

  • 02

    Oct

  • 12

    Oct

  • 29

    Nov

  • 15

    Jan

ESRX

Express Scripts

$62.01

-0.64 (-1.02%)

, ANTM

Anthem

$185.00

-1.59 (-0.85%)

07:34
09/19/17
09/19
07:34
09/19/17
07:34
Initiation
Express Scripts, Anthem initiated  »

Express Scripts initiated…

ESRX

Express Scripts

$62.01

-0.64 (-1.02%)

ANTM

Anthem

$185.00

-1.59 (-0.85%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Sep

  • 22

    Sep

  • 25

    Oct

WBS

Webster Financial

$48.71

0.73 (1.52%)

07:33
09/19/17
09/19
07:33
09/19/17
07:33
Hot Stocks
Webster Financial announces CEO succession »

Webster Financial's…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 08

    Nov

AAPL

Apple

$158.67

-1.21 (-0.76%)

07:32
09/19/17
09/19
07:32
09/19/17
07:32
Recommendations
Apple analyst commentary  »

Apple price target raised…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TEVA

Teva

$16.99

-1.11 (-6.13%)

07:32
09/19/17
09/19
07:32
09/19/17
07:32
Hot Stocks
Teva completes amendment to credit facilities »

Teva Pharmaceutical…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 27

    Sep

CTLT

Catalent

$39.90

0.41 (1.04%)

07:31
09/19/17
09/19
07:31
09/19/17
07:31
Hot Stocks
Catalent to acquire Cook Pharmica for $950M »

Catalent announced it has…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

MRTX

Mirati Therapeutics

$10.80

-0.4 (-3.57%)

07:31
09/19/17
09/19
07:31
09/19/17
07:31
Initiation
Mirati Therapeutics initiated  »

Mirati Therapeutics…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Sep

POST

Post Holdings

$85.84

1.04 (1.23%)

, BOBE

Bob Evans

$72.93

1.02 (1.42%)

07:31
09/19/17
09/19
07:31
09/19/17
07:31
Hot Stocks
Breaking Hot Stocks news story on Post Holdings, Bob Evans »

Post Holdings to acquire…

POST

Post Holdings

$85.84

1.04 (1.23%)

BOBE

Bob Evans

$72.93

1.02 (1.42%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ITRI

Itron

$76.50

3.7 (5.08%)

, SSNI

Silver Spring

$16.10

3.1 (23.85%)

07:30
09/19/17
09/19
07:30
09/19/17
07:30
Downgrade
Itron, Silver Spring rating change  »

Itron downgraded to Hold…

ITRI

Itron

$76.50

3.7 (5.08%)

SSNI

Silver Spring

$16.10

3.1 (23.85%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BOBE

Bob Evans

$72.93

1.02 (1.42%)

07:30
09/19/17
09/19
07:30
09/19/17
07:30
Hot Stocks
Breaking Hot Stocks news story on Bob Evans »

Bob Evans trading halted,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.