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X

U.S. Steel

, CLF

Cliffs Natural

09:24
07/31/17
07/31
09:24
07/31/17
09:24

Axiom says 'now is the time' to short U.S. Steel, maintains Sell rating

Axiom analyst Gordon Johnson II believes "now is the time" to short U.S. Steel (X) and Cliffs Natural (CLF) shares and to go underweight the U.S. steel sector, as he sees an increasing likelihood of an indefinite delay in the US Commerce Department's 232 steel tariff decision. He also thinks the contribution to China's GDP growth from commodity-intensive sectors may have peaked, he tells investors. The analyst keeps a Sell rating on U.S. Steel shares.

X

U.S. Steel

CLF

Cliffs Natural

  • 07

    Aug

X U.S. Steel

07/27/17
07/27/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. AstraZeneca (AZN) downgraded to Market Perform from Outperform at Leerink with analyst Seamus Fernandez citing the company's "continued reliance on externalization profits and deteriorating earnings quality." 2. F5 Networks (FFIV) was downgraded to Market Perform from Outperform at Wells Fargo and to Perform from Outperform at Oppenheimer. 3. UMC (UMC) was downgraded to Underperform from Neutral at Credit Suisse and to Underperform from Market Perform at Bernstein. 4. U.S. Steel (X) and AK Steel (AKS) were downgraded to Neutral from Buy at Longbow. 5. Dean Foods (DF) downgraded to Underperform from Market Perform at Bernstein with analyst Alexia Howard saying she believes that retailers are increasingly using cheap, private label milk in order to compete with low price competitors. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/28/17
SBSH
07/28/17
DOWNGRADE
Target $20
SBSH
Sell
U.S. Steel downgraded to Sell from Neutral at Citi
Citi analyst Alexander Hacking downgraded U.S. Steel to Sell and lowered his price target for the shares to $20 from $26. The analyst sees downside risk to U.S. flat rolled prices for the remainder of 2017.
07/28/17
ARGS
07/28/17
NO CHANGE
ARGS
U.S. Steel price target raised to $35 from $27 at Argus
Argus analyst David Coleman raised his price target on U.S. Steel after the company reported Q2 EPS of $1.48. He expects the company to return to full-year profitability this year, driven by "help from stronger pricing, continued cost reductions, and tariffs on imported steel." He keeps a Buy rating on the stock.
07/28/17
07/28/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Starbucks (SBUX) was downgraded to Neutral from Buy at Guggenheim and to Hold from Buy at Stifel. 2. Spirit Airlines (SAVE) was downgraded to Neutral from Buy at Buckingham and BofA/Merrill and to In-Line from Outperform at Imperial Capital. 3. Flowers Foods (FLO) downgraded to Hold from Buy at Jefferies with analyst Akshay Jagdale saying his positive thesis on bread industry pricing becoming more rational has not played out. 4. AstraZeneca (AZN) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Vincent Meunier saying shares look fairly valued as he removed MYSTIC from his models. 5. U.S. Steel (X) downgraded to Sell from Neutral at Citi with analyst Alexander Hacking saying he sees downside risk to U.S. flat rolled prices for the remainder of 2017. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
CLF Cliffs Natural

02/09/17
MACQ
02/09/17
NO CHANGE
Target $15
MACQ
Cliffs Natural price target raised to $15 from $11 at Macquarie
02/10/17
JPMS
02/10/17
NO CHANGE
Target $12
JPMS
Overweight
Cliffs Natural price target raised to $12 from $10 at JPMorgan
JPMorgan analyst Michael Gambardella raised his price target for Cliffs Natural Resources to $12 saying the company remains well positioned for higher earnings and cash flow. Domestic steel prices can be supported at the current higher, more sustainable level given reduced steel imports from trade cases and President Trump's focus on enforcing U.S. trade laws, Gambardella tells investors in a research note. He keeps an Overweight rating on Cliffs.
03/27/17
JPMS
03/27/17
NO CHANGE
Target $13
JPMS
Overweight
JPMorgan ups Cliffs target to $13 on higher iron ore prices
JPMorgan analyst Michael Gambardella raised his price target for Cliffs Natural Resources to $13 from $12 citing his firm's higher iron ore price forecasts. Chinese steel demand has proven to be more resilient, Gambardella tells investors in a research note. The analyst keeps an Overweight rating on Cliffs.
04/28/17
FBRC
04/28/17
UPGRADE
FBRC
Outperform
Cliffs Natural upgraded to Outperform from Market Perform at FBR Capital

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