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MT

ArcelorMittal

$26.96

-0.08 (-0.30%)

11:30
08/09/17
08/09
11:30
08/09/17
11:30

Arcelor attracts a far downside put buyer

Arcelor attracts a far downside put buyer. The stock off 11c to $26.93 and 7.6K Aug 20 puts trade for 2c. 1.1K Jan 20 puts changed hands as well.

MT ArcelorMittal
$26.96

-0.08 (-0.30%)

06/06/17
BOFA
06/06/17
DOWNGRADE
BOFA
Underperform
ArcelorMittal downgraded to Underperform from Buy at BofA/Merrill
BofA/Merrill analyst Cedar Ekblom downgraded ArcelorMittal to Underperform from Buy citing lack of stock-specifc catalysts and steel price headwinds. The analyst expects steel prices to decline saying China China steel drivers are slowing, trade protection tailwinds are moderating, iron ore presents downside risk, and benefits from "market repair" are uncertain.
06/06/17
06/06/17
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. Casey's General Stores (CASY) downgraded to Neutral from Buy at Sidoti with analyst Anthony Lebiedzinski citing disappointing fourth quarter results and guidance. 2. ArcelorMittal (MT) downgraded to Underperform from Buy at BofA/Merrill with analyst Cedar Ekblom citing lack of stock-specifc catalysts and steel price headwinds. 3. ITT (ITT) downgraded to Neutral from Buy at Goldman Sachs with analyst Joe Ritchie saying he sees limited room for upward revisions to earnings estimates and believes negative sentiment around auto will remain an overhang on the valuation multiple. 4. Omnicom (OMC) downgraded to Neutral from Outperform at Macquarie with analyst Tim Nollen citing likely cyclical moderation ahead that will pressure agency growth rates.5. Interpublic Group (IPG) downgraded to Neutral from Outperform at Macquarie with analyst Tim Nollen citing cyclical moderation ahead that will pressure agency growth rates. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/12/17
DBAB
07/12/17
UPGRADE
DBAB
Buy
ArcelorMittal upgraded to Buy from Hold at Deutsche Bank
07/12/17
DBAB
07/12/17
UPGRADE
Target $32
DBAB
Buy
Deutsche Bank sees potential double for ArcelorMittal, ups to Buy
Deutsche Bank analyst Bastian Synagowitz upgraded ArcelorMittal to Buy from Hold and raised his price target for the shares to $32 from $25. An attractive valuation and strong free cash flow yield provide a potential double from current share levels, Synagowitz tells investors in a research note. He believes the stock offers three "free options" relating to a potential rebound in iron ore prices, a stronger cycle in western markets and a potential recovery in Brazil.

TODAY'S FREE FLY STORIES

GMRE

Global Medical REIT

$8.98

-0.16 (-1.75%)

22:03
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Global Medical REIT rating change  »

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TPX

Tempur Sealy

$61.51

0.24 (0.39%)

22:00
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MDT

Medtronic

$83.52

0.11 (0.13%)

, COTY

Coty

$19.55

0.32 (1.66%)

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ENR

Energizer

$41.24

-0.09 (-0.22%)

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HOMB

Home Bancshares

$23.51

0.11 (0.47%)

, SGBK

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$46.70

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ADP

ADP

$102.89

-1.52 (-1.46%)

18:32
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ADP CEO: Ackman refused to meet because he needed 'leverage,' CNBC says »

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  • 11

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TWX

Time Warner

$102.11

0.92 (0.91%)

, SNAP

Snap

$13.58

-0.43 (-3.07%)

18:18
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TWX

Time Warner

$102.11

0.92 (0.91%)

SNAP

Snap

$13.58

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03/08/13
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  • 21

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KKR

KKR

18:11
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BZUN

Baozun

$34.60

0.62 (1.82%)

18:05
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Hot Stocks
Baozun reports Q2 Total Gross Merchandise Volume RMB3.604B »

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  • 21

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BZUN

Baozun

$34.60

0.62 (1.82%)

18:03
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Earnings
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  • 21

    Aug

BZUN

Baozun

$34.60

0.62 (1.82%)

18:02
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Earnings
Breaking Earnings news story on Baozun »

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  • 21

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BZUN

Baozun

$34.60

0.62 (1.82%)

18:01
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Earnings
Baozun reports Q2 EPS 8c, consensus 10c »

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  • 21

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KKR

KKR

18:00
08/21/17
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Periodicals
KKR near 'clinching' $3B commitment from NYC pension system, Bloomberg says »

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ESV

Ensco

$4.19

-0.09 (-2.10%)

, NBL

Noble Energy

$23.54

-0.11 (-0.47%)

17:56
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Hot Stocks
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ESV

Ensco

$4.19

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NBL

Noble Energy

$23.54

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  • 29

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GDOT

Green Dot

$46.58

0.31 (0.67%)

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RT

Ruby Tuesday

$1.84

-0.06 (-3.16%)

, RIG

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NDSN

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$125.12

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FN

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$39.82

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TEDU

Tarena

$18.61

0.59 (3.27%)

ZAYO

Zayo Group

$32.97

-0.08 (-0.24%)

PINC

Premier

$32.78

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RIG

Transocean

$7.32

-0.16 (-2.14%)

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Transocean director acquires 2,000 registered shares »

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  • 29

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RDN

Radian Group

$16.46

-0.26 (-1.56%)

17:38
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RT

Ruby Tuesday

$1.84

-0.06 (-3.16%)

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  • 21

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SRNE

Sorrento Therapeutics

$1.70

-0.05 (-2.86%)

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  • 28

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GPN

Global Payments

$94.57

0.81 (0.86%)

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Global Payments Chairman William Jacobs sells 8,428 shares of company stock »

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NOC

Northrop Grumman

$267.70

0.09 (0.03%)

17:19
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Northrop Grumman awarded $328.6M government contract »

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  • 23

    Aug

BA

Boeing

$235.68

-0.09 (-0.04%)

17:18
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Boeing awarded $349.2M government contract »

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LMT

Lockheed Martin

$301.88

2.68 (0.90%)

17:17
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Lockheed Martin awarded $427M government contract »

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  • 23

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PBFX

PBF Logistics

$20.80

-0.05 (-0.24%)

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Breaking Hot Stocks news story on PBF Logistics »

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