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NUE

Nucor

$55.31

0.52 (0.95%)

20:42
09/06/17
09/06
20:42
09/06/17
20:42

Nucor initiated with a Neutral at Macquarie

Macquarie analyst David Lipschitz initiated Nucor with a Neutral and a $57 price target. The analyst's 2017 and 2018 estimates of $4.11 and $4.15, respectively, are below consensus of $4.15 and $4.59 as he believes the current cycle will develop into a steady but decelerating domestic demand story.

NUE Nucor
$55.31

0.52 (0.95%)

08/17/17
08/17/17
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. Illinois Tool Works (ITW) downgraded to Underweight from Neutral at JPMorgan with analyst Ann Duignan citing valuation and expectations for continued multiple compression on weaker than peer organic growth. The analyst lowered her price target for the shares to $132 from $141. 2. Boston Properties (BXP) downgraded to Outperform from Top Pick at RBC Capital with analyst Michael Carroll saying he thinks that upcoming move-outs by the REIT's tenants, along with slower than expected macro economic growth, will negatively impact its growth. 3. Sanderson Farms (SAFM) downgraded to Equal Weight from Overweight at Stephens with analyst Farha Asiam citing valuation. 4. Nucor (NUE) downgraded to Sector Weight from Overweight at KeyBanc with analyst Philip Gibbs citing spread and volume pressures. 5. Netshoes (NETS) downgraded to Hold from Buy at Jefferies with analyst Brian Fitzgerald citing continuing softness in the consumption environment in Brazil as well as limited visibility into near-term operating results. The analyst lowered his price target for the shares to $18.50 from $22. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/17/17
KEYB
08/17/17
DOWNGRADE
KEYB
Sector Weight
Nucor downgraded to Sector Weight from Overweight at KeyBanc
KeyBanc analyst Philip Gibbs downgraded Nucor to Sector Weight citing spread and volume pressures. Following his firm's "Sheet on the Street" distributor survey for Q3, the analyst sees a "more muted" sheet supply-demand backdrop in the second half of 2017 and higher scrap costs.
07/20/17
07/20/17
NO CHANGE

Cowen would be buying Steel stock weakness
Cowen said the lackluster earnings from Steel Dynamics (STLD) and Nuecor (NUE) is causing weakness in the steel sector. The firm's analyst would use the weakness to buying opportunity given the reports are backwards looking, HRC prices are moving higher, service center inventories are low, and an announcement on steel tariffs is imminent. The firm would not want to be short the group and reiterates outperform ratings on TimkenSteel (TMST) and Steel Dynamics
07/18/17
MSCO
07/18/17
NO CHANGE
MSCO
Morgan Stanley more bullish on second half steel pricing
Following a dinner with steel participants last week, Morgan Stanley analyst Evan Kurtz said he is more bullish on second half 2017 steel pricing. The takeaways were that imports are likely to dip significantly in September and October due to traders not wanting to take the risk of being an "import of record" with the threat of tariffs. Further, the analyst said inventories are low, so even with stable demand, the market could get tight, the analyst wrote. Kurtz raised his HRC forecast for the second half to $625/st from $570/st, and raised his scrap forecast by $30/t. The analyst recommends buying Overweight rated U.S. Steel (X), Steel Dynamics (STLD) and Nucor (NUE).

TODAY'S FREE FLY STORIES

TSLA

Tesla

$315.05

2.55 (0.82%)

10:21
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Tesla new super car to cost $200,000, Recode says »

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GT

Goodyear Tire

$29.94

0.63 (2.15%)

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HMC

Honda

$32.62

0.02 (0.06%)

10:05
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Honda recalls 900,000 minivans on tip forward seats, Reuters says »

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PG

Procter & Gamble

$88.43

-0.82 (-0.92%)

09:48
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Activist investors Nelson Peltz still in P&G picture, Barron's says »

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BHGE

Baker Hughes

$30.91

0.76 (2.52%)

, GE

General Electric

$18.21

-0.04 (-0.22%)

09:39
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Buy Baker Hughes, Barron's says »

While it is "not…

BHGE

Baker Hughes

$30.91

0.76 (2.52%)

GE

General Electric

$18.21

-0.04 (-0.22%)

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  • 14

    Dec

CSCO

Cisco

$35.90

0.02 (0.06%)

09:19
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More needed for Cisco to have 'groove back,' Barron's says »

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IBM

IBM

$148.97

-0.15 (-0.10%)

09:10
11/18/17
11/18
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Periodicals
IBM could be next to fetch higher valuation, Barron's says »

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  • 27

    Nov

GE

General Electric

$18.21

-0.04 (-0.22%)

09:05
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11/18
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09:05
Periodicals
Option play offer some help given GE dividend, depressed stock, Barron's says »

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GE

General Electric

$18.21

-0.04 (-0.22%)

09:00
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Periodicals
Risk remains after GE dividend cut, Barron's says »

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TWX

Time Warner

$88.72

0.71 (0.81%)

, T

AT&T

$34.51

-0.01 (-0.03%)

08:21
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11/18
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Hot Stocks
Week in review: How Trump's policies moved stocks »

Catch up on the top…

TWX

Time Warner

$88.72

0.71 (0.81%)

T

AT&T

$34.51

-0.01 (-0.03%)

NYT

New York Times

$17.65

0.05 (0.28%)

TEX

Terex

$44.82

0.8 (1.82%)

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  • 28

    Nov

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    Nov

TPIC

TPI Composites

$19.06

-0.97 (-4.84%)

07:25
11/18/17
11/18
07:25
11/18/17
07:25
Conference/Events
TPI Composites to host investor day »

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  • 05

    Dec

SYNA

Synaptics

$38.21

0.57 (1.51%)

04:55
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11/18
04:55
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04:55
Conference/Events
Synaptics management to meet with KeyBanc »

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  • 18

    Nov

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

18:01
11/17/17
11/17
18:01
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18:01
Hot Stocks
S&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices »

S&P Dow Jones Indices…

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

BRCD

Brocade

IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

AVGO

Broadcom

$271.86

-0.25 (-0.09%)

TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

LMOS

Lumos Networks

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  • 28

    Nov

  • 06

    Dec

WGL

WGL Holdings

$84.32

-0.14 (-0.17%)

18:01
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18:01
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Earnings
WGL Holdings reports Q4 adjusted EPS (17c), consensus (19c) »

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TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

, LMOS

Lumos Networks

17:58
11/17/17
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Hot Stocks
Tactile Systems to replace Lumos Networks in S&P 600 at open on 11/22 »

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TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

LMOS

Lumos Networks

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  • 28

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IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

, MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

17:56
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Hot Stocks
Breaking Hot Stocks news story on Invesco Mortgage, MKS Instruments »

Invesco Mortgage to…

IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

17:55
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11/17
17:55
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17:55
Hot Stocks
MKS Instruments to replace Brocade in S&P 400 at open on 11/22 »

S&P 500 constituent…

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

BRCD

Brocade

AVGO

Broadcom

$271.86

-0.25 (-0.09%)

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  • 06

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UQM

UQM Technologies

$1.18

0.015 (1.29%)

17:24
11/17/17
11/17
17:24
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17:24
Syndicate
Breaking Syndicate news story on UQM Technologies »

UQM Technologies files to…

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GS

Goldman Sachs

$238.02

-1.35 (-0.56%)

17:23
11/17/17
11/17
17:23
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17:23
Periodicals
Goldman Sachs has $510M lawsuit dismissed, Reuters reports »

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VICL

Vical

$1.94

-0.02 (-1.02%)

17:18
11/17/17
11/17
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Breaking Hot Stocks news story on Vical »

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LGND

Ligand

$140.31

-1.4 (-0.99%)

17:18
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11/17
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Hot Stocks
Ligand director sells 5,000 common shares »

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LGND

Ligand

$140.31

-1.4 (-0.99%)

17:17
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11/17
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Hot Stocks
Ligand CFO sells 6,559 common shares »

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LGND

Ligand

$140.31

-1.4 (-0.99%)

17:17
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11/17
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Hot Stocks
Ligand CEO sells 5,269 common shares »

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MBI

MBIA

$9.01

0.13 (1.46%)

17:15
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Breaking Hot Stocks news story on MBIA »

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RBCN

Rubicon

$8.07

0.1218 (1.53%)

17:03
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Breaking Hot Stocks news story on Rubicon »

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