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APD

Air Products

$149.28

0.1 (0.07%)

, AXTA

Axalta Coating

$29.07

0.21 (0.73%)

04:55
09/13/17
09/13
04:55
09/13/17
04:55

Credit Suisse to hold a conference

30th Annual Basic Materials Conference is being held in New York on September 11-13 with company dinners being held on September 11, followed by company presentations on September 12-13.

APD

Air Products

$149.28

0.1 (0.07%)

AXTA

Axalta Coating

$29.07

0.21 (0.73%)

FMC

FMC Corporation

$89.70

0.73 (0.82%)

SHW

Sherwin-Williams

$350.35

2.83 (0.81%)

WLKP

Westlake Chemical Partners

$23.85

-0.1 (-0.42%)

CMC

Commercial Metals

$18.22

-0.02 (-0.11%)

GRA

W.R. Grace

$72.14

0.57 (0.80%)

ICL

ICL

$4.27

-0.02 (-0.47%)

PAH

Platform Specialty Products

$12.01

0.21 (1.78%)

SEE

Sealed Air

$43.63

0.02 (0.05%)

IP

International Paper

$56.02

-0.08 (-0.14%)

ANDE

Andersons

$31.45

0.05 (0.16%)

BTU

Peabody Energy

$29.79

0.19 (0.64%)

AGU

Agrium

$102.16

-0.39 (-0.38%)

STLD

Steel Dynamics

$33.26

-0.14 (-0.42%)

WLK

Westlake Chemical

$79.42

1.97 (2.54%)

WRK

WestRock

$57.97

0.22 (0.38%)

CF

CF Industries

$32.19

-0.12 (-0.37%)

PX

Praxair

$134.82

-0.19 (-0.14%)

AVY

Avery Dennison

$95.23

1.05 (1.11%)

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    Dec

APD Air Products
$149.28

0.1 (0.07%)

08/02/17
FBCO
08/02/17
NO CHANGE
Target $158
FBCO
Outperform
Air Products price target raised to $158 from $153 at Credit Suisse
Credit Suisse analyst Christopher Parkinson raised his price target for Air Products to $158 from $153 after the company posted a Q3 beat on strong volumes. The analyst reiterates an Outperform rating on the shares.
02/13/17
EVER
02/13/17
INITIATION
Target $131
EVER
Sell
Air Products initiated with a Sell at Evercore ISI
Evercore ISI analyst Laurent Favre initiated Air Products with a Sell and a $131 price target.
05/01/17
DBAB
05/01/17
UPGRADE
Target $160
DBAB
Buy
Air Products upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst David Begleiter upgraded Air Products to Buy and raised his price target for the shares to $160 from $148. The analyst finds the risk/reward attractive after CEO Seifi Ghasemi reaffirmed his commitment last week to deploying $8B in capital over the next four years. The CEO expressed a high degree of confidence in deploying the capital into high return industrial gas assets rather than lower return share buybacks, Begleiter tells investors in a research note.
08/07/17
VERT
08/07/17
UPGRADE
Target $146
VERT
Hold
Air Products upgraded to Hold from Sell at Vertical Research
Vertical Research analyst Kevin McCarthy upgraded Air Products to Hold and raised its price target to $146 saying he is taking a more constructive view given Q3 accelerated volume grwoth, a best-in-class balance sheet, benefits from a weaker US dollar, synergies from the pending mergers of Praxair and Linde, and industrial gas exposure.
AXTA Axalta Coating
$29.07

0.21 (0.73%)

08/11/17
08/11/17
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. Wal-Mart (WMT) upgraded to Overweight from Equal Weight at Stephens with analyst Ben Bienvenu saying that the company's multi-year investments have led to a better in-store experience, which he sees continuing to drive momentum. 2. Kohl's (KSS) upgraded to Neutral from Underperform at Credit Suisse. 3. Huntington Bancshares (HBAN) upgraded to Overweight from Neutral at Piper Jaffray with analyst Kevin Barker saying the "disappointing" expense guidance has lowered expectations while Huntington should grow earnings faster than any regional bank peer in fiscal 2018 and fiscal 2019. 4. Axalta Coating (AXTA) upgraded to Overweight from Neutral at JPMorgan with analyst Jeffrey Zekauskas saying the 16% pullback over the past three weeks has created an investment opportunity. 5. Perrigo (PRGO) upgraded to Neutral from Sell at Goldman Sachs with analyst Jami Rubin saying the quarterly results may mark the beginning of inflection towards stabilization in the Rx business. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/11/17
JPMS
08/11/17
UPGRADE
Target $31
JPMS
Overweight
Axalta Coating upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Jeffrey Zekauskas upgraded Axalta Coating to Overweight and raised his price target for the shares to $31 from $29. The 16% pullback over the past three weeks has created an investment opportunity, the analyst tells investors in a research note. He notes that currency conditions are changing for the better and that the price/raw material "cost squeeze" should improve in 2018.
07/11/17
SBSH
07/11/17
NO CHANGE
SBSH
Citi views paint survey as positive for Sherwin-Williams
Citi analyst P.J. Juvekar views his firm's annual paint survey of nearly 130 U.S. big box, specialty paint and hardware stores as positive for Sherwin-Williams (SHW). The survey showed "healthy" volume growth, particularly for pro painters, and some year-over-year improvement in pricing, Juvekar tells investors in a research note. The analyst prefers shares of Sherwin over PPG (PPG) and Axalta Coating (AXTA).
06/21/17
BOFA
06/21/17
DOWNGRADE
BOFA
Underperform
Axalta Coating downgraded to Underperform from Buy at BofA/Merrill
FMC FMC Corporation
$89.70

0.73 (0.82%)

08/04/17
NOMU
08/04/17
UPGRADE
Target $97
NOMU
Buy
FMC Corporation upgraded to Buy from Neutral at Nomura Instinet
Nomura Instinet analyst Aleksey Yefremov upgraded FMC Corporation to Buy and increased its price target to $97 from $78 on increased growth and upside risks in both the Ag and Lithium businesses. The analyst said the crop price and crop protection demand risks are skewed to the upside and sees upside related to the pending acquisition of DuPont's crop protection assets. Further, McCourt said Lithium EBIT growth of $40M-$50M in 2018 appears conservative.
08/08/17
SUSQ
08/08/17
NO CHANGE
Target $100
SUSQ
Positive
FMC Corporation price target raised to $100 from $86 at Susquehanna
Susquehanna analyst Don Carson raised his price target on FMC Corporation (FMC) to $100 from $86, saying he sees 2018 as a transformational year highlighted by the integration of the DuPont (DD) crop protection acquisition and continued growth in lithium. Carson reiterated his Positive rating on FMC Corporation shares.
08/31/17
BOFA
08/31/17
UPGRADE
Target $100
BOFA
Buy
FMC Corporation upgraded to Buy from Underperform at BofA/Merrill
BofA/Merrill analyst Steve Byrne double upgraded FMC Corporation to Buy from Underperform and raised its price target to a Street high $103 from $65 following survey results that indicate ag sales are likely to increase 1-3% rather than decline 1-3% as previously expected. Byrne said FMC will be a structurally better business following the DuPont (DD) acquisition that doubles ag EBITDA and increases margins by 1000bps and further diversifies earnings, especially if competing product dicamba's use is restricted. The analyst sees upside to consensus 2018/19 estimates of 10-15% from ag growth volume acceleration, Dupont synergies, and higher price/volume in Lithium.
08/31/17
08/31/17
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. FMC Corporation (FMC) upgraded to Buy from Underperform at BofA/Merrill with analyst Steve Byrne double upgrading FMC following survey results that indicate ag sales are likely to increase 1-3% rather than decline 1-3%, as previously expected. 2. Owens Corning (OC) upgraded to Outperform from Market Perform at Wells Fargo with analyst Stephen East saying he sees an "inexpensive valuation" versus peers and has increased comfort in Owens' ability to achieve or surpass this year's targets. Hurricane Harvey is a boost to the company's roofing business, but its insulation replacement "may be the bigger winner," East tells investors. 3. ChannelAdvisor (ECOM) upgraded to Overweight from Equal-Weight at First Analysis with analyst Lawrence Berlin citing increased confidence in the company's ability to accelerate growth and hit its mid-teen growth targets after meeting with management. 4. Abercrombie & Fitch (ANF) upgraded to Sector Perform from Underperform at RBC Capital with analyst Brian Tunick saying a return to profitability in the second half of 2017 is more likely following Q2 results that suggest that turnaround efforts are yielding results faster than anticipated. 5. Transocean (RIG) upgraded to Overweight from Equalweight at Capital One with analyst Joseph Gibney saying the group is exhibiting some modest "green shoots" and sees upside to Transocean on a relative basis even in a long/measured recovery and some semblance of contracting pickup. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
SHW Sherwin-Williams
$350.35

2.83 (0.81%)

07/20/17
JPMS
07/20/17
NO CHANGE
JPMS
Overweight
Home Depot selloff today overdone, says JPMorgan
JPMorgan analyst Christopher Horvers views the selloff today in Home Depot (HD) shares as overdone. Amazon.com's (AMZN) pact to sell Sears' (SHLD) Kenmore appliances and Sherwin-Williams' (SHW) "disappointing" paint performance is dragging the group down, Horvers tells investors in a research note. He points out that Sherwin-Williams and Valspar house paints sell through Lowe's (LOW), and not Home Depot. Further, Amazon doesn't have a white glove infrastructure for appliances, Horvers says. The analyst recommends buying Home Depot amid today's pullback.
07/24/17
JPMS
07/24/17
INITIATION
Target $365
JPMS
Neutral
Sherwin-Williams reinstated with a Neutral at JPMorgan
JPMorgan analyst Jeffrey Zekauskas reinstated coverage of Sherwin-Williams (SHW) with a Neutral rating and $365 price target. The anlayst prefers PPG (PPG) for its valuation.
07/24/17
07/24/17
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. Blue Apron (APRN) was initiated with a Buy at Goldman Sachs, Stifel, SunTrust, and Canaccord, an Outperform at Oppenheimer and RBC Capital, a Market Perform at William Blair and Raymond James, as well as an Equal Weight at Morgan Stanley and Barclays. 2. Wix.com (WIX) initiated with an Overweight at KeyBanc. 3. Sherwin-Williams (SHW) reinstated with a Neutral at JPMorgan. 4. Aileron Therapeutics (ALRN) was initiated with an Outperform at William Blair, and a Buy at BofA/Merrill, Canaccord, as well as Jefferies. 5. OGE Energy (OGE) initiated with an Outperform at Evercore ISI. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
WLKP Westlake Chemical Partners
$23.85

-0.1 (-0.42%)

01/20/17
TUDR
01/20/17
UPGRADE
TUDR
Buy
Westlake Chemical Partners upgraded to Buy from Hold at Tudor Pickering
CMC Commercial Metals
$18.22

-0.02 (-0.11%)

09/06/17
MACQ
09/06/17
INITIATION
Target $16
MACQ
Underperform
Commercial Metals initiated with an Underperform at Macquarie
Macquarie analyst David Lipschitz initiated Commercial Metals with an Underperform and a $16 price target. The analyst said the US construction market continues to rebound, but he sees signs of a recovery deceleration and expects the company's earnings to remain under pressure given 60% of its shipments are related to this market.
06/08/17
BOFA
06/08/17
DOWNGRADE
Target $19
BOFA
Neutral
Commercial Metals downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill analyst PT Luther downgraded Commercial Metals to Neutral and lowered his price target for the shares to $19 from $21. The Department of Commerce yesterday issued a "disappointing" final result in its administrative review of Turkish rebar imports, Luther tells investors in a research note. The news caps a "generally lackluster stretch" of trade case results against the primary source of rebar import, the analyst adds. He now expects rebar import pressure from Turkey to persist and views the valuation of Commercial Metals as fair.
09/12/17
09/12/17
DOWNGRADE

Equal Weight
Nucor, Steel Dynamics downgraded on margin concerns at Morgan Stanley
As previously reported, Morgan Stanley analyst Piyush Sood downgraded Nucor (NUE) and Steel Dynamics (STLD), each to Equal Weight from Overweight, contending that the crosscurrents of higher U.S. steel and scrap pricing and weaker non-residential and auto demand are a drag on these "mini mills" and peer Commercial Metals (CMC). However, the net impact of the pricing and demand factors is beneficial to U.S. Steel (X), added Sood, who keeps an Overweight rating on that stock.
06/13/17
SBSH
06/13/17
UPGRADE
Target $22
SBSH
Buy
Commercial Metals upgraded to Buy from Neutral at Citi
Citi analyst Alexander Hacking upgraded Commercial Metals to Buy and raised his price target for the shares to $22 from $21. The analyst sees upside potential from Section 232 trade action.
GRA W.R. Grace
$72.14

0.57 (0.80%)

04/25/17
SUSQ
04/25/17
INITIATION
Target $75
SUSQ
Neutral
W.R. Grace initiated with a Neutral at Susquehanna
Susquehanna analyst Bobby Geornas initiated W.R. Grace with a Neutral and a $75 price target.
06/08/17
GSCO
06/08/17
DOWNGRADE
Target $76
GSCO
Neutral
W.R. Grace downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Robert Koort downgraded W.R. Grace to Neutral and lowered his price target for the shares to $76 from $83. More delays at the company's largest catalyst customer and margin pressure from raws will limit the stock's upside, Koort tells investors in a research note.
08/16/17
AGIS
08/16/17
NO CHANGE
Target $77
AGIS
Buy
W.R. Grace could rally $10 on CB&I unit acquisition, says Aegis
Aegis analyst Chris Kapsch believes Grace (GRA) is likely to become bigger via acquisitions and that CB&I's (CBI) process technology licensing division is a potential target. CB&I is a highly motivated seller, looking to complete the divestiture by year end, Kapsch tells investors in a research note. He believes Grace may be willing to pay as much as $1.5B for the asset and his "rough math" suggests such a deal could be 55c-60c accretive in FY18. This sort of deal accretion could be worth as much as $10 per share for Grace's equity, Kapsch argues. He has a Buy rating on Grace with a $77 price target.
05/25/17
VERT
05/25/17
INITIATION
Target $81
VERT
Buy
W.R. Grace initiated with a Buy at Vertical Research
Vertical Research analyst Kevin McCarthy initiated Grace with a Buy and an $81 price target saying it is a high quality specialty chemicals company that should benefit from solid growth at high margins, sustained by favorable oligopolistic industry structures and ongoing investment in R&D.
ICL ICL
$4.27

-0.02 (-0.47%)

05/10/17
05/10/17
NO CHANGE

Israel Chemicals reports Q1 EPS 5c, consensus 6c
Reports Q1 revenue $1.3B vs. $1.27B last year.
05/25/17
JEFF
05/25/17
INITIATION
Target $4.75
JEFF
Hold
Israel Chemicals initiated with a Hold at Jefferies
Jefferies analyst Jeffrey Schnell started Israel Chemicals with a Hold rating and $4.75 price target. The analyst sees commodity prices continuing to "crimp" the company's earnings power in the near-term.
PAH Platform Specialty Products
$12.01

0.21 (1.78%)

01/30/17
MSCO
01/30/17
INITIATION
Target $12
MSCO
Equal Weight
Platform Specialty Products initiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Neel Kumar initiated Platform Specialty Products with an Equal Weight with a $12 price target. The analyst expects Platform's valuation discount to peers to remain until leverage is reduced over the next several years.
02/06/17
GSCO
02/06/17
INITIATION
Target $15
GSCO
Buy
Platform Specialty Products initiated with a Buy at Goldman
Goldman Sachs analyst Robert Koort started Platform Specialty Products with a Buy rating and $15 price target.
01/20/17
HCWC
01/20/17
INITIATION
Target $5
HCWC
Buy
Platform Specialty Products initiated with a Buy at H.C. Wainwright
H.C. Wainwright analyst Andrew Fein started Platform Specialty Products with a Buy rating and $5 price target. Inhaled nitric oxide therapy for pulmonary arterial hypertension alone offers upside to the current valuation, the analyst contends.
02/06/17
02/06/17
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. TechnipFMC (FTI) initiated with a Buy at Jefferies. 2. Barracuda (CUDA) initiated with a Buy at Needham. 3. Terex (TEX) resumed with a Neutral at Citi. 4. TESARO (TSRO) initiated with a Market Perform at Cowen. 5. Platform Specialty Products (PAH) initiated with a Buy at Goldman. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
SEE Sealed Air
$43.63

0.02 (0.05%)

09/07/17
09/07/17
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. trivago (TRVG) downgraded to Neutral from Buy at BofA/Merrill with analyst Nat Schindler citing a surprise lowering of its 2017 revenue growth target to 40% from 50% and reduced adjusted EBITDA to down year-over-year. 2. Carrizo Oil & Gas (CRZO) downgraded to Neutral from Buy at Mizuho with analyst Timothy Rezvan saying Carrizo faces too many near-term headwinds and doesn't see Net Asset Value upside driving near-term stock outperformance. 3. Varian Medical (VAR) downgraded on valuation, macro concerns at BTIG with analyst Sean LAvin saying he downgraded the stock "mainly on valuation." However, he also believes that the company's results could be hurt by "instability in Korea and multiple hurricanes." 4. Zymeworks (ZYME) assumed with an Underweight from Overweight at Barclays with analyst Gena Wang saying she has low expectations for the company's lead asset HER2 dispecific antibody ZW25 in HER and high and medium expressed breast cancer. 5. Sealed Air (SEE) downgraded to Neutral from Buy at Citi with analyst Anthony Pettinari saying the company's annual guidance is at risk due to resin headwinds post Hurricane Harvey. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/07/17
SBSH
09/07/17
DOWNGRADE
Target $47
SBSH
Neutral
Sealed Air downgraded to Neutral from Buy at Citi
Citi analyst Anthony Pettinari downgraded Sealed Air to Neutral saying the company's annual guidance is at risk due to resin headwinds post Hurricane Harvey. The analyst believes Sealed Air s the most exposed plastic packager to increased resin costs. He cut his price target for the shares to $47 from $52.
08/31/17
SBSH
08/31/17
NO CHANGE
SBSH
Buy
Citi calls Berry Global top pick in plastic packaging
After performing a head-to-head analysis, Citi analyst Anthony Pettinari calls Berry Global (BERY) his top pick in plastic packaging over Sealed Air (SEE) and Bemis (BMS). The analyst believes Berry's free cash flow and deleveraging story "has legs." He also sees second half of 2017 catalysts for Buy-rated Sealed Air. Pettinari keeps a Neutral rating on Bemis despite the stock's year-to-date underperformance.
09/08/17
RHCO
09/08/17
NO CHANGE
RHCO
Sealed Air unlikely to be acquired after new CEO named, says SunTrust
SunTrust analyst Jason Freuchtel says that Sealed Air's stock rose 1.5% yesterday on high volume after it was reported that Amcor was considering buying Sealed Air's peer, Bemis (BMS).However, noting that Sealed Air yesterday after the market closed announced that its CEO was retiring and would be replaced by its COO, the analyst says that this news makes a sale of the company "unlikely in the near-term." However, he keeps a $48 price target and a Buy rating on the shares,
IP International Paper
$56.02

-0.08 (-0.14%)

08/14/17
08/14/17
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. International Paper (IP) upgraded to Buy from Neutral at DA Davidson with analyst Steven Chercover citing the 18% upside to his price target of $62 as well as the 3.5% dividend yield. 2. Masimo (MASI) upgraded to Buy from Neutral with analyst Sean Lavin saying he is more bullish on the Philips (PHG) agreement leading to increased revenue and margins, and the recent share pullback has provided a buying opportunity. Further, the analyst thinks Johnson & Johnson (JNJ) could be an acquirer of Masimo as it sells its products into the OR and ICU markets and would "massively" expand operating margins, and notes Philips may see the value of Masimo's products and make a bid. 3. NetApp (NTAP) upgraded to Buy from Hold at Maxim with analyst Nehal Chokshi saying channel checks indicate the company's hybrid cloud capabilities have gained traction. 4. Orbital ATK (OA) upgraded to Buy from Hold at Argus with analyst David Coleman citing valuation and his belief that its cash flow can increase. 5. Werner (WERN) upgraded to Overweight from Equal Weight at Stephens with analyst Brad Delco saying it is an attractive way to play an inflection in TL fundamentals. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/22/17
JEFF
08/22/17
NO CHANGE
Target $128
JEFF
Buy
Packaging Corp. linerboard capacity concerns overblown, says Jefferies
Jefferies analyst Philip Ng said Packaging Corp. (PKG) is adding 1% of supply by late 2018 with its purchase of West Coast box assets and plans to convert one of its Wallula mills to produce kraft linerboard, which does not change his view on the tightness of the linerboard market. He would view the pullback in Packaging Corp. shares on the news as a buying opportunity and would use the pullback in peers International Paper (IP) and WestRock (WRK) to add to positions as well, he tells investors. Ng keeps a Buy rating and $128 price target on Packaging Corp. shares, which fell about 3% to $106.51 yesterday.
09/12/17
JEFF
09/12/17
NO CHANGE
JEFF
Jefferies finds Georgia Pacific price increase as paper stocks rallied
Jefferies analyst Philip Ng said yesterday afternoon that his industry indicated Georgia Pacific announced a $50 per ton linerboard price increase and $60 per ton medium increase. The analyst expects the rest of the industry to match the increase in the coming weeks. A full $50 per ton containerboard price increase would boost earnings by 25%-plus for International Paper (IP), WestRock (WRK) and Packaging Corp. (PKG), the analyst points out. The stocks rallied yesterday afternoon as news of the Georgia Pacific price increase made the rounds.
09/12/17
DBAB
09/12/17
NO CHANGE
DBAB
Georgia-Pacific reportedly raised containerboard prices, says Deutsche Bank
Deutsche Bank analyst Debbie Jones confirmed that some of her contacts have been informed of a price hike from Georgia-Pacific with an implementation date of October 9. The increase is reportedly for $50 per ton on krafliner and white top and $60 per ton for medium, Jones tells investors in a research note. The analyst expected an increase to be announced later this year for implementation in early 2018, but thinks investor expectations were more mixed regarding the potential for a fall hike. Jones is not aware of any producers following the hike, but expects more announcements this week. To be successful, International Paper (IP) and WestRock (WRK) would also need to raise prices, Jones contends. She believes a successful price increase would be beneficial for International Paper, KapStone (KS), Packaging Corp. (PKG) and WestRock.
ANDE Andersons
$31.45

0.05 (0.16%)

09/26/16
BUCK
09/26/16
UPGRADE
Target $42
BUCK
Buy
Andersons upgraded to Buy from Neutral at Buckingham
Buckingham upgraded Andersons to Buy and raised its price target to $42 from $40 citing increased confidence the ag cycle has bottomed. The firm's analyst said a higher quality crop in Eastern Corn Belt, dynamics in wheat, and stabilizing ethanol margins are not fully reflected in current valuation.
11/09/16
SPHN
11/09/16
NO CHANGE
Target $42
SPHN
Overweight
Andersons should be bought on weakness, says Stephens
Stephens analyst Farha Aslam notes that Andersons' shares were off 5%-6% following the earnings miss and management's comment that "expectations have softened." However, the analyst would be a buyer on the pullback reflecting improving trends in agriculture. She looks for Andersons' shares to recover over the next 3 months as there is clarity regarding the earnings potential of Grain. Aslam reiterates an Overweight rating and $42 price target on the shares.
08/07/17
SPHN
08/07/17
DOWNGRADE
SPHN
Equal Weight
Andersons downgraded to Equal Weight from Overweight at Stephens
BTU Peabody Energy
$29.79

0.19 (0.64%)

04/27/17
MKMP
04/27/17
INITIATION
Target $33
MKMP
Buy
Peabody Energy initiated with a Buy at MKM Partners
MKM Partners analyst Daniel Scott initiated Peabody Energy with a Buy and a $33 price target saying it offers an attractive mix of low-cost thermal coal operations in the PRB and Illinois Basin, and provides exposure to export thermal coking, and PCI markets from its Australian operations, all at an attractive valuation.
04/27/17
04/27/17
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. Microsoft (MSFT) initiated with an Outperform at Credit Suisse. 2. Casey's General Stores (CASY) initiated with a Neutral at Goldman Sachs. 3. Sunoco Logistics (SXL) resumed with a Buy at Citi. 4. Peabody Energy (BTU) initiated with a Buy at MKM Partners. 5. Dexcom (DXCM) assumed with an Outperform at William Blair. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/07/17
MACQ
09/07/17
INITIATION
Target $30
MACQ
Neutral
Peabody Energy initiated with a Neutral at Macquarie
Macquarie analyst David Lipschitz initiated Peabody Energy with a Neutral and a $30 price target saying shares are fairly valued at current levels.
08/31/17
JPMS
08/31/17
UPGRADE
JPMS
Overweight
Arch Coal upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst John Bridges upgraded Arch Coal (ARCH) to Overweight and raised his price target for the shares to $90 from $80. The company's U.S. domestic coal production and lower cost mines should benefit from the "higher-for-longer" coking coal prices, Bridges tells investors in a research note after his firm upped its coal price forecasts. The analyst also upped his price target for Overweight-rated Peabody Energy (BTU) to $37 from $35.
AGU Agrium
$102.16

-0.39 (-0.38%)

07/10/17
SCOT
07/10/17
UPGRADE
Target $110
SCOT
Outperform
Update: Agirum upgraded to Outperform at Scotiabank
As previously reported, Scotiabank upgraded Agrium (AGU) to Outperform from Sector Perform and maintained a $110 price target. Analyst Ben Isaacson said it is "highly unlikely" the merger with Potash (POT) fails to go through and said Agrium offers a favorable 3.9% dividend yield versus Potash's 2.5%. Isaacson said Agrium's dividend is not only same but thinks it growth, potentially as early as this fall and sees an asymmetric risk/reward opportunity to be long the merger.
07/25/17
COWN
07/25/17
NO CHANGE
COWN
Short term buying opportunity for fertilizers is over, says Cowen
Cowen analyst Charles Neivert said the short-term buying opportunity on fertilizer shares is over as sentiment around yield destruction drove grain prices higher and fertilizer prices higher as well. He believes the worst is behind the market and valuation will return to being driven by supply/demand challenges. Fertilizer stocks include Potash (POT), Agrium (AGU) and Mosaic (MOS).
09/12/17
OTRG
09/12/17
UPGRADE
OTRG
Mixed
Fertilizer sector upgraded to Mixed from Negative at OTR Global
OTR Global changed its views on the Fertilizer sector to Mixed from Negative following checks that indicate US dealers have taken advantage of attractive summer prices to maintain or increase positions in most nutrients year-over-year. The firm's view on potash and phosphate producers, Agrium (AGU), Mosaic (MOS) and Potash (POT), and nitrogen producers Agrium (AGU) and CF Industries (CF) improved to mixed.
07/10/17
SCOT
07/10/17
UPGRADE
SCOT
Outperform
Agrium upgraded to Outperform from Sector Perform at Scotiabank
STLD Steel Dynamics
$33.26

-0.14 (-0.42%)

09/12/17
09/12/17
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. Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Bristol-Myers (BMY) downgraded to Neutral from Long-Term Buy at Hilliard Lyons with analyst Kurt Kemper citing share appreciation as shares have approached his previous $65 price target. 2. Bunge (BG) downgraded to Hold from Buy at Vertical Group citing the acquisition of 70% interest in IOI Loders Croklaan. 3. Advance Auto Parts (AAP) downgraded to Sell from Neutral at Citi with analyst Kate McShane saying the company's turnaround seems to be taking longer given the number of issues to fix, and its cost savings are unlikely to impact earnings given its needed investments. 4. Precision Drilling (PDS) downgraded to Neutral from Overweight at JPMorgan. 5. Nucor (NUE) and Steel Dynamics (STLD) were downgraded to Equal Weight from Overweight at Morgan Stanley. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/06/17
MACQ
09/06/17
INITIATION
Target $36
MACQ
Neutral
Steel Dynamics initiated with a Neutral at Macquarie
Macquarie analyst David Lipschitz initiated Steel Dynamics with a Neutral and a $36 price target. The analyst expects earnings growth to slow in the near-term following the first half of this years improved downstream demand and buyers' pre-orders due to concerns on potential trade investigations.
09/12/17
MSCO
09/12/17
DOWNGRADE
MSCO
Equal Weight
Steel Dynamics downgraded to Equal Weight from Overweight at Morgan Stanley
WLK Westlake Chemical
$79.42

1.97 (2.54%)

02/09/17
SBSH
02/09/17
INITIATION
Target $72
SBSH
Buy
Westlake Chemical initiated with a Buy at Citi
Citi analyst P.J. Juvekar started Westlake Chemical with a Buy rating and $72 price target. The company's acquisition of Axiall "was very timely" as the chlor alkali cycle is turning and could help offset a potential ethylene downturn in 2018, the analyst contends.
02/09/17
02/09/17
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. Ulta Beauty (ULTA) initiated with a Hold at Loop Capital. 2. Spark Therapeutics (ONCE) initiated with an Outperform at Leerink. 3. GTT Communications (GTT) initiated with a Buy at BTIG. 4. Westlake Chemical (WLK) initiated with a Buy at Citi. 5. Bio-Techne (TECH) initiated with a Buy at Citi. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/21/16
VERT
11/21/16
UPGRADE
Target $64
VERT
Buy
Westlake Chemical upgraded to Buy from Hold at Vertical Research
Vertical Research analyst Kevin McCarthy upgraded Westlake Chemical to Buy with a $64 price target saying the company best-in-class earnings upside in the event of US corporate tax reform and the Vinyls business will benefit from improved market conditions, deal synergies, and other cost cuts.
09/06/17
RHCO
09/06/17
NO CHANGE
RHCO
Westlake Chemical 2018, 2019 profits to beat expectations, says SunTrust
SunTrust analyst James Sheehan raised his estimates for Westlake, citing improving pricing trends. The analyst now expects Westlake's 2018 and 2019 profits to beat Street expectations. He raised his price target on the shares to $86 from $77 and keeps a Buy rating on the stock.
WRK WestRock
$57.97

0.22 (0.38%)

07/28/17
VERT
07/28/17
NO CHANGE
VERT
Vertical says Domtar-fueled containerboard selloff a buying opportunity
Vertical Research analyst Chip Dillon attributes the selloff in containerboard stocks to comments from Domtar's (UFS) CEO that he is considering converting some of the company's existing uncoated free sheet capacity to kraft linerboard. Dillon views this as likely a negotiating tactic by Domtar, which does not plan to "roll over" and may be setting up to discuss a sale of assets, a joint venture or possibly even a sale of the company. Dillon recommends buying Domtar and International Paper (IP) on this dip, and also likes WestRock (WRK), KapStone (KS) and Packaging Corp. (PKG), he tells investors in an intraday research note.
CF CF Industries
$32.19

-0.12 (-0.37%)

07/26/17
07/26/17
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. AMD (AMD) downgraded to Market Perform from Outperform at BMO Capital. 2. Zoetis (ZTS) downgraded to Hold from Buy at Deutsche Bank with analyst Gregg Gilbert saying the risk/reward is more balanced with the shares up 18% year-to-date. 3. CF Industries (CF) downgraded to Neutral from Outperform at Credit Suisse with analyst Christopher Parkinson citing the recent rally in shares. 4. Eli Lilly (LLY) downgraded to Market Perform from Outperform at Leerink with analyst Seamus Fernandez saying that the regulatory update for Olumiant removes upside optionality in rheumatoid arthritis and possibly other indications given concerns over thrombosis risk. 5. Wynn Resorts (WYNN) was downgraded to Hold from Buy at Union Gaming and to Market Perform from Outperform at Telsey Advisory. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/26/17
FBCO
07/26/17
DOWNGRADE
Target $30
FBCO
Neutral
CF Industries downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse analyst Christopher Parkinson downgraded CF Industries to Neutral citing the recent rally in shares and trimmed its price target to $30 from $31.
06/06/17
CLVD
06/06/17
NO CHANGE
Target $23
CLVD
Neutral
CF Industries estimates lowered at Cleveland Research
Cleveland Research lowered its FY17 forecasts for CF Industries due to weaker ammonia, urea and UAN prices. The firm cut its price target on CF Industries to $23 from $25 and keeps a Neutral rating on the stock.
PX Praxair
$134.82

-0.19 (-0.14%)

09/07/17
SUSQ
09/07/17
UPGRADE
SUSQ
Positive
Praxair upgraded to Positive from Neutral at Susquehanna
09/07/17
SUSQ
09/07/17
UPGRADE
Target $155
SUSQ
Positive
Praxair upgraded to Positive at Susquehanna
As reported previously, Susquehanna analyst Don Carson upgraded Praxair to Positive from Neutral based on his pro-forma valuation following its merger with Linde. He noted the company remains conservative in its earnings outlook given macro uncertainties despite positive volume growth. Carson has a $155 price target on Praxair shares.
09/06/17
ADAM
09/06/17
NO CHANGE
Target $77
ADAM
Buy
Mallinckrodt Inomax concerns overblown, says Canaccord
Canaccord analyst Dewey Steadman said Mallincrodt's (MNK) selloff following the disappointing litigation result was overblown. He said Inomax represents one of the company's more durable franchises and doesn't see an imminent Praxair (PX) launch. He also believes if Praxair was to launch its competitor drug, he believes the two companies can share the market. Steadman added that Mallinckrodt's valuation is now attractively low and reiterated his Buy rating and $77 price target on the shares.
09/07/17
09/07/17
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. RH (RH) upgraded to Buy from Neutral at Buckingham with analyst Kelly Halsor saying second quarter results changed is skeptical view of the turnaround story and he now expects a meaningful margin inflection in second half 2017 and beyond. 2. Generac (GNRC) upgraded to Neutral from Underperform at BofA/Merrill with analyst Ross Gilardi upgraded Generac ahead of Hurricane Irma and pending details into the company's investor day. 3. TJX (TJX) upgraded to Buy from Neutral at Northcoast analyst Nicholas Mitchell citing what he views as an attractive valuation, "plenty of runway" to grow sales through share capture and new store growth and his positive view of its new HomeSense concept. 4. Praxair (PX) upgraded to Positive from Neutral at Susquehanna with analyst Don Carson citing his pro-forma valuation following its merger with Linde. 5. PacWest Bancorp (PACW) upgraded to Buy from Neutral at DA Davidson with analyst Gary Tenner citing valuation following the recent pullback in the shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
AVY Avery Dennison
$95.23

1.05 (1.11%)

06/20/17
06/20/17
UPGRADE
Target $96

Buy
Avery Dennison upgraded to Buy on ecommerce trends, lower costs at BofA/Merrill
As previously reported, BofA/Merrill upgraded Avery Dennison to Buy from Neutral and increased its price target to $96 from $90. Analyst George Staphos said the demand outlook appears positive driven by strong e-commerce trends, indicated by an increase in box shipments of up mid-single-digits in May, The analyst said increased demand is a positive for Avery's Label and Graphic Materials business, and a pick up in apparel imports, when combined with an e-commerce demand, is a positive for the company's Retail Branding & Information Solutions and radio frequency identification trends. Staphos also adds that the input cost picture is better than anticipated with falling oil prices, limiting higher adhesive monomer prices.
02/06/17
LEHM
02/06/17
DOWNGRADE
Target $90
LEHM
Equal Weight
Packaging Corp. downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Scott Gaffner downgraded Packaging Corp. of America (PKG) to Equal Weight saying recent gains in Containerboard stocks "appear to have moved past fundamentals." The analyst sees peak earnings and multiples in the sector. He lowered his price target for Packaging Corp. shares to $90 from $92. Gaffner this morning also downgraded International Paper (IP) to Underweight and KapStone (KS) to Equal Weight. The analyst's top pick in the U.S. Paper & Packaging space is Avery Dennison (AVY).
01/06/17
SBSH
01/06/17
UPGRADE
Target $87
SBSH
Buy
Avery Dennison upgraded to Buy from Neutral at Citi
Citi analyst Anthony Pettinari upgraded Avery Dennison to Buy and calls the stock his top pick among Packagers. The company combines organic growth potential with strong pricing power and has very little debt, Pettinari tells investors in a research note. He views the recent pullback as an entry point and upped his price target for the shares to $87 from $79.
06/20/17
BOFA
06/20/17
UPGRADE
BOFA
Buy
Avery Dennison upgraded to Buy from Neutral at BofA/Merrill

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