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CMC

Commercial Metals

$20.50

-0.28 (-1.35%)

, GGB

Gerdau

$3.57

-0.01 (-0.28%)

05:11
10/17/17
10/17
05:11
10/17/17
05:11

Commercial Metals upgraded to Buy from Hold at Jefferies

Jefferies analyst Seth Rosenfeld upgraded Commercial Metals (CMC) to Buy citing improved margin assumptions and optionality from acquisitions. A deal tied to Gerdau (GGB) may bring "further game-changing consolidation benefits" to the U.S. rebar market, Rosenfeld tells investors in a research note. He raised his price target for Commercial Metals shares to $26 from $19.

CMC

Commercial Metals

$20.50

-0.28 (-1.35%)

GGB

Gerdau

$3.57

-0.01 (-0.28%)

  • 26

    Oct

CMC Commercial Metals
$20.50

-0.28 (-1.35%)

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.
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.
06/13/17
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.
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.
GGB Gerdau
$3.57

-0.01 (-0.28%)

09/12/17
SANT
09/12/17
UPGRADE
SANT
Buy
Gerdau upgraded to Buy from Hold at Santander
09/07/17
FBCO
09/07/17
DOWNGRADE
FBCO
Neutral
Gerdau downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse analyst Ivano Westin downgraded Gerdau to Neutral with a BRL14 price target.
09/01/17
09/01/17
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. Palo Alto Networks (PANW) was upgraded to Overweight from Neutral at JPMorgan and to Overweight from Equal-Weight at First Analysis. 2. Gap (GPS) upgraded to Neutral from Sell at Citi, with analyst Paul Lejuez saying concerns of a slowdown at Old Navy appear more priced in at current valuation levels. He raised his price target for the shares to $24 from $22. 3. Gerdau (GGB) upgraded to Overweight from Neutral at JPMorgan with analyst Rodolfo Angele saying the company's business environment has improved. 4. Owens & Minor (OMI) upgraded to Neutral from Underperform at Baird with analyst Eric Coldwell citing its relative underperformance. 5. Toronto-Dominion (TD) upgraded to Outperform from Sector Perform at National Bank. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/01/17
JPMS
09/01/17
UPGRADE
JPMS
Overweight
Gerdau upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Rodolfo Angele upgraded Gerdau to Overweight saying the company's business environment has improved. The analyst sees "solid" pricing momentum across all geographies, Brazilian long steel demand stabilizing and potential upsides from Harvey's reconstruction plan. Angele raised his price target for the shares to R$15 from R$13.5.

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CRM

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HPE

HP Enterprise

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GME

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QAD Inc

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HPQ

HP Inc.

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Salesforce

$108.60

1.24 (1.16%)

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HPE

HP Enterprise

$14.16

0.065 (0.46%)

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QADB

QAD Inc

$31.74

1.74 (5.80%)

16:07
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HPQ

HP Inc.

$22.45

0.33 (1.49%)

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HPE

HP Enterprise

$14.16

0.065 (0.46%)

16:06
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GME

GameStop

$16.52

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CRM

Salesforce

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1.315 (1.22%)

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HPQ

HP Inc.

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ILMN

Illumina

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HPE

HP Enterprise

$14.16

0.065 (0.46%)

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Earnings
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HPQ

HP Inc.

$22.46

0.335 (1.51%)

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Earnings
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Salesforce

$108.76

1.39 (1.29%)

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HIFS

Hingham Institution

$201.40

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GLPG

Galapagos NV

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AMZN

Amazon.com

$1,126.31

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T

AT&T

$34.42

-0.22 (-0.64%)

, TWX

Time Warner

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