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STLD

Steel Dynamics

$36.44

0.27 (0.75%)

18:04
10/18/17
10/18
18:04
10/18/17
18:04

Steel Dynamics CEO optimistic conditions in place to benefit FY18 consumption

CEO Mark Millet said: "Despite a somewhat noisy market environment related to continued high levels of steel imports, we remain optimistic that macroeconomic and market conditions are in place to benefit domestic steel consumption in 2018... Although U.S. automotive production has peaked, we believe North American automotive steel consumption will be steady, and that there will be continued additional growth in the energy and construction sectors, especially for larger, public sector infrastructure projects."

  • 19

    Oct

STLD Steel Dynamics
$36.44

0.27 (0.75%)

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.
09/12/17
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.
10/02/17
LBOW
10/02/17
DOWNGRADE
LBOW
Neutral
Steel Dynamics downgraded to Neutral from Buy at Longbow
10/02/17
10/02/17
DOWNGRADE

Neutral
Steel Dynamics downgraded to Neutral on survey weakness at Longbow
As previously reported, Longbow downgraded Steel Dynamics to Neutral from Buy. Analyst Chris Olin cut Q4 and 2018 estimates across the steel sector following carbon steel channel checks that indicate incremental demand weakness. Olin said order activity slowed considerably since summer and industry contacts recently lowered near-term pricing expectations on HRC despite reduced import availability. Specifically for Steel Dynamics, the analyst changed his view due to sheet market weakness and a potential downstream margin contraction.

TODAY'S FREE FLY STORIES

TSLA

Tesla

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2.55 (0.82%)

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HMC

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PG

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BHGE

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, GE

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  • 14

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CSCO

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IBM

IBM

$148.97

-0.15 (-0.10%)

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  • 27

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GE

General Electric

$18.21

-0.04 (-0.22%)

09:05
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GE

General Electric

$18.21

-0.04 (-0.22%)

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TWX

Time Warner

$88.72

0.71 (0.81%)

, T

AT&T

$34.51

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TWX

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T

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NYT

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TEX

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TPIC

TPI Composites

$19.06

-0.97 (-4.84%)

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  • 05

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SYNA

Synaptics

$38.21

0.57 (1.51%)

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  • 18

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

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S&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices »

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

BRCD

Brocade

IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

AVGO

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TCMD

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-0.23 (-0.88%)

LMOS

Lumos Networks

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  • 28

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WGL

WGL Holdings

$84.32

-0.14 (-0.17%)

18:01
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TCMD

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  • 28

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IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

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

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MKSI

MKS Instruments

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AVGO

Broadcom

$271.86

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  • 06

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UQM

UQM Technologies

$1.18

0.015 (1.29%)

17:24
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GS

Goldman Sachs

$238.02

-1.35 (-0.56%)

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VICL

Vical

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LGND

Ligand

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-1.4 (-0.99%)

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LGND

Ligand

$140.31

-1.4 (-0.99%)

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Ligand CFO sells 6,559 common shares »

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LGND

Ligand

$140.31

-1.4 (-0.99%)

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MBI

MBIA

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0.13 (1.46%)

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RBCN

Rubicon

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0.1218 (1.53%)

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