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MT

ArcelorMittal

$32.72

-0.07 (-0.21%)

06:59
12/26/17
12/26
06:59
12/26/17
06:59

ArcelorMittal may change Ilva deal to avoid legal challenge, Reuters says

ArcelorMittal has told Italy's Ilva plant commissioners that it seeks acquisition contract changes to shield the deal terms from a legal challenge, Reuters reports citing a letter from Ilva. ArcelorMittal is said to have requested "modifications and additions" that would allow for its purchase agreement to be suspended or dissolved if an Italian upholds the potential anti-trust challenges. Reference Link

MT ArcelorMittal
$32.72

-0.07 (-0.21%)

12/07/17
MSCO
12/07/17
NO CHANGE
MSCO
After Vietnam win, steel makers could file new complaints, says Morgan Stanley
Morgan Stanley analyst Piyush Sood said the Department of Commerce affirmative preliminary ruling against imports of certain steel products from Vietnam made of Chinese substrate may only affect small volumes, but it "sends a loud message to the steel industry" and could prompt U.S. steel makers to file similar complaints against other countries. He thinks a few self-initiated cases and anti circumvention cases can reduce U.S. steel imports and "clubbed together, could very well resemble a Section 232 ruling," though without an import quota and/or blanket tariffs. Falling imports next year should help boost prices, said Sood, who names U.S. Steel (X), AK Steel (AKS) and ArcelorMittal (MT) as "key beneficiaries," followed by Steel Dynamics (STLD)and Nucor (NUE).
10/20/17
UBSW
10/20/17
UPGRADE
UBSW
Buy
ArcelorMittal upgraded to Buy from Neutral at UBS
09/22/17
09/22/17
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. Versartis (VSAR) was downgraded to Hold from Buy at SunTrust, to Underweight from Overweight at Barclays, to Neutral from Overweight at Piper Jaffray, and to Market Perform from Outperform at Cowen. 2. Tiffany (TIF) downgraded to Neutral from Buy at Goldman Sachs with analyst Lindsay Drucker Mann saying the company's high-end categories, including engagement, wedding and solitaire jewelry, decelerated in the last two quarters. 3. Airbus (EADSY) downgraded to Hold from Buy at Jefferies with analyst Sandy Morris saying the company's EBIT in fiscal 2018 and fiscal 2019 could track significantly below consensus expectations. 4. Alcoa (AA) downgraded to Hold from Buy at Berenberg with analyst Yuriy Vlasov saying Alcoa shares are up 43% over the past six months and recommends taking profits. 5. U.S. Steel (X) was downgraded to Underperform from Market Perform while ArcelorMittal (MT) was downgraded to Market Perform from Outperform at Cowen. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/22/17
COWN
09/22/17
DOWNGRADE
Target $27
COWN
Market Perform
ArcelorMittal downgraded to Market Perform from Outperform at Cowen
Cowen analyst Novid Rassouli downgraded ArcelorMittal to Market Perform and cut its price target to $27 from $32 based on expectations iron ore and global steel prices are heading lower. The analyst said ArcelorMittal was helped by steel-side reform in China, which pushed Chinese steel prices to multi-year highs. Rassouli has a bearish near-term view on iron ore prices and is concerned with the company's heavy exposure to iron ore and international steel markets.

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XRX

Xerox

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Facebook

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TWX

Time Warner

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Disney

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VIAB

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VIA

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CTIC

CTI BioPharma

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ZSAN

Zosano Pharma

$0.45

-0.0387 (-7.92%)

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Zosano Pharma to host special shareholder meeting »

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SANM

Sanmina

$35.45

0.5 (1.43%)

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AMZN

Amazon.com

$1,294.58

1.26 (0.10%)

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TWTR

Twitter

$23.66

-0.38 (-1.58%)

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CLF

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BMY

Bristol-Myers

$62.28

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EXEL

Exelixis

$28.00

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ARRY

Array BioPharma

$13.14

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SO

Southern Company

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TECK

Teck Resources

$29.43

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TWTR

Twitter

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SPY

SPDR S&P 500 ETF Trust

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FB

Facebook

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New York Times

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WMT

Walmart

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AAPL

Apple

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, NFLX

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$220.46

0.13 (0.06%)

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NFLX

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