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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.

TODAY'S FREE FLY STORIES

ITRM

Iterum Therapeutics

$0.00

(0.00%)

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Syndicate
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UPL

Ultra Petroleum

$1.90

-0.14 (-6.86%)

21:27
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Ultra Petroleum rating change  »

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PBR

Petrobras

$12.77

-2.335 (-15.46%)

, EWZ

MSCI Brazil Index

$38.16

-0.52 (-1.34%)

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PBR

Petrobras

$12.77

-2.335 (-15.46%)

EWZ

MSCI Brazil Index

$38.16

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ROST

Ross Stores

$82.95

0.35 (0.42%)

20:46
05/24/18
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Recommendations
Ross Stores analyst commentary at Loop Capital »

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BMRN

BioMarin

$88.30

-0.2 (-0.23%)

20:41
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Recommendations
BioMarin analyst commentary at Piper Jaffray »

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DECK

Deckers Brands

$103.63

0.8 (0.78%)

, SCVL

Shoe Carnival

$26.38

0.79 (3.09%)

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DECK

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SCVL

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CAVM

Cavium

$79.53

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DGX

Quest Diagnostics

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BMRN

BioMarin

$88.30

-0.2 (-0.23%)

ZOES

Zoe's Kitchen

$14.48

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GPS

Gap

$32.97

1 (3.13%)

EGHT

8x8, Inc.

$22.00

0.35 (1.62%)

ADSK

Autodesk

$138.76

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ROST

Ross Stores

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NTNX

Nutanix

$55.39

-0.85 (-1.51%)

SPLK

Splunk

$116.35

-0.2 (-0.17%)

VEEV

Veeva

$77.24

0.5 (0.65%)

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FL

Foot Locker

$46.38

1.35 (3.00%)

, HIBB

Hibbett Sports

$28.95

0.6 (2.12%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

FL

Foot Locker

$46.38

1.35 (3.00%)

HIBB

Hibbett Sports

$28.95

0.6 (2.12%)

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SNAP

Snap

$10.59

-0.045 (-0.42%)

20:06
05/24/18
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20:06
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Snap's Send and Request location feature aims to boost privacy, TechCrunch says »

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  • 07

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MDT

Medtronic

$86.94

1.65 (1.93%)

19:52
05/24/18
05/24
19:52
05/24/18
19:52
Recommendations
Medtronic analyst commentary at Piper Jaffray »

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    Jun

MRK

Merck

$59.11

-0.05 (-0.08%)

, ESALY

Eisai

$0.00

(0.00%)

19:43
05/24/18
05/24
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Hot Stocks
Eisai, Merck provide update on sNDA for Lenvatinib in HCC »

Eisai (ESALY). and Merck…

MRK

Merck

$59.11

-0.05 (-0.08%)

ESALY

Eisai

$0.00

(0.00%)

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MCD

McDonald's

$162.38

0.865 (0.54%)

19:18
05/24/18
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Periodicals
McDonald's sued by customers over unwanted cheese on burgers, Miami Herald says »

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CNI

Canadian National

$83.75

-0.4 (-0.48%)

19:18
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Upgrade
Canadian National rating change at Deutsche Bank »

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EXR

Extra Space Storage

$95.10

1.335 (1.42%)

19:11
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Extra Space Storage raises quarterly dividend by 10.3% to 86c per share »

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EWP

MSCI Spain Index ETF

$32.38

-0.075 (-0.23%)

, FXE

Euro Currency Trust

$112.60

0.2 (0.18%)

19:09
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Periodicals
Spain opposition planning no-confidence vote for PM Rajoy, Bloomberg reports »

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EWP

MSCI Spain Index ETF

$32.38

-0.075 (-0.23%)

FXE

Euro Currency Trust

$112.60

0.2 (0.18%)

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SSNLF

Samsung

$0.00

(0.00%)

, AAPL

Apple

$188.18

-0.18 (-0.10%)

18:48
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Periodicals
Breaking Periodicals news story on Samsung, Apple »

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SSNLF

Samsung

$0.00

(0.00%)

AAPL

Apple

$188.18

-0.18 (-0.10%)

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XOM

Exxon Mobil

$80.26

-1.88 (-2.29%)

18:43
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Sonatrach CEO seeks cooperation with Exxon on shale gas, Reuters says »

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  • 30

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UAL

United Continental

$70.47

0.93 (1.34%)

18:39
05/24/18
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18:39
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18:39
Periodicals
United names former FAA chief Jane Garvey chairman, Bloomberg says »

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$272.87

-0.5 (-0.18%)

18:35
05/24/18
05/24
18:35
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18:35
Periodicals
U.S. bill would force tech firms to reveal foreign software use, Reuters says »

Senate staff said that…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$272.87

-0.5 (-0.18%)

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EWY

iShares MSCI South Korea Index Fund

$73.49

-0.96 (-1.29%)

, SPY

SPDR S&P 500 ETF Trust

$272.87

-0.5 (-0.18%)

18:33
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18:33
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Periodicals
N Korea's KCNA press expressing regret over cancelled U.S. talks, Bloomberg says »

The report cites North…

EWY

iShares MSCI South Korea Index Fund

$73.49

-0.96 (-1.29%)

SPY

SPDR S&P 500 ETF Trust

$272.87

-0.5 (-0.18%)

EWJ

iShares MSCI Japan Index Fund

$60.34

-0.37 (-0.61%)

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LMT

Lockheed Martin

$326.46

0.98 (0.30%)

18:30
05/24/18
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Senate Committee draft bill precludes Turkey from buying F-35s, Reuters says »

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  • 30

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GXP

Great Plains Energy

$32.77

0.02 (0.06%)

, WR

Westar Energy

$54.59

0.35 (0.65%)

18:29
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Hot Stocks
Great Plains-Westar Energy merger approved by KCC, MPSC »

Great Plains Energy (GXP)…

GXP

Great Plains Energy

$32.77

0.02 (0.06%)

WR

Westar Energy

$54.59

0.35 (0.65%)

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UAL

United Continental

$70.47

0.93 (1.34%)

18:08
05/24/18
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Boutique Air announces codeshare partnership with United Airlines »

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KRNY

Kearny Financial

$14.25

-0.1 (-0.70%)

18:05
05/24/18
05/24
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Hot Stocks
Kearny Financial increases quarterly cash dividend to 4c per share »

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YRD

Yirendai

$28.42

-0.33 (-1.15%)

18:02
05/24/18
05/24
18:02
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Earnings
Yirendai reports Q1 adjusted income per ADS $1.72, consensus 99c »

Reports Q1 revenue…

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AAPL

Apple

$188.18

-0.18 (-0.10%)

, SSNLF

Samsung

$0.00

(0.00%)

17:59
05/24/18
05/24
17:59
05/24/18
17:59
Periodicals
Apple wins $539M award from Samsung in patent trial, Bloomberg reports »

A jury in San Jose,…

AAPL

Apple

$188.18

-0.18 (-0.10%)

SSNLF

Samsung

$0.00

(0.00%)

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  • 10

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