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FCX

Freeport McMoRan

$19.96

0.56 (2.89%)

21:10
01/21/18
01/21
21:10
01/21/18
21:10

Freeport McMoRan downgraded to Neutral from Outperformer at CIBC

CIBC downgraded Freeport McMoRan to Neutral citing recent shares strength.

  • 25

    Jan

FCX Freeport McMoRan
$19.96

0.56 (2.89%)

10/17/17
10/17/17
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. Freeport McMoRan (FCX) downgraded to Sell from Hold at Deutsche Bank with analyst Chris Terry saying he sees an unfavorable risk/reward profile due to valuation and continued uncertainty at Grasberg. 2. Energy Transfer Partners (ETP) downgraded to Neutral from Buy at Goldman Sachs with analyst Theodore Durbin saying he sees a weaker distribution growth outlook and prefers Energy Transfer Equity (ETE) over Energy Transfer Partners. 3. Darden (DRI) downgraded to Hold from Buy at Argus with analyst John Staszak noting the company is not immune from weak conditions in the casual dining industry. 4. Blue Buffalo downgraded to Neutral from Overweight at JPMorgan analyst Ken Goldman saying he sees a more balanced risk/reward saying the company's sales into traditional channels may be weaker than he expected. 5. United Natural Foods (UNFI) downgraded to Underperform at RBC Capital with analyst Bill Kirk saying there is competitive contract risk from Amazon's (AMZN) acquisition of Whole Foods, as Amazon has the ability, incentive and precedent to decrease reliance United Natural Foods. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/11/17
MSCO
12/11/17
UPGRADE
Target $14
MSCO
Equal Weight
Freeport McMoRan upgraded to Equal Weight from Underweight at Morgan Stanley
Morgan Stanley analyst Piyush Sood upgraded Freeport McMoRan to Equal Weight after the firm's metals team upwardly revised its 2018 metals estimates and now forecasts upside to spot aluminum and copper/zinc prices remaining near current levels. Given the higher copper estimates, he raised his price target on Freeport to $14 from $10.
12/21/17
MSCO
12/21/17
NO CHANGE
MSCO
Equal Weight
Cleveland-Cliffs a key beneficiary of corporate AMT repeal, says Morgan Stanley
Morgan Stanley analyst Piyush Sood noted that Steel Dynamics (STLD) and Nucor (NUE) have been the "preferred tax reform plays" in the steel sector, but he believes that Cleveland-Cliffs (CLF), as well as Warrior Met Coal (HCC) and Freeport McMoran (FCX), should benefit from the corporate alternative minimum tax repeal, as they all carry substantial AMT credits on their balance sheets. He keeps Equal Weight ratings on Cleveland, Warrior and Freeport.
01/17/18
CLKS
01/17/18
UPGRADE
CLKS
Buy
Freeport McMoRan upgraded to Buy from Neutral at Clarksons Platou
Clarksons Platou upgraded Freeport McMoRan to Buy citing an increased copper price deck and a better medium to long-term outlook for Grasberg.

TODAY'S FREE FLY STORIES

WATT

Energous

$16.10

-0.61 (-3.65%)

15:35
06/21/18
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15:35
Options
Energous put volume heavy and directionally bearish »

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SENS

Senseonics

$4.93

0.07 (1.44%)

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  • 22

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LDOS

Leidos

$57.77

-0.57 (-0.98%)

15:29
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  • 26

    Jul

LDOS

Leidos

$57.75

-0.59 (-1.01%)

, HRS

Harris

$143.06

-2.18 (-1.50%)

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Periodicals
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-2.18 (-1.50%)

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  • 26

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FOSL

Fossil

$31.65

2.43 (8.32%)

15:25
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Options
Fossil call volume above normal and directionally bullish »

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SPY

SPDR S&P 500 ETF Trust

$274.42

-1.58 (-0.57%)

, SPX

S&P 500

$0.00

(0.00%)

15:22
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06/21
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Technical Analysis
Technical Take: S&P 500 at important technical juncture into the close »

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SPY

SPDR S&P 500 ETF Trust

$274.42

-1.58 (-0.57%)

SPX

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$0.00

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WFC

Wells Fargo

$54.58

0.08 (0.15%)

15:17
06/21/18
06/21
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Periodicals
Wells Fargo said to let go of 10 analysts to cut costs, Bloomberg reports »

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  • 13

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
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06/21
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
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06/21
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Technical Analysis
NYSE market internals summary »

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SENS

Senseonics

$4.93

0.07 (1.44%)

15:15
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Hot Stocks
Senseonics says FDA approves PMA to market Eversense CGM System »

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  • 22

    Jun

15:15
06/21/18
06/21
15:15
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General news
Treasury Closing Summary: »

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SRE

Sempra Energy

$111.85

-0.68 (-0.60%)

15:12
06/21/18
06/21
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15:12
Hot Stocks
CPUC rejects SGE&E, SoCalGas request to build new nat gas pipeline in San Diego »

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CSX

CSX

$64.28

-0.59 (-0.91%)

15:10
06/21/18
06/21
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Options
CSX sees increased put activity »

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  • 17

    Jul

  • 26

    Aug

MFG

Mizuho Financial Group

$3.37

-0.07 (-2.03%)

15:05
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06/21
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15:05
Conference/Events
Mizuho Financial Group management to meet with JPMorgan »

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  • 25

    Jun

  • 26

    Jun

HRTX

Heron Therapeutics

$40.10

9.4 (30.62%)

15:04
06/21/18
06/21
15:04
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15:04
Recommendations
Heron Therapeutics analyst commentary  »

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  • 21

    Jun

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  • 27

    Jun

SGH

Smart Global

$40.24

-0.27 (-0.67%)

15:04
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Options
SMART Global options imply 15.6% move in share price post-earnings »

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  • 21

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STMP

Stamps.com

$249.35

-30.95 (-11.04%)

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CPSH

CPS Technologies

$1.57

(0.00%)

14:58
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SRE

Sempra Energy

$113.35

0.82 (0.73%)

14:56
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Sempra Energy to defend strategy, push back against activists, Dealreporter says »

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SENS

Senseonics

$4.90

0.04 (0.82%)

14:55
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  • 22

    Jun

IR

Ingersoll-Rand

$90.32

-0.595 (-0.65%)

14:52
06/21/18
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14:52
Conference/Events
Ingersoll-Rand management to meet with JPMorgan »

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  • 25

    Jun

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    Jun

RHT

Red Hat

$166.01

-3.25 (-1.92%)

14:49
06/21/18
06/21
14:49
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14:49
Options
Red Hat options imply 7.8% move in share price post-earnings, above median historical move »

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  • 21

    Jun

14:45
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06/21
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General news
June PMI reports from the U.S. and Europe are anxiously awaited Friday »

June PMI reports from the…

HES

Hess Corp.

$61.89

-0.75 (-1.20%)

14:44
06/21/18
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Conference/Events
Hess Corp. management to meet with JPMorgan »

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  • 25

    Jun

  • 26

    Jun

XRX

Xerox

$26.57

-0.68 (-2.50%)

, FUJIY

Fujifilm

$0.00

(0.00%)

14:43
06/21/18
06/21
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Periodicals
Breaking Periodicals news story on Xerox, Fujifilm »

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XRX

Xerox

$26.57

-0.68 (-2.50%)

FUJIY

Fujifilm

$0.00

(0.00%)

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