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JEC

Jacobs Engineering

$63.19

-0.52 (-0.82%)

, VMC

Vulcan Materials

$126.57

-6.9 (-5.17%)

08:32
02/17/18
02/17
08:32
02/17/18
08:32

Week in review: How Trump's policies moved stocks

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Trump and his administration with this weekly recap compiled by The Fly: 1. INFRASTRUCTURE: On Monday, the Trump administration unveiled its infrastructure plan. The White House said its plan will create $1.5T for repairing and upgrading the country's infrastructure, but only $200B of that will come from direct federal spending. The rest should come from state and local governments, which are expected to match any federal allocation by at least a four-to-one ratio. About $100B of the new federal money would be parceled out as incentives to local government entities, an additional $20B would go toward "projects of national significance," and another $50B is earmarked for rural block grants. The rest of the money would support other infrastructure-related undertakings, including existing loan programs. The Trump administration also said it wants to shorten the time and expense of getting federal permits by consolidating the reviews conducted by different agencies into one federal decision. Publicly traded companies that could benefit from spending on infrastructure include Aecom (ACM), CB&I (CBI), Caterpillar (CAT), Eagle Materials (EXP), Fluor (FLR), Granite Construction (GVA), Jacobs Engineering (JEC), Martin Marietta (MLM), Quanta Services (PWR), U.S. Concrete (USCR) and Vulcan Materials (VMC). 2. GAS TAX: According to multiple media reports on Wednesday, President Donald Trump is said to be open to raising the federal tax on gasoline and diesel by 25c to pay for the White House's infrastructure plan. The current taxes are 18.4c per gallon for gasoline and 24.4c for diesel, and have not been raised in nearly 25 years. 3. TAX REFORM, LESS REGULATION: Speaking at the Goldman Sachs Technology and Internet Conference on Thursday, Visa (V) CEO Alfred Kelly said that the new tax reform and less regulation will have a "great" impact on the economy, and noted that the Trump administration is trying to drive down "shackles" of regulations for financial services companies. President Trump's policies may not be a big deal "directly" for the company, but are a big deal "indirectly," he added. 4. STEEL, ALUMINUM 232 FINDINGS: Commerce Secretary Wilbur Ross released reports on the Department of Commerce's investigations into the impact on national security from imports of steel mill products and from imports of wrought and unwrought aluminum. The Department of Commerce found that the quantities and circumstances of steel and aluminum imports "threaten to impair the national security," as defined by Section 232. Secretary Ross recommended remedies to address the problem of steel imports and for dealing with the excessive imports of aluminum, noting that the President is required to make a decision on the recommendations by April. Publicly traded companies in the aluminum space include Alcoa (AA), Arconic (ARNC), and Century Aluminum (CENX). Publicly traded companies in the steel space include U.S. Steel (X), Steel Dynamics (STLD), AK Steel (AKS), Cleveland-Cliffs (CLF), Nucor (NUE), ArcelorMittal (MT), and Timken (TKR). 5. RUSSIAN INDICTMENTS: Special counsel Robert Mueller on Friday charged 13 Russian nationals and three Russian companies for allegedly carrying out "information warfare against the United States," and Deputy Attorney General Rod Rosenstein indicted the Russian conspirators on charges related to interference with the 2016 presidential election. Rosenstein noted there is no allegation in the indictment that any American had any knowledge of the alleged conspiracy. "Week in Review" is The Fly's weekly recap of its recurring series of "Trump Effect" exclusive stories.

JEC

Jacobs Engineering

$63.19

-0.52 (-0.82%)

VMC

Vulcan Materials

$126.57

-6.9 (-5.17%)

PWR

Quanta Services

$35.07

0.24 (0.69%)

EXP

Eagle Materials

$102.75

-3.83 (-3.59%)

FLR

Fluor

$57.63

-0.22 (-0.38%)

USCR

U.S. Concrete

$78.00

-1.4 (-1.76%)

ACM

Aecom

$35.36

0.08 (0.23%)

CBI

CB&I

$18.71

0.04 (0.21%)

GVA

Granite Construction

$60.36

2.69 (4.66%)

CAT

Caterpillar

$156.29

-3.69 (-2.31%)

MLM

Martin Marietta

$216.25

-6.34 (-2.85%)

V

Visa

$121.85

-0.43 (-0.35%)

AA

Alcoa

$47.36

-0.21 (-0.44%)

ARNC

Arconic

$25.36

0.14 (0.56%)

CENX

Century Aluminum

$24.12

1.85 (8.31%)

X

U.S. Steel

$44.75

5.76 (14.77%)

STLD

Steel Dynamics

$49.40

2.26 (4.79%)

AKS

AK Steel

$5.96

0.72 (13.74%)

CLF

Cleveland-Cliffs

$7.92

0.55 (7.46%)

NUE

Nucor

$68.54

2.96 (4.51%)

MT

ArcelorMittal

$36.48

1.19 (3.37%)

TKR

Timken

$45.00

-0.08 (-0.18%)

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JEC Jacobs Engineering
$63.19

-0.52 (-0.82%)

01/30/18
GSCO
01/30/18
UPGRADE
Target $75
GSCO
Neutral
Goldman upgrades Jacobs to Neutral with growth at inflection
Goldman Sachs analyst Jerry Revich upgraded Jacobs Engineering Group to Neutral from Sell and raised his price target for the shares to $75 from $64. The analyst believes the company's organic growth is at an inflection and highlights management's "strong" execution.
01/29/18
UBSW
01/29/18
UPGRADE
Target $82
UBSW
Buy
Jacobs Engineering upgraded to Buy from Neutral at UBS
UBS analyst Steven Fisher upgraded Jacobs Engineering to Buy and raised his price target for the shares to $82 from $65. The analyst expects higher energy prices, improving corporate confidence, and rising defense budgets to support capex and backlog growth. Higher backlog growth should support a positive inflection in core revenues after three years of declines, Fisher tells investors in a research note.
01/30/18
GSCO
01/30/18
UPGRADE
GSCO
Neutral
Jacobs Engineering upgraded to Neutral from Sell at Goldman Sachs
01/18/18
FBCO
01/18/18
INITIATION
Target $82
FBCO
Outperform
Jacobs Engineering reinstated with an Outperform at Credit Suisse
Credit Suisse analyst Jamie Cook reinstated Jacobs Engineering with an Outperform rating and $82 price target. The acquisition of CH2M Hill shifts the company's portfolio to higher-margin and stable growth segments, the analyst contends.
VMC Vulcan Materials
$126.57

-6.9 (-5.17%)

12/26/17
SBSH
12/26/17
NO CHANGE
Target $144
SBSH
Buy
Citi sees 'great stocking stuffer' in Vulcan Materials settlement
Citi analyst Scott Schrier calls Vulcan Materials' settlement with the Justice Department, which allows for the acquisition of Aggregates USA following 17 divestitures, a "great stocking stuffer." The analyst believes there can be "significant synergies" from the deal due to Vulcan's footprint and distribution network in the Southeast part of the country. He keeps a Buy rating on the shares with a $144 price target.
10/11/17
JEFF
10/11/17
INITIATION
Target $122
JEFF
Hold
Vulcan Materials assumed with a Hold at Jefferies
Jefferies analyst Philip Ng assumed coverage of Vulcan Materials with a Hold rating and $122 price target. The analyst cites near-term headwinds from Hurricanes Harvey and Irma as well as a "premium valuation" for his Hold rating.
12/12/17
LEHM
12/12/17
INITIATION
Target $135
LEHM
Overweight
Vulcan Materials initiated with an Overweight at Barclays
Barclays analyst Adam Seiden started Vulcan Materials with an Overweight rating and $135 price target.
12/14/17
RHCO
12/14/17
NO CHANGE
Target $145
RHCO
Buy
Vulcan Materials backlog at 3-year-high, says SunTrust
SunTrust analyst Rohit Seth keeps his Buy rating and $145 price target on Vulcan Materials after hosting investor meetings earlier this week. Seth says that "contrary to the contract award data", visibility for the company is on the rise given that the company's backlogs are now at the highest level in 3 years. The analyst adds that Vulcan Materials is gaining confidence that public recovery is underway.
PWR Quanta Services
$35.07

0.24 (0.69%)

08/18/17
SBSH
08/18/17
UPGRADE
Target $49
SBSH
Buy
MasTec upgraded to Buy from Neutral at Citi
Citi analyst Andrew Kaplowitz upgraded MasTec (MTZ) to Buy saying the recent pullback in the shares provides a buying a good entry point. The company has above average earnings growth potential relative to reduced expectations, Kaplowitz tells investors in a research note. He keeps a $49 price target for the shares. Kaplowitz this morning also upgraded Quanta Services (PWR) to Buy.
08/18/17
08/18/17
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. United Rentals (URI) upgraded to Buy from Hold at Stifel with analyst Stanley Elliott saying that the company's acquisition of Neff (NEFF) increases his confidence in its outlook and leaves it better positioned to exploit favorable demand trends. 2. Tonix Pharmaceuticals (TNXP) upgraded to Buy from Neutral at Roth Capital with analyst Scott Henry believes Tonix's current valuation does not reflect the potential of the Tonmya program to treat PTSD and said the company has the cash runway to reach pivotal data readout in both first half 2018 and second half 2018. 3. Quanta Services (PWR) and MasTec (MTZ) were upgraded to Buy from Neutral at Citi. 4. Howard Bancorp (HBMD) upgraded to Overweight from Equal Weight at Stephens with analyst Austin Nicholas saying the in-market acquisition of 1st Mariner strategically deploys Howard's excess capital, creating the #1 community bank in Baltimore. 5. Myriad Genetics (MYGN) upgraded to Hold from Sell at Deutsche Bank with analyst Dan Leonard saying the risk/reward is now balanced following the company's weaker than expected FY18 outlook. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/18/17
SBSH
12/18/17
NO CHANGE
Target $47
SBSH
Buy
Citi calls Quanta 'holiday treat for savvy investors'
Citi analyst Andrew Kaplowitz expects Quanta Services' 2018 to bring a continuation of rising backlog and revenue in both its Electric Power and Oil and Gas units as well as gradual normalization of margin toward margin targets. Further, the company should be a prime beneficiary of U.S. tax reform, Kaplowitz tells investors in a research note. Quanta had a good year in 2017, and 2018 is "poised to be better, and maybe a lot better," the analyst contends. As such, he thinks Quanta Services is a "holiday treat for savvy investors." Kaplowitz has a Buy rating on the shares with a $47 price target.
08/18/17
SBSH
08/18/17
UPGRADE
Target $40
SBSH
Buy
Quanta Services upgraded to Buy from Neutral at Citi
Citi analyst Andrew Kaplowitz upgraded Quanta Services to Buy saying visibility in the company's core electric power market and continued momentum in oil and gas pipelines is underappreciated. After traveling with management, the analyst sees improving growth prospects for Quanta. He lowered his price target for the shares to $40 from $43.
EXP Eagle Materials
$102.75

-3.83 (-3.59%)

07/31/17
STPT
07/31/17
UPGRADE
Target $115
STPT
Buy
Eagle Materials upgraded to Buy from Hold at Standpoint Research
Standpoint Research analyst Ronnie Moas upgraded Eagle Materials to Buy with a 2018-2019 price target of $115. Citi this morning also upgraded the shares to Buy. Moas cites valuation with the shares down 20% from their highs.
02/15/18
STFL
02/15/18
INITIATION
Target $130
STFL
Buy
Eagle Materials coverage transferred with a Buy at Stifel
Stifel analyst Stanley Elliott assumed coverage on Eagle Materials and maintained a Buy rating and established a $130 price target. Elliott believes favorable position Eagle well to capture momentum on accelerating residential/nonresidential construction, improving volumes, and better prices across wallboard and cement markets.
09/28/17
STPT
09/28/17
DOWNGRADE
STPT
Hold
Eagle Materials downgraded to Hold from Buy at Standpoint Research
09/28/17
STPT
09/28/17
DOWNGRADE
STPT
Hold
Eagle Materials downgraded to Hold on valuation at Standpoint Research
Standpoint Research analyst Ronnie Moas downgraded Eagle Materials to Hold from Buy saying the shares, $2 off an all-time high, are now fairly valued. The analyst recommends "gradually" selling into the construction and engineering sector rally post Hurricanes Harvey and Irma.
FLR Fluor
$57.63

-0.22 (-0.38%)

01/18/18
FBCO
01/18/18
UPGRADE
Target $71
FBCO
Outperform
Credit Suisse upgrades Fluor to Outperform with $71 price target
Credit Suisse analyst Jamie Cook upgraded Fluor to Outperform from Neutral and raised his price target for the shares to $71 from $43. The analyst says investors will gravitate back to Engineering & Construction stocks as fundamentals for the group are improving. Fluor will be the "go-to name," viewed as a higher quality bellwether with a diverse end market offering, Cook tells investors in a research note.
01/18/18
01/18/18
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. Walmart (WMT) upgraded to Conviction Buy from Neutral at Goldman Sachs with analyst Matthew Fassler saying selling consumables to middle-income consumers in small markets remains a compelling strategic position. 2. Hertz (HTZ) upgraded to Outperform from Neutral at Macquarie with analyst Hamzah Mazari saying he is more bullish on 2018 rental car pricing given fleet cutting by Enterprise, the positive impact on corporate travel from tax reform, and the potential US infrastructure bill creating excess demand. For Hertz specifically. 3. Alarm.com (ALRM) upgraded to Buy from Hold at Jefferies analyst John DiFucci saying Alarm.com is at the forefront of the trend towards connected homes and devices. 4. PPL Corp. (PPL) upgraded to Buy from Hold at Deutsche Bank with analyst Jonathan Arnold saying the current valuation is "too cheap to ignore," and U.K. energy regulator Ofgem failing to implement a mid-period review of RIIO-ED1 offers "decent prospects for a near-term re-rating catalyst." 5. Fluor (FLR) upgraded to Outperform from Neutral at Credit Suisse with analyst Jamie Cook saying investors will gravitate back to Engineering & Construction stocks as fundamentals for the group are improving. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/18/18
FBCO
01/18/18
UPGRADE
FBCO
Outperform
Fluor upgraded to Outperform from Neutral at Credit Suisse
01/03/18
BARD
01/03/18
UPGRADE
Target $61
BARD
Outperform
Fluor upgraded to Outperform at Baird
As reported previously, Baird analyst Andrew Wittmann upgraded Fluor to Outperform from Neutral citing better fundamentals, strengthening end-markets, and a bottom in commodity investment. Wittmann raised his price target to $61 from $48 on Fluor shares.
USCR U.S. Concrete
$78.00

-1.4 (-1.76%)

08/09/17
SBSH
08/09/17
NO CHANGE
Target $92
SBSH
Buy
U.S. Concrete price target raised to $92 from $80 at Citi
Citi analyst Scott Schrier raised his price target for U.S. Concrete to $92 saying the company posted "another good quarter" with 8% organic volume growth. The analyst keeps a Buy rating on the shares.
06/21/17
RHCO
06/21/17
NO CHANGE
RHCO
U.S. Concrete EPS 'on track to double,' says SunTrust
SunTrust analyst Rohit Seth says that U.S. Concrete's EPS is 'on track to (at least) double over the next two years." Seth expects the company's Q2 results to beat expectations. The analyst calls the stock's valuation attractive and labels the shares "a compelling Buy."
12/04/17
DADA
12/04/17
NO CHANGE
Target $105
DADA
Buy
U.S. Concrete price target raised to $105 from $95 at DA Davidson
DA Davidson analyst Brent Thielman raised his price target on U.S. Concrete, citing expectations of a volume ramp in 2018 and the prospects of the company's recent Polaris transaction which offers about 50% of concrete aggregates market share in San Francisco area. Thielman notes that earnings will grow another 32%-41% over the next two years, keeping his Buy rating on U.S. Concrete.
05/05/17
DADA
05/05/17
NO CHANGE
DADA
U.S. Concrete reported 'blowout results,' says DA Davidson
DA Davidson analyst Brent Thielman says that U.S. Concrete reported "blowout" results. The analyst says that its "strategy of dominating share in local markets appears to be effective." He raised his price target on the stock to $85 from $80 and keeps a Buy rating on the shares.
ACM Aecom
$35.36

0.08 (0.23%)

01/03/18
BARD
01/03/18
UPGRADE
BARD
Outperform
Aecom upgraded to Outperform from Neutral at Baird
12/12/17
LEHM
12/12/17
INITIATION
Target $34
LEHM
Underweight
Aecom initiated with an Underweight at Barclays
Barclays analyst Adam Seiden started Aecom with an Underweight rating and $34 price target.
02/07/18
DADA
02/07/18
NO CHANGE
Target $40
DADA
Neutral
Aecom price target raised to $40 from $37 at DA Davidson
DA Davidson analyst Brent Thielman raised his price target on Aecom to $40 after a Q1 earnings beat, citing the company's 8% organic revenue growth and 11% rise in backlog. Thielman believes that growth rates can track ahead of Aecom's 5-year targets in the next two quarters based on the burn rates and bookings, though some potential deceleration could happen from the gridlock in the federal government. The analyst keeps his Neutral rating on Aecom.
01/03/18
BARD
01/03/18
UPGRADE
Target $45
BARD
Outperform
Aecom upgraded to Outperform at Baird
As reported previously, Baird analyst Andrew Wittmann upgraded Aecom to Outperform from Neutral citing better fundamentals, strengthening end-markets, and a bottom in commodity investment. Wittmann raised his price target to $45 from $40 on Aecom shares.
CBI CB&I
$18.71

0.04 (0.21%)

12/20/17
MSCO
12/20/17
NO CHANGE
MSCO
Underweight
McDermott may have hard time recognizing CB&I synergies, says Morgan Stanley
Morgan Stanley analyst Ole Slorer said he sees room for concern over McDermott's (MDR) deal to combine in an all-stock transaction with CB&I (CBI). McDermott's "pristine" balance sheet and improved execution could be hurt by CBI's recent execution challenges and "higher than optimal" debt, while synergies from the merger may be difficult to realize, contends Slorer, who keeps an Underweight rating on McDermott shares.
12/19/17
MACQ
12/19/17
UPGRADE
MACQ
Neutral
CB&I upgraded to Neutral from Underperform at Macquarie
CBI (CBI) is being acquired by McDermott International (MDR).
01/24/18
KEYB
01/24/18
UPGRADE
Target $14
KEYB
Overweight
McDermott upgraded to Overweight with $14 target at KeyBanc
KeyBanc analyst Tahira Afzal upgraded McDermott (MDR) to Overweight from Sector Weight with a $14 price target. The analyst expects a "step-up in execution" at CB&I (CBI) following the merger and has confidence in a sustained improvement in the energy macro environment. He believes the deal will create value.
12/19/17
DADA
12/19/17
DOWNGRADE
Target $19
DADA
Neutral
CB&I downgraded to Neutral from Buy at DA Davidson
DA Davidson analyst Brent Thielman downgraded CB&I (CBI) to Neutral from Buy and lowered his price target to $19 from $25 after the company entered into a merger agreement with McDermott International (MDR). Thielman says that CB&I's execution challenges reduce the likelihood of a competitive bid, adding that he expects the deal to pass regulatory requirements.
GVA Granite Construction
$60.36

2.69 (4.66%)

10/30/17
DADA
10/30/17
NO CHANGE
Target $65
DADA
Neutral
Granite Construction price target raised to $65 from $58 at DA Davidson
DA Davidson analyst Brent Thielman raised his price target on Granite Construction to $65 following Q3 results that showed a new record backlog thanks to significant bookings in the Large Project segment. Thielman says investment in California transportation remains a key theme for the company, anticipating a "more meaningful spend to come in 2018 and beyond" that will translate into a key driver of earnings growth. The analyst maintains a Neutral rating on Granite Construction.
06/14/17
ADAM
06/14/17
NO CHANGE
Target $70
ADAM
Buy
Granite Construction positioned for growth as spending increases, says Canaccord
Canaccord analyst Bobby Burleson said Granite Construction is well positioned for growth as he believes the volume of infrastructure projects will increase substantially over the next few years. The analyst sees increased spending plans at the state and local levels and said a Trump infrastructure plan would be incremental to an already positive story. Burleson reiterated his Buy rating and $70 price target on Granite Construction shares.
10/11/17
GHSC
10/11/17
DOWNGRADE
GHSC
Neutral
Granite Construction downgraded to Neutral from Buy at Seaport Global
Seaport Global analyst assumed coverage on Granite Construction with a Neutral rating from a Buy and a $64 price target. The analyst would like to see improved execution before becoming more constructive on shares.
01/18/18
COWN
01/18/18
NO CHANGE
Target $85
COWN
Outperform
Granite Construction price target raised to $85 from $70 at Cowen
Cowen analyst Joseph Giordano raised his price target on Granite Construction to $85 from $70 citing its decline in tax rate, backlog at record highs, federal infrastructure spending on the agenda, and recent state and local funding initiatives. The analyst did note that a recent contract win from its biggest customer, the California State DOT, is being set up for an appeal by voters. If defeated, this could then provide a headwind for the company, said Giordano, who reiterated his Outperform rating on Granite Construction shares.
CAT Caterpillar
$156.29

-3.69 (-2.31%)

02/01/18
ARGS
02/01/18
NO CHANGE
Target $185
ARGS
Buy
Caterpillar price target raised to $185 from $155 at Argus
Argus analyst John Eade raised his price target on Caterpillar to $185 and kept his Buy rating, saying the management was optimistic about the outlook in its latest earnings report. Eade raises his FY18 EPS target to $9.20 from $8.30, forecasts more growth in FY19, and adds that shares continue to offer value despite the recent advance in the stock price. The analyst believes that various commodity and currency trends are turning in the company's favor, just as the management takes steps to aggressively reduce costs.
01/23/18
01/23/18
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. Dollar General (DG) upgraded to Outperform from Underperform at Wells Fargo with analyst Edward Kelly saying performance at the company has improved recently, and the momentum should accelerate in 2018. 2. Dick's Sporting (DKS) upgraded to Positive from Neutral at Susquehanna with analyst Sam Poser saying he believes earnings results should surprise to the upside given a low bar and weather that was not as bad as expected, which drove better sales trends. 3. Caterpillar (CAT) upgraded to Buy from Neutral at Seaport Global with analyst Michael Shlisky citing fourth quarter dealer checks and discussions with the company and competitors. 4. ResMed (RMD) upgraded to Hold from Underperform at Needham with analyst Mike Matson saying he now believes the company can sustain higher revenue growth over the next few years and is positioned to drive sustained operating leverage. 5. HP Enterprise (HPE) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Katy Huberty saying she believes that declines at the legacy Enterprise Group will moderate in 2018 and be offset by upward trending IT budgets and near-term growth from hyperconverged, flash and network security. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/15/18
UBSW
02/15/18
NO CHANGE
Target $190
UBSW
Buy
Competition analysis solidifies Caterpillar's market leadership, says UBS
UBS analyst Steven Fisher said an analysis of the construction equipment market shows that Caterpillar is by far the market leader. They have the highest capacity share, the best market quality, and low competitive overlap, said Fisher, who reiterated his Buy rating and $190 price target on Caterpillar shares.
01/25/18
PIPR
01/25/18
NO CHANGE
Target $49
PIPR
Overweight
Piper sees potential upside to Trimble's Q4 after Caterpillar sales
Piper Jaffray analyst Brett Wong says he continues to see strength in Trimble Navigation's (TRMB) key end markets. The company's joint venture partner Caterpillar (CAT) reported yesterday ongoing acceleration in construction equipment sales through the back-end of 2017, Wong tells investors in a research note. He believes this drives potential upside for Trimble's Q4. The analyst keeps a Buy rating on the shares with a $49 price target.
MLM Martin Marietta
$216.25

-6.34 (-2.85%)

02/13/18
RHCO
02/13/18
NO CHANGE
Target $245
RHCO
Buy
Martin Marietta price target raised to $245 from $228 at SunTrust
SunTrust analyst Rohit Seth raised his price target on Martin Marietta to $245 and kept his Buy rating ahead of the company's Q4 earnings. The analyst notes that the adverse weather impact will be balanced by the other favorable trends including industry cement shipments and accelerated construction employment in the company's footprint, along with lower than expected kiln costs.
11/03/17
DADA
11/03/17
NO CHANGE
Target $225
DADA
Neutral
Martin Marietta price target lowered to $225 from $235 at DA Davidson
DA Davidson Brent Thielman lowered his price target on Martin Marietta to $225 and kept his Neutral rating. Thielman says the company will need to show whether easy comps, stable weather and public sector momentum can carry the weight of mid-single digit volume growth guidance in FY18. While the analyst notes some improved activity in Texas and Iowa, he is reducing his price target based on stronger than anticipated challenges of the past year's second half.
12/12/17
LEHM
12/12/17
INITIATION
Target $227
LEHM
Equal Weight
Martin Marietta initiated with an Equal Weight at Barclays
Barclays analyst Adam Seiden started Martin Marietta with an Equal Weight rating and $227 price target.
01/17/18
JEFF
01/17/18
NO CHANGE
Target $110
JEFF
Buy
Jefferies names top 2018 picks in Building Products sector
With the U.S. economy strengthening, "big" benefits from tax cuts, and home ownership inflecting, fundamentals remain strong for the Building Products sector, Jefferies analyst Philip Ng tells investors in a research note. The analyst is focused on end markets that have lagged, names with pricing power, and good capital deployment stories. His top picks for 2018 are Owens Corning (OC), Martin Marietta (MLM), Mohawk Industries (MHK) and TopBuild (BLD). Ng raised his price target for Owens to $110, for Martin Marietta to $265, for Mohawk to $345 and for TopBuild to $89.
V Visa
$121.85

-0.43 (-0.35%)

02/05/18
BMOC
02/05/18
NO CHANGE
Target $148
BMOC
Outperform
Visa price target raised to $148 from $134 at BMO Capital
BMO Capital analyst Paulo Ribeiro raised his price target on Visa to $148, saying he is positive on the company's second-half of 2018 amid " strong underlying global payment trends and fundamentals". Ribeiro says investors were disappointed that the company maintained its FY18 outlook, but notes that the management chose to be cautious ahead of the "challenging" Q2. The analyst keeps his Outperform rating on Visa, forecasting potential second-half upside from "pricing, Incentives easing and lapping of tough comps".
02/02/18
LOOP
02/02/18
NO CHANGE
Target $142
LOOP
Buy
Visa price target raised to $142 from $123 at Loop Capital
Loop Capital analyst Joseph Vafi raised his price target on Visa to $142, saying the investment case for the company is "shining brightly". Vafi says Visa is "one of the best ways to play ongoing global economic expansion, ongoing shifts to electronic currencies, mobility, and ecommerce", keeping his Buy rating on the stock.
01/25/18
MSCO
01/25/18
NO CHANGE
MSCO
Overweight
Visa, MasterCard targets raised on strong holiday trends at Morgan Stanley
Morgan Stanley analyst James Faucette said key data points he tracks point to positive payment volume trends in the holiday season, which should support continued solid revenue and EPS growth for Visa (V) and MasterCard (MA). The analyst, who also raised his forecasts to incorporate tax reform benefits, increased his price target on MasterCard to $178 from $163 and raised his price target on Visa to $137 from $126. He keeps Overweight ratings on both payments processors.
02/02/18
CANT
02/02/18
NO CHANGE
Target $141
CANT
Overweight
Visa price target raised to $141 from $123 at Cantor Fitzgerald
Cantor Fitzgerald analyst Joseph Foresi raised his price target for Visa to $141 following the company's Q1 results. The analyst attributes the better than expected results to solid payments volume growth and keeps an Overweight rating on the shares. He remains attracted to Visa's "dominant position in the global card network market and its strong, recognizable international brand."
AA Alcoa
$47.36

-0.21 (-0.44%)

01/18/18
JPMS
01/18/18
NO CHANGE
Target $68
JPMS
Overweight
Alcoa price target raised to $68 from $55 at JPMorgan
JPMorgan analyst Michael Gambardella raised his price target for Alcoa to $68 following the company's Q4 results to reflect higher alumina and aluminum prices. The analyst notes, however, that higher raw material costs are acting as a partial offset. Alumina and aluminum prices will be supported by capacity cuts in China and Alcoa has "significant leverage" to these prices given its attractive cost structure, Gambardella tells investors in a post-earnings research note. He also thinks the stock could benefit from Alcoa potentially being added to the S&P 500 in the next few months. The analyst keeps an Overweight rating on the shares.
01/11/18
SBSH
01/11/18
NO CHANGE
Target $65
SBSH
Buy
Alcoa price target raised to $65 from $53 at Citi
Citi analyst Alexander Hacking raised his price target for Alcoa to $65 on the belief that "sustainably higher" aluminum prices, supported by the cost curve, will re-rate multiples higher. The analyst believes the stock looks inexpensive and he keeps a Buy rating on the shares.
12/20/17
FBCO
12/20/17
UPGRADE
Target $61
FBCO
Outperform
Credit Suisse upgrades Alcoa ahead of aluminum market tightening
Credit Suisse analyst Curt Woodworth upgraded Alcoa to Outperform from Neutral and raised his price target for the shares to $61 from $42. The aluminum market is set to tighten into 2018, as structural policies in China address captive coal plants and illegal smelters remain intact, Woodworth tells investors in a research note. The analyst sees downstream demand "sharply" recovering in Q1 of 2018 and views Alcoa's valuation as compelling at current levels. The company is set to become a capital return story with $525M of potential capital to be returned in 2018 via dividends or buybacks, Woodworth contends. Further, the analyst thinks Alcoa could be added to the S&P 500 index in 2018.
01/18/18
BOFA
01/18/18
NO CHANGE
Target $63
BOFA
Buy
Alcoa price target lowered to $63 from $67 at BofA/Merrill
BofA/Merrill analyst Timna Tanners lowered her price target for Alcoa to $63 from $67 following quarterly results. While the company reported above consensus 2018E EBITDA outlook, cost pressures dampened enthusiasm, the analyst notes. Nonetheless, Tanners reiterates a Buy rating on the shares given her above guidance EBITDA forecasts on a positive view on aluminum, and as she believes cash return to shareholders likely in H2 is a positive catalyst.
ARNC Arconic
$25.36

0.14 (0.56%)

08/22/17
LBOW
08/22/17
UPGRADE
LBOW
Buy
Arconic upgraded to Buy from Neutral at Longbow
01/04/18
WELS
01/04/18
INITIATION
Target $35
WELS
Outperform
Arconic initiated with an Outperform at Wells Fargo
Wells Fargo analyst Sam Pearlstein started Arconic with an Outperform rating and $35 price target. The company's moderated spending in 2018 will lead to higher free cash flow while getting margins closer to peers should drive stronger earnings growth, the analyst contends.
10/24/17
MSCO
10/24/17
NO CHANGE
Target $27
MSCO
Equal Weight
Arconic selloff yesterday 'somewhat extreme,' says Morgan Stanley
Morgan Stanley analyst Rajeev Lalwani believes yesterday's selloff in Arconic (ARNC) was "somewhat extreme" given that the company maintained its earnings outlook and announced the "constructive" CEO selection of former General Electric (GE) executive Chip Blankenship. He attributes the slide to several factors, including a lack of a "big-name" CEO hire, aluminum pressures and a "sell the news" reaction. While he keeps an Equal Weight rating and $27 price target on Arconic, Lalwani said there may be a pathway to his hypothetical break-up value of $33 to the extent the new management focuses on streamlining.
10/24/17
DBAB
10/24/17
NO CHANGE
Target $31
DBAB
Buy
Arconic selloff yesterday looks overdone, says Deutsche Bank
Deutsche Bank analyst Jorge Beristain believes the selloff yesterday in shares of Arconic looks overdone. The company's Q3 results were largely in-line with our expectations, and management reiterated EBITDA and earnings guidance for 2017, Beristain tells investors in a research note. He sees "no structural difference" to Arconic's overall outlook and reiterates a Buy rating on the shares with a $31 price target.
CENX Century Aluminum
$24.12

1.85 (8.31%)

12/20/17
DBAB
12/20/17
DOWNGRADE
Target $14
DBAB
Hold
Century Aluminum downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Jeremy Kliewer downgraded Century Aluminum to Hold and cut his price target for the shares to $14 from $20. The analyst lowered his 2018 EBITDA estimate for the company by 15% to reflect higher anticipated carbon costs. He believes consensus estimates are yet yet to fully incorporate higher costs and may be overestimating 2018 results.
12/20/17
12/20/17
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. Jack in the Box (JACK) downgraded to Hold from Buy at Jefferies with analyst Alexander Slagle saying he sees limited visibility for "big upside" following the sale of Qdoba. 2. MercadoLibre (MELI) downgraded to Sell from Neutral at Citi with analyst Paola Mello saying while free shipping has helped the company sustain high growth rates in the past two quarters, competition should intensify in key markets like Brazil, Mexico and Chile, as bricks-and-mortar retailers like Via Varejo, Magazine Luiza, and Falabella start to launch their own marketplace platforms. 3. Navistar (NAV) downgraded to Hold from Buy at Gabelli with analyst Brian Sponheimer saying the quarter was "outstanding" but recommends taking a "pause" given commodity costs inflation, structural cost increases, lower growth projections, and fair valuation. 4. Spectra Energy Partners (SEP) downgraded to Equal Weight from Overweight at Barclays with analyst Christine Cho saying she sees limited visibility for organic growth opportunities. 5. Century Aluminum (CENX) downgraded to Hold from Buy at Deutsche Bank with analyst Jeremy Kliewer saying he believes consensus estimates are yet yet to fully incorporate higher costs and may be overestimating 2018 results. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/17/17
DBAB
10/17/17
UPGRADE
Target $20
DBAB
Buy
Century Aluminum upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Jorge Beristain upgraded Century Aluminum to Buy citing valuation following the recent correction in the shares. The analyst keeps a $20 price target on the stock.
10/30/17
JPMS
10/30/17
DOWNGRADE
Target $14.5
JPMS
Neutral
Century Aluminum downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Michael Gambardella downgraded Century Aluminum to Neutral to reflect anticipated cost headwinds from higher alumina prices. The analyst expects a "significant margin squeeze" in Q1 of 2018 and lowered his price target for the shares to $14.50 from $22.
X U.S. Steel
$44.75

5.76 (14.77%)

01/30/18
VERF
01/30/18
INITIATION
Target $25
VERF
Negative
U.S. Steel initiated with a Sell at Vertical Group
Vertical Group analyst Gordon Johnson initiated U.S. Steel with a Sell rating and $25 price target.
01/30/18
01/30/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Altair (ALTR) initiated with a Buy at Berenberg. 2. Chemours (CC), Tronox (TROX) and Venator Materials (VNTR) initiated with an Equal Weight at Morgan Stanley. 3. Oclaro (OCLR), Lumentum (LITE) and Acacia Communications (ACIA) initiated with a Buy at Loop Capital. 4. Rocket Pharmaceuticals (RCKT) initiated with an Outperform at Evercore ISI. 5. U.S. Steel (X) initiated with a Sell at Vertical Group. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
02/02/18
BMOC
02/02/18
NO CHANGE
Target $40
BMOC
Market Perform
U.S. Steel price target raised to $40 from $33 at BMO Capital
BMO Capital analyst David Gagliano raised his price target on U.S. Steel to $40 after Q4 earnings, citing expectations of higher underlying prices. The analyst notes however that shares are near their fair value, keeping his Market Perform rating, also adding that there is limited potential for incremental EBITDA upside this year.
01/30/18
FBCO
01/30/18
NO CHANGE
Target $48
FBCO
Outperform
U.S. Steel price target raised to $48 from $34 at Credit Suisse
Credit Suisse analyst Curt Woodworth raised his price target for U.S. Steel to $48 from $34 saying he believes the setup into earnings is constructive, as the company is likely to provide EBITDA guidance well above consensus forecasts of $1.4B. The analyst reiterates an Outperform rating on the shares.
STLD Steel Dynamics
$49.40

2.26 (4.79%)

01/24/18
COWN
01/24/18
NO CHANGE
Target $60
COWN
Outperform
Steel Dynamics balance sheet optionality underappreciated, says Cowen
Cowen analyst Novid Rassouli noted Steel Dynamics reported strong Q2 results and he expects margins to expand on stable scrap and rising steel prices. He views the company as a compelling investment given the balance sheet optionality, strong free cash flow generation, and consensus estimates that will need to move higher. Rassouli reiterated his Outperform rating and raised his price target to $60 from $53 on Steel Dynamics shares.
01/24/18
FBCO
01/24/18
NO CHANGE
Target $53
FBCO
Outperform
Steel Dynamics price target raised to $53 from $43 at Credit Suisse
Credit Suisse analyst Curt Woodworth raised his price target for Steel Dynamics to $53 from $43 on valuation and to reflect lower tax rate and higher metal spreads. The analyst reiterates an Outperform rating on the shares.
02/05/18
COWN
02/05/18
NO CHANGE
Target $60
COWN
Outperform
Steel Dynamics outlook remains bright, says Cowen
Cowen analyst Novid Rassouli met with Steel Dynamics management and is now more confident in the company's outlook. He believes the company is well positioned from the standpoint of both industry dynamics and the potential for an opportunistic acquisition during the year. Rassouli reiterated his Outperform rating and $60 price target on Steel Dynamics shares.
01/24/18
BMOC
01/24/18
NO CHANGE
Target $55
BMOC
Outperform
Steel Dynamics price target raised to $55 from $44 at BMO Capital
BMO Capital analyst David Gagliano raised his price target on Steel Dynamics to $55 and kept his Outperform rating after a Q4 earnings beat. The analyst says the company remains "well positioned to deliver meaningfully improved operating results, as well as benefit from the recent strength in underlying prices and fundamentals". Gagliano says Steel Dynamics remains "reasonably valued" in the context of his positive view on U.S. steel producers.
AKS AK Steel
$5.96

0.72 (13.74%)

01/09/18
01/09/18
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. Under Armour (UA, UAA) downgraded to Negative from Neutral at Susquehanna with analyst Sam Poser saying the fundamental outlook has not improved since its weak print back in October and he believes the company's brand will continue to weaken before it is clear if it can survive. 2. Principal Financial (PFG) downgraded to Market Perform from Outperform at Wells Fargo with analyst Sean Dargan saying he now prefers Voya Financial (VOYA). 3. AK Steel (AKS) downgraded to Hold from Buy at Jefferies with analyst Seth Rosenfeld saying the company's leverage to the current U.S. steel industry up-cycle "may continue to underwhelm." 4. Fortinet (FTNT) downgraded to Equal Weight from Overweight at Barclays with analyst Saket Kalia citing the slowing of aggregate firewall product revenue growth across the industry. 5. Barracuda (CUDA) downgraded to Neutral from Outperform at Baird with analyst Jayson Noland citing the lack of a higher bidder to top Thoma Bravo's previously announced offer of $27.55 per share. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/31/18
BOFA
01/31/18
DOWNGRADE
BOFA
Underperform
AK Steel downgraded to Underperform from Buy at BofA/Merrill
01/31/18
01/31/18
DOWNGRADE
Target $5.5

Underperform
AK Steel downgraded to Underperform limited steel leverage at BofA/Merrill
As previously reported, BofA/Merrill downgraded AK Steel to Underperform from Buy and cut its price target to $5.50 from $8. Analyst Timna Tanners said AK Steel's "disappointing" Q1 and normalized earnings guidance is due to management's "commodity neutral approach," which limits benefits from higher steel prices. Tanners said higher costs will likely limit margin expansion and is more cautious on on AK Steel's key automotive end market and free cash flow outlook given high debt levels.
01/31/18
01/31/18
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. Apple (AAPL) downgraded to Market Perform from Outperform at BMO Capital with analyst Tim Long saying that while the press has recently speculated about the order cuts for iPhone X, which he says reflects his first quarter model for a "weaker mix," he is "more concerned by a secular change" for the iPhone product. AK Steel (AKS) downgraded to Underperform from Buy at BofA/Merrill with analyst Timna Tanners saying AK Steel's "disappointing" first quarter and normalized earnings guidance is due to management's "commodity neutral approach," which limits benefits from higher steel prices. 3. U.S. Bancorp (USB) downgraded to Underweight from Neutral at JPMorgan with analyst Vivek Juneja saying the benefit from tax cuts and improving consumer spending are likely to be offset by increased tech spending. 4. Wayfair (W) downgraded to Accumulate from Buy at Gordon Haskett analyst Chuck Grom saying he believes it is important to remain disciplined with the stock at an all-time high, though Grom notes the rating change should not be interpreted as a concern for near-term sales trends, which he believes appear strong. 5. MetLife (MET) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Alex Scott citing ongoing uncertainty from an expanded reserve review following the announcement it will incur a $525M-$575M charge. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
CLF Cleveland-Cliffs
$7.92

0.55 (7.46%)

02/07/18
FBCO
02/07/18
UPGRADE
Target $9
FBCO
Outperform
Credit Suisse double upgrades Cleveland-Cliffs to Outperform with $9 target
Credit Suisse analyst Curt Woodworth double upgraded Cleveland-Cliffs to Outperform from Underperform and raised his price target for the shares to $9 from $5. The analyst expects hot-rolled coil steel prices to "remain strong" in 2018. He also sees tax reform driving $250M in cash refunds through 2022 and the company's HBI project as "very accretive to equity value."
01/19/18
VERF
01/19/18
INITIATION
VERF
Sell
Cleveland-Cliffs initiated with a Sell at Vertical Group
Vertical Group analyst Gordon Johnson started Cleveland-Cliffs with a Sell rating saying "trouble" is brewing in the world's most important steel market, China. Cleveland-Cliffs shares will likely see a "sharp correction" over the next four months, Johnson tells investors in a research note.
02/07/18
FBCO
02/07/18
UPGRADE
FBCO
Outperform
Cleveland-Cliffs upgraded to Outperform from Underperform at Credit Suisse
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.
NUE Nucor
$68.54

2.96 (4.51%)

01/31/18
BMOC
01/31/18
NO CHANGE
Target $72
BMOC
Market Perform
Nucor price target raised to $72 from $62 at BMO Capital
BMO Capital analyst David Gagliano raised his price target on Nucor to $72 after the company's Q4 earnings showed "higher realized price and margin assumptions for FY18/19" amid the ongoing improvements in fundamentals. The analyst keeps his Market Perform rating, adding that despite the expected benefits from pricing and free cash flow trends, the valuation is approaching the "higher end of fair value range".
01/08/18
BOFA
01/08/18
NO CHANGE
Target $75
BOFA
Buy
Nucor price target raised to $75 from $67 at BofA/Merrill
BofA/Merrill analyst Timna Tanners raised her price target for Nucor to $75 from $67 as she believes U.S. benchmark steel prices will surge past $700 as 2018 starts with a bang. The analyst reiterates a Buy rating on the shares.
01/31/18
FBCO
01/31/18
NO CHANGE
Target $73
FBCO
Outperform
Nucor price target raised to $73 form $67 at Credit Suisse
Credit Suisse analyst Curt Woodworth raised his price target for Nucor to $73 from $67 saying he views the company's earnings release as positive since it slightly exceeded Nucor's preannounced guidance and set a positive tone moving forward, despite some seasonal softness. The analyst reiterates an Outperform rating on the shares.
01/22/18
SBSH
01/22/18
UPGRADE
Target $43
SBSH
Neutral
U.S. Steel upgraded to Neutral from Sell at Citi
Citi analyst Alexander Hacking upgraded U.S. Steel to Neutral and raised his price target for the shares to $43 from $22. The analyst sees steel prices better supported near-term and increased his EBITDA estimates. Expectations for longer term "normalized" earnings should improve to justify current valuation levels, Hacking tells investors in a research note on the Steel sector. His top picks remain Steel Dynamics (STLD), Nucor (NUE) and Commercial Metals (CMC). The analyst raised his price targets for those stocks to $54 from $42, $79 from $66 and $29 from $21, respectively.
MT ArcelorMittal
$36.48

1.19 (3.37%)

01/26/18
JPMS
01/26/18
INITIATION
JPMS
Overweight
ArcelorMittal reinstated with an Overweight at JPMorgan
JPMorgan analyst Fraser Jamieson reinstated coverage of ArcelorMittal with an Overweight rating with a price target of EUR 36. The analyst calls the company his "clear top pick" across the carbon sub-sector.
01/10/18
BOFA
01/10/18
UPGRADE
BOFA
Neutral
ArcelorMittal upgraded to Neutral from Underperform at BofA/Merrill
BofA/Merrill analyst Cedar Ekblom upgraded ArcelorMittal to Neutral due to higher free cash flow forecasts given increased European and US steel price forecasts.
12/29/17
JEFF
12/29/17
NO CHANGE
JEFF
Jefferies positive on U.S. steelmakers after talking to recyclers
Jefferies analyst Seth Rosenfeld says recyclers he contacted this week expect January scrap prices to move up $20-$30 per ton sequentially on average. Recyclers pointed to three key factors driving prices: robust export demand, frigid weather adversely impacting inbound flows and improved domestic demand post the holiday lull, Rosenfeld tells investors in a research note. With sentiment remaining positive into the new year, the analyst finds it probable that flat rolled producers will introduce an incremental price hike to expand metal spreads post January's scrap settlement. He remains positive on U.S. steelmakers, specifically his top picks Steel Dynamics (STLD), U.S. Steel (X), Nucor (NUE), ArcelorMittal (MT) and Commercial Metals (CMC).
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).
TKR Timken
$45.00

-0.08 (-0.18%)

08/07/17
GSCO
08/07/17
DOWNGRADE
Target $51
GSCO
Buy
Timken downgraded to Buy from Conviction Buy at Goldman Sachs
Goldman Sachs analyst Samuel Eisner removed Timken from the Conviction Buy List after Q2 operating leverage missed his expectations and reduced his confidence. The analyst said he underestimated incentive comp and increased costs associated with accelerated sales growth but remains Buy rated on upside to valuation given his forecast for higher CoC earnings.
01/18/18
JEFF
01/18/18
UPGRADE
Target $63
JEFF
Buy
Timken upgraded to Buy from Hold at Jefferies
Jefferies analyst Stephen Volkman upgraded Timken to Buy and raised his price target for the shares to $63 from $50. The analyst's analysis suggests the "modest" mid-single digit organic growth being baked into 2018 consensus estimates for the company is conservative. Most of Timken's end markets continue to trend positively, even rail, which has been a drag through 2017, Volkman tells investors in a research note.
01/02/18
LBOW
01/02/18
UPGRADE
LBOW
Buy
Timken upgraded to Buy from Neutral at Longbow

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SPY

SPDR S&P 500 ETF Trust

$279.71

-0.24 (-0.09%)

, USO

United States Oil Fund

$14.15

0.025 (0.18%)

17:04
07/20/18
07/20
17:04
07/20/18
17:04
General news
Weekly CFTC Commitment of Traders highlights »

S&P500 net long 5.5K…

SPY

SPDR S&P 500 ETF Trust

$279.71

-0.24 (-0.09%)

USO

United States Oil Fund

$14.15

0.025 (0.18%)

GLD

SPDR Gold Trust

$116.56

0.74 (0.64%)

FXE

Euro Currency Trust

$112.46

0.83 (0.74%)

FXC

CurrencyShares Canadian Dollar Trust

$75.17

0.81 (1.09%)

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CZWI

Citizens Community Bancorp

$14.15

(0.00%)

17:02
07/20/18
07/20
17:02
07/20/18
17:02
Syndicate
Breaking Syndicate news story on Citizens Community Bancorp »

Citizens Community…

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PKD

Parker Drilling

$0.30

-0.0044 (-1.46%)

17:01
07/20/18
07/20
17:01
07/20/18
17:01
Hot Stocks
Breaking Hot Stocks news story on Parker Drilling »

Whitebox Advisors reports…

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  • 02

    Aug

RSLS

ReShape Lifesciences

$1.47

-0.02 (-1.34%)

17:00
07/20/18
07/20
17:00
07/20/18
17:00
Hot Stocks
Breaking Hot Stocks news story on ReShape Lifesciences  »

Intracoastal Capital…

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BOX

Box

$26.13

-0.26 (-0.99%)

16:57
07/20/18
07/20
16:57
07/20/18
16:57
Initiation
Box initiated at First Analysis »

Box initiated with an…

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ALDX

Aldeyra

$7.95

-0.15 (-1.85%)

16:53
07/20/18
07/20
16:53
07/20/18
16:53
Syndicate
Breaking Syndicate news story on Aldeyra »

Aldeyra files $250M mixed…

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GLRE

Greenlight Capital Re

$14.00

-0.15 (-1.06%)

16:46
07/20/18
07/20
16:46
07/20/18
16:46
Hot Stocks
Greenlight Capital Re announces departure of COO »

Greenlight Capital Ry…

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RVI

Retail Value

$34.56

0.2 (0.58%)

16:38
07/20/18
07/20
16:38
07/20/18
16:38
Hot Stocks
Breaking Hot Stocks news story on Retail Value »

Luxor Capital reports…

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LECO

Lincoln Electric

$92.26

0.64 (0.70%)

, ROK

Rockwell Automation

$171.32

-0.71 (-0.41%)

16:35
07/20/18
07/20
16:35
07/20/18
16:35
Hot Stocks
Lincoln Electric expands board to 11 directors, appoints Patrick Goris to board »

Lincoln Electric (LECO)…

LECO

Lincoln Electric

$92.26

0.64 (0.70%)

ROK

Rockwell Automation

$171.32

-0.71 (-0.41%)

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  • 23

    Jul

  • 25

    Jul

KMX

CarMax

$77.15

-0.57 (-0.73%)

16:33
07/20/18
07/20
16:33
07/20/18
16:33
Hot Stocks
CarMax chairman sells 37,500 common shares »

In a regulatory filing,…

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LOW

Lowe's

$100.65

-0.74 (-0.73%)

16:31
07/20/18
07/20
16:31
07/20/18
16:31
Hot Stocks
Lowe's names Joseph McFarland as EVP of stores »

Lowe's Companies…

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16:30
07/20/18
07/20
16:30
07/20/18
16:30
Options
Preliminary option volume of 20.2M today »

Preliminary option volume…

PFE

Pfizer

$37.33

-0.03 (-0.08%)

16:26
07/20/18
07/20
16:26
07/20/18
16:26
Hot Stocks
FDA approves Pfizer's Biosimilar NIVESTYM for all indications »

Pfizer announced that the…

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  • 22

    Aug

  • 10

    Sep

JCP

J.C. Penney

$2.50

-0.065 (-2.53%)

16:23
07/20/18
07/20
16:23
07/20/18
16:23
Hot Stocks
J.C. Penney chief customer officer McFarland to leave company »

According to a regulatory…

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
07/20/18
07/20
16:20
07/20/18
16:20
Options
Closing CBOE SPX and VIX Index summary for July 20th »

The CBOE Volatility Index…

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ASFI

Asta Funding

$3.15

-0.1 (-3.08%)

16:18
07/20/18
07/20
16:18
07/20/18
16:18
Hot Stocks
Asta Funding receives Nasdaq non-compliance letter »

Asta Funding announced…

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
07/20/18
07/20
16:17
07/20/18
16:17
Technical Analysis
NASDAQ market internals summary »

Volume was average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
07/20/18
07/20
16:16
07/20/18
16:16
Technical Analysis
NYSE market internals summary »

Volume was average for…

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