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CMC

Commercial Metals

$23.71

-0.92 (-3.74%)

05:02
03/20/18
03/20
05:02
03/20/18
05:02

Commercial Metals initiated with a Sell at Goldman Sachs

Goldman Sachs analyst Matthew Korn started Commercial Metals with a Sell rating and $25 price target while rolling out coverage on the Americas Metals & Mining sector with an Attractive view.

CMC Commercial Metals
$23.71

-0.92 (-3.74%)

03/14/18
03/14/18
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. Sunoco (SUN) downgraded to Sell from Neutral at Goldman Sachs with analyst Jerren Holder saying he sees downside risk to consensus estimates serving as a headwind for the shares. 2. Inovalon (INOV) downgraded to Underweight from Equal Weight at Morgan Stanley analyst Ricky Goldwasser saying he believes a contract loss since September, ACA headwinds and the departure of the company's CFO could mean that a rebound may take longer than he expected with core growth slowing. 3. Commercial Metals (CMC) downgraded to Neutral from Buy at BofA/Merrill with analyst Timna Tanners thinks rising rebar margins are reflected in valuation and trimmed his multiple to reflect near-term "normal" steel prices. 4. Ultimate Software (ULTI) downgraded to Neutral from Outperform at Wedbush with analyst Steve Koenig saying the shares are appropriately benefiting from strong execution in a healthy demand environment, supported by the company's product and market leadership in North American payroll and mid-market HCM. 5. Cleveland-Cliffs (CLF) downgraded to Sell from Hold at Vertical Group. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/14/18
03/14/18
DOWNGRADE

Neutral
Commercial Metals downgraded to Neutral on valuation at BofA/Merrill
As previously reported, BofA/Merrill downgraded Commercial Metals to Neutral from Buy and maintained a $28 price target. Analyst Timna Tanners thinks rising rebar margins are reflected in valuation and trimmed his multiple to reflect near-term "normal" steel prices.
03/14/18
BOFA
03/14/18
DOWNGRADE
BOFA
Neutral
Commercial Metals downgraded to Neutral from Buy at BofA/Merrill
03/09/18
JPMS
03/09/18
UPGRADE
Target $30
JPMS
Overweight
Commercial Metals upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Michael Gambardella upgraded Commercial Metals (CMC) to Overweight and raised his price target for the shares to $30 from $24 to reflect his expectation for higher steel prices. Tariffs from the 232 ruling and consolidation in the rebar market should lead to higher rebar prices, Gambardella tells investors in a research note. The analyst is also "doubling down" on U.S. Steel (X) and boosted his price target for the shares to $69.

TODAY'S FREE FLY STORIES

ZS

Zscaler

$41.10

1.38 (3.47%)

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Zscaler analyst commentary  »

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TSRO

Tesaro

$40.55

-4.34 (-9.67%)

, QEP

QEP Resources

$12.09

-0.67 (-5.25%)

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Options
Unusual put flow in option market yesterday »

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TSRO

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$40.55

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QEP

QEP Resources

$12.09

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HUBG

Hub Group

$49.10

-1.85 (-3.63%)

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  • 26

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  • 19

    Aug

RPM

RPM

$60.00

-0.54 (-0.89%)

07:27
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07:27
Downgrade
RPM rating change  »

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  • 19

    Jul

OSUR

OraSure

$16.28

-1.04 (-6.00%)

07:27
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07/17
07:27
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  • 18

    Jul

  • 08

    Aug

NFLX

Netflix

$400.24

4.32 (1.09%)

07:26
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Netflix analyst commentary  »

Canaccord views Netflix…

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ECOR

ElectroCore

$14.49

-0.51 (-3.40%)

07:25
07/17/18
07/17
07:25
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Initiation
ElectroCore initiated  »

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FTI

TechnipFMC

$30.58

-0.36 (-1.16%)

07:24
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Initiation
TechnipFMC initiated  »

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  • 26

    Jul

QTS

QTS Realty Trust

$40.90

-0.05 (-0.12%)

07:23
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07/17
07:23
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Initiation
QTS Realty Trust initiated  »

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  • 26

    Jul

BA

Boeing

$356.01

5.2 (1.48%)

07:22
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07/17
07:22
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07:22
Hot Stocks
Boeing signs integrated services agreement with Blackshape »

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  • 25

    Jul

NFLX

Netflix

$400.24

4.32 (1.09%)

07:22
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07/17
07:22
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07:22
Recommendations
Netflix analyst commentary  »

Oppenheimer remains…

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NFLX

Netflix

$400.24

4.32 (1.09%)

07:22
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07/17
07:22
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07:22
Recommendations
Netflix analyst commentary  »

Netflix price target…

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INXN

Interxion

$64.05

0.77 (1.22%)

07:21
07/17/18
07/17
07:21
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07:21
Initiation
Interxion initiated  »

Interxion resumed with a…

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  • 02

    Aug

07:20
07/17/18
07/17
07:20
07/17/18
07:20
General news
FX Update: The Dollar remained on a softening tack »

FX Update: The Dollar…

BAESY

BAE Systems

$0.00

(0.00%)

07:19
07/17/18
07/17
07:19
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07:19
Periodicals
BAE Systems wants international partners for UK fighter project, Reuters says »

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INAP

Internap

$11.31

-0.63 (-5.28%)

07:19
07/17/18
07/17
07:19
07/17/18
07:19
Initiation
Internap initiated  »

Internap resumed with a…

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V

Visa

$138.45

-0.91 (-0.65%)

, MA

MasterCard

$204.05

-1.86 (-0.90%)

07:19
07/17/18
07/17
07:19
07/17/18
07:19
Recommendations
Visa, MasterCard analyst commentary  »

Visa price target raised…

V

Visa

$138.45

-0.91 (-0.65%)

MA

MasterCard

$204.05

-1.86 (-0.90%)

03/08/13
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03/08/13
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  • 25

    Jul

  • 26

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FDC

First Data

$22.24

-0.06 (-0.27%)

07:19
07/17/18
07/17
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First Data analyst commentary  »

First Data price target…

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  • 30

    Jul

EQIX

Equinix

07:17
07/17/18
07/17
07:17
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07:17
Initiation
Equinix initiated  »

Equinix resumed with a…

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  • 05

    Aug

MA

MasterCard

$204.05

-1.86 (-0.90%)

07:17
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07/17
07:17
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07:17
Recommendations
MasterCard analyst commentary  »

MasterCard price target…

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  • 26

    Jul

AUTL

Autolus Therapeutics

$23.00

2.11 (10.10%)

07:16
07/17/18
07/17
07:16
07/17/18
07:16
Initiation
Autolus Therapeutics initiated  »

Autolus Therapeutics…

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AVT

Avnet

07:15
07/17/18
07/17
07:15
07/17/18
07:15
Initiation
Avnet initiated  »

Avnet initiated with a…

03/08/13
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ARW

Arrow Electronics

$77.09

-0.47 (-0.61%)

07:15
07/17/18
07/17
07:15
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Initiation
Arrow Electronics initiated  »

Arrow Electronics…

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QURE

uniQure

$35.08

-4.41 (-11.17%)

, PFE

Pfizer

$37.39

-0.14 (-0.37%)

07:15
07/17/18
07/17
07:15
07/17/18
07:15
Recommendations
uniQure, Pfizer analyst commentary  »

uniQure pullback on…

QURE

uniQure

$35.08

-4.41 (-11.17%)

PFE

Pfizer

$37.39

-0.14 (-0.37%)

03/08/13
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  • 22

    Aug

  • 10

    Sep

AMBA

Ambarella

$37.58

-0.32 (-0.84%)

07:14
07/17/18
07/17
07:14
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07:14
Initiation
Ambarella initiated  »

Ambarella initiated with…

03/08/13
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BF.B

Brown-Forman, also tag with BFA, BFB

$51.18

0.14 (0.27%)

, BFA

Brown-Forman, also tag with BF.A, BF.B

$0.00

(0.00%)

07:13
07/17/18
07/17
07:13
07/17/18
07:13
Upgrade
Brown-Forman, also tag with BFA, BFB, Brown-Forman, also tag with BF.A, BF.B, Brown-Forman, also tag with BF.A, BF.B rating change  »

Brown-Forman upgraded to…

BF.B

Brown-Forman, also tag with BFA, BFB

$51.18

0.14 (0.27%)

BFA

Brown-Forman, also tag with BF.A, BF.B

$0.00

(0.00%)

BFB

Brown-Forman, also tag with BF.A, BF.B

$0.00

(0.00%)

03/08/13
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03/06/13
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