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CNI

Canadian National

$83.21

2.42 (3.00%)

, FCX

Freeport McMoRan

$16.64

0.675 (4.23%)

04:55
05/17/18
05/17
04:55
05/17/18
04:55

BofA/Merrill to hold a conference

Global Metals, Steel & Mining Conference will be held in Miami on May 15-17.

CNI

Canadian National

$83.21

2.42 (3.00%)

FCX

Freeport McMoRan

$16.64

0.675 (4.23%)

TECK

Teck Resources

$28.72

0.605 (2.15%)

ABX

Barrick Gold

$13.21

0.04 (0.30%)

AA

Alcoa

$50.18

-0.27 (-0.54%)

FNV

Franco-Nevada

$71.03

-0.09 (-0.13%)

GFI

Gold Fields

$3.63

-0.055 (-1.49%)

CNI Canadian National
$83.21

2.42 (3.00%)

04/03/18
RAJA
04/03/18
UPGRADE
RAJA
Outperform
Canadian National upgraded to Outperform from Market Perform at Raymond James
05/14/18
GSCO
05/14/18
DOWNGRADE
Target $102
GSCO
Neutral
Canadian National downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Matt Reustle downgraded Canadian National to Neutral from Buy citing balanced risk/reward and raised its price target to $102 from $101.
05/01/18
CIBC
05/01/18
DOWNGRADE
CIBC
Neutral
Canadian National downgraded to Neutral from Outperformer at CIBC
05/15/18
COWN
05/15/18
NO CHANGE
Target $87
COWN
Outperform
Right time to buy Canadian National shares, says Cowen
Cowen analyst Jason Seidl said Canadian National is attacking their network service disruptions through track and yard expansion, new power, additional cars and more people. He believes the company remains well positioned to benefit from improving operations, a strong pricing environment, and solid demand backdrop, making it the right time to buy the shares. Seidl reiterated his Outperform rating and $87 price target on Canadian National.
FCX Freeport McMoRan
$16.64

0.675 (4.23%)

03/20/18
GSCO
03/20/18
INITIATION
Target $23
GSCO
Buy
Freeport McMoRan initiated with a Buy at Goldman Sachs
Goldman Sachs analyst Matthew Korn started Freeport McMoRan with a Buy rating and $23 price target while rolling out coverage on the Americas Metals & Mining sector with an Attractive view. The analyst sees shares in the space supported by high commodity prices, "more rational" supply dynamics and "healthier" balance sheets.
05/02/18
05/02/18
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. Juniper was (JNPR) upgraded to Buy from Neutral at BofA/Merrill and to Hold from Sell at Deutsche Bank. 2. Aetna (AET) upgraded to Overweight from Neutral at Cantor Fitzgerald with analyst Steven Halper saying he views the risk/reward on shares as "more compelling" following the company's first quarter results. 3. Freeport McMoRan (FCX) upgraded to Outperform from Neutral at CIBC with analyst Oscar Cabrera saying shares have dropped over 20% following the Q1 report, reflecting a worst-case scenario for the Indonesia scenario. 4. Shutterfly (SFLY) upgraded to Neutral from Sell at Goldman Sachs with analyst Christopher Merwin citing the better than expected Q1 report. 5. CommScope (COMM) upgraded to Outperform from Market Perform at Northland with analyst Tim Savageaux saying he believes the company's unique mix of exposure to Tier 1 carrier investment in both fiber optic and 4G/5G wireless infrastructure offers compelling value following the sharp pullback in shares after only a "fairly modest" cut to its EPS expectations. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/02/18
05/02/18
UPGRADE
Target $20

Outperformer
Freeport McMoRan upgraded to Outperformer at CIBC
As previously reported, CIBC upgraded Freeport McMoRan to Outperform from Neutral and a $20 price target. Analyst Oscar Cabrera said shares have dropped over 20% following the Q1 report, reflecting a worst-case scenario for the Indonesia scenario. Cabrera views Freeport as a best-in-class North American copper miner, but notes the market is ascribing zero value for Grasbern, and believes the rest of the portfolio could attract take-out valuations ranging between $20.64 and $25.50.
05/01/18
CIBC
05/01/18
UPGRADE
CIBC
Outperformer
Freeport McMoRan upgraded to Outperformer from Neutral at CIBC
TECK Teck Resources
$28.72

0.605 (2.15%)

03/20/18
GSCO
03/20/18
INITIATION
Target $31
GSCO
Neutral
Teck Resources initiated with a Neutral at Goldman Sachs
Goldman Sachs analyst Matthew Korn started Teck Resources with a Neutral rating and $31 price target while rolling out coverage on the Americas Metals & Mining sector with an Attractive view.
03/27/18
MACQ
03/27/18
UPGRADE
MACQ
Outperform
Teck Resources upgraded to Outperform from Neutral at Macquarie
03/27/18
MACQ
03/27/18
UPGRADE
MACQ
Outperform
Hudbay Minerals upgraded to Outperform from Neutral at Macquarie
As previously announced, Macquarie analyst Matt Murphy upgraded Hudbay Minerals (HBM) to Outperform from Neutral, telling investors in a research note that he likes the risk-reward right now. Murphy notes that Hudbay is "well down" from its January high due to "generally disappointing" 2018 guidance, and noted that investors have become "incrementally more negative" on the company's prospects for obtaining the Clean Water Act permit at Rosemont, which he says "poses an interesting catalyst," as Rosemont is an important project and Hudbay has claimed that all concerns have been dealt with. He does not believe permit approval is fully priced into the stock. This morning, Murphy also upgraded Teck Resources (TECK) to Outperform from Neutral.
03/27/18
MACQ
03/27/18
UPGRADE
MACQ
Teck Resources upgraded to Outperform from Neutral at Macquarie
As previously announced, Macquarie analyst Matt Murphy raised his rating on Teck Resources (TECK) to Outperform from Neutral. In a research note to investors, Murphy said the February 19 downgrade to Neutral was due to "insufficient" upside for an Outperform rating, noting that shares are off 11% since then and that met coal has retreated slightly from recent highs but is still at high levels and is likely to fall as demand for Chinese met coal falls, additional Chinese supply comes on and U.S. exports continue to rise. Teck is "unlikely" to revisit the bottom end of the range it traded in when copper was last at $3/lb. This morning, Murphy also upgraded Hudbay Minerals (HBM) to Outperform from Neutral.
ABX Barrick Gold
$13.21

0.04 (0.30%)

03/02/18
ARGS
03/02/18
DOWNGRADE
ARGS
Hold
Barrick Gold downgraded to Hold from Buy at Argus
As reported earlier, Argus analyst David Coleman downgraded Barrick Gold to Hold from Buy, stating that despite the sharp decline in the stock price this year, earnings are likely to remain flat or decline further in the coming quarters. Coleman points to the company's recent lower production forecast along with the likelihood of higher near term extraction costs, along with its ongoing tax dispute with the government of Tanzania where it operates the Acacia mines. In the long run, Coleman still expects Barrick Gold earnings to recover on "stable to modestly higher gold prices" and continued debt reduction efforts.
04/23/18
ADAM
04/23/18
DOWNGRADE
ADAM
Hold
Barrick Gold downgraded to Hold from Buy at Canaccord
03/12/18
RBCM
03/12/18
UPGRADE
RBCM
Outperform
Barrick Gold upgraded to Outperform from Sector Perform at RBC Capital
03/12/18
RBCM
03/12/18
UPGRADE
Target $16
RBCM
Outperform
Barrick Gold upgraded to Outperform at RBC Capital on 'relative value'
As reported earlier, RBC Capital analyst Stephen Walker upgraded Barrick Gold to Outperform from Sector Perform, saying the impact of the company's higher cost guidance has been priced in while the current valuation offers an attractive entry point. The analyst also sees the resolution of the Acacia mine dispute and production updates as potential near term catalysts. Walker trims his price target on Barrick Gold to $16 from $17.
AA Alcoa
$50.18

-0.27 (-0.54%)

04/24/18
04/24/18
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. Alcoa (AA) downgraded to Neutral from Buy at Citi with analyst Alexander Hacking saying the stock is up 60% year-over-year. 2. Dynagas LNG (DLNG) downgraded to Underperform from Market Perform at Wells Fargo with analyst Michael Webber saying another distribution cut is possible given expensive dropdowns from the company's private sponsor. 3. Skyworks (SWKS) downgraded to Neutral from Buy at Mizuho with analyst Vijay Rakesh saying the effects of a maturing handset cycle could start to impact the RF suppliers. 4. Prothena (PRTA) downgraded to Neutral from Buy at BTIG and to Perform from Outperform at Oppenheimer. 5. Donegal Group (DGICA) downgraded to Neutral from Outperform at Boenning & Scattergood. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/24/18
SBSH
04/24/18
DOWNGRADE
SBSH
Neutral
Citi downgrades Alcoa to Neutral with shares up 60% year-over-year
Citi analyst Alexander Hacking downgraded Alcoa to Neutral from Buy with an unchanged price target of $57. The stock is up 60% year-over-year, Hacking tells investors in a research note. The analyst attributes the rally to "quasi-temporary factors," namely the Alunorte outage, 232 tariffs, Russia sanctions and U.S. trucking constraints. He expects these to moderate over the next 12 months. Further, Citi forecasts lower prices of $2,200 aluminum and $400/ton alumina in 2018, and Alcoa is fairly valued on this deck, Hacking writes.
05/02/18
JEFF
05/02/18
INITIATION
Target $65
JEFF
Buy
Alcoa initiated with a Buy at Jefferies
Jefferies analyst Chris LaFemina started Alcoa with a Buy rating and $65 price target. The analyst sees free cash flow growth, balance sheet improvements and predictable capital returns driving a higher valuation for the shares. He views the stock as undervalued at current levels.
05/02/18
05/02/18
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. Alcoa (AA) initiated with a Buy at Jefferies. 2. Spotify (SPOT) initiated with a Buy at SunTrust. 3. Skyworks (SWKS) initiated with an Outperform at Baird. 4. Mallinckrodt (MNK) initiated with a Neutral at B. Riley FBR. 5. CatchMark Timber (CTT) initiated with a Sector Perform at RBC Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
FNV Franco-Nevada
$71.03

-0.09 (-0.13%)

09/25/17
FBCO
09/25/17
DOWNGRADE
Target $80
FBCO
Neutral
Franco-Nevada downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse analyst Anita Soni downgraded to Neutral from Outperform as she believes the upside has been priced in. The analyst also raised her price target on the shares to $80 from $78.
GFI Gold Fields
$3.63

-0.055 (-1.49%)

04/13/18
04/13/18
UPGRADE
Target $4.98

Buy
Gold Fields upgraded to Buy on capital allocation at BofA/Merrill
As previously reported, BofA/Merrill analyst Cedar Ekblom upgraded Gold Fields two notches to Buy from Underperform with a $4.98 price target. Ekblom believes management is demonstrating a more prudent and successful approach to capital allocation and expects solid free-cash-flow redeployment that will be used to lower costs and add ounces.
04/26/18
MACQ
04/26/18
DOWNGRADE
MACQ
Neutral
Gold Fields downgraded to Neutral from Outperform at Macquarie
04/13/18
BOFA
04/13/18
UPGRADE
BOFA
Buy
Gold Fields upgraded to Buy from Underperform at BofA/Merrill
04/11/18
DBAB
04/11/18
DOWNGRADE
DBAB
Sell
Harmony Gold downgraded to Sell from Hold at Deutsche Bank
Deutsche Bank analyst Patrick Mann downgraded Harmony Gold (HMY) to Sell citing the recent rally in the shares. He lowered his price target for the shares to R18ps from R21ps. The analyst believes the mostly debt funded acquisition of Moab Khotsong and a 7% lower Rand-Gold price compared to 12 months ago creates downside risk for the shares. Mann is neutral on the sector but continues to favor "geographically diversified" producers AngloGold (AU) and Gold Fields (GFI).

TODAY'S FREE FLY STORIES

TJX

TJX

$105.94

4.26 (4.19%)

11:19
08/21/18
08/21
11:19
08/21/18
11:19
Earnings
TJX raises FY19 revenue view to $38.2B-$38.4B from $37.7B-$37.9B, consensus $38B »

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TOL

Toll Brothers

$38.82

4.1 (11.81%)

11:18
08/21/18
08/21
11:18
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11:18
Hot Stocks
Breaking Hot Stocks news story on Toll Brothers »

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STLR

Stellar Acquisition III

$10.50

(0.00%)

11:17
08/21/18
08/21
11:17
08/21/18
11:17
Conference/Events
Stellar Acquisition III to host special shareholder meeting »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
08/21/18
08/21
11:17
08/21/18
11:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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TOL

Toll Brothers

$39.13

4.41 (12.70%)

11:16
08/21/18
08/21
11:16
08/21/18
11:16
Hot Stocks
Breaking Hot Stocks news story on Toll Brothers »

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  • 21

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
08/21/18
08/21
11:16
08/21/18
11:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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03/06/13
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03/06/13
Barclays

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11:15
08/21/18
08/21
11:15
08/21/18
11:15
General news
Breaking General news story  »

Week of 8/21 4-Week Bill…

DISCA

Discovery

$28.83

0.91 (3.26%)

, AAPL

Apple

$214.78

-0.7 (-0.32%)

11:13
08/21/18
08/21
11:13
08/21/18
11:13
Recommendations
Fly Intel: Today's top analyst calls on Wall Street »

Check out today's…

DISCA

Discovery

$28.83

0.91 (3.26%)

AAPL

Apple

$214.78

-0.7 (-0.32%)

MSG

Madison Square Garden

$301.39

4.17 (1.40%)

MSGN

MSG Networks

$25.15

0.3 (1.21%)

TSLA

Tesla

$319.25

10.75 (3.48%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 29

    Oct

TOL

Toll Brothers

$39.20

4.48 (12.90%)

11:13
08/21/18
08/21
11:13
08/21/18
11:13
Hot Stocks
Toll Brothers says current backlog gives good visibility through 1H19 »

The company projects FY…

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  • 21

    Aug

NFLX

Netflix

$339.01

11.26 (3.44%)

, AAPL

Apple

$214.71

-0.77 (-0.36%)

11:10
08/21/18
08/21
11:10
08/21/18
11:10
Hot Stocks
Analyst sees favorable setup ahead for Netflix on international subscriptions »

In a research note this…

NFLX

Netflix

$339.01

11.26 (3.44%)

AAPL

Apple

$214.71

-0.77 (-0.36%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 21

    Aug

ROST

Ross Stores

$92.32

-0.01 (-0.01%)

11:10
08/21/18
08/21
11:10
08/21/18
11:10
Options
Defensive option play opened in Ross Stores ahead of earnings »

Defensive option play…

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03/06/13
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  • 23

    Aug

11:10
08/21/18
08/21
11:10
08/21/18
11:10
General news
FX Action: USD-JPY »

FX Action: USD-JPY…

TJX

TJX

$105.50

3.82 (3.76%)

11:09
08/21/18
08/21
11:09
08/21/18
11:09
Hot Stocks
Breaking Hot Stocks news story on TJX »

TJX still sees buying…

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03/08/13
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03/06/13
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03/06/13
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  • 21

    Aug

DISCA

Discovery

$28.80

0.88 (3.15%)

, AAPL

Apple

$214.70

-0.78 (-0.36%)

11:09
08/21/18
08/21
11:09
08/21/18
11:09
Recommendations
Fly Intel: Today's top analyst calls on Wall Street »

Check out today's…

DISCA

Discovery

$28.80

0.88 (3.15%)

AAPL

Apple

$214.70

-0.78 (-0.36%)

MSG

Madison Square Garden

$301.58

4.36 (1.47%)

MSGN

MSG Networks

$25.15

0.3 (1.21%)

TSLA

Tesla

$318.95

10.45 (3.39%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 29

    Oct

TJX

TJX

$105.65

3.97 (3.90%)

11:05
08/21/18
08/21
11:05
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11:05
Hot Stocks
TJX CEO Ernie Herrman says Q3 'off to a very strong start' »

Comment taken from the Q2…

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  • 21

    Aug

PAYX

Paychex

$72.53

0.21 (0.29%)

11:00
08/21/18
08/21
11:00
08/21/18
11:00
Options
Paychex calls active »

Paychex calls active.…

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  • 12

    Sep

NVDA

Nvidia

$251.67

3.82 (1.54%)

, BIDU

Baidu

$225.00

1.37 (0.61%)

10:57
08/21/18
08/21
10:57
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10:57
Hot Stocks
Citron remains cautious on Nvidia, repeats $200 per share forecast »

In a newly published…

NVDA

Nvidia

$251.67

3.82 (1.54%)

BIDU

Baidu

$225.00

1.37 (0.61%)

BABA

Alibaba

$178.80

2.59 (1.47%)

TCEHY

Tencent

$0.00

(0.00%)

FB

Facebook

$173.87

1.37 (0.79%)

GOOG

Alphabet

$1,215.21

7.67 (0.64%)

GOOGL

Alphabet Class A

$1,230.17

8.99 (0.74%)

MSFT

Microsoft

$106.99

0.12 (0.11%)

AMZN

Amazon.com

$1,891.43

15.98 (0.85%)

NFLX

Netflix

$338.51

10.76 (3.28%)

03/08/13
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03/06/13
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    Oct

DWDP

DowDuPont

$69.29

0.81 (1.18%)

10:50
08/21/18
08/21
10:50
08/21/18
10:50
Options
DowDuPont draws call buyers as shares see strength »

DowDuPont draws call…

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  • 11

    Sep

XXII

22nd Century

$2.36

0.08 (3.51%)

10:42
08/21/18
08/21
10:42
08/21/18
10:42
Hot Stocks
22nd Century reports order for 3.6M SPECTRUM research cigarette »

22nd Century Group…

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FB

Facebook

$173.61

1.11 (0.64%)

10:41
08/21/18
08/21
10:41
08/21/18
10:41
Periodicals
Facebook is rating the trustworthiness of its users, Washington Post reports »

Facebook has started to…

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  • 21

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AMTD

TD Ameritrade

$56.56

-3.6 (-5.98%)

10:40
08/21/18
08/21
10:40
08/21/18
10:40
Options
Heavy trading in TD Ameritrade as the stock comes under fire »

Heavy trading in TD…

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UNIT

Uniti Group

$21.09

0.57 (2.78%)

10:30
08/21/18
08/21
10:30
08/21/18
10:30
Options
Notable put buying in Uniti Group »

Notable put buying in…

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PZZA

Papa John's

$42.71

-0.01 (-0.02%)

10:29
08/21/18
08/21
10:29
08/21/18
10:29
Rumors
Rumor moving shares of Papa John's »

Rumor: Papa John's…

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AAL

American Airlines

$40.16

0.16 (0.40%)

10:27
08/21/18
08/21
10:27
08/21/18
10:27
Hot Stocks
American Airlines announces expanded European footprint, modified Asia service »

American Airlines…

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  • 06

    Sep

DXCM

DexCom

$133.50

1.29 (0.98%)

10:25
08/21/18
08/21
10:25
08/21/18
10:25
Conference/Events
DexCom management to participate in a conference call with Leerink »

Conference call with…

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