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NUE

Nucor

$64.47

-0.08 (-0.12%)

, X

U.S. Steel

$32.30

0.17 (0.53%)

08:20
08/06/18
08/06
08:20
08/06/18
08:20

Nucor, U.S. Steel block tariff relief for hundreds of companies, NYT reports

Nucor (NUE) and U.S. Steel (X) have successfully blocked hundreds of requests for tariff exemption from U.S. companies that buy foreign steel, according to the New York Times. To help minimize the impact of tariffs, the Trump administration established a process for companies to request exclusions for products they could not buy in the United States. However, the Commerce Department also allowed American companies to argue against exclusion requests for metal tariffs. Both companies reportedly have ties to administration officials. Reference Link

NUE

Nucor

$64.47

-0.08 (-0.12%)

X

U.S. Steel

$32.30

0.17 (0.53%)

  • 07

    Aug

NUE Nucor
$64.47

-0.08 (-0.12%)

07/24/18
07/24/18
UPGRADE
Target $77

Overweight
Nucor upgraded to Overweight on broadening EPS power at KeyBanc
As previously reported, KeyBanc analyst Philip Gibbs upgraded Nucor to Overweight from Sector Weight, with a $77 price target, given better appreciation of self-help growth initiatives in Fabrication and Raw Materials. Further, the analyst notes that company-specific drivers could add 20% to his EPS power view over time.
07/24/18
KEYB
07/24/18
UPGRADE
KEYB
Overweight
Nucor upgraded to Overweight from Sector Weight at KeyBanc
06/06/18
LBOW
06/06/18
NO CHANGE
Target $90
LBOW
Buy
Nucor expected to have a positive mid-quarter update, says Longbow
Longbow analyst Chris Olin is looking for a positive mid-quarter update from Nucor with positive commentary about nonresidential construction demand, wider mini-mill spreads, steady downstream margins, and investment contributions to push 2H 2018 expectations higher. Olin's expects Q2 earnings of $1.68, in-line with consensus, and sees increasing construction spending driving 2-3 years of additional long product volume growth. The analyst expects consensus estimates to move much higher, reflecting recent transaction volumes for bar, beam, and plate products and visible volume strength across all of the carbon steel mills. Olin rates Nucor a Buy with a $90 price target.
05/18/18
SBSH
05/18/18
NO CHANGE
SBSH
Nucor and Steel Dynamics should ramp up capital returns, says Citi
Nucor (NUE) and Steel Dynamics (STLD) should consider re-visiting their aggressive capital return programs from the 2006-2008 peak, Citi analyst Alexander Hacking tells investors in a research note. The company's current cash flows are elevated and expected to remain so for the next three years, the analyst adds. Further, he believes their growth opportunities "are more limited given more inflated asset values." If each company committed to paying out 50% of discretionary operating cash flow over the next three years, Hacking estimates cash returns would total $3.1B or $9.88 per share for Nucor and $1.7B or $7.23 per share for Steel Dynamics without increasing leverage. This would still leave 45% of operating cash flow available for growth capex or acquisitions, more than sufficient to show that Section 232 profits are being reinvested, the analyst contends.
X U.S. Steel
$32.30

0.17 (0.53%)

04/30/18
BMOC
04/30/18
NO CHANGE
Target $45
BMOC
Market Perform
U.S. Steel price target lowered to $45 from 50 at BMO Capital
BMO Capital analyst David Gagliano lowered his price target on U.S. Steel to $45, saying that despite the "inexpensive" valuation of the sector amid the persisting high steel prices, the company is faced with execution risk within its 3-year "revitalization program". Gagliano keeps his Market Perform rating on U.S. Steel, adding that steel investors are typically sensitive to volatility and calling for greater visibility and execution to justify a more constructive view.
04/30/18
LBOW
04/30/18
NO CHANGE
Target $49
LBOW
Buy
U.S. Steel price target lowered to $49 from $63 at Longbow
Longbow analyst Chris Olin lowered his price target on U.S. Steel to $49 from $63 due to using a more conservative multiple, though he noted that management expects much higher price realizations in the second half and he sees it being set up well for a strong performance in the back half of the year. Olin maintains a Buy rating on U.S. Steel shares.
04/30/18
SBSH
04/30/18
NO CHANGE
Target $42
SBSH
Buy
U.S. Steel selloff Friday a 'significant overreaction,' says Citi
Citi analyst Alexander Hacking says the 14% selloff in shares of U.S. Steel on Friday seems like a "significant overreaction" to the "poor" Q2 guidance. The analyst expects a "significant uplift in profits" in the second half of 2018 as current pricing flows through. His bull thesis on the shares is unchanged but he lowered his price target for Buy-rated U.S. Steel to $42 from $46.
04/30/18
JPMS
04/30/18
NO CHANGE
Target $67
JPMS
Overweight
U.S. Steel shares oversold at current levels, says JPMorgan
JPMorgan analyst Michael Gambardella calls U.S. Steel "another oversold buying opportunity." The analyst thinks investors should focus on the company's "strong earnings power" in the second half of 2018 implied by its EBITDA guidance. Market conditions will continue to remain supportive for steel prices in the second half and 2019 with the President's actions on Section 232 and trade related matters, Gambardella tells investors in a research note. He lowered his price target for the shares to $67 from $69 and reiterates an Overweight rating on U.S. Steel.

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WU

Western Union

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MYL

Mylan

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BA

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GPX

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MIK

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DSW

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NVDA

Nvidia

$168.91

-0.99 (-0.58%)

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$1,742.00

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MEOH

Methanex

$57.22

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HDS

HD Supply

$43.09

0.09 (0.21%)

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HDS

HD Supply

$43.09

0.09 (0.21%)

19:53
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HDS

HD Supply

$43.09

0.09 (0.21%)

19:52
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CASA

Casa Systems

$8.89

-0.06 (-0.67%)

19:47
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CCI

Crown Castle

$124.67

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19:46
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ARPO

Aerpio Pharmaceuticals

$1.22

-2.915 (-70.58%)

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  • 18

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LIVX

LiveXLive Media

$6.30

0.19 (3.11%)

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AKBA

Akebia

$8.19

0.01 (0.12%)

19:31
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  • 18

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VALE

Vale

$13.28

0.11 (0.84%)

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  • 28

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TROX

Tronox

$12.09

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HYMTF

Hyundai Motor

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SYNH

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AAPL

Apple

$188.03

1.83 (0.98%)

18:52
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WP

Worldpay

$108.52

9.8 (9.93%)

, FIS

FIS

$108.14

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18:41
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Downgrade
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FIS

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$108.14

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ERIC

Ericsson

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