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CMC

Commercial Metals

$21.80

0.11 (0.51%)

18:49
08/13/18
08/13
18:49
08/13/18
18:49

Commercial Metals upgraded to Neutral from Sell at Goldman Sachs

Goldman Sachs analyst Matthew Korn upgraded Commercial Metals to Neutral from Sell and kept his price target at $24. The analyst notes that his prior initiation of the company at Sell in March was based on its "full valuation", but at its current price, the risk-reward on the company is more attractive. Korn adds that there is upside to his estimates on Commercial Metals given the elevated rebar price - a market that is also "poised" for consolidation.

  • 11

    Sep

CMC Commercial Metals
$21.80

0.11 (0.51%)

04/06/18
04/06/18
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. Walmart (WMT) initiated with a Hold at Loop Capital. 2. Hanesbrands (HBI) initiated with a Neutral at BofA/Merrill. 3. Commercial Metals (CMC) initiated with a Buy at Longbow. 4. WageWorks (WAGE) resumed with a Hold at Needham. 5. Werner (WERN) resumed with a Buy at Stifel. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/17/18
MACQ
05/17/18
UPGRADE
MACQ
Neutral
Commercial Metals upgraded to Neutral from Underperform at Macquarie
Macquarie analyst David Lipschitz upgraded Commercial Metals to Neutral from Underperform with a $24 price target. The analyst expects rebar prices to stay strong given improving construction activities, supporting earnings for the next few years.
06/19/18
BOFA
06/19/18
DOWNGRADE
Target $23
BOFA
Underperform
Commercial Metals downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill analyst Timna Tanners downgraded Commercial Metals to Underperform from Neutral and cut its price target to $23 from $24. The analyst said shares are pricing in better-than-normal earnings power, but he expects rebar imports and domestic to rise into Q4. Tanners believes the rebar markets remain oversupplied and expects new domestic capacity to pressure margins.
06/22/18
JPMS
06/22/18
NO CHANGE
JPMS
Overweight
Commercial Metals to benefit from limited rebar imports, says JPMorgan
JPMorgan analyst Michael Gambardella keeps an Overweight rating on shares of Commercial Metals and establishes a December 2019 price target of $30. Section 232 tariffs will limit imports of rebar from large exporters like Turkey while the company's pending acquisition of Gerdau's rebar assets will further consolidate the U.S. market, Gambardella tells investors in a research note. He remains positive on the shares.

TODAY'S FREE FLY STORIES

MCD

McDonald's

$163.93

-0.23 (-0.14%)

11:02
09/24/18
09/24
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  • 24

    Sep

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$290.57

-1.46 (-0.50%)

11:01
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11:01
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Periodicals
White House accepts Rod Rosenstein's resignation, Bloomberg reports »

Following an Axios report…

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S&P 500

$0.00

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SPDR S&P 500 ETF Trust

$290.57

-1.46 (-0.50%)

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11:00
09/24/18
09/24
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General news
FX Action: USD-JPY »

FX Action: USD-JPY…

NTR

Nutrien

$57.09

-0.15 (-0.26%)

10:58
09/24/18
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  • 13

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NTNX

Nutanix

$43.00

-3.55 (-7.63%)

, MSFT

Microsoft

$113.86

-0.84 (-0.73%)

10:56
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10:56
Downgrade
Nutanix, Microsoft, VMware rating change  »

Nutanix downgraded to…

NTNX

Nutanix

$43.00

-3.55 (-7.63%)

MSFT

Microsoft

$113.86

-0.84 (-0.73%)

VMW

VMware

$153.86

1.86 (1.22%)

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  • 03

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IONS

Ionis Pharmaceuticals

$50.45

1.34 (2.73%)

, ALNY

Alnylam

$92.42

-2.17 (-2.29%)

10:56
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10:56
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10:56
Recommendations
Ionis Pharmaceuticals, Alnylam analyst commentary  »

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IONS

Ionis Pharmaceuticals

$50.45

1.34 (2.73%)

ALNY

Alnylam

$92.42

-2.17 (-2.29%)

03/08/13
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  • 01

    Oct

  • 06

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  • 27

    Nov

10:55
09/24/18
09/24
10:55
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10:55
General news
Treasury Action: yields reverted lower »

Treasury Action: yields…

TRU

TransUnion

$74.19

-0.11 (-0.15%)

10:50
09/24/18
09/24
10:50
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10:50
Options
Notable call write in TransUnion »

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  • 25

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  • 21

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  • 23

    Oct

10:50
09/24/18
09/24
10:50
09/24/18
10:50
General news
U.S. Dallas Fed manufacturing index dropped 2.8 points to 28.1 in September »

U.S. Dallas Fed…

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$290.74

-1.29 (-0.44%)

10:46
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09/24
10:46
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10:46
Technical Analysis
Technical Take: SPDR S&P 500 ETF nears session lows »

The SPDR S&P 500 ETF…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$290.74

-1.29 (-0.44%)

03/08/13
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03/06/13
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P

Pandora

$9.43

0.35 (3.85%)

, SIRI

Sirius XM

$6.55

-0.425 (-6.10%)

10:45
09/24/18
09/24
10:45
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10:45
Downgrade
Pandora, Sirius XM rating change  »

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P

Pandora

$9.43

0.35 (3.85%)

SIRI

Sirius XM

$6.55

-0.425 (-6.10%)

03/08/13
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  • 24

    Sep

  • 27

    Sep

10:45
09/24/18
09/24
10:45
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10:45
General news
Breaking General news story  »

4-Week Bill Announcement…

NBIX

Neurocrine

$121.55

1.7 (1.42%)

10:45
09/24/18
09/24
10:45
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10:45
Conference/Events
Neurocrine has a conference call hosted by JPMorgan »

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  • 24

    Sep

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$291.02

-1.01 (-0.35%)

10:40
09/24/18
09/24
10:40
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10:40
Periodicals
Deputy AG Rod Rosenstein verbally resigns to John Kelly, Axios reports »

Deputy Attorney General…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$291.02

-1.01 (-0.35%)

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CLF

Cleveland-Cliffs

$12.47

0.31 (2.55%)

10:40
09/24/18
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10:40
Options
Cleveland Cliffs calls active as shares move to 52-week highs »

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  • 19

    Oct

AMEH

Apollo Medical

$17.73

1.11 (6.68%)

10:39
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Hot Stocks
Breaking Hot Stocks news story on Apollo Medical »

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10:37
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General news
Dallas Fed Mfg Survey General Activity Index data reported »

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AMEH

Apollo Medical

$17.73

1.11 (6.68%)

10:34
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Hot Stocks
Breaking Hot Stocks news story on Apollo Medical »

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CZR

Caesars

$10.53

-0.25 (-2.32%)

10:30
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09/24
10:30
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10:30
Recommendations
Caesars analyst commentary  »

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USO

United States Oil Fund

$15.20

0.25 (1.67%)

10:30
09/24/18
09/24
10:30
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10:30
Options
30K US Oil Fund Oct 14 - 15 call spreads trade at 74c »

30K US Oil Fund Oct 14 -…

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JD

JD.com

$25.38

-1.1 (-4.15%)

10:25
09/24/18
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10:25
Hot Stocks
JD.com drops as new WeChat messages emerge following CEO's rape accusations »

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ALXN

Alexion

$126.66

4.69 (3.85%)

10:24
09/24/18
09/24
10:24
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10:24
Recommendations
Alexion analyst commentary  »

Piper 'incrementally…

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  • 24

    Sep

  • 18

    Feb

CMCSA

Comcast

$34.93

-2.98 (-7.86%)

, DIS

Disney

$112.80

2.08 (1.88%)

10:22
09/24/18
09/24
10:22
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10:22
Hot Stocks
Comcast slides after topping Disney in bid to buy Sky »

Shares of Comcast (CMCSA)…

CMCSA

Comcast

$34.93

-2.98 (-7.86%)

DIS

Disney

$112.80

2.08 (1.88%)

CMCSK

Comcast

$0.00

(0.00%)

FOXA

21st Century Fox

$44.63

0.3 (0.68%)

SKYAY

Sky

$0.00

(0.00%)

FOX

21st Century Fox

$44.24

0.27 (0.61%)

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  • 24

    Sep

HMN

Horace Mann

$46.60

(0.00%)

10:21
09/24/18
09/24
10:21
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10:21
Conference/Events
Horace Mann management to meet with JMP Securities »

Meeting to be held in…

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  • 26

    Sep

IDRA

Idera Pharmaceuticals

$8.81

0.39 (4.63%)

, CZR

Caesars

$10.53

-0.25 (-2.32%)

10:21
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09/24
10:21
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10:21
Initiation
On The Fly: Top five analyst initiations »

Catch up on today's…

IDRA

Idera Pharmaceuticals

$8.81

0.39 (4.63%)

CZR

Caesars

$10.53

-0.25 (-2.32%)

GHG

GreenTree Hospitality

$12.71

-0.25 (-1.93%)

AMD

AMD

$32.14

1.13 (3.64%)

VG

Vonage

$14.00

0.41 (3.02%)

03/08/13
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  • 24

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