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X

U.S. Steel

$28.07

-0.57 (-1.99%)

16:01
10/15/18
10/15
16:01
10/15/18
16:01

U.S. Steel, union reach tentative pact, Reuters reports

The United Steelworkers said it has reached a tentative deal with U.S. Steel, Reuters reports. The union has held talks with the steel giant for demands including better wages, the report notes. Reference Link

  • 02

    Nov

X U.S. Steel
$28.07

-0.57 (-1.99%)

10/15/18
FBCO
10/15/18
NO CHANGE
FBCO
Neutral
Credit Suisse downgrades U.S. Steel sector along with three stocks
Credit Suisse analyst Curt Woodworth downgraded his view on the U.S. Steel sector to Market Weight from Overweight due to concerns with new supply entering the sheet market as well as with U.S demand as interest rates rise. The analyst sees "limited potential for multiple expansion given late cycle fears." Further, in addition to cycle concerns and new supply risk, capital allocation by companies has disappointed relative to investors "wish lists," Woodworth tells investors in a research note. Along with the sector, the analyst downgraded Nucor (NUE), Steel Dynamics (STLD), and Cleveland-Cliffs (CLF) to Neutral from Outperform. Woodworth keeps Outperform ratings on US Steel (X) and AK Steel (AKS) as he sees upside to Street estimates on better 2019 contract pricing as well as more attractive valuations relative to historical forward multiples.
10/11/18
GHSC
10/11/18
INITIATION
Target $35
GHSC
Buy
U.S. Steel initiated with a Buy at Seaport Global
Seaport Global analyst Derek Hernandez initiated U.S. Steel with a Buy and $35 price target saying the company offers a discounted valuation with upcoming catalysts. Hernandez expects labor negotiations will be resolved without a material disruption and expects material 2019+ earnings upside on higher volumes and increased realizations.
10/02/18
10/02/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. GE UPGRADED AT RBC, WOLFE: RBC Capital analyst Deane Dray upgraded General Electric (GE) to Outperform from Sector Perform and raised his price target for the shares to $15 from $13. The analyst believes a floor has been put in the shares following news of Larry Culp being named Chairman and CEO. Additionally, GE was upgraded to Outperform from Peer Perform at Wolfe Research. DEUTSCHE SEES HEIGHTENED RISKS TO FACEBOOK ESTIMATES: After attending the first day of AdWeek, Deutsche Bank analyst Lloyd Walmsley sees heightened risk to the Q3, Q4 and 2019 consensus estimates for Facebook (FB). The analyst said he's starting to hear more cautious feedback and that Facebook seems on the defensive, particularly following last week's data breach disclosure. Walmsley, however, continues to view Facebook as attractively valued and kept a Buy rating on the shares with a $205 price target. JPMORGAN ADDS WEIGHT WATCHERS TO FOCUS LIST: JPMorgan analyst Christina Brathwaite added Weight Watchers (WTW) to her firm's America's Analyst Focus while keeping an Overweight rating on the shares with a $120 price target. The stock's 30% pullback from its peak on June 20 presents a "compelling entry point for investors who missed the stock's appreciation the first time around," Brathwaite said. Despite the post-earnings selloff, the analyst believes the Q2 print was actually indicative that Weight Watchers' growth story remains on track. Further, she believes the changes announced last week, including its new rewards program, as well as the company's Invite a Friend program, will help drive member recruitment and retention going forward. AMBEV DOUBLE DOWNGRADED BY UBS: UBS analyst Alan Alanis double downgraded Ambev (ABEV) to Sell from Buy and lowered his price target for the shares to R$17 from R$23. AmBev trades at a 25% higher valuation than parent company AB InBev (BUD), which is unwarranted, Alanis believes. He believes Ambev shares at current levels are more than pricing in the company's favorable outlook. Further, he expects consensus estimates to come down due to a tougher competitive environment, a "tepid" Brazilian economic recovery and currency headwinds. DEUTSCHE DOWNGRADES METAL STOCKS: Deutsche Bank analyst Jeremy Kliewer downgraded Century Aluminum to Hold from Buy and lowered his price target for the shares to $15 from $20, stating that Century's margins could remain pressured for longer due to alumina supply disruptions. Meanwhile, Deutsche's Chris Terry downgraded Reliance Steel (RS) to Hold from Buy and lowered his price target for the shares to $90 from $100, and downgraded U.S. Steel (X) to Hold from Buy and lowered his price target for the shares to $35 from $47. The analyst said his view on the steel sector is "moderating post peak pricing." Most positive data points and catalysts have now largely played out, Terry believes.
10/02/18
10/02/18
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. Goldman downgraded ConocoPhillips (COP) to Neutral following share outperformance with analyst Neil Mehta citing valuation. 2. U.S. Steel (X) and Reliance Steel (RS) were downgraded to Hold from Buy at Deutsche Bank. 3. Unilever (UN, UL) downgraded to Hold from Buy at Jefferies with analyst Martin Deboo saying the company is facing "choppier waters" and "higher expectations." 4. Ambev (ABEV) double downgraded to Sell from Buy at UBS with analyst Alan Alanis saying AmBev trades at a 25% higher valuation than parent company AB InBev (BUD), which is unwarranted. 5. Schlumberger (SLB) downgraded to Hold from Buy at Tudor Pickering. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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MAIN

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CHCO

City Holding

$79.30

1.94 (2.51%)

07:39
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City Holding reports Q3 EPS $1.36, consensus $1.32 »

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Owl Rock

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CPE

Callon Petroleum

$3.71

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$7.29

-0.18 (-2.41%)

07:38
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Paulson & Co. reiterates opposition to Carrizo deal »

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Carrizo Oil & Gas

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LMT

Lockheed Martin

$373.16

0.54 (0.14%)

07:38
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Lockheed Martin sees FY20 sales $62.0B, consensus $62.82B »

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RVNC

Revance

$15.67

0.495 (3.26%)

07:37
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Conference/Events
Revance management to meet with William Blair »

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AAOI

Applied Optoelectronics

$10.83

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ZION

Zions Bancorp

$45.68

0.96 (2.15%)

07:36
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EBIX

Ebix

$39.90

1.32 (3.42%)

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Ebix facilitates $20B of premiums for Willis Accounting over last four years »

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LMT

Lockheed Martin

$373.16

0.54 (0.14%)

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Earnings
Lockheed Martin raises FY19 EPS view to $21.55 from $20.85-$21.15 »

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WBS

Webster Financial

$47.31

0.39 (0.83%)

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Earnings
Webster Financial reports Q3 EPS $1.00, consensus $1.01 »

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CNC

Centene

$45.83

-1.09 (-2.32%)

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Centene management to meet with SunTrust »

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KR

Kroger

$24.11

0.17 (0.71%)

, JBLU

JetBlue

$17.54

0.59 (3.48%)

07:35
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KMB

Kimberly-Clark

$139.31

2.01 (1.46%)

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Kimberly-Clark provides update to 2018 Global Restructuring Program »

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  • 22

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BLUE

Bluebird Bio

$91.47

1.74 (1.94%)

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Bluebird Bio gets EMA approval for Zynteglo refined manufacturing specifications »

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  • 07

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RDDTF

Radient Technologies

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Radient Technologies, Edlong Corporation enter MOU to form strategic JV »

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NEE

NextEra Energy

$232.85

0.17 (0.07%)

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Earnings
NextEra Energy reports Q3 adjusted EPS $2.39, consensus $2.29 »

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JNPR

Juniper

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ZION

Zions Bancorp

$45.68

0.96 (2.15%)

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Kimberly-Clark

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2.01 (1.46%)

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