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BHP

BHP Group

$48.48

0.38 (0.79%)

17:38
10/16/18
10/16
17:38
10/16/18
17:38

BHP Billiton reports Q1 iron ore output 61.4M tons, up 10% from last year

FY19 guidance for iron ore production unchanged at 241M-250M tons. Reports Q1 petroleum production 33 MMBOE, down 1%. Guidance for FY19 unchanged at 113MMBOE-118MMBOE. Reports Q1 copper production 409 kt, up 1%. Sees FY19 output at 1.62kt-1.471kt. Reports Q1 Metallurgical coal production 10 MT, down 2%. FY19 guidance seen unchanged at 43Mt-46Mt. BHP Chief Executive Officer, Andrew Mackenzie, said: "We are on track to meet guidance for FY19 across our commodities, except copper where we have reduced production guidance slightly following outages at Olympic Dam in Australia and Spence in Chile".

BHP BHP Group
$48.48

0.38 (0.79%)

09/10/18
DBAB
09/10/18
DOWNGRADE
DBAB
Hold
BHP Billiton downgraded to Hold from Buy at Deutsche Bank
09/10/18
JPMS
09/10/18
UPGRADE
JPMS
Overweight
Rio Tinto upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Dominic O'Kane upgraded Rio Tinto (RIO) to Overweight while lowering his price target for the shares to 4,850p from 4,950p. The analyst finds the current valuation attractive with Rio trading at a 15% discount to BHP Billiton (BHP). Further, he believes China's fiscal loosening and infrastructure investment, as well as its anti-pollution steel capacity shut downs, will boost demand for high quality Australian iron ore.
07/25/18
RBCM
07/25/18
DOWNGRADE
RBCM
Underperform
Rio Tinto downgraded to Underperform from Sector Perform at RBC Capital
RBC Capital analyst Paul Hissey downgraded Rio Tinto (RIO) to Underperform and lowered his price target for the shares to A$65 from A$76. Given its reliance on iron ore as an earnings driver, Rio has "material downside risk," Hissey tells investors in a research note. He believes a drop in Chinese steel demand would bring "real concern" and that iron ore prices may dip below $50 per ton before stabilizing. The analyst sees better diversification at BHP Billiton (BHP).
06/15/18
06/15/18
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. Southwest (LUV) downgraded to Hold from Buy at Argus with analyst John Staszak saying that despite being well managed and financially strong, its focus on the domestic market will lead to slower relative growth based on better expected performance in the international space. 2. Motorcar Parts (MPAA) downgraded to Neutral from Buy at Roth Capital with analyst Matt Koranda saying he expects margin erosion to intensify in the coming quarters as better industry growth is awaited. 3. BHP Billiton (BHP) and Rio Tinto (RIO) were downgraded to Hold from Buy at Investec. 4. AEGON (AEG) downgraded to Underperform from Neutral at BofA/Merrill with analyst Michael van Wegen citing "relatively strong" stock performance. 5. Splunk (SPLK) downgraded to Sell from Neutral at Citi with analyst Walter Pritchard saying he sees "growth drivers plateauing" and "some warning signs in numbers." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

FDX

FedEx

$181.50

-0.92 (-0.50%)

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FTK

Flotek

$3.28

-0.07 (-2.09%)

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Flotek to separate role of Chairman, CEO »

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FDX

FedEx

$181.50

-0.92 (-0.50%)

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WP

Worldpay

$107.39

-1.13 (-1.04%)

, FIS

FIS

$106.60

-1.54 (-1.42%)

07:16
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Worldpay, FIS, Fiserv, First Data, Global Payments rating change  »

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Worldpay

$107.39

-1.13 (-1.04%)

FIS

FIS

$106.60

-1.54 (-1.42%)

FISV

Fiserv

$84.50

-0.59 (-0.69%)

FDC

First Data

$25.10

-0.26 (-1.03%)

GPN

Global Payments

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0.33 (0.25%)

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CAL

Caleres

$25.84

-1.3 (-4.79%)

, EMR

Emerson

$68.45

-0.32 (-0.47%)

07:13
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Caleres elects Emerson CCO Lisa Flavin to board of directors »

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CAL

Caleres

$25.84

-1.3 (-4.79%)

EMR

Emerson

$68.45

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SMAR

Smartsheet

$43.51

-0.16 (-0.37%)

07:12
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SSP

E.W. Scripps

$22.47

0.05 (0.22%)

, NXST

Nexstar

$105.71

-0.85 (-0.80%)

07:12
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E.W. Scripps acquiring eight TV stations from Nexstar-Tribune merger divestiture »

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SSP

E.W. Scripps

$22.47

0.05 (0.22%)

NXST

Nexstar

$105.71

-0.85 (-0.80%)

TRCO

Tribune Media

$46.08

0.02 (0.04%)

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GIS

General Mills

$47.24

-0.365 (-0.77%)

07:11
03/20/19
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07:11
Hot Stocks
Breaking Hot Stocks news story on General Mills »

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  • 20

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LULU

Lululemon

$144.95

0.61 (0.42%)

07:11
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Lululemon analyst commentary  »

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  • 27

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ALXN

Alexion

$132.94

-0.53 (-0.40%)

, ZEAL

Zealand Pharma

$15.60

(0.00%)

07:11
03/20/19
03/20
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07:11
Hot Stocks
Alexion, Zealand Pharma announce collaboration for peptide therapies »

Alexion Pharmaceuticals…

ALXN

Alexion

$132.94

-0.53 (-0.40%)

ZEAL

Zealand Pharma

$15.60

(0.00%)

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GIS

General Mills

$47.24

-0.365 (-0.77%)

07:10
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General Mills sees FY19 adjusted operating profit at high end of 6%-9% growth »

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07:10
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General news
FX Update: The dollar has traded steady-to-firmer »

FX Update: The dollar has…

NTNX

Nutanix

$38.78

0.425 (1.11%)

07:09
03/20/19
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Conference/Events
Nutanix to host investor day »

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TGNA

Tegna

$14.42

-0.2 (-1.37%)

, NXST

Nexstar

$105.71

-0.85 (-0.80%)

07:09
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TEGNA to acquire 11 local television stations from Nexstar for $740M »

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Tegna

$14.42

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NXST

Nexstar

$105.71

-0.85 (-0.80%)

TRCO

Tribune Media

$46.08

0.02 (0.04%)

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GOOG

Alphabet

$1,199.71

16.05 (1.36%)

, GOOGL

Alphabet Class A

$1,203.13

15.04 (1.27%)

07:08
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Alphabet, Alphabet Class A, Sony, Microsoft, Amazon.com analyst commentary  »

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GOOG

Alphabet

$1,199.71

16.05 (1.36%)

GOOGL

Alphabet Class A

$1,203.13

15.04 (1.27%)

SNE

Sony

$45.50

-0.595 (-1.29%)

MSFT

Microsoft

$117.72

0.12 (0.10%)

AMZN

Amazon.com

$1,762.45

20.45 (1.17%)

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AIR

AAR Corp.

$35.10

(0.00%)

07:08
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TEUM

Pareteum

$5.04

-0.67 (-11.73%)

, CTXS

Citrix

$101.31

-0.24 (-0.24%)

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Pareteum's iPass SmartConnect solution selected for Citrix »

Pareteum (TEUM) announced…

TEUM

Pareteum

$5.04

-0.67 (-11.73%)

CTXS

Citrix

$101.31

-0.24 (-0.24%)

03/08/13
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RTIX

RTI Surgical

$5.88

-0.08 (-1.34%)

07:08
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03/20
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Hot Stocks
RTI Surgical enrolls first patient in FORTE study »

RTI Surgical announced it…

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GIS

General Mills

$47.24

-0.365 (-0.77%)

07:08
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Hot Stocks
General Mills CEO confident in meeting, exceeding all FY19 targets »

"We had a strong…

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CREE

Cree

$57.27

0.36 (0.63%)

07:07
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Cree rating change  »

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BHC

Bausch Health

$26.29

1.745 (7.11%)

07:07
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Initiation
Bausch Health initiated  »

Bausch Health initiated…

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VERI

Veritone

$6.34

-0.155 (-2.39%)

07:07
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Veritone to host investor day »

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GIS

General Mills

$47.24

-0.365 (-0.77%)

07:06
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Hot Stocks
General Mills expects Q4 Blue Buffalo's net sales to 'accelerate meaningfully' »

For the fourth quarter of…

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NXST

Nexstar

$105.71

-0.85 (-0.80%)

, TRCO

Tribune Media

$46.08

0.02 (0.04%)

07:06
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Nexstar expects Tribune deal to result in 46% growth to average annual FCF »

Nexstar (NXST) CEO Perry…

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Nexstar

$105.71

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TRCO

Tribune Media

$46.08

0.02 (0.04%)

TGNA

Tegna

$14.42

-0.2 (-1.37%)

SSP

E.W. Scripps

$22.47

0.05 (0.22%)

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MDR

McDermott

$7.62

-0.285 (-3.61%)

07:06
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McDermott awarded ethylene contract in Russia »

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