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GLT

Glatfelter

$18.50

-0.03 (-0.16%)

06:51
11/06/18
11/06
06:51
11/06/18
06:51

Glatfelter says launching plan to right-size corporate cost structure

CEO Parrini continued, "While we made progress on our transformation, we continue to face competitive market conditions and the impact of the rapid rise in raw material prices in our Composite Fibers business. We have maintained our focus on reducing costs and improving efficiency to address these challenges and we recently announced price increases for this business. We are also launching a plan to right-size our corporate cost structure now that the sale of the Specialty Papers business is complete and we expect to eliminate $14 million to $16 million of expenses by the end of 2019. The growth opportunities we see in front of us and these actions continue to give me confidence in the longer-term potential of our engineered materials businesses and the value they will deliver to our shareholders."

  • 06

    Nov

GLT Glatfelter
$18.50

-0.03 (-0.16%)

06/20/18
DADA
06/20/18
UPGRADE
DADA
Buy
Glatfelter upgraded to Buy from Neutral at DA Davidson
06/20/18
DADA
06/20/18
UPGRADE
Target $23
DADA
Buy
Glatfelter upgraded to Buy at DA Davidson after European nonwovens acquisition
As reported earlier, DA Davidson analyst Steven Chercover upgraded Gratfelter to Buy from Neutral and raised his price target to $23 from $19. The analyst notes that he is "incrementally positive" on the stock based on his view of the announced acquisition of GP's European airlaid nonwoven business, which adds 35K tonnes per year in capacity to the company's existing 129K tpy. Chercover also cites the potential benefits of a sale of Gratfelter's Paper business along with the continued momentum in Paper pricing, benefiting near term results and possibly increasing the value of the sale.
06/20/18
06/20/18
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. Citi (C) upgraded to Buy from Hold at Deutsche Bank. 2. BT Group (BT) upgraded to Buy from Hold at Jefferies with analyst Jeremy Dellis saying reducing the dividend to increase investment in fiber-to-the-premises networks to satisfy demands by British telecommunications regulator Ofcom could make BT a "geat deal more investable." 3. Duke Energy (DUK) upgraded to Buy from Neutral at BofA/Merrill with analyst Julien Dumoulin-Smith citing recent share underperformance and resolved regulatory overhangs. 4. Glatfelter (GLT) upgraded to Buy from Neutral at DA Davidson with analyst Steven Chercover saying he is "incrementally positive" on the stock based on his view of the announced acquisition of GP's European airlaid nonwoven business, which adds 35K tonnes per year in capacity to the company's existing 129K tpy. 5. Intelsat (I) upgraded to Outperform from Sector Perform at RBC Capital with analyst Wilton Fry citing his expected FCC release of the Notice of Proposed Rulemaking this week that will lead to adoption of the company's C-band proposal, "conservatively" estimating that this could add over $19 in earnings per share. 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

EV

Eaton Vance

$42.62

-0.435 (-1.01%)

07:18
11/19/18
11/19
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07:18
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PBR

Petrobras

$14.87

0.32 (2.20%)

, VALE

Vale

$14.97

0.04 (0.27%)

07:18
11/19/18
11/19
07:18
11/19/18
07:18
Periodicals
Castello Branco to be appointed new Petrobras CEO, Reuters reports »

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PBR

Petrobras

$14.87

0.32 (2.20%)

VALE

Vale

$14.97

0.04 (0.27%)

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NVTR

Nuvectra

$18.43

0.29 (1.60%)

07:17
11/19/18
11/19
07:17
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07:17
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  • 27

    Nov

ASMB

Assembly Biosciences

07:17
11/19/18
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07:17
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  • 03

    Dec

RMAX

RE/MAX Holdings

$30.26

-0.23 (-0.75%)

07:17
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07:17
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RE/MAX Holdings rating change  »

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  • 11

    Dec

  • 12

    Dec

MKGAY

Merck KGaA

$0.00

(0.00%)

, PFE

Pfizer

$43.52

0.3 (0.69%)

07:17
11/19/18
11/19
07:17
11/19/18
07:17
Hot Stocks
Merck KGaA, Pfizer: Phase III JAVELIN Ovarian 200 trial did not meet endpoint »

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MKGAY

Merck KGaA

$0.00

(0.00%)

PFE

Pfizer

$43.52

0.3 (0.69%)

03/08/13
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  • 02

    Dec

  • 03

    Dec

YETI

Yeti

$16.99

0.1 (0.59%)

07:15
11/19/18
11/19
07:15
11/19/18
07:15
Initiation
Yeti initiated  »

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  • 29

    Nov

YETI

Yeti

$16.99

0.1 (0.59%)

07:15
11/19/18
11/19
07:15
11/19/18
07:15
Initiation
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  • 29

    Nov

RXII

RXi Pharmaceuticals

$0.00

(0.00%)

, PHIO

Phio Pharmaceuticals

$0.33

-0.0002 (-0.06%)

07:14
11/19/18
11/19
07:14
11/19/18
07:14
Hot Stocks
RXi Pharmaceuticals changes name to Phio Pharmaceuticals »

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RXII

RXi Pharmaceuticals

$0.00

(0.00%)

PHIO

Phio Pharmaceuticals

$0.33

-0.0002 (-0.06%)

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HP

Helmerich & Payne

$62.59

2.54 (4.23%)

07:14
11/19/18
11/19
07:14
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07:14
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Helmerich & Payne rating change  »

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TEX

Terex

$31.31

0.25 (0.80%)

07:13
11/19/18
11/19
07:13
11/19/18
07:13
Recommendations
Terex analyst commentary  »

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  • 27

    Nov

PJT

PJT Partners

$46.44

0.01 (0.02%)

07:12
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11/19
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07:12
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EVGN

Evogene

$2.80

(0.00%)

07:12
11/19/18
11/19
07:12
11/19/18
07:12
Hot Stocks
Evogene establishes AgPlenus subsidiary »

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BKNG

Booking Holdings

$1,855.10

-34.08 (-1.80%)

07:11
11/19/18
11/19
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07:11
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Booking Holdings rating change  »

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  • 04

    Dec

WTTR

Select Energy Services

$9.83

-0.305 (-3.01%)

07:11
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11/19
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07:11
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Select Energy Services rating change  »

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  • 26

    Nov

PDS

Precision Drilling

$2.48

0.01 (0.40%)

, TDGCF

Trinidad Drilling

$0.00

(0.00%)

07:09
11/19/18
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07:09
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PDS

Precision Drilling

$2.48

0.01 (0.40%)

TDGCF

Trinidad Drilling

$0.00

(0.00%)

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  • 26

    Nov

CGNX

Cognex

$42.71

0.66 (1.57%)

07:09
11/19/18
11/19
07:09
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07:09
Initiation
Cognex initiated  »

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  • 12

    Dec

MYGN

Myriad Genetics

$31.33

0.33 (1.06%)

07:08
11/19/18
11/19
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07:08
Hot Stocks
Myriad Genetics enters into $50M accelerated share repurchase program »

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  • 03

    Dec

PUMP

ProPetro Holding

$18.88

0.49 (2.66%)

07:07
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07:07
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07:07
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ProPetro Holding initiated  »

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YETI

Yeti

$16.99

0.1 (0.59%)

07:06
11/19/18
11/19
07:06
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07:06
Initiation
Yeti initiated  »

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  • 29

    Nov

RTIX

RTI Surgical

$4.38

-0.08 (-1.79%)

07:05
11/19/18
11/19
07:05
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07:05
Hot Stocks
RTI Surgical announces positive coverage decision for SI joint fusion surgery »

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  • 27

    Nov

NINE

Nine Energy Services

$30.41

1.18 (4.04%)

07:05
11/19/18
11/19
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07:05
Initiation
Nine Energy Services initiated  »

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RCKT

Rocket Pharmaceuticals

$14.23

0.03 (0.21%)

07:05
11/19/18
11/19
07:05
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07:05
Hot Stocks
Rocket Pharmaceuticals announces FDA clearance of IND for RP-L201 »

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  • 29

    Nov

  • 01

    Dec

07:05
11/19/18
11/19
07:05
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07:05
General news
Treasury Market Outlook: »

Treasury Market Outlook:…

PLYA

Playa Hotels & Resorts

$7.89

-0.24 (-2.95%)

, HIH

Highland Hospitality

$0.00

(0.00%)

07:04
11/19/18
11/19
07:04
11/19/18
07:04
Hot Stocks
Playa Hotels & Resorts appoints Fernando Mulet as CDO »

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PLYA

Playa Hotels & Resorts

$7.89

-0.24 (-2.95%)

HIH

Highland Hospitality

$0.00

(0.00%)

03/08/13
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  • 28

    Nov

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