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GLNCY

Glencore

$0.00

(0.00%)

, BP

BP

$40.19

-0.16 (-0.40%)

09:58
01/10/19
01/10
09:58
01/10/19
09:58

Glencore loses exclusive rights to Libya's Sarir, Messla grades, Reuters says

Glencore (GLNCY) has lost its exclusive marketing rights for Libya's Sarir and Messla grades after holding the rights since late 2015, Reuters reports, citing trading sources with direct knowledge of the matter. The company has exclusive rights on the two grades until the end of 2018 and the loss comes as BP (BP) and Royal Dutch Shell (RDS.A) returned to lifting directly from Libya last year. Reference Link

GLNCY

Glencore

$0.00

(0.00%)

BP

BP

$40.19

-0.16 (-0.40%)

RDS.A

Royal Dutch Shell

$60.58

-0.38 (-0.62%)

  • 10

    Feb

GLNCY Glencore
$0.00

(0.00%)

04/30/18
RBCM
04/30/18
DOWNGRADE
RBCM
Outperform
Glencore downgraded to Outperform at RBC Capital on DRC order freeze
As reported earlier, RBC Capital analyst Tyler Broda downgraded Glencore to Outperform from Top Pick and lowered his price target to GBp 410 from GBp 460. Broda notes continued deterioration the company's Democratic Republic of Congo business after it received freezing orders for its Katanga and Mutanda sites late on Friday via a $3B claim from Dan Gertler for not paying royalties. The analyst expects volatility in the stock to remain high but keeps a generally constructive outlook for the company, adding that uncertainty around DRC was already high while the valuation has brought Glencore shares down to level in line with sector peers.
09/25/18
MSCO
09/25/18
UPGRADE
MSCO
Overweight
Glencore upgraded to Overweight from Equal Weight at Morgan Stanley
Morgan Stanley analyst Menno Sanderse upgraded Glencore to Overweight while lowering his price target for the shares to EUR 3.90 from EUR 4.0. The analyst views the recent pullback in the Europe metals and mining sector as a buying opportunity.
09/10/18
JPMS
09/10/18
DOWNGRADE
JPMS
Neutral
Glencore downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Dominic O'Kane downgraded Glencore to Neutral and removed the shares from his firm's European Analyst Focus List. The company's "investment appeal" is unlikely to be reinstated until regulatory risks are resolved, the analyst tells investors in a research note. He lowered his price target for the shares to 370p from 520p.
07/03/18
JEFF
07/03/18
NO CHANGE
JEFF
Jefferies lowers Glencore price target on U.S. subpoena risk
Jefferies analyst Christopher LaFemina lowered his price target for Glencore (GLNCY) shares to 440p from 500p citing higher risk after the company received a subpoena from the U.S. Department of Justice. News of the subpoena increases the geopolitical overhang on Glencore shares, even if there are no charges against the company in the end, LaFemina tells investors in a research note. The analyst keeps a Buy rating on the shares but sees better risk/rewards in other major diversified miners Anglo American (NGLOY) and Rio Tinto (RIO).
BP BP
$40.19

-0.16 (-0.40%)

11/20/18
11/20/18
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. LyondellBasell (LYB) upgraded to Outperform from Sector Perform at RBC Capital with analyst Arun Viswanathan saying the shares look attractive when investors "look through oil and market volatility," anticipating the company to post "robust" EBITDA growth in 2019 and 2020. 2. BP (BP) upgraded to Outperform from Market Perform at Raymond James with analyst Jean-Pierre Dmirdjian saying poor year-to-date share performance has created an attractive entry point. He also said shares screen well on free cash flow, oil leverage, and production growth. 3. CME Group (CME) upgraded to Buy from Hold at Berenberg with analyst Chris Turner saying he expects "unsettled markets" in 2019 to provide a supportive backdrop for volumes in CME's core interest rate and currency products. 4. American Vanguard (AVD) upgraded to Buy from Hold at Loop Capital with analyst Chris Kapsch saying despite "much negativity" surrounding the broader agriculture end market amid the ongoing Trump/China trade war, American Vanguard is "navigating and executing admirably." 5. EQT Corporation (EQT) upgraded to Buy from Neutral at Goldman Sachs with analyst Brian Singer saying he believes the company's production guidance calling for 5% asset sale-adjusted growth in 2019 is conservative. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/18/18
WELS
12/18/18
INITIATION
Target $41
WELS
Market Perform
BP initiated with a Market Perform at Wells Fargo
Wells Fargo analyst Roger Read started BP with a Market Perform rating and $41 price target.
12/18/18
12/18/18
INITIATION
Target $41

Market Perform
Wells Fargo starts BP at Market Perform with $41 price target
As previously reported, Wells Fargo analyst Roger Read started BP with a Market Perform rating and $41 price target, citing his expectation that BP's total cash shareholder returns will trail its peer group through 2021. Despite an attractive valuation and production growth potential, BP's higher balance sheet leverage is a headwind to outperforming the market, Read tells investors.
12/21/18
EVER
12/21/18
NO CHANGE
Target $42
EVER
Outperform
Golar LNG Tortue project worth $10 per share to equity, says Evercore ISI
After Kosmos Energy (KOS) and BP (BP), the equity owners in the Greater Tortue Ahmeyim project offshore Senegal and Mauritania, announced Final Investment Decision on Phase 1, which will utilize one of Golar LNG's (GLNG) FLNG vessels, Evercore ISI analyst Jonathan Chappell said he continues to estimate a nearly $10/share value to Golar LNG equity based on the expected output, start-up time, and financing. Stating that Tortue means "an awful lot" for Golar LNG, he reiterated his Outperform rating on the stock and trimmed his target to $42 from $43.
RDS.A Royal Dutch Shell
$60.58

-0.38 (-0.62%)

12/10/18
DBAB
12/10/18
DOWNGRADE
DBAB
Hold
Royal Dutch Shell downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Lucas Herrmann downgraded Royal Dutch Shell to Hold and lowered his price target for the shares tp GBP 2,650 from GBP 2,800. The analyst believes that the less certain oil price "backcloth" will bring questions about the sustainability of both the company's buyback and 2020 CFFO guidance.
12/18/18
12/18/18
INITIATION
Target $76

Outperform
Wells Fargo starts Royal Dutch Shell at Outperform with $76 price target
As previously reported, Wells Fargo analyst Roger Read started Royal Dutch Shell with an Outperform rating and $76 price target, citing its attractive valuation, "relatively modest" reinvestment ratio and leading cash returns. He projects Shell's ROACE will essentially double to roughly 14% by 2020 versus 2017 levels based on a combination of higher production, cost-cutting, high grading of the portfolio and some degree of commodity price recovery, Read tells investors.
12/18/18
WELS
12/18/18
INITIATION
Target $76
WELS
Outperform
Royal Dutch Shell initiated with an Outperform at Wells Fargo
Wells Fargo analyst Roger Read started Royal Dutch Shell with an Outperform rating and $76 price target.
10/22/18
SIMM
10/22/18
INITIATION
Target $72
SIMM
Neutral
Royal Dutch Shell assumed with a Neutral at Simmons
Simmons analyst Blake Fernandez assumed Royal Dutch Shell with a Neutral rating and a price target of $72 as part of his broader research note on Integrated Oils, suggesting that the industry stands to benefit from the current stage of the energy cycle. Fernandez notes that the company enjoyed stronger than expected earnings last year, but its past couple of quarters have been underwhelming because of "multiple transitory culprits driving results including tax, derivatives, etc." The analyst prefers to wait for a reversal of this trend before becoming more constructive on the stock.

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WOLWF

Woolworths Group

$0.00

(0.00%)

18:51
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LLESY

Lendlease Group

$0.00

(0.00%)

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EFSC

Enterprise Financial

$41.41

0.99 (2.45%)

17:56
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  • 22

    Jan

FB

Facebook

$150.01

1.77 (1.19%)

16:36
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16:36
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16:36
Periodicals
Facebook planning to add 1,000 jobs in Ireland by year-end, Reuters says »

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  • 24

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FB

Facebook

$150.01

1.77 (1.19%)

16:33
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Facebook's WhatsApp limits users to five text forwards, Reuters reports »

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    Mar

ENB

Enbridge

$36.10

0.425 (1.19%)

16:28
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16:28
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LIN

Linde plc

$160.76

3.48 (2.21%)

16:25
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Periodicals
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  • 28

    May

HENKY

Henkel

$0.00

(0.00%)

16:01
01/21/19
01/21
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16:01
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Henkel rating change at Goldman Sachs »

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CAG

Conagra Brands

$21.58

0.34 (1.60%)

14:06
01/21/19
01/21
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14:06
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Conagra exploring alternatives for Italian-based frozen pasta business »

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  • 22

    Jan

13:15
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13:15
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13:15
General news
IMF trimmed global growth amid "no-deal" Brexit and trade war concerns »

IMF trimmed global growth…

UQM

UQM Technologies

$1.10

0.05 (4.76%)

13:05
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UQM Technologies acquired by Danfoss Power Solutions for $1.71 per share »

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SNY

Sanofi

$41.50

-0.54 (-1.28%)

12:37
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Sanofi granted U.K. marketing authorization for TIV High Dose »

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  • 28

    Jan

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  • 28

    Apr

RTN

Raytheon

$165.11

2.285 (1.40%)

12:33
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IBCP

Independent Bank

$22.80

-0.11 (-0.48%)

11:26
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Independent Bank boosts quarterly dividend by 20% to 18c »

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  • 29

    Jan

11:25
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EDIT

Editas Medicine

$26.16

-0.01 (-0.04%)

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GOOG

Alphabet

$1,098.25

6.96 (0.64%)

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Alphabet Class A

$1,106.92

7.52 (0.68%)

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$1,098.25

6.96 (0.64%)

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Alphabet Class A

$1,106.92

7.52 (0.68%)

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  • 24

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LAD

Lithia Motors

$87.13

1.57 (1.84%)

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  • 21

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CYDY

CytoDyn

$0.00

(0.00%)

10:25
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  • 21

    Jan

ABT

Abbott

$71.43

0.9 (1.28%)

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  • 23

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SFUN

Fang Holdings

$1.88

-0.01 (-0.53%)

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TS

Tenaris

$24.32

0.64 (2.70%)

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PAAS

Pan American Silver

$14.17

-0.31 (-2.14%)

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