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VALE

Vale

$11.18

-2.465 (-18.07%)

, BHP

BHP Group

$48.21

(0.00%)

18:02
01/28/19
01/28
18:02
01/28/19
18:02

BHP, Vale in talks to restructure $3.8B in debt

BHP (BHP) and Vale (VALE), each of which hold a 50% interest in Samarco, are in talks to restructure $3.8B in debt. The parties have not reached an agreement on restructuring the Samarco financial obligations.

VALE

Vale

$11.18

-2.465 (-18.07%)

BHP

BHP Group

$48.21

(0.00%)

VALE Vale
$11.18

-2.465 (-18.07%)

01/28/19
01/28/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Autohome (ATHM) downgraded to Underweight from Neutral at JPMorgan with analyst Binbin Ding saying he expects the company to see weakened pricing power amid a "challenging" market environment. 2. Vale (VALE) downgraded to Hold from Buy at HSBC and Jefferies, to Neutral from Outperform at Macquarie, and to Market Perform from Outperform at BMO Capital. 3. Amgen (AMGN) downgraded to In Line from Outperform at Evercore ISI with analyst Umer Raffat citing increased biosimilar competition and an imminent court decision on Enbrel patents with Sandoz. 4. Dynagas LNG (DLNG) downgraded to Neutral from Buy at B. Riley FBR with analyst Liam Burke saying the company "significantly" reduced its cash distribution in order to strengthen its balance sheet. 5. SunTrust (STI) and U.S. Bancorp (USB) were downgraded to Neutral from Outperform at Baird. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/28/19
01/28/19
DOWNGRADE
Target $14

Hold
Jefferies downgrades Vale to Hold, says dam break likely to be extended overhang
As previously reported, Jefferies analyst Christopher Lafemina downgraded Vale (VALE) to Hold and cut his price target for the shares to $14 from $18 following the breach of the company's dam in Brazil, which he sees being an overhang on the shares for an extended period. The financial impact is impossible to quantify at present, but it is likely to be significant, Lafemina said. He expects some production disruptions and more stringent safety inspections, adding that he is significantly increasing his iron ore price forecasts in the wake of the news as he now sees the seaborne iron ore market being in deficit this year. Citing his analysis that consensus iron ore price forecasts are too low, Lafemina also upgraded BHP Billiton (BHP) to Buy from Hold and double upgraded Fortescue Metals (FSUGY) to Buy from Underperform this morning.
01/28/19
01/28/19
DOWNGRADE
Target $13

Market Perform
Vale downgraded to Market Perform from Outperform at BMO Capital
As previously reported, BMO Capital Markets analyst Edward Sterck downgraded Vale to Market Perform and lowered his price target for the shares to $13 from $15. The analyst cites the company's inactive tailings dam failure and believes that the impact on its operations may be "substantial" given that the incident marks the second failure in three years with significant loss of life as a result of this event. While it may be difficult to quantify the financial impact of the failure since the dam was independently certified as safe as recently as September 26, 2018, Sterck believes that Vale stock may come under "significant downward pressure near term."
01/28/19
HSBC
01/28/19
DOWNGRADE
Target $14.5
HSBC
Hold
Vale downgraded to Hold from Buy at HSBC
HSBC analyst Jonathan Brandt downgraded Vale to Hold and cut his price target for the shares to $14.50 from $18.
BHP BHP Group
$48.21

(0.00%)

01/28/19
JEFF
01/28/19
UPGRADE
JEFF
Buy
BHP Billiton upgraded to Buy from Hold at Jefferies
Jefferies analyst Christopher Lafemina upgraded BHP Billiton to Buy and raised his price target for the shares to A$38 from A$32.
01/14/19
01/14/19
DOWNGRADE

Buy
BHP Billiton removed from Conviction List, Alumina added at Goldman Sachs
As previously reported, Goldman Sachs analyst Paul Young maintains a Buy rating on BHP Billiton (BHP) but removed the stock from the firm's Conviction List after incorporating the recent price downgrades of iron ore, oil and base metals from the firm's commodity team. He expect BHP to report weak production across most divisions when it reports quarterly results on January 22, but sees production recovering in the second half 2019. Young also added Alumina to his firm's Conviction List while keeping a Buy rating on the shares, stating that he expects alumina margins to decline 12% sequentially in the December quarter on a 7% decline in realized prices. Young sees the upcoming February reporting season as a key catalyst for the Australian bulk miners, as he projects record shareholder returns and "disciplined investment in high-returning growth projects," the analyst added.
01/14/19
GSCO
01/14/19
DOWNGRADE
GSCO
Buy
BHP Billiton downgraded to Buy from Conviction Buy at Goldman Sachs

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TMUS

T-Mobile

$79.88

0.13 (0.16%)

, S

Sprint

$6.46

-0.02 (-0.31%)

10:51
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Hot Stocks
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TMUS

T-Mobile

$79.88

0.13 (0.16%)

S

Sprint

$6.46

-0.02 (-0.31%)

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SIG

Signet Jewelers

$15.36

-0.39 (-2.48%)

10:50
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UAL

United Airlines

$89.13

1.23 (1.40%)

10:50
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INCY

Incyte

$78.05

-0.47 (-0.60%)

10:47
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10/16
10:47
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10:47
Recommendations
Incyte analyst commentary  »

Incyte REACH2 'a…

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PNC

PNC Financial

$143.07

3.51 (2.52%)

10:47
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10/16
10:47
10/16/19
10:47
Hot Stocks
Breaking Hot Stocks news story on PNC Financial »

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PNC

PNC Financial

$143.11

3.55 (2.54%)

10:45
10/16/19
10/16
10:45
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10:45
Hot Stocks
Breaking Hot Stocks news story on PNC Financial »

PNC Financial sees one…

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PNC

PNC Financial

$143.11

3.55 (2.54%)

10:45
10/16/19
10/16
10:45
10/16/19
10:45
Hot Stocks
Breaking Hot Stocks news story on PNC Financial »

PNC Financial sees…

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UAL

United Airlines

$89.05

1.15 (1.31%)

, BA

Boeing

$370.43

-0.56 (-0.15%)

10:43
10/16/19
10/16
10:43
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10:43
Hot Stocks
Breaking Hot Stocks news story on United Airlines, Boeing »

United Airlines says…

UAL

United Airlines

$89.05

1.15 (1.31%)

BA

Boeing

$370.43

-0.56 (-0.15%)

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PNC

PNC Financial

$143.12

3.56 (2.55%)

10:43
10/16/19
10/16
10:43
10/16/19
10:43
Hot Stocks
Breaking Hot Stocks news story on PNC Financial »

PNC Financial says on…

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UAL

United Airlines

$88.99

1.09 (1.24%)

10:42
10/16/19
10/16
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10:42
Hot Stocks
United Airlines plans to increase aircraft size to help with costs »

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  • 16

    Oct

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    Nov

CBRE

CBRE Group

$52.66

0.19 (0.36%)

10:40
10/16/19
10/16
10:40
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10:40
Options
Size put roll is legged in CBRE Group »

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  • 06

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10:35
10/16/19
10/16
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10:35
General news
FX Action: USD-CAD »

FX Action: USD-CAD popped…

PNC

PNC Financial

$142.83

3.27 (2.34%)

10:34
10/16/19
10/16
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10:34
Hot Stocks
PNC Financial notes 'obvious unanswered questions' about operating environment »

Comments taken from Q3…

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  • 16

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ALXN

Alexion

$102.75

-2.095 (-2.00%)

, ACHN

Achillion

$6.34

2.685 (73.46%)

10:31
10/16/19
10/16
10:31
10/16/19
10:31
Recommendations
Alexion, Achillion analyst commentary  »

Piper likes Alexion…

ALXN

Alexion

$102.75

-2.095 (-2.00%)

ACHN

Achillion

$6.34

2.685 (73.46%)

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  • 16

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IRBT

iRobot

$59.38

1.59 (2.75%)

10:28
10/16/19
10/16
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iRobot analyst commentary  »

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  • 23

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WBA

Walgreens Boots Alliance

$54.85

0.34 (0.62%)

10:25
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Options
Walgreen Boots call volume above normal and directionally bullish »

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  • 28

    Oct

10:25
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General news
Treasury Action: yields remain on the richer side »

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Conference/Events
House Energy & Commerce Committee to hold a hearing »

The Subcommittee on…

ABC

AmerisourceBergen

$88.20

5.02 (6.04%)

, CAH

Cardinal Health

$50.83

2.9 (6.05%)

10:25
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Conference/Events
Wolfe Research healthcare tech analyst to hold an analyst/industry webcast »

Healthcare Technology…

ABC

AmerisourceBergen

$88.20

5.02 (6.04%)

CAH

Cardinal Health

$50.83

2.9 (6.05%)

MCK

McKesson

$148.00

9.83 (7.11%)

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VZ

Verizon

$60.11

-0.44 (-0.73%)

, CMCSA

Comcast

$45.42

-0.25 (-0.55%)

10:21
10/16/19
10/16
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10:21
Initiation
Fly Intel: Top five analyst initiations »

Catch up on today's…

VZ

Verizon

$60.11

-0.44 (-0.73%)

CMCSA

Comcast

$45.42

-0.25 (-0.55%)

T

AT&T

$37.95

0.045 (0.12%)

INOV

Inovalon

$15.19

0.145 (0.96%)

ASMB

Assembly Biosciences

$10.95

1.65 (17.74%)

CDXC

ChromaDex

$3.19

0.19 (6.33%)

AXSM

Axsome Therapeutics

$20.68

0.03 (0.15%)

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  • 19

    Nov

ADBE

Adobe

$267.83

-11.57 (-4.14%)

, AYI

Acuity Brands

$122.30

-2.51 (-2.01%)

10:20
10/16/19
10/16
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10:20
Downgrade
Fly Intel: Top five analyst downgrades »

Catch up on today's…

ADBE

Adobe

$267.83

-11.57 (-4.14%)

AYI

Acuity Brands

$122.30

-2.51 (-2.01%)

COST

Costco

$296.18

-2.24 (-0.75%)

NOW

ServiceNow

$251.66

-22.94 (-8.35%)

XOG

Extraction Oil & Gas

$2.47

-0.18 (-6.79%)

03/08/13
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  • 23

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    Dec

JNJ

Johnson & Johnson

$135.77

2.93 (2.21%)

, FMC

FMC Corporation

$84.39

1.33 (1.60%)

10:20
10/16/19
10/16
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Upgrade
Fly Intel: Top five analyst upgrades »

Catch up on today's…

JNJ

Johnson & Johnson

$135.77

2.93 (2.21%)

FMC

FMC Corporation

$84.39

1.33 (1.60%)

PSTG

Pure Storage

$17.92

0.27 (1.53%)

PDFS

PDF Solutions

$14.29

1.08 (8.18%)

BLDR

Builders FirstSource

$22.13

0.59 (2.74%)

BMCH

BMC Stock Holdings

$26.94

0.79 (3.02%)

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  • 30

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    Dec

WE

We Company

$0.00

(0.00%)

, SFTBF

SoftBank

$0.00

(0.00%)

10:20
10/16/19
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10:20
Periodicals
SoftBank to give We Company $5B financing, won't take majority stake, NAR says »

SoftBank Group (SFTBF)…

WE

We Company

$0.00

(0.00%)

SFTBF

SoftBank

$0.00

(0.00%)

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CRLBF

Cresco Labs

$0.00

(0.00%)

10:18
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10:18
Hot Stocks
Cresco Labs receives adult-use approval for all five Illinois dispensaries »

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  • 14

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