Breaking News Instant updates and real-time market news.

MT

ArcelorMittal

$21.95

0.43 (2.00%)

, NUE

Nucor

$61.60

1.715 (2.86%)

05:49
02/13/19
02/13
05:49
02/13/19
05:49

Steel companies stepped up lobbying spending in 2018, WSJ reports

Lobbying spending by steel producers, big beneficiaries of Trump administration tariffs, increased last year to the highest amount in at least two decades and a 20% jump from 2017 to $12.2M, The Wall Street Journal's William Mauldin reports. Mauldin says Nucor (NUE) had the highest lobbying spending among steel producers last year, at $2.23M, including $730,000 paid to Washington law firm Wiley Rein LLP. Other publicly traded companies in the space include AK Steel (AKS), ArcelorMittal (MT), Steel Dynamics (STLD), TimkenSteel (TMST) and U.S. Steel (X). Reference Link

MT

ArcelorMittal

$21.95

0.43 (2.00%)

NUE

Nucor

$61.60

1.715 (2.86%)

STLD

Steel Dynamics

$37.00

0.79 (2.18%)

TMST

TimkenSteel

$12.29

0.44 (3.71%)

X

U.S. Steel

$22.82

0.3 (1.33%)

AKS

AK Steel

$2.98

0.08 (2.76%)

MT ArcelorMittal
$21.95

0.43 (2.00%)

06/07/18
UBSW
06/07/18
DOWNGRADE
UBSW
Sell
ArcelorMittal downgraded to Sell from Buy at UBS
11/09/18
UBSW
11/09/18
UPGRADE
UBSW
Neutral
ArcelorMittal upgraded to Neutral from Sell at UBS
01/30/19
GSCO
01/30/19
DOWNGRADE
GSCO
Neutral
ArcelorMittal downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Eugene King downgraded ArcelorMittal to Neutral and lowered his price target to EUR22.50 from EUR35.50.
04/30/18
JPMS
04/30/18
DOWNGRADE
JPMS
Neutral
Outokumpu downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Luke Nelson downgraded Outokumpu (OUTKY) to Neutral and lowered his price target for the shares to EUR 6 from EUR 11.60. ArcelorMittal (MT) remains the analyst's top pick in European Steel.
NUE Nucor
$61.60

1.715 (2.86%)

01/08/19
COWN
01/08/19
INITIATION
Target $62
COWN
Outperform
Nucor initiated with an Outperform at Cowen
Cowen analyst Tyler Kenyon initiated Nucor with an Outperform and $62 price target.
01/22/19
JEFF
01/22/19
DOWNGRADE
Target $24
JEFF
Hold
Jefferies downgrades U.S. Steel to Hold on guidance risk
Jefferies analyst Seth Rosenfeld downgraded U.S. Steel to Hold from Buy and lowered his price target for the shares to $24 from $38. "Poor" Q4 earnings and Q1 guides will begin to reflect the extent of recent steel margin weakness, Rosenfeld tells investors in a research note. The analyst, while remaining "constructive" on the broader Steel sector, downgraded U.S. Steel to reflect guidance risk and "increasingly challenged" long-term prospects. With both U.S. and European flat steel margins drifting lower, drivers for a "meaningful recovery" at the company are "hard to identify," says the analyst. As such, he believes U.S. Steel's 2019 EBITDA guidance risks disappointing consensus expectations. Rosenfeld's top picks in the U.S. are Nucor (NUE), Commercial Metals (CMC), Steel Dynamics (STLD), Reliance Steel (RS) and Cleveland-Cliffs (CLF).
01/08/19
01/08/19
UPGRADE
Target $70

Outperform
Credit Suisse says Nucor 'oversold,' upgrades to Outperform
As previously reported, Credit Suisse analyst Curt Woodworth upgraded Nucor to Outperform from Neutral as he believes the stock is oversold relative to medium term fundamentals. While the U.S. sheet markets are weak, the long product and plate markets are very strong and account for about 60% of total volume at Nucor, he contends. Further, Woodworth argues that while Nucor's capital spending profile the next few years is high, the company will still have plenty of bandwidth to repurchase shares given Big River is off the table. The analyst also lowered his price target on the shares to $70 from $74.
01/28/19
01/28/19
UPGRADE
Target $21

Equal Weight
Morgan Stanley ups U.S. Steel to Equal Weight on near-term steel price bounce
As previously reported, Morgan Stanley analyst Piyush Sood upgraded U.S. Steel (X) to Equal Weight from Underweight as he thinks the market has sufficiently priced in operational and pricing concerns given the stock's 20% underperformance compared to "mini mills" Steel Dynamics (STLD), Nucor (NUE) and Commercial Metals (CMC) over the last six months. While he thinks a seasonal pickup in U.S. demand should help put a floor under steel pricing, he would look to fade any 3-6 month steel price and sentiment rally, Sood added. He lowered his price target on U.S. Steel shares to $21 from $30.
STLD Steel Dynamics
$37.00

0.79 (2.18%)

02/12/19
LBOW
02/12/19
NO CHANGE
Target $49
LBOW
Buy
Bull-case argument developing for Steel Dynamics, says Longbow
Early channel checks with "high-level" metal service center contacts indicate an upward bias to spot market price expectations on hot rolled coil and cold rolled coil, Longbow analyst Chris Olin told investors earlier in a research note. He believes a "bull-case argument is developing" for Steel Dynamics (STLD) amid an improving near-term carbon sheet price outlook and continued strength in special-bar-quality demand. Further, low-cost steel mini-mills could become indirect beneficiaries of the Brazilian iron ore pellet shortage and global steel price inflation, Olin wrote. He sees a "potential buying opportunity" into Steel Dynamics shares with channel checks "finally showing a turn in sentiment." The analyst has a Buy rating on the shares with a $49 price target.
01/08/19
COWN
01/08/19
INITIATION
Target $32
COWN
Market Perform
Steel Dynamics initiated with a Market Perform at Cowen
Cowen analyst Tyler Kenyon initiated Steel Dynamics with a Market Perform and $32 price target.
TMST TimkenSteel
$12.29

0.44 (3.71%)

07/30/18
KEYB
07/30/18
DOWNGRADE
KEYB
Sector Weight
TimkenSteel downgraded to Sector Weight from Overweight at KeyBanc
07/30/18
07/30/18
DOWNGRADE

Sector Weight
TimkenSteel downgraded to Sector Weight on more balanced risk/reward at KeyBanc
As previously reported, KeyBanc analyst Philip Gibbs downgraded TimkenSteel to Sector Weight from Overweight as he believes the risk-reward on shares is more balanced. The analyst cited a materially lower Q2 pricing/mix baseline, including a retraction in auto, less robust FCFE generation, and a further step down in the billet business in the Q3.
01/08/19
COWN
01/08/19
INITIATION
Target $12
COWN
Outperform
TimkenSteel initiated with an Outperform at Cowen
Cowen analyst Tyler Kenyon initiated Reliance Steel with an TimkenSteel and $12 price target.
X U.S. Steel
$22.82

0.3 (1.33%)

01/28/19
MSCO
01/28/19
UPGRADE
MSCO
Equal Weight
U.S. Steel upgraded to Equal Weight from Underweight at Morgan Stanley
02/11/19
DBAB
02/11/19
NO CHANGE
DBAB
Deutsche Bank closes short-term sell idea on U.S. Steel
Deutsche Bank analyst Chris Terry closed his short term Sell recommendation on US Steel now that the company has reported its Q4 results and provided 2019 guidance "which broadly missed consensus." The analyst maintains a Hold rating on the shares.
02/01/19
ARGS
02/01/19
NO CHANGE
Target $30
ARGS
Buy
U.S. Steel price target lowered to $30 from $40 at Argus
Argus analyst David Coleman lowered his price target on U.S. Steel to $30 after its "strong Q4 but weak guidance", also lowering his FY19 EPS view to 4.53 from $6.00 based on the management's outlook. The analyst is also concerned that the company's spending on asset revitalization plan will weigh on earnings in the near term, even though he sees its long-term outlook as promising. Coleman keeps his Buy rating on U.S. Steel, saying that its 4.9-times forward earnings multiple is well below the peer average valuation of 9.2-times, with shares also "trading below the peer average for price/sales and price/cash flow."
AKS AK Steel
$2.98

0.08 (2.76%)

01/30/19
01/30/19
DOWNGRADE
Target $2.5

Underperform
BofA double downgrades AK Steel to Underperform after outlook disappoints
As previously reported, BofA Merrill Lynch analyst Timna Tanners downgraded AK Steel two notches, to Underperform from Buy, following the company's "disappointing" 2019 guidance, stating that higher contract prices into 2019 were eclipsed by higher raw material costs and maintenance needs. As the most levered U.S. steel company she covers, Tanners believes free cash flow is "critical" to AK Steel and that more limited debt paydown assumptions can hurt sentiment and limit its options, she tells investors. Tanners cut her price target on AK Steel shares in half, lowering it to $2.50 from $5.00 after cutting her 2019/20 EBITDA and EPS estimates.
02/05/19
DBAB
02/05/19
NO CHANGE
Target $2.5
DBAB
Hold
AK Steel price target lowered to $2.50 from $3.50 at Deutsche Bank
Deutsche Bank analyst Chris Terry lowered his price target for AK Steel to $2.50 citing the company's "weaker" 2019 guidance and "elevated" leverage levels. The analyst keeps a Hold rating on the shares citing AK's limited free cash flow generation and continued debt overhang.
01/30/19
BOFA
01/30/19
DOWNGRADE
BOFA
Underperform
AK Steel downgraded to Underperform from Buy at BofA/Merrill
01/30/19
01/30/19
DOWNGRADE

Neutral
AK Steel downgraded to Neutral on guidance and headwinds at Longbow
As previously reported, Longbow downgraded AK Steel to Neutral from Buy. Analyst Chris Olin said current market conditions and management's full year guidance were below his expectations. He now sees potential headwinds developing from slowing US automotive demand, new carbon sheet supply entering the US market, and potentially higher iron ore prices.

TODAY'S FREE FLY STORIES

OBLN

Obalon Therapeutics

$2.17

0.07 (3.33%)

08:03
02/22/19
02/22
08:03
02/22/19
08:03
Earnings
Obalon Therapeutics reports Q4 EPS (39c), consensus (36c) »

Reports Q4 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Feb

  • 18

    May

TTD

Trade Desk

$150.18

0.07 (0.05%)

08:03
02/22/19
02/22
08:03
02/22/19
08:03
Recommendations
Trade Desk analyst commentary  »

Trade Desk price target…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    Mar

  • 06

    Mar

HTH

Hilltop Holdings

$19.63

0.06 (0.31%)

08:03
02/22/19
02/22
08:03
02/22/19
08:03
Hot Stocks
Hilltop Holdings announces retirement of co-CEO Alan White »

Hilltop Holdings…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ABBV

AbbVie

$78.76

-1.26 (-1.57%)

, VYGR

Voyager Therapeutics

$10.70

-0.19 (-1.74%)

08:02
02/22/19
02/22
08:02
02/22/19
08:02
Hot Stocks
AbbVie, Voyager Therapeutics partner to develop vectorized antibodies »

AbbVie (ABBV) and Voyager…

ABBV

AbbVie

$78.76

-1.26 (-1.57%)

VYGR

Voyager Therapeutics

$10.70

-0.19 (-1.74%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Feb

  • 27

    Feb

  • 11

    Mar

  • 18

    May

VNTR

Venator Materials

$6.40

0.115 (1.83%)

08:01
02/22/19
02/22
08:01
02/22/19
08:01
Initiation
Venator Materials initiated  »

Venator Materials resumed…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

KHC

Kraft Heinz

$48.19

-0.05 (-0.10%)

08:01
02/22/19
02/22
08:01
02/22/19
08:01
Recommendations
Kraft Heinz analyst commentary  »

Kraft Heinz price target…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

MCS

Marcus

08:01
02/22/19
02/22
08:01
02/22/19
08:01
Recommendations
Marcus analyst commentary  »

Marcus price target…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 02

    Apr

  • 02

    Apr

  • 06

    Jun

NE

Noble Corp.

$3.12

-0.2 (-6.02%)

08:00
02/22/19
02/22
08:00
02/22/19
08:00
Downgrade
Noble Corp. rating change  »

Noble Corp. downgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    May

SO

Southern Company

$50.22

0.48 (0.97%)

07:59
02/22/19
02/22
07:59
02/22/19
07:59
Upgrade
Southern Company rating change  »

Southern Company upgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

MDRX

Allscripts

$11.93

-0.21 (-1.73%)

07:59
02/22/19
02/22
07:59
02/22/19
07:59
Downgrade
Allscripts rating change  »

Allscripts downgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ES

Eversource

$70.50

0.23 (0.33%)

07:58
02/22/19
02/22
07:58
02/22/19
07:58
Downgrade
Eversource rating change  »

Eversource downgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 04

    Mar

KEYS

Keysight Technologies

$81.74

0.67 (0.83%)

07:56
02/22/19
02/22
07:56
02/22/19
07:56
Recommendations
Keysight Technologies analyst commentary  »

Keysight Technologies…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Feb

CBOE

Cboe Global Markets

$94.92

-0.19 (-0.20%)

07:55
02/22/19
02/22
07:55
02/22/19
07:55
Initiation
Cboe Global Markets initiated  »

Cboe Global Markets…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 12

    Mar

  • 28

    May

LRCX

Lam Research

$178.83

-3.28 (-1.80%)

07:54
02/22/19
02/22
07:54
02/22/19
07:54
Downgrade
Lam Research rating change  »

Lam Research downgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Mar

  • 26

    Mar

TDS

Telephone and Data

$36.69

-0.07 (-0.19%)

07:54
02/22/19
02/22
07:54
02/22/19
07:54
Earnings
Telephone and Data sees FY19 revenue $5.225B-$5.475B, consensus $5.14B »

Sees FY19: adjusted…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Feb

OLED

Universal Display

$118.31

-0.57 (-0.48%)

07:53
02/22/19
02/22
07:53
02/22/19
07:53
Recommendations
Universal Display analyst commentary  »

Universal Display price…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

OLED

Universal Display

$118.31

-0.57 (-0.48%)

07:53
02/22/19
02/22
07:53
02/22/19
07:53
Recommendations
Universal Display analyst commentary  »

Universal Display price…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

KEYS

Keysight Technologies

$81.74

0.67 (0.83%)

07:51
02/22/19
02/22
07:51
02/22/19
07:51
Recommendations
Keysight Technologies analyst commentary  »

Keysight Technologies…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Feb

DLPH

Delphi Technologies

$21.70

3.44 (18.84%)

07:51
02/22/19
02/22
07:51
02/22/19
07:51
Upgrade
Delphi Technologies rating change  »

Delphi Technologies…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TDS

Telephone and Data

$36.69

-0.07 (-0.19%)

07:51
02/22/19
02/22
07:51
02/22/19
07:51
Hot Stocks
Telephone and Data raises quarterly dividend to 16.5c per share »

Payment will be made on…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Feb

BMRN

BioMarin

07:51
02/22/19
02/22
07:51
02/22/19
07:51
Recommendations
BioMarin analyst commentary  »

BioMarin price target cut…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AAOI

Applied Optoelectronics

$14.62

(0.00%)

07:51
02/22/19
02/22
07:51
02/22/19
07:51
Downgrade
Applied Optoelectronics rating change  »

Applied Optoelectronics…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Feb

  • 27

    Feb

  • 28

    Feb

USM

U.S. Cellular

$55.91

-0.62 (-1.10%)

07:50
02/22/19
02/22
07:50
02/22/19
07:50
Earnings
U.S. Cellular sees FY19 revenue $4.1B-$4.3B, consensus $4.03B »

Sees FY19 adjusted EBITDA…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Feb

NCLH

Norwegian Cruise Line

$55.51

1.79 (3.33%)

07:49
02/22/19
02/22
07:49
02/22/19
07:49
Recommendations
Norwegian Cruise Line analyst commentary  »

Norwegian Cruise Line…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 03

    Mar

  • 28

    May

EXAS

Exact Sciences

$83.30

-0.3 (-0.36%)

07:48
02/22/19
02/22
07:48
02/22/19
07:48
Recommendations
Exact Sciences analyst commentary  »

Exact Sciences has upside…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Feb

  • 18

    May

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.