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CLF

Cleveland-Cliffs

$9.52

(0.00%)

, VALE

Vale

$12.55

(0.00%)

09:42
04/25/19
04/25
09:42
04/25/19
09:42

Cleveland-Cliffs CEO says Vale is affected most by Atlantic pellet premium

CLF

Cleveland-Cliffs

$9.52

(0.00%)

VALE

Vale

$12.55

(0.00%)

  • 25

    Apr

  • 10

    May

CLF Cleveland-Cliffs
$9.52

(0.00%)

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).
02/08/19
SBSH
02/08/19
NO CHANGE
Target $13
SBSH
Buy
Cleveland-Cliffs price target raised to $13 from $10 at Citi
Citi analyst Alexander Hacking raised his price target for Cleveland-Cliffs to $13 to reflect his firm's higher iron ore price forecasts. Cleveland-Cliffs is expected to generate "materially higher" free cash flow in 2019 through 2022, Hacking tells investors in a research note. He keeps a Buy rating on the shares.
02/08/19
JEFF
02/08/19
NO CHANGE
JEFF
Cleveland-Cliffs price target raised to $13.75 from $11.50 at Jefferies
Jefferies analyst Seth Rosenfeld reiterated a Buy rating on Cleveland-Cliffs, and raised his price target to $13.75 from $11.50, after the company's Q4 earnings report. While the analyst noted that the results "disappointed," the company's "leverage to the reflating steel, iron ore and pellet markets continues to impress." Rosenfeld added that "with a near stranglehold on regional pellet supply," Cleveland-Cliffs "should secure improved contract terms post-2020 as supply tightens."
02/11/19
JPMS
02/11/19
NO CHANGE
Target $17
JPMS
Overweight
Cleveland-Cliffs price target raised to $17 from $15 at JPMorgan
JPMorgan analyst Michael Gambardella raised his price target for Cleveland-Cliffs to $17 saying the shares do not fully reflect the benefits of elevated prices or the company's commercial initiatives. Cleveland-Cliffs should continue to post strong results in 2019 as rising iron ore prices and pellet premiums should roughly offset the impact of falling steel prices and keep the company's average realized price relatively stable year-over-year, Gambardella tells investors in a research note. Further, the HBI project scheduled to start production in the summer of 2020 will benefit Cleveland-Cliffs by allowing it to tap into the growing minimill market and further tighten supplies of pellets going to blast furnaces, adds the analyst. He keeps an Overweight rating on the shares.
VALE Vale
$12.55

(0.00%)

02/19/19
GSCO
02/19/19
INITIATION
Target $12.75
GSCO
Neutral
Vale initiated with a Neutral at Goldman Sachs
As previously reported, Goldman Sachs analyst Thiago Ojea initiated Vale with a Neutral rating and a price target of $12.75 as part of his broader launch of research coverage on Latin America metals sector. The analyst sees Vale as having the "best iron ore assets in the world", with the highest output and lowest cost levels. Ojea also warns that the near term investment focus is constrained by the impact of the Feijao's dam collapse in Brumadinho on January 25, given the decommisioning of upstream dams as well as regulatory reform reducing capacity and raising costs around Vale's expected liability penalties.
03/04/19
SCOT
03/04/19
DOWNGRADE
SCOT
Sector Perform
Vale downgraded to Sector Perform from Outperform at Scotiabank
03/21/19
MAXM
03/21/19
NO CHANGE
Target $10
MAXM
Buy
Seanergy Marine price target lowered to $10 from $37.50 at Maxim
Maxim analyst James Jang lowered his price target on Seanergy Marine (SHIP) to $10 after its Q4 results, saying that while earnings exceeded expectations, his rolled out model to 2021 NAV is also reducing his estimates. The analyst contends that the Vale (VALE) dam collapse will limit iron ore cargo shipments ex-Brazil in 2019 but sees those factors largely impacting only the first half of 2019. Longer term, Jang keeps his Buy rating and says his bullish thesis remains intact.
04/04/19
BMOC
04/04/19
NO CHANGE
Target $13
BMOC
Market Perform
Vale estimates reduced on 'operational challenges' at BMO Capital
BMO Capital analyst Edward Sterck kept his Market Perform rating and $13 price target on Vale but lowered his FY19 EBITDA outlook to $18.5B from $19.9B and his FY20 outlook to $18.1B from $19.8B. The analyst cites the company's recent Q4 results and conference call highlighting "ongoing operational challenges in the ferrous division" with "lower average product grades, reduced premiums, and inflated funding costs." Sterck recommends that investors remain neutral amid ongoing near term uncertainties even though the valuation on Vale relative to competitors looks "compelling".

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CYRN

Cyren

$1.60

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VEC

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CMBM

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VICI

VICI Properties

$21.80

-0.52 (-2.33%)

21:27
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Conference/Events
CLSA Asian tech analysts to hold an analyst/industry conference call »

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GIS

General Mills

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0.04 (0.07%)

, PAYX

Paychex

$84.76

-1.41 (-1.64%)

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BAX

Baxter

$81.71

-0.58 (-0.70%)

19:32
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FB

Facebook

$188.87

-3.69 (-1.92%)

19:21
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PCG

PG&E

$21.62

-0.02 (-0.09%)

19:01
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Periodicals
PG&E bondholders seek control of utility's bankruptcy, SVBJ reports »

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KMI

Kinder Morgan

$20.58

-0.58 (-2.74%)

18:55
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MU

Micron

$32.71

-0.47 (-1.42%)

, FDX

FedEx

$156.00

-4.88 (-3.03%)

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MU

Micron

$32.71

-0.47 (-1.42%)

FDX

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$156.00

-4.88 (-3.03%)

AVAV

AeroVironment

$61.41

-0.52 (-0.84%)

GBT

Global Blood Therapeutics

$62.42

-0.87 (-1.37%)

03/08/13
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18:15
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CMCSA

Comcast

$42.75

-0.85 (-1.95%)

, CMCSK

Comcast

$0.00

(0.00%)

18:06
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Periodicals
NBC to pull 'The Office' from Netflix in 2021, CNBC says »

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CMCSA

Comcast

$42.75

-0.85 (-1.95%)

CMCSK

Comcast

$0.00

(0.00%)

NFLX

Netflix

$360.29

-10.72 (-2.89%)

03/08/13
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FDX

FedEx

$156.00

-4.88 (-3.03%)

18:03
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FDX

FedEx

$156.00

-4.88 (-3.03%)

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QD

Qudian

$8.46

-0.275 (-3.15%)

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FDX

FedEx

$156.00

-4.88 (-3.03%)

, AMZN

Amazon.com

$1,879.26

-34.17 (-1.79%)

17:57
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FDX

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$156.00

-4.88 (-3.03%)

AMZN

Amazon.com

$1,879.26

-34.17 (-1.79%)

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FDX

FedEx

$156.00

-4.88 (-3.03%)

17:56
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FDX

FedEx

$156.00

-4.88 (-3.03%)

17:51
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FDX

FedEx

$156.00

-4.88 (-3.03%)

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FDX

FedEx

$156.00

-4.88 (-3.03%)

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FDX

FedEx

$156.00

-4.88 (-3.03%)

17:38
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FDX

FedEx

$156.00

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CNX

CNX Resources

$6.83

-0.345 (-4.81%)

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