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STLD

Steel Dynamics

$30.10

-0.8 (-2.59%)

, NUE

Nucor

$53.05

-2.17 (-3.93%)

11:06
05/17/19
05/17
11:06
05/17/19
11:06

U.S. set to remove steel and aluminum tariffs on Canada, Mexico, Bloomberg says

The United States is set to remove steel and aluminum tariffs on Canada and Mexico in favor of stronger enforcement actions, a move that helps provide the pathway for USMCA ratification, Bloomberg reports, citing people familiar with the matter. The effective date for lifting the tariffs remains the outstanding issue, the report says. Publicly traded companies in the steel space include AK Steel (AKS), ArcelorMittal (MT), Nucor (NUE), Steel Dynamics (STLD), TimkenSteel (TMST) and U.S. Steel (X). Publicly traded companies in the aluminum space include Alcoa (AA), Arconic (ARNC), Century Aluminum (CENX), Constellium (CSTM) and Kaiser Aluminum (KALU). Reference Link

STLD

Steel Dynamics

$30.10

-0.8 (-2.59%)

NUE

Nucor

$53.05

-2.17 (-3.93%)

MT

ArcelorMittal

$16.22

-0.635 (-3.77%)

AKS

AK Steel

$2.31

-0.035 (-1.50%)

TMST

TimkenSteel

$8.58

-0.27 (-3.05%)

X

U.S. Steel

$14.58

-0.32 (-2.15%)

AA

Alcoa

$24.69

-0.55 (-2.18%)

ARNC

Arconic

$22.18

0.06 (0.27%)

CENX

Century Aluminum

$6.92

-0.255 (-3.55%)

CSTM

Constellium

$9.24

-0.095 (-1.02%)

KALU

Kaiser Aluminum

$92.91

-1.23 (-1.31%)

  • 23

    May

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    Jun

  • 06

    Jun

STLD Steel Dynamics
$30.10

-0.8 (-2.59%)

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.
03/19/19
JPMS
03/19/19
NO CHANGE
JPMS
JPMorgan cuts steel estimates on 'steeper than expected' price decline
JPMorgan analyst Michael Gambardella lowered his 2019 estimates for AK Steel (AKS), Nucor (NUE), Steel Dynamics (STLD) and U.S. Steel (X) to reflect the "steeper than expected" price decline for steel sheet prices in Q4 of 2018 and the lagged impact on Q1 of 2019. However, the analyst believes prices have bottomed and he sees improving steel prices going into Q2. Demand remains solid, and global iron ore prices have moved higher along with U.S. scrap prices, Gambardella tells investors in a research note. He keeps an Overweight rating on all four names while lowering his price target for Nucor to $81 from $83, for Steel Dynamics to $46 from $51 and for U.S. Steel to $33 from $34.
05/08/19
UBSW
05/08/19
UPGRADE
Target $47
UBSW
Buy
Steel Dynamics upgraded to Buy from Neutral at UBS
UBS analyst Andreas Bokkenheuser upgraded Steel Dynamics to Buy from Neutral and raised his price target for the shares to $47 from $35.50.
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.
NUE Nucor
$53.05

-2.17 (-3.93%)

03/18/19
STPT
03/18/19
UPGRADE
STPT
Buy
Nucor upgraded to Buy from Hold at Standpoint Research
03/11/19
03/11/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. JetBlue (JBLU) downgraded to Equal Weight from Overweight at Barclays with analyst Brandon Oglenski lowering his price target for the shares to $20 from $27. 2. Nucor (NUE) downgraded to Neutral from Buy at Longbow with analyst Chris Olin saying his carbon steel market checks indicate muted demand growth for all major products, with negative momentum most apparent for plate, merchant bar and SBQ. 3. Oracle (ORCL) downgraded to Reduce from Buy at Nomura Instinet with analyst Christopher Eberle saying Oracle's buyback program has helped drive the stock to near all-time highs, but the rate of $10B in buybacks per quarter "can't last forever." 4. Greenbrier (GBX) and Trinity Industries (TRN) downgraded to Sector Weight from Overweight at KeyBanc. 5. Zumiez (ZUMZ) downgraded to Hold from Buy at Pivotal Research with analyst Mitch Kummetz saying the stock's risk/reward is no longer compelling after bouncing 40% off the mid-December lows. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/11/19
03/11/19
DOWNGRADE

Neutral
Nucor downgraded to Neutral on limited earnings visibility at Longbow
As previously reported, Longbow downgraded Nucor to Neutral from Buy. Analyst Chris Olin's carbon steel market checks indicate muted demand growth for all major products, with negative momentum most apparent for plate, merchant bar and SBQ. Further, there has been a "tepid" response to the sheet and rebar price increase announcements, the analyst wrote in a note to investors. Olin lowered Nucor's full year estimate to better reflect only a partial acceptance of recent mill price increases, rising material costs, and a modest contraction in mini-mill metal spreads and expects management to lower the current year estimate to better reflect increased risks.
MT ArcelorMittal
$16.22

-0.635 (-3.77%)

04/15/19
KEYB
04/15/19
INITIATION
KEYB
Sector Weight
ArcelorMittal initiated with a Sector Weight at KeyBanc
KeyBanc analyst Philip Gibbs initiated ArcelorMittal with a Sector Weight.
04/15/19
04/15/19
INITIATION

Sector Weight
KeyBanc sees limited catalysts for ArcelorMittal, initiates with Sector Weight
As previously reported, KeyBanc analyst Philip Gibbs started coverage of ArcelorMittal with a Sector Weight saying that while he likes its organic/inorganic pipeline and focus on financial deleveraging, the fruits of the company's strategic actions require execution, capex, and duration, with much of the potential returns beginning in mid-2021. Macro dynamics warrant caution, as Gibbs expects slowing demand growth within key markets and tightening global steel spreads to yield Street EBITDA downside revisions, offering limited near-term catalysts.
05/13/19
KEYB
05/13/19
NO CHANGE
KEYB
Chinese tariffs negative for Schnitzer Steel, positive for Luxfer, says KeyBanc
KeyBanc analyst Philip Gibbs notes that the Trump administration announced the U.S. will be ratcheting up import tariffs to 25% from 10% on about $200B worth of Chinese goods. All else equal, Gibbs sees this as a modest negative for steel producers as key consumables remain sticky, and a relative neutral for ArcelorMittal (MT) given its global exposure. On steelmaking raw materials, the analyst sees this as a neutral for Cleveland-Cliffs (CLF) and a negative for Schnitzer Steel (SCHN), with the latter in the heart of challenged non-ferrous export markets. He also views this largely as a neutral for distributors, with perhaps a modest positive of Worthington's (WOR) Cylinders segment. Clearer winners appear to be Global Brass and Copper (BRSS), Luxfer (LXFR), and Materion (MTRN), whereby it will be tougher for the Chinese to compete within the U.S. in its core businesses.
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.
AKS AK Steel
$2.31

-0.035 (-1.50%)

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.
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.
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.
TMST TimkenSteel
$8.58

-0.27 (-3.05%)

02/26/19
02/26/19
DOWNGRADE
Target $13.5

Market Perform
TimkenSteel downgraded to Market Perform on valuation at Cowen
As previously reported, Cowen downgraded TimkenSteel to Market Perform from Outperform and raised its price target to $13.50 from $12. Analyst Tyler Kenyon views risk/reward as more balanced and said shares reflect potential appreciation of annual contract upside.
02/26/19
COWN
02/26/19
DOWNGRADE
COWN
Market Perform
TimkenSteel downgraded to Market Perform from Outperform at Cowen
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.
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.
X U.S. Steel
$14.58

-0.32 (-2.15%)

04/11/19
BOFA
04/11/19
DOWNGRADE
Target $18
BOFA
Underperform
BofA double downgrades U.S. Steel to Underperform on worse U.S. conditions
BofA Merrill Lynch analyst Timna Tanners double downgraded U.S. Steel, to Underperform from Buy, citing worse near-term U.S. market conditions than she anticipated. Her channel checks indicate that recent price hikes have not stuck and that benchmark hot rolled coil prices have retreated to their yearly lows in recent days, Tanners tells investors. Given sharply lower scrap prices are pressuring U.S. steel prices, she sees limited catalysts and cut her price target for U.S. Steel shares to $18 from $31.
04/11/19
04/11/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Chipotle (CMG) downgraded to Hold from Buy at Jefferies with analyst Andrew Barish saying after rallying 65% in Q1, Chipotle's valuation is full and reflects improved visibility for "powerful" same-store-sales and margin drivers. 2. Eli Lilly (LLY) downgraded to Neutral from Buy at Guggenheim with analyst Seamus Fernandez saying while he expects updates at the American Diabetes Association meeting to be broadly positive, he sees limited upside for the stock from current levels until Lilly's overall immunology portfolio and competition from Novo Nordisk's (NVO) semaglutide franchise is more fully understood. 3. U.S. Steel (X) downgraded to Underperform from Buy at BofA/Merrill with analyst Timna Tanners citing worse near-term U.S. market conditions than she anticipated. 4. Keurig Dr Pepper (KDP) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Dara Mohsenian saying she sees a negative risk-reward despite a "well telegraphed" Q1 earnings beat on strong pricing at heritage Dr. Pepper Snapple. 5. Waste Management (WM) downgraded to Hold from Buy at Stifel with analyst Michael Hoffman saying he factors in incrementally weaker paper prices and the impact of wet weather. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/06/19
BMOC
05/06/19
NO CHANGE
Target $17
BMOC
Market Perform
U.S. Steel price target lowered to $17 from $23 at BMO Capital
BMO Capital analyst David Gagliano lowered his price target on U.S. Steel to $17 and kept his Market Perform rating after the company disclosed a $1B Mon Valley Works investment along with its Q1 results. The analyst contends that the spending marks a "valuation overhang" for U.S. Steel shares amid the softer underlying market conditions and a challenging longer-term competitive environment, generating "little if any" free cash flow for the foreseeable future.
05/08/19
UBSW
05/08/19
DOWNGRADE
Target $10
UBSW
Sell
U.S. Steel downgraded to Sell from Neutral at UBS
UBS analyst Andreas Bokkenheuser downgraded U.S. Steel to Sell from Neutral with a $10 price target.
AA Alcoa
$24.69

-0.55 (-2.18%)

04/22/19
04/22/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. IPG Photonics (IPGP) upgraded to Buy from Neutral at BofA/Merrill. 2. Caleres (CAL) upgraded to Buy from Hold at Needham with analyst Rick Patel saying that his recent meeting with its CEO and CFO have given him an added confidence about the FY19 EPS guidance being "achievable and likely beatable." 3. Viavi (VIAV) upgraded to Neutral from Underweight at JPMorgan with analyst Samik Chatterjee saying the "buildup of industry tailwinds" in the form of 5G network deployments as well as fiber densification and adoption of 3D Sensing should drive medium-term growth above expectations. 4. Alcoa (AA) upgraded to Buy from Hold at Gabelli. 5. Lam Research (LRCX) upgraded to Buy from Neutral at B. Riley FBR with analyst Craig Ellis saying he sees "increasingly visible recent signs" of a cyclical trough in Q1. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/22/19
GABE
04/22/19
UPGRADE
GABE
Buy
Alcoa upgraded to Buy from Hold at Gabelli
04/18/19
BMOC
04/18/19
NO CHANGE
Target $40
BMOC
Outperform
Alcoa price target lowered to $40 from $45 at BMO Capital
BMO Capital analyst David Gagliano lowered his price target on Alcoa to $40 after its Q1 earnings miss, saying that the results were weighed down by the 20% sequential decline in alumina prices. The analyst also lowers his FY19 EPS view by $1.01 to 78c on lower price assumptions but keeps his Outperform rating longer term, saying the stock offers a "favorable risk/reward for exposure to aluminum that is poised to rebound over the next 12 months."
04/18/19
JPMS
04/18/19
NO CHANGE
Target $52
JPMS
Overweight
Alcoa estimates and price target lowered at JPMorgan
JPMorgan analyst Michael Gambardella reduced his estimates for Alcoa to reflect lower earnings estimates for the company's Aluminum segment. However, Gambardella expects Alcoa's earnings to "take a step up" in the second half of 2019 and believes its efforts to improve operational performance and optimize its portfolio should continue to drive value this year and next. He lowered his price target for the shares to $52 from $60 but keeps an Overweight rating on the name. Gambardella does not see much further downside in alumina or aluminum prices, which he says creates an attractive risk/reward for Alcoa shares.
ARNC Arconic
$22.18

0.06 (0.27%)

01/14/19
01/14/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Delta Air Lines (DAL) downgraded to Neutral from Buy at BofA/Merrill with analyst Andrew Didora saying his Flight Indicator data analysis suggests a "deceleration in domestic PRASM" in the first half of the year, coupled with other slowing demand indicators that include "weak ISM survey, declining CEO Confidence, airline pricing growth off highs, currency headwind, and government shutdown." 2. Illinois Tool Works (ITW) downgraded to Neutral from Buy at Citi with analyst Andrew Kaplowtiz saying the company's "overexposure" to "slowing" Europe is a risk. 3. Chevron (CVX) downgraded to Hold from Buy at HSBC with analyst Gordon Gray saying the scale of U.S. supply, and its responsiveness to any significant hike in price, will likely limit the price upside for crude. 4. Arconic (ARNC) downgraded to Neutral from Overweight at JPMorgan with analyst Michael Gambardella citing valuation. 5. XPO Logistics (XPO) downgraded to Sector Weight from Overweight at KeyBanc with analyst Todd Fowler citing his view that the big and bulky final mile market is increasingly competitive, along with ongoing uncertainty around European end markets. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/02/19
GSCO
05/02/19
UPGRADE
Target $26
GSCO
Buy
Arconic upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Matthew Korn upgraded Arconic to Buy from Neutral and raised his price target for the shares to $26 from $21. The company is benefiting from "strategic clarity," Korn tells investors in a research note.
05/02/19
GSCO
05/02/19
UPGRADE
Target $26
GSCO
Buy
Goldman upgrades Arconic to Buy from Neutral on 'strategic clarity'
Goldman Sachs analyst Matthew Korn upgraded Arconic to Buy from Neutral and raised his price target for the shares to $26 from $21. The new information provided with the company's Q1 report is positive for the stock, Korn tells investors in a research note. These include an increase in Arconic's full-year earnings and free cash flow outlook, an accelerated cost savings goal, margin expansion targets, an earnings confidence interval for Boeing 737 MAX build rate uncertainty, and a timeline for the company's planned split into two entities next year, says the analyst. He believes Arconic has gone a long way toward providing "strategic clarity."
05/02/19
05/02/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Clorox (CLX) upgraded to Hold from Sell at Deutsche Bank with analyst Steve Powers saying he views the company's fiscal Q3 results as "disappointing" but believes most of his concerns around competition are now more fairly priced into the shares. 2. Arconic (ARNC) upgraded to Buy from Neutral at Goldman Sachs with analyst Matthew Korn saying the company is benefiting from "strategic clarity." 3. Qualcomm (QCOM) was upgraded to Strong Buy from Outperform at Raymond James and to Buy from Neutral at BofA/Merrill. 4. Zynga (ZNGA) upgraded to Outperform from Neutral at Baird with analyst Colin Sebastian saying last night's better than expected Q1 results largely confirm the company's successful turnaround and acquisition strategy, improving organic growth outlook, and its reduced dependence on new game launches. 5. WWE (WWE) upgraded to Buy from Hold at Loop Capital with analyst Alan Gould saying he is taking advantage of the recent pullback in the stock price driven by the "temporary" and "unusual" amount of talent injuries. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
CENX Century Aluminum
$6.92

-0.255 (-3.55%)

10/04/18
RILY
10/04/18
NO CHANGE
Target $20
RILY
Buy
Century Aluminum price target lowered to $20 from $23 at B. Riley FBR
B. Riley FBR analyst Lucas Pipes lowered his price target for Century Aluminum to $20 after adjusting his estimates for the company and Aloca (AA) to reflect expected Q3 price realizations and his firm's upgraded long-term price deck. The analyst keeps a Buy rating on the shares.
12/21/18
MSCO
12/21/18
INITIATION
Target $10
MSCO
Equal Weight
Century Aluminum initiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Piyush Sood started Century Aluminum with an Equal Weight rating and $10 price target, stating that he thinks the stock appears to have "somewhat priced in" an expected decline in alumina pricing next year. While the stock has underperformed backward-integrated peers, Century Aluminum shares are still pricing in positive expectations for 2019, Sood contends, calling out Section 232, capacity growth, and reinvestment in the business as key issues to watch.
01/14/19
BREN
01/14/19
UPGRADE
BREN
Hold
Century Aluminum upgraded to Hold from Sell at Berenberg
01/14/19
BREN
01/14/19
UPGRADE
Target $9
BREN
Hold
Century Aluminum upgraded to Hold on valuation at Berenberg
Berenberg analyst Paretosh Misra upgraded Century Aluminum to Hold from Sell while lowering his price target for the shares to $9 from $10. The analyst cites valuation for the upgrade as he believes risks are now priced into the stock.
CSTM Constellium
$9.24

-0.095 (-1.02%)

07/16/18
JEFF
07/16/18
INITIATION
Target $14
JEFF
Buy
Constellium initiated with a Buy at Jefferies
Jefferies analyst Martin Englert started Constellium with a Buy rating and $14 price target. Management has made notable progress improving the company's maturity schedule and deleveraging, Englert tells investors in a research note. He sees the deleveraging accelerating as the auto-related capacity ramps improve free cash flow.
11/28/18
DBAB
11/28/18
NO CHANGE
DBAB
Buy
Deutsche Bank opens 'Buy Catalyst Call' on Constellium
Deutsche Bank analyst Jeremy Kliewer opens a "Buy Catalyst Call" on Constellium saying the December 13 investor day should provide a catalyst as the Street increases estimates. The analyst expects the equity to outperform peers and the S&P 500 Index as management provides details on how EBITDA and free cash flow should increase.
10/30/18
SOCG
10/30/18
UPGRADE
SOCG
Buy
Constellium upgraded to Buy from Hold at Societe Generale
12/19/18
DBAB
12/19/18
NO CHANGE
Target $15
DBAB
Buy
Deutsche Bank closes short-term idea on Constellium
Deutsche Bank analyst Jeremy Kliewer closed his short-term idea on Constellium but remains "constructive" on the shares as a long term investment opportunity. The short term catalysts have occurred, including color on additional vehicle nominations ramping over the next couple of years and EBITDA guidance, Kliewer tells investors in a research note. The analyst, however, reiterates a Buy rating on Constellium with a $15 price target.
KALU Kaiser Aluminum
$92.91

-1.23 (-1.31%)

07/16/18
JEFF
07/16/18
INITIATION
Target $122
JEFF
Hold
Kaiser Aluminum initiated with a Hold at Jefferies
Jefferies analyst Martin Englert started Kaiser Aluminum with a Hold rating and $122 price target. The analyst says "haphazard" government policy from trade actions have "upended" the global aluminum markets.
10/23/18
JEFF
10/23/18
UPGRADE
Target $123
JEFF
Buy
Jefferies upgrades Kaiser Aluminum to Buy following recent selloff
Jefferies analyst Martin Englert upgraded Kaiser Aluminum (KALU) to Buy from Hold and raised his price target for the shares to $123 from $122. The company's "challenging" Q3 was "somewhat misconstrued" given likely transitory cost headwinds, none of which appear structural, Englert tells investors in a research note. He believes the pullback in shares offers a "tactical opportunity to buy ahead of improving fundamentals." Investors likely underappreciate Kaiser's leverage to ramping aerospace programs into 2019 and 2020, Englert contends. He points out that Kaiser has "significant" exposure to Boeing (BA) programs.
08/13/18
GSCO
08/13/18
DOWNGRADE
Target $101
GSCO
Sell
Kaiser Aluminum downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Matthew Korn downgraded Kaiser Aluminum to Sell from Neutral and lowered his price target to $101 from $105. The analyst says that a mismatch has opened up between the valuation of the stock - 8.9-times forward earnings vs. 7.2-times 5-year average - and the relative strength of its outlook, though he notes that his profitability expansion includes some conservatism. Korn adds that while the headwinds of higher aluminum costs are fading, destocking and commoditization are still weighing on Kaiser Aluminum's markets.
10/23/18
JEFF
10/23/18
UPGRADE
Target $123
JEFF
Buy
Kaiser Aluminum upgraded to Buy from Hold at Jefferies
Jefferies analyst Martin Englert upgraded Kaiser Aluminum to Buy and raised his price target for the shares to $123 from $122.

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  • 17

    Jul

  • 06

    Aug

PSN

Parsons

$31.33

-0.39 (-1.23%)

06:36
06/18/19
06/18
06:36
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06:36
Earnings
Parsons reports Q1 adj. EPS 57c, consensus 13c »

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  • 18

    Jun

SCHW

Charles Schwab

$40.60

-0.41 (-1.00%)

06:36
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06:36
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Charles Schwab rating change  »

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  • 27

    Oct

ALXN

Alexion

$120.11

2.17 (1.84%)

06:35
06/18/19
06/18
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06:35
Hot Stocks
Alexion announces approval of Ultomiris in Japan »

Alexion Pharmaceuticals…

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  • 28

    Jun

GCP

GCP Applied Technologies

$26.36

-0.3 (-1.13%)

06:34
06/18/19
06/18
06:34
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06:34
Hot Stocks
GCP Applied Technologies to pursue standalone strategic plan »

The Board of Directors of…

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NRZ

New Residential

$15.58

0.12 (0.78%)

06:33
06/18/19
06/18
06:33
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06:33
Hot Stocks
New Residential enters into APA to acquire forward assets of Ditech Financial »

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MRK

Merck

$83.30

0.52 (0.63%)

, AZN

AstraZeneca

$39.98

0.3 (0.76%)

06:32
06/18/19
06/18
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06:32
Hot Stocks
Merck, AstraZeneca announce LYNPARZA approved in EU »

AstraZeneca (AZN) and…

MRK

Merck

$83.30

0.52 (0.63%)

AZN

AstraZeneca

$39.98

0.3 (0.76%)

03/08/13
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  • 20

    Jun

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    Jun

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    Jun

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    Jun

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    Jul

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    Jul

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    Aug

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    Sep

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    Sep

TTMI

TTM Technologies

$9.46

0.05 (0.53%)

06:32
06/18/19
06/18
06:32
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06:32
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TTM Technologies analyst commentary  »

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BCE

BCE

$44.29

-0.345 (-0.77%)

06:27
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06/18
06:27
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06:27
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BCE rating change  »

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  • 01

    Aug

JPM

JPMorgan

$109.20

-0.64 (-0.58%)

, GS

Goldman Sachs

$190.74

-0.97 (-0.51%)

06:25
06/18/19
06/18
06:25
06/18/19
06:25
Periodicals
JPMorgan working on secretive digital banking project, TechCrunch reports »

JPMorgan (JPM) is working…

JPM

JPMorgan

$109.20

-0.64 (-0.58%)

GS

Goldman Sachs

$190.74

-0.97 (-0.51%)

03/08/13
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  • 18

    Jun

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  • 06

    Aug

ARRY

Array BioPharma

$46.42

16.83 (56.88%)

06:22
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06/18
06:22
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06:22
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Array BioPharma rating change  »

Array BioPharma…

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TSLA

Tesla

$225.00

10.19 (4.74%)

06:21
06/18/19
06/18
06:21
06/18/19
06:21
Periodicals
Musk deletes tweet attacking Tesla co-founder Eberhard, Business Insider reports »

Tesla CEO Elon Musk…

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DIS

Disney

$140.95

-0.69 (-0.49%)

06:19
06/18/19
06/18
06:19
06/18/19
06:19
Recommendations
Disney analyst commentary  »

Media survey shows strong…

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  • 25

    Jun

RTN

Raytheon

$179.77

2.39 (1.35%)

06:18
06/18/19
06/18
06:18
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06:18
Hot Stocks
Raytheon, Black Sage partner on drone detection »

Raytheon and Black Sage…

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TGI

Triumph Group

$18.69

-1.37 (-6.83%)

06:17
06/18/19
06/18
06:17
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06:17
Hot Stocks
Triumph Group unit to provide engineering services for Mitsubishi Aircraft »

Triumph Group announced…

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  • 18

    Jul

AZN

AstraZeneca

$39.98

0.3 (0.76%)

, MRK

Merck

$83.30

0.52 (0.63%)

06:16
06/18/19
06/18
06:16
06/18/19
06:16
Hot Stocks
AstraZeneca's Lynparza approved as 1st line ovarian cancer maintenance treatment »

AstraZeneca (AZN) and…

AZN

AstraZeneca

$39.98

0.3 (0.76%)

MRK

Merck

$83.30

0.52 (0.63%)

03/08/13
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  • 20

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TGI

Triumph Group

$18.69

-1.37 (-6.83%)

06:15
06/18/19
06/18
06:15
06/18/19
06:15
Hot Stocks
Triumph Group, Air France announce strategic alliance »

Triumph Group and Air…

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  • 18

    Jul

UTX

United Technologies

$124.14

-1.16 (-0.93%)

06:14
06/18/19
06/18
06:14
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06:14
Hot Stocks
United Technologies' Collins Aerospace secures more than $1.5B in agreements »

Collins Aerospace…

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NVDA

Nvidia

$144.98

0.39 (0.27%)

, VOLVY

Volvo

$0.00

(0.00%)

06:12
06/18/19
06/18
06:12
06/18/19
06:12
Hot Stocks
Nvidia, Volvo partner to develop AI platform for autonomous trucks »

The Volvo Group (VOLVY)…

NVDA

Nvidia

$144.98

0.39 (0.27%)

VOLVY

Volvo

$0.00

(0.00%)

03/08/13
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  • 09

    Jul

  • 15

    Aug

AL

Air Lease

$38.66

-0.185 (-0.48%)

, EADSY

Airbus

$0.00

(0.00%)

06:12
06/18/19
06/18
06:12
06/18/19
06:12
Hot Stocks
Air Lease announces lease placement of 6 new Airbus A330-900neos with Virgin »

Air Lease (AL) announced…

AL

Air Lease

$38.66

-0.185 (-0.48%)

EADSY

Airbus

$0.00

(0.00%)

03/08/13
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03/08/13
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  • 13

    Nov

WHD

Cactus

$30.63

-0.505 (-1.62%)

06:10
06/18/19
06/18
06:10
06/18/19
06:10
Recommendations
Cactus analyst commentary  »

Cactus price target…

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