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NUE

Nucor

$54.68

-0.03 (-0.05%)

18:44
07/18/19
07/18
18:44
07/18/19
18:44

Nucor CEO: We are very pleased with the results from the tariffs

In an interview on CNBC's Mad Money, Nucor CEO John Ferriola said: We've had two price increases on our sheet products recently... Strong demand at end of 2018 has carried into 2019... We see a more normalized ordering pattern from our customers now... We have continued to invest in our capabilities... Demand and pricing is normalized now.

  • 18

    Jul

  • 06

    Aug

NUE Nucor
$54.68

-0.03 (-0.05%)

05/30/19
DBAB
05/30/19
DOWNGRADE
Target $53
DBAB
Hold
Nucor downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Chris Terry downgraded Nucor to Hold from Buy and lowered his price target for the shares to $53 from $65. The analyst made rating changes in the Steel and Service Centers space after reviewing his firm's pricing forecasts. Terry says that even though stocks have been already been under pressure, he's cautious on the near term for the Steel and Service Centers sub-sector. The analyst moved his recommendations to a more negative stance and sees value elsewhere, especially in precious metals.
05/31/19
BOFA
05/31/19
DOWNGRADE
Target $50
BOFA
Underperform
Nucor downgraded to Underperform from Buy at BofA/Merrill
BofA Merrill Lynch analyst Timna Tanners double downgraded Nucor, to Underperform from Buy, to incorporate a lower near-term forecast for prices, especially for sheet and rebar, and a lower 2021-2022 forecast given expectations for a looming glut in steel. Nucor produces three of the products that Tanners thinks will be most hurt by new supply: sheet, rebar, and plate. The analyst lowered the price target on Nucor shares to $50 from $68.
05/31/19
05/31/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Mallinckrodt (MNK) downgraded to Neutral from Overweight at Piper Jaffray with analyst David Amsellem stating last week's developments regarding Acthar in the Medicaid setting, along with as much as a $600M Centers for Medicare & Medicaid Services-related liability, "essentially blew" his prior investment thesis to "smithereens." 2. Nucor (NUE) downgraded to Underperform from Buy at BofA/Merrill with analyst Timna Tanners incorporating a lower near-term forecast for prices, especially for sheet and rebar, and a lower 2021-2022 forecast given expectations for a looming glut in steel. 3. J.Jill (JILL) downgraded to Hold from Buy at Deutsche Bank with analyst Lorraine Hutchinson stating that she expects the stock's multiple to contract due to the company's slower growth. 4. Nutanix (NTNX) downgraded to Neutral from Overweight at Piper Jaffray with analyst Andrew Nowinski citing the company's "continued execution issues," which he attributes partially to increasing competition. 5. Zuora (ZUO) downgraded to Buy from Strong Buy at Needham with analyst Scott Berg saying that the stock could be "dead money" for the next 1-2 quarters, noting that the sales issues are more concerning than the product issues and may require a change in sales leadership. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/26/19
JEFF
06/26/19
NO CHANGE
JEFF
Nucor flat rolled price increase likely to help sentiment, says Jefferies
After Nucor (NUE) announced a $40/t flat rolled price increase yesterday, which was the first increase since February, Jefferies analyst Martin Englert said he thinks peers are likely to follow. While the increase may not immediately raise prices, it is a move in the right direction that aids more positive sector sentiment, Englert tell investors. The analyst, who advises investors to increase exposure to steel stocks, names Nucor, Steel Dynamics (STLD), Cleveland-Cliffs (CLF) and Commercial Metals (CMC) as his top U.S. picks Other publicly traded companies in the steel space include AK Steel (AKS), ArcelorMittal (MT), TimkenSteel (TMST) and U.S. Steel (X).

TODAY'S FREE FLY STORIES

LNDC

Landec

$10.99

-0.07 (-0.63%)

06:50
08/23/19
08/23
06:50
08/23/19
06:50
Initiation
Landec initiated  »

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TELL

Tellurian

$9.19

0.9 (10.86%)

06:49
08/23/19
08/23
06:49
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06:49
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Tellurian rating change  »

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AMGN

Amgen

$203.43

-0.41 (-0.20%)

, ALXN

Alexion

$123.51

8.64 (7.52%)

06:48
08/23/19
08/23
06:48
08/23/19
06:48
Recommendations
Amgen, Alexion analyst commentary  »

Amgen deal for Alexion…

AMGN

Amgen

$203.43

-0.41 (-0.20%)

ALXN

Alexion

$123.51

8.64 (7.52%)

03/08/13
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  • 09

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    Oct

FL

Foot Locker

$42.00

2.24 (5.63%)

06:47
08/23/19
08/23
06:47
08/23/19
06:47
Earnings
Foot Locker reports Q2 EPS ex-items 66c, consensus 67c »

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  • 23

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VWAGY

Volkswagen

$0.00

(0.00%)

06:47
08/23/19
08/23
06:47
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06:47
Periodicals
Volkswagen looks for investment in China auto suppliers, Bloomberg says »

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HPQ

HP Inc.

$18.91

-0.04 (-0.21%)

06:46
08/23/19
08/23
06:46
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06:46
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  • 10

    Sep

VMW

VMware

$148.15

0.11 (0.07%)

, PVTL

Pivotal Software

$13.69

0.01 (0.07%)

06:45
08/23/19
08/23
06:45
08/23/19
06:45
Recommendations
VMware, Pivotal Software, Carbon Black analyst commentary  »

VMware price target…

VMW

VMware

$148.15

0.11 (0.07%)

PVTL

Pivotal Software

$13.69

0.01 (0.07%)

CBLK

Carbon Black

$24.52

1.77 (7.78%)

03/08/13
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  • 04

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CEQP

Crestwood Equity

$35.83

-0.21 (-0.58%)

06:43
08/23/19
08/23
06:43
08/23/19
06:43
Upgrade
Crestwood Equity rating change  »

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CRM

Salesforce

$148.26

0.86 (0.58%)

06:39
08/23/19
08/23
06:39
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06:39
Recommendations
Salesforce analyst commentary  »

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  • 28

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EFOI

Energy Focus

$0.47

-0.0022 (-0.47%)

06:39
08/23/19
08/23
06:39
08/23/19
06:39
Hot Stocks
Energy Focus receives Nasdaq notice of noncompliance »

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DHI

D.R. Horton

$50.34

0.89 (1.80%)

06:37
08/23/19
08/23
06:37
08/23/19
06:37
Initiation
D.R. Horton initiated  »

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  • 04

    Sep

HIBB

Hibbett Sports

$17.01

0.845 (5.23%)

06:36
08/23/19
08/23
06:36
08/23/19
06:36
Hot Stocks
Hibbett Sports reports Q2 gross margin 30.3% »

Gross margin was 30.3% of…

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  • 23

    Aug

HIBB

Hibbett Sports

$17.01

0.845 (5.23%)

06:35
08/23/19
08/23
06:35
08/23/19
06:35
Hot Stocks
Hibbett Sports CEO says 'pleased with the second quarter results' »

Jeff Rosenthal, President…

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  • 23

    Aug

HIBB

Hibbett Sports

$17.01

0.845 (5.23%)

06:35
08/23/19
08/23
06:35
08/23/19
06:35
Hot Stocks
Hibbett Sports narrows FY20 CapEx view to $18M-$20M from $18M-$22M »

Raises FY20 share…

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  • 23

    Aug

PHM

PulteGroup

$33.16

0.27 (0.82%)

06:34
08/23/19
08/23
06:34
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06:34
Initiation
PulteGroup initiated  »

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INTC

Intel

$46.76

-0.39 (-0.83%)

06:34
08/23/19
08/23
06:34
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06:34
Periodicals
Intel introduces new-generation 14nm mobile chips, DigiTimes says »

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  • 10

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HPQ

HP Inc.

$18.91

-0.04 (-0.21%)

06:33
08/23/19
08/23
06:33
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06:33
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HP Inc. analyst commentary  »

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  • 10

    Sep

HIBB

Hibbett Sports

$17.01

0.845 (5.23%)

06:33
08/23/19
08/23
06:33
08/23/19
06:33
Earnings
Hibbett Sports raises FY20 adj. EPS view to $2.15-$2.25 from $2.00-$2.15 »

FY20 consensus $2.10.…

03/08/13
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  • 23

    Aug

KBH

KB Home

$28.48

0.31 (1.10%)

06:32
08/23/19
08/23
06:32
08/23/19
06:32
Initiation
KB Home initiated  »

KB Home initiated with a…

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INTU

Intuit

$276.05

-0.29 (-0.10%)

06:32
08/23/19
08/23
06:32
08/23/19
06:32
Recommendations
Intuit analyst commentary  »

Intuit price target…

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  • 27

    Oct

HIBB

Hibbett Sports

$17.01

0.845 (5.23%)

06:30
08/23/19
08/23
06:30
08/23/19
06:30
Earnings
Hibbett Sports reports Q2 adjusted EPS (13c), consensus (16c) »

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03/08/13
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  • 23

    Aug

LEN

Lennar

$51.99

0.43 (0.83%)

06:30
08/23/19
08/23
06:30
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06:30
Initiation
Lennar initiated  »

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  • 23

    Sep

ROST

Ross Stores

$107.31

1.63 (1.54%)

06:27
08/23/19
08/23
06:27
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06:27
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Ross Stores analyst commentary  »

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M

Macy's

$15.57

0.17 (1.10%)

06:25
08/23/19
08/23
06:25
08/23/19
06:25
Downgrade
Macy's rating change  »

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  • 21

    Nov

CRM

Salesforce

$148.26

0.86 (0.58%)

06:25
08/23/19
08/23
06:25
08/23/19
06:25
Recommendations
Salesforce analyst commentary  »

Salesforce results should…

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  • 28

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