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STLD

Steel Dynamics

$31.46

(0.00%)

, WHR

Whirlpool

$149.29

1.08 (0.73%)

13:41
07/22/19
07/22
13:41
07/22/19
13:41

Notable companies reporting after market close

Notable companies reporting after the market close, with earnings consensus, include TD Ameritrade (AMTD), consensus 97c... Cadence Design Systems (CDNS), consensus 53c... Celanese (CE), consensus $2.35... Zions Bancorp (ZION), consensus $1.10... Whirlpool (WHR), consensus $3.71... Steel Dynamics (STLD), consensus 89c.

STLD

Steel Dynamics

$31.46

(0.00%)

WHR

Whirlpool

$149.29

1.08 (0.73%)

ZION

Zions Bancorp

$45.40

-0.71 (-1.54%)

CE

Celanese

$106.25

-0.76 (-0.71%)

CDNS

Cadence Design

$73.20

0.31 (0.43%)

AMTD

TD Ameritrade

$52.22

0.63 (1.22%)

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STLD Steel Dynamics
$31.46

(0.00%)

06/27/19
DBAB
06/27/19
NO CHANGE
DBAB
Hold
Deutsche Bank places 'Catalyst Call' buy on Steel Dynamics
Deutsche Bank analyst Chris Terry placed a "Catalyst Call" buy on shares of Steel Dynamics (STLD) with the stock down 17% since late November 2018. The analyst keeps a Hold rating on the name but sees a shorter term opportunity for upside. Steel Dynamics is ~70% exposed to flat steel, where pricing is now likely bottoming, Terry tells investors in a research note. In addition, U.S. Steel (X) recently announced 2.5mt of capacity curtailments which could improve sentiment towards pricing and the future supply/demand balance, adds the analyst.
05/30/19
DBAB
05/30/19
DOWNGRADE
DBAB
Hold
Steel Dynamics downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Chris Terry downgraded Steel Dynamics to Hold from Buy to reflect a more negative stance on steel.
05/30/19
DBAB
05/30/19
DOWNGRADE
Target $30
DBAB
Hold
Steel Dynamics downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Chris Terry downgraded Steel Dynamics to Hold from Buy and lowered his price target for the shares to $30 from $44. 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.
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).
WHR Whirlpool
$149.29

1.08 (0.73%)

06/18/19
LBOW
06/18/19
NO CHANGE
LBOW
Buy
Longbow sees Whirlpool shares 'working back' to $145-$190 range
Longbow analyst David MacGregor noted that AHAM Core 6 shipments reported yesterday for May were up 9.9%, which was above his expectations. However, AHAM Core 6 shipments year-to-date are trending below Whirlpool's 2019 North American industry guidance of flat to down 2%, MacGregor pointed out. He still views the stock as attractive heading in the second half of the year and thinks Whirlpool shares can work back into the $145-$190 trading range that extended from 2015 through the first half of 2018. MacGregor keeps a Buy rating on Whirlpool shares.
06/17/19
BUCK
06/17/19
NO CHANGE
Target $135
BUCK
Neutral
Appliance shipment data for May 'very strong,' says Buckingham
Buckingham analyst Megan McGrath noted that the Association of Home Appliance Manufacturers, or AHAM, reported May appliance shipments were up 3% overall and that the "AHAM 6 were up 10%. She calls the data "very strong" and noted that it was better than her expectations. McGrath has a Neutral rating on appliance maker Whirlpool with a $135 price target.
06/06/19
KEYB
06/06/19
UPGRADE
Target $150
KEYB
Overweight
Whirlpool upgraded to Overweight from Sector Weight at KeyBanc
KeyBanc analyst Ken Zener upgraded Whirlpool to Overweight from Sector Weight, with a $150 price target. While he readily admits "obvious upside catalysts are lacking," the analyst believes that his U.S.-centric thesis, coupled with already reduced expectations for North America volume, a long-term European margin recovery only now starting, and a lot of negative sentiment and news flow, is priced in the stock. Overall, Zener thinks Whirlpool remains a U.S. story, with Europe offering upside in time and with Asia the largest unknown variable given tariffs and/or other issues. Brazil remains a "black hole" of demand recovery, but at stable margins, he adds.
07/17/19
BUCK
07/17/19
NO CHANGE
Target $150
BUCK
Neutral
Whirlpool price target raised to $150 from $135 at Buckingham
Buckingham analyst Megan McGrath raised her price target for Whirlpool to $150 from $135 and maintained a Neutral rating ahead of the company's second quarter earnings report. In a research note to investors, McGrath cites stabilizing North American appliance data, lower steel prices and her view that EMEA will begin to make progress on margin improvements this year for the price target increase.
ZION Zions Bancorp
$45.40

-0.71 (-1.54%)

02/21/19
BOFA
02/21/19
NO CHANGE
BOFA
BB&T added to US 1 List, Zions Bancorp removed at BofA/Merrill
04/04/19
JPMS
04/04/19
DOWNGRADE
Target $50
JPMS
Neutral
Zions Bancorp downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Steven Alexopoulos downgraded Zions Bancorp to Neutral from Overweight and lowered his price target for the shares to $50 from $53.
04/04/19
JPMS
04/04/19
NO CHANGE
JPMS
JPMorgan downgrades Comerica, Zions and KeyCorp, upgrades Signature Bank
In an attempt to reduce interest rate "sensitivity," JPMorgan analyst Steven Alexopoulos downgraded Comerica (CMA), Zions Bancorp (ZION) and KeyCorp (KEY) to Neutral from Overweight and upgraded Signature Bank (SBNY) to Overweight from Neutral. The analyst says his bearish call on the bank sector "remains fully intact" even though the stock are "technically now much cheaper" since his October 2018 call. The tailwinds that helped bottom line growth for banks over the past several years will "fully start transitioning into headwinds" during 2019, Alexopoulos tells investors in a research note. He suggests repositioning portfolios away from asset sensitive banks while simultaneously increasing exposure to liability sensitive banks.
06/14/19
UBSW
06/14/19
NO CHANGE
Target $52
UBSW
Neutral
Zions Bancorp earnings estimates lowered at UBS on weaker spread revenue
UBS analyst Brock Vandervliet kept his Neutral rating and $52 price target on Zions Bancorp but lowered his FY19 and FY20 EPS outlook by 12c and 3c to $4.42 and $4.88 respectively. The analyst says his recent meetings with the bank's management have left him more bullish on its small business lending position and technology investments, but he remains concerned over the near term about the "weaker spread revenue" across the sector.
CE Celanese
$106.25

-0.76 (-0.71%)

07/02/19
VERT
07/02/19
DOWNGRADE
VERT
Hold
Celanese downgraded to Hold from Buy at Vertical Research
Vertical Research analyst Kevin McCarthy downgraded Celanese to Hold from Buy, citing challenges in emerging markets and for acetyl products.
06/20/19
BMOC
06/20/19
NO CHANGE
Target $115
BMOC
Market Perform
Celanese price target lowered to $115 from $126 at BMO Capital
BMO Capital analyst John McNulty lowered his price target on Celanese to $115 and kept his Market Perform rating, saying the company's expectations of Q2 conditions being similar with Q1 disclosed in its latest earnings statement are "unlikely" to be met. The analyst cites the "weakening macro-environment, falling commodity prices, and continued destocking" in acetyls, prompting weakness in Celanese's acetic-acid and "modest declines" in its vinyl acetate monomer volumes. Given the "challenging" macro conditions expected in the back half of 2019, McNulty also believes that the management's FY19 outlook is a "stretch".
04/15/19
04/15/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. CVS Health (CVS) downgraded to Perform from Outperform at Oppenheimer with analyst Michael Wiederhorn saying he views it as more of a long-term opportunity given the potential timeline to execute on its strategy and the near-term legacy business challenges. 2. Infosys (INFY) downgraded to Hold from Buy at Deutsche Bank and Investec, to Reduce from Neutral at Nomura Instinet, to Underperform from Neutral at Credit Suisse, to Equal Weight from Overweight at Morgan Stanley, and to Neutral from Buy at Citi and BofA/Merrill. 3. Celanese (CE) downgraded to Hold from Buy at Deutsche Bank with analyst David Begleiter saying the company's leadership transition creates uncertainty. 4. Alliance Data (ADS) downgraded to Underweight from Equal Weight at Stephens and to Market Perform from Outperform at BMO Capital. 5. Wells Fargo (WFC) downgraded to Neutral from Conviction Buy at Goldman Sachs, to In Line from Outperform at Evercore ISI, and to Neutral from Buy at BofA/Merrill and Buckingham. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/29/19
ALMG
04/29/19
UPGRADE
ALMG
Neutral
Celanese upgraded to Neutral from Underweight at Alembic Global
CDNS Cadence Design
$73.20

0.31 (0.43%)

04/23/19
NEED
04/23/19
NO CHANGE
Target $71
NEED
Buy
Cadence Design price target raised to $71 from $64 at Needham
Needham analyst Richard Valera raised his price target on Cadence Design to $71 and kept his Buy rating after its "strong beat and raise" Q1 performance / FY19 outlook. The analyst notes that in spite of "some pockets of weakness", companies involved in AI/machine learning, 5G, and autonomous auto technologies continue to "invest aggressively in design tools" offered by Cadence Design. Valera adds that he is also positive on its entry into the "$4.5B system analysis market with a new 3D Solver product."
04/24/19
FBCO
04/24/19
NO CHANGE
Target $62
FBCO
Neutral
Cadence Design price target raised to $62 from $46 at Credit Suisse
Credit Suisse analyst John Pitzer raised his price target for Cadence Design to $62 from $46 following quarterly results as EDA structural story "marches on." The analyst reiterates a Neutral rating on the shares.
05/14/19
WELS
05/14/19
INITIATION
Target $68
WELS
Market Perform
Cadence Design initiated with a Market Perform at Wells Fargo
Wells Fargo analyst Gary Mobley started Cadence Design Systems with a Market Perform rating and $68 price target. While the analyst likes the company's long-term prospects, he's deterred by the current valuation with the shares within 10% of an all-time high.
05/14/19
WELS
05/14/19
INITIATION
WELS
Market Perform
Cadence Design initiated with a Market Perform at Wells Fargo
AMTD TD Ameritrade
$52.22

0.63 (1.22%)

04/24/19
DBAB
04/24/19
NO CHANGE
DBAB
Buy
TD Ameritrade selloff a good buying opportunity, says Deutsche Bank
Deutsche Bank analyst Brian Bedell views today's post-earnings selloff in shares of TD Ameritrade as a good buying opportunity. The stock in afternoon trading is down 4% to $52.03.
07/11/19
MSCO
07/11/19
DOWNGRADE
MSCO
Equal Weight
TD Ameritrade downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Michael Cyprys downgraded TD Ameritrade to Equal Weight from Overweight.
07/11/19
DBAB
07/11/19
NO CHANGE
DBAB
Deutsche starts 'Catalyst Call' pair trade of long Ameritrade, short Schwab
Deutsche Bank analyst Brian Bedell initiated a short-term "Catalyst Call" pair trade idea of long TD Ameritrade (AMTD) against Charles Schwab (SCHW). The analyst expects Ameritrade to outperform Schwab by at least ~5% through the Q2 earnings season.
07/11/19
MSCO
07/11/19
DOWNGRADE
Target $53
MSCO
Equal Weight
Morgan Stanley downgrades TD Ameritrade to Equal Weight, prefers Charles Schwab
As previously reported, Morgan Stanley analyst Michael Cyprys downgraded TD Ameritrade (AMTD) to Equal Weight from Overweight ahead of Q2 reports from the North American brokers, stating that he sees a more challenging path to revenue growth given the less favorable interest rate and client cash environment. He lowered his EPS estimates across the discount broker stocks he covers by 4% on average for 2019 and by an average of 6% for 2020, noting that he cut his estimates the most for TD Ameritrade in 2020, lowering them by 11% due to lower yields and client cash balances. While 2019 is "shaping up to be a tough year for eBrokers' stocks," Cyprys said he sees Charles Schwab (SCHW) as best positioned for an upside surprise given what he views as "overly bearish" investor sentiment. He cut his price target on TD Ameritrade shares to $53 from $61, lowered his target on Charles Schwab shares to $46 from $53, and dropped his target on E-Trade (ETFC) shares to $55 from $61.

TODAY'S FREE FLY STORIES

ARMK

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EXPI

eXp World Holdings

$8.12

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NAV

Navistar

$29.09

-0.08 (-0.27%)

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MSFT

Microsoft

$138.53

1.13 (0.82%)

, OSTK

Overstock.com

$16.19

-1.41 (-8.01%)

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MSFT

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$138.53

1.13 (0.82%)

OSTK

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$16.19

-1.41 (-8.01%)

BYND

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$153.73

-6.64 (-4.14%)

DRI

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$127.40

1.31 (1.04%)

X

U.S. Steel

$12.45

-0.51 (-3.94%)

PRVB

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0.33 (3.52%)

ARES

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$30.81

0.14 (0.46%)

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09:06
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Conference/Events
Senate Health, Ed, Labor & Pensions Committee to hold a hearing »

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NAV

Navistar

$29.09

-0.08 (-0.27%)

09:05
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Earnings
Navistar sees FY20 revenue $10B-$10.5B, consensus $10.6B »

Sees FY20 adjusted EBITDA…

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APVO

Aptevo Therapeutics

$0.67

0.0004 (0.06%)

09:05
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09:05
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General news
The July Philly Fed drop to a still-firm 12.0 »

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OSTK

Overstock.com

$16.19

-1.41 (-8.01%)

09:03
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MNKD

MannKind

$1.33

-0.055 (-3.97%)

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NAV

Navistar

$29.09

-0.08 (-0.27%)

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AJG

Arthur J. Gallagher

$89.89

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VBIV

VBI Vaccines

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  • 19

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CNC

Centene

$46.02

0.475 (1.04%)

, WCG

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GIII

G-III Apparel

$24.78

0.03 (0.12%)

08:56
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  • 19

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08:56
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08:56
Conference/Events
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T

AT&T

$36.77

-0.39 (-1.05%)

, FDX

FedEx

$150.91

-22.62 (-13.04%)

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Options
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T

AT&T

$36.77

-0.39 (-1.05%)

FDX

FedEx

$150.91

-22.62 (-13.04%)

BAC

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$30.00

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ROKU

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$129.79

-20.64 (-13.72%)

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08:55
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Conference/Events
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European Autos &…

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