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FSUGY

Fortescue Metals

$0.00

(0.00%)

, RIO

Rio Tinto

$48.78

(0.00%)

06:48
08/13/19
08/13
06:48
08/13/19
06:48

Fortescue Metals upgraded to Buy from Neutral at Goldman Sachs

Goldman Sachs analyst Paul Young upgraded Fortescue Metals (FSUGY) to Buy from Neutral with an increased price target of A$9.80. The analyst cites valuation for the upgrade. He thinks iron ore will rebound to $110-$115 per ton in Q4 post Chinese Golden week and recommends investors buy Rio Tinto (RIO) and Fortescue post the recent share price weakness.

FSUGY

Fortescue Metals

$0.00

(0.00%)

RIO

Rio Tinto

$48.78

(0.00%)

  • 25

    Sep

FSUGY Fortescue Metals
$0.00

(0.00%)

04/01/19
VERF
04/01/19
UPGRADE
VERF
Buy
Fortescue Metals upgraded to Buy from Sell at Vertical Group
Vertical Group analyst Gordon Johnson double upgraded Fortescue Metals to Buy from Sell with a six-month price target of A$8.88. The analyst has a positive near-term bias after updating his iron ore supply-demand model, which now shows a deficit in 2019 of 27.4Mmt versus his prior estimate for a surplus of 11.0Mmt.
06/26/19
VERF
06/26/19
DOWNGRADE
VERF
Sell
Fortescue Metals downgraded to Sell from Buy at Vertical Group
Vertical Group analyst Gordon Johnson downgraded Fortescue Metals to Sell from Buy, citing a likely end to the stock rally. Johnson believes the impending return of Vale's Brucutu/other mines could tip the scale of iron ore supply from deficit to surplus, and feels an accelerating slowdown in China will result in lower steel output, and hence, sees greater risk to Fortescue Metals earnings.
06/27/19
VERF
06/27/19
DOWNGRADE
VERF
Sell
Fortescue Metals Sell from Buy at Vertical Group
Vertical Group analyst Gordon Johnson double downgraded Fortescue Metals to Sell from Buy and lowered his price target for the shares to A$5.40 from A$8.90. His new price target implies 38% downside in the shares. The "magnificent rally" in iron ore prices looks to be coming to an end, Johnson tells investors in a research note.
08/06/19
JEFF
08/06/19
DOWNGRADE
JEFF
Hold
Fortescue Metals downgraded to Hold from Buy at Jefferies
Jefferies analyst Christopher Lafemina downgraded Fortescue Metals to Hold from Buy and lowered his price target for the shares to A$7.50 from A$10.50. A number of negative catalysts have emerged for miners, including the escalation of trade wars, devaluation of the yuan and tightening measures in the Chinese property market, Lafemina tells investors in a research note. Most miners have been relying on capital returns to attract investors, prioritizing dividends and share buy backs over new investments, says the analyst. However, he now expects declining earnings and free cash flow to drive declining capital returns, thereby removing a source of support for the stocks.
RIO Rio Tinto
$48.78

(0.00%)

07/24/19
FBCO
07/24/19
DOWNGRADE
FBCO
Underperform
Rio Tinto downgraded to Underperform from Neutral at Credit Suisse
Credit Suisse analyst Sam Webb downgraded Rio Tinto to Underperform from Neutral with a price target of A$92, lowered from A$95. The analyst expects iron ore prices to inflect lower, which the stock to follow.
08/06/19
JEFF
08/06/19
DOWNGRADE
Target $57
JEFF
Hold
Rio Tinto downgraded to Hold from Buy at Jefferies
Jefferies analyst Christopher Lafemina downgraded Rio Tinto to Hold from Buy and lowered his price target for the shares to $57 from $74. A number of negative catalysts have emerged for miners, including the escalation of trade wars, devaluation of the yuan and tightening measures in the Chinese property market, Lafemina tells investors in a research note. Most miners have been relying on capital returns to attract investors, prioritizing dividends and share buy backs over new investments, says the analyst. However, he now expects declining earnings and free cash flow to drive declining capital returns, thereby removing a source of support for the stocks.
08/06/19
08/06/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Chemours (CC) downgraded to Hold from Buy at Argus with analyst David Coleman citing its Q2 earnings miss and lowered FY19 guidance driven by lower volume in its Titanium Technologies business. 2. Trex Company (TREX) downgraded to Neutral from Buy at Sidoti with analyst Frank Camma citing valuation. 3. RE/MAX Holdings (RMAX) downgraded to Neutral from Buy at Compass Point. 4. Rio Tinto (RIO), BHP Group (BHP), Arch Coal (ARCH), Consol Coal (CCR), and Warrior Met Coal (HCC) downgraded to Hold from Buy at Jefferies. 5. nVent Electric (NVT) downgraded to Neutral from Buy at Buckingham with analyst Robert Barry saying he now sees only low-single to high-single digit EPS growth in the second half of 2019 and in 2020 and has less confidence there's a growth recovery or a margin improvement story in Thermal. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/13/19
JPMS
08/13/19
UPGRADE
JPMS
Overweight
Rio Tinto upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Lyndon Fagan upgraded Rio Tinto to Overweight from Neutral while lowering his price target for the shares to A$105 from A$106. The analyst cites valuation for the upgrade following the 20% pullback in the shares.

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ULTA

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MXIM

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GLD

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AUMN

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DMPI

DelMar Pharmaceuticals

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RTN

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17:22
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UHAL

Amerco

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NTLA

Intellia Therapeutics

$15.77

-1.08 (-6.41%)

17:20
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GD

General Dynamics

$183.42

-4.19 (-2.23%)

17:19
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NVLN

Novelion Therapeutics

$0.66

-0.0523 (-7.37%)

17:17
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Stonepine Capital reports 6.1% passive stake in Novelion Therapeutics »

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LMT

Lockheed Martin

$376.85

-8.91 (-2.31%)

17:14
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ONCS

OncoSec

$1.84

-0.03 (-1.60%)

17:14
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Breaking Syndicate news story on OncoSec »

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TNXP

Tonix Pharmaceuticals

$0.42

-0.0249 (-5.60%)

17:09
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17:09
Syndicate
Breaking Syndicate news story on Tonix Pharmaceuticals »

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  • 25

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$284.86

-7.5 (-2.57%)

17:08
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17:08
General News
Trump to raises tariff rates on Chinese goods, CNBC says »

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SPX

S&P 500

$0.00

(0.00%)

SPY

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$284.86

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ATIS

Attis Industries

$1.03

-0.08 (-7.21%)

17:06
08/23/19
08/23
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17:06
Hot Stocks
Attis Industries provides update on status of Nasdaq listing »

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