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RIO

Rio Tinto

$50.60

1.35 (2.74%)

, BHP

BHP Group

$49.16

1.02 (2.12%)

04:47
09/03/19
09/03
04:47
09/03/19
04:47

Rio Tinto upgraded to Outperform from Market Perform at BMO Capital

BMO Capital analyst Edward Sterck upgraded Rio Tinto (RIO) to Outperform from Market Perform with an unchanged price target of 47.50 pounds. Down almost 20% from its highs, the stock is now pricing in an iron price below current levels and trading at an "unwarranted discount" to BHP Group (BHP), Sterck tells investors in a research note. The analyst continues to prefer Rio Tinto and its corporate strategy over BHP's. In the absence of a rally in oil and gas prices, Rio Tinto is the better stock to own of the two, says Sterck.

RIO

Rio Tinto

$50.60

1.35 (2.74%)

BHP

BHP Group

$49.16

1.02 (2.12%)

  • 25

    Sep

RIO Rio Tinto
$50.60

1.35 (2.74%)

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.
08/13/19
GSCO
08/13/19
UPGRADE
GSCO
Buy
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.
BHP BHP Group
$49.16

1.02 (2.12%)

08/06/19
JEFF
08/06/19
DOWNGRADE
Target $46.5
JEFF
Hold
BHP Group downgraded to Hold from Buy at Jefferies
Jefferies analyst Christopher Lafemina downgraded BHP Group to Hold from Buy and lowered his price target for the shares to $46.50 from $60. 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.
08/16/19
BOFA
08/16/19
DOWNGRADE
BOFA
Underperform
BHP Group downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill analyst Jason Fairclough downgraded BHP Group to Underperform from Neutral saying the Chinese economy is likely to get worse before getting better.
08/16/19
08/16/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. BHP Group (BHP) downgraded to Underperform from Neutral at BofA/Merrill with analyst Jason Fairclough saying the Chinese economy is likely to get worse before getting better. 2. Hexcel (HXL) downgraded to Sell from Neutral at Goldman Sachs with analyst Noah Poponak saying after re-rating year-to-date, the shares are the high-end of the historical valuation range. 3. Tapestry (TPR) downgraded to Perform from Outperform at Oppenheimer, to Neutral from Buy at MKM Partners, to Neutral from Conviction Buy at Goldman Sachs, to Neutral from Overweight at Piper Jaffray, and to Neutral from Outperform at Credit Suisse. 4. Whiting Petroleum (WLL) downgraded to Market Perform from Outperform at Wells Fargo with analyst Gordon Douthat saying the company's free cash generation potential is highly sensitive to oil price levels. 5. Best Inc (BEST) downgraded to Sector Weight from Overweight at KeyBanc with analyst Hans Chung citing the company's Q2 results. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

STX

Seagate

$56.92

0.88 (1.57%)

13:35
09/18/19
09/18
13:35
09/18/19
13:35
Options
Seagate put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 19

    Sep

NLSN

Nielsen

$22.45

-0.13 (-0.58%)

13:34
09/18/19
09/18
13:34
09/18/19
13:34
Periodicals
Nielsen acquires minority stake in brand-safety company Open Slate, WSJ reports »

Nielsen Holdings has…

03/08/13
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03/08/13
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03/06/13
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BX

Blackstone

$52.93

-0.57 (-1.07%)

13:30
09/18/19
09/18
13:30
09/18/19
13:30
Periodicals
Blackstone near $2.9B deal to buy Great Wolf Resorts, Bloomberg says »

Privately held…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 18

    Sep

  • 26

    Sep

RUBI

Rubicon Project

$9.36

-0.05 (-0.53%)

, TLRA

Telaria

$8.03

-0.195 (-2.37%)

13:26
09/18/19
09/18
13:26
09/18/19
13:26
Recommendations
Rubicon Project, Telaria, Trade Desk analyst commentary  »

Google auction shift…

RUBI

Rubicon Project

$9.36

-0.05 (-0.53%)

TLRA

Telaria

$8.03

-0.195 (-2.37%)

TTD

Trade Desk

$209.29

-3.72 (-1.75%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 19

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    Sep

  • 25

    Sep

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    Sep

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    Sep

  • 07

    Nov

  • 12

    Nov

FDX

FedEx

$149.76

-23.77 (-13.70%)

13:25
09/18/19
09/18
13:25
09/18/19
13:25
Downgrade
FedEx rating change  »

FedEx downgraded to Hold…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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  • 23

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  • 01

    Oct

  • 13

    Nov

  • 17

    Dec

13:25
09/18/19
09/18
13:25
09/18/19
13:25
Conference/Events
The SEC to hold a meeting to hear oral arguments »

The Commission will hear…

SOLO

ElectraMeccanica

$2.40

0.04 (1.69%)

13:24
09/18/19
09/18
13:24
09/18/19
13:24
Initiation
ElectraMeccanica initiated  »

ElectraMeccanica…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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UN

Unilever; also tag UL

$60.45

0.01 (0.02%)

, PG

Procter & Gamble

$121.47

0.32 (0.26%)

13:23
09/18/19
09/18
13:23
09/18/19
13:23
Recommendations
Unilever; also tag UL, Procter & Gamble, Unilever; also tag UN, Reckitt Benckiser, Henkel, L'Oreal analyst commentary  »

EU Household &…

UN

Unilever; also tag UL

$60.45

0.01 (0.02%)

PG

Procter & Gamble

$121.47

0.32 (0.26%)

UL

Unilever; also tag UN

$61.51

0.05 (0.08%)

RBGLY

Reckitt Benckiser

$0.00

(0.00%)

HENKY

Henkel

$0.00

(0.00%)

LRLCY

L'Oreal

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 01

    Oct

  • 08

    Oct

  • 18

    Oct

  • 12

    Nov

NRC

National Research Corporation

$63.59

1.59 (2.56%)

13:23
09/18/19
09/18
13:23
09/18/19
13:23
Hot Stocks
National Research Corporation director Donald Berwick sold over $433K in shares »

National Research…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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FB

Facebook

$188.14

0.01 (0.01%)

, TWTR

Twitter

$42.66

-0.59 (-1.36%)

13:22
09/18/19
09/18
13:22
09/18/19
13:22
On The Fly
#SocialStocks: Facebook clarifies oversight structure, Snap in talks to add news »

Welcome to…

FB

Facebook

$188.14

0.01 (0.01%)

TWTR

Twitter

$42.66

-0.59 (-1.36%)

SNAP

Snap

$16.77

-0.1 (-0.59%)

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 18

    Sep

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    Oct

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
09/18/19
09/18
13:17
09/18/19
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
09/18/19
09/18
13:16
09/18/19
13:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

03/08/13
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TYL

Tyler Technologies

$259.19

-0.47 (-0.18%)

13:15
09/18/19
09/18
13:15
09/18/19
13:15
Conference/Events
Tyler Technologies management to meet with Needham »

Meeting to be held in…

03/08/13
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03/06/13
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  • 18

    Sep

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    Sep

BRKR

Bruker

$43.21

0.34 (0.79%)

13:14
09/18/19
09/18
13:14
09/18/19
13:14
Conference/Events
Bruker management to meet with Needham »

Meetings to be held in…

03/08/13
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03/08/13
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03/06/13
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  • 23

    Sep

  • 24

    Sep

RST

Rosetta Stone

$18.99

-0.22 (-1.15%)

13:13
09/18/19
09/18
13:13
09/18/19
13:13
Conference/Events
Rosetta Stone management to meet with Needham »

Meetings to be held in…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 24

    Sep

  • 25

    Sep

CYRX

Cryoport

$17.92

0.17 (0.96%)

13:07
09/18/19
09/18
13:07
09/18/19
13:07
Hot Stocks
Breaking Hot Stocks news story on Cryoport »

Cryoport CEO says Seeking…

03/08/13
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CYRX

Cryoport

$17.92

0.17 (0.96%)

, GILD

Gilead

$65.78

-0.39 (-0.59%)

13:05
09/18/19
09/18
13:05
09/18/19
13:05
On The Fly
Meet Cryoport: A Fly exclusive interview with CEO Jerry Shelton »

In an exclusive interview…

CYRX

Cryoport

$17.92

0.17 (0.96%)

GILD

Gilead

$65.78

-0.39 (-0.59%)

NVS

Novartis

$86.46

-0.11 (-0.13%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 18

    Sep

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CYRX

Cryoport

$17.92

0.17 (0.96%)

13:04
09/18/19
09/18
13:04
09/18/19
13:04
Hot Stocks
Breaking Hot Stocks news story on Cryoport »

Shelton sees Cryoport…

03/08/13
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CYRX

Cryoport

$17.92

0.17 (0.96%)

13:04
09/18/19
09/18
13:04
09/18/19
13:04
Hot Stocks
Breaking Hot Stocks news story on Cryoport »

Cryoport, Vineti…

03/08/13
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CYRX

Cryoport

$17.92

0.17 (0.96%)

, GILD

Gilead

$65.80

-0.37 (-0.56%)

13:04
09/18/19
09/18
13:04
09/18/19
13:04
Hot Stocks
Breaking Hot Stocks news story on Cryoport, Gilead, Novartis »

Gilead, Novartis…

CYRX

Cryoport

$17.92

0.17 (0.96%)

GILD

Gilead

$65.80

-0.37 (-0.56%)

NVS

Novartis

$86.46

-0.11 (-0.13%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 18

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    Sep

AEGN

Aegion

$20.77

-0.46 (-2.17%)

13:03
09/18/19
09/18
13:03
09/18/19
13:03
Hot Stocks
Aegion unit awarded $9.3M contract from MWRD in Denver »

Aegion announced that its…

03/08/13
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03/08/13
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Citigroup
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  • 18

    Sep

BYND

Beyond Meat

$157.51

-2.86 (-1.78%)

, QSR

Restaurant Brands

$73.77

-0.08 (-0.11%)

13:01
09/18/19
09/18
13:01
09/18/19
13:01
Periodicals
Tim Hortons to pull back on Beyond Meat offerings, Journal de Montreal says »

A translation of a French…

BYND

Beyond Meat

$157.51

-2.86 (-1.78%)

QSR

Restaurant Brands

$73.77

-0.08 (-0.11%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 12

    Nov

BX

Blackstone

$52.97

-0.53 (-0.99%)

13:01
09/18/19
09/18
13:01
09/18/19
13:01
Periodicals
Breaking Periodicals news story on Blackstone »

Blackstone near $2.9B…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 18

    Sep

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    Sep

RYAAY

Ryanair

$61.95

-0.14 (-0.23%)

12:53
09/18/19
09/18
12:53
09/18/19
12:53
Initiation
Ryanair initiated  »

Ryanair initiated with an…

03/08/13
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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$300.17

-0.77 (-0.26%)

12:47
09/18/19
09/18
12:47
09/18/19
12:47
Hot Stocks
Gundlach sees 'increasing probability' of recession before 2020 election »

Jeffrey Gundlach of…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$300.17

-0.77 (-0.26%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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