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CLF

Cleveland-Cliffs

$7.94

-0.05 (-0.63%)

08:07
09/03/19
09/03
08:07
09/03/19
08:07

Cleveland-Cliffs declares 4c special cash dividend

Cleveland-Cliffs announced that its Board of Directors declared a regular quarterly cash dividend on the Company's common shares of 6c per share. In addition to the regular dividend, the Board of Directors also declared a special cash dividend of 4c per share, for a total dividend distribution of 10c per share.

  • 09

    Sep

  • 23

    Sep

CLF Cleveland-Cliffs
$7.94

-0.05 (-0.63%)

04/26/19
FBCO
04/26/19
UPGRADE
Target $14
FBCO
Outperform
Cleveland-Cliffs upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse analyst Curt Woodworth upgraded Cleveland-Cliffs to Outperform from Neutral and raised his price target to $14 from $13 following the company's Q1 results. In a research note to investors, Woodworth says he sees potential value near $16-$18 once the HBI plant is fully ramped, even with low hot-rolled coil prices at that point in time. He also forecasts substantially higher NAV uplift from HBI and now models EBITDA accretion of roughly $200M.
04/26/19
04/26/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Cleveland-Cliffs (CLF) upgraded to Outperform from Neutral at Credit Suisse with analyst Curt Woodworth saying he sees potential value near $16-$18 once the HBI plant is fully ramped, even with low hot-rolled coil prices at that point in time. 2. Argo Group (ARGO) upgraded to Outperform from Market Perform at William Blair with analyst Adam Klauber saying Argo is beginning to emerge as a long-term midcap growth insurer, Klauber tells investors in a research note. 3. Illinois Tool Works (ITW) upgraded to Neutral from Underweight at JPMorgan with analyst Ann Duignan saying following the company's "solid" Q1 results, downside risk to 2019 earnings estimates "appears limited," with the worst of auto builds and European weakness "likely behind us." 4. The Medicines Co. (MDCO) upgraded to Buy from Neutral at Goldman Sachs while Esperion (ESPR) upgraded to Neutral from Sell. 5. Shutterfly (SFLY) upgraded to Outperform from Market Perform at Raymond James with analyst Aaron Kessler citing stable Consumer segment growth trends and his expectation for improved consumer growth throughout 2019, as well as "very achievable" 2021 EBITDA guidance of $400M-$450M with modest organic growth assumptions and modest Lifetouch synergies baked in. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/13/19
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.
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

DXCM

DexCom

$154.45

-0.49 (-0.32%)

, ABT

Abbott

$83.56

0.35 (0.42%)

05:04
09/23/19
09/23
05:04
09/23/19
05:04
Recommendations
DexCom, Abbott analyst commentary  »

DexCom remains a…

DXCM

DexCom

$154.45

-0.49 (-0.32%)

ABT

Abbott

$83.56

0.35 (0.42%)

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EW

Edwards Lifesciences

$219.56

4.45 (2.07%)

04:58
09/23/19
09/23
04:58
09/23/19
04:58
Initiation
Edwards Lifesciences initiated  »

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ITW

Illinois Tool Works

$155.05

-0.91 (-0.58%)

, HON

Honeywell

$168.42

1.7 (1.02%)

04:55
09/23/19
09/23
04:55
09/23/19
04:55
Downgrade
Illinois Tool Works, Honeywell rating change  »

Illinois Tool Works…

ITW

Illinois Tool Works

$155.05

-0.91 (-0.58%)

HON

Honeywell

$168.42

1.7 (1.02%)

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General news
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6-Month Bill Auction to…

HR

Healthcare Realty Trust

$33.17

-0.155 (-0.47%)

04:55
09/23/19
09/23
04:55
09/23/19
04:55
Conference/Events
Healthcare Realty Trust management to meet with Capital One »

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  • 23

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NBIX

Neurocrine

$100.74

-0.77 (-0.76%)

04:55
09/23/19
09/23
04:55
09/23/19
04:55
Conference/Events
Neurocrine participates in a conference call with JPMorgan »

SMid Biotechnology…

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  • 23

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SIBN

SI-Bone

$20.18

0.28 (1.41%)

04:55
09/23/19
09/23
04:55
09/23/19
04:55
Conference/Events
SI-Bone management to meet with JMP Securities »

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  • 23

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TXN

Texas Instruments

$126.70

-2.1 (-1.63%)

04:55
09/23/19
09/23
04:55
09/23/19
04:55
Conference/Events
Texas Instruments management to meet with UBS »

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  • 23

    Sep

04:55
09/23/19
09/23
04:55
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04:55
General news
PMI Composite FLASH â€' Level to be reported at 09:45 »

September PMI Composite…

CLDR

Cloudera

$9.00

0.33 (3.81%)

04:55
09/23/19
09/23
04:55
09/23/19
04:55
Conference/Events
Cloudera management to meet with Needham »

Meeting to be held in New…

03/08/13
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  • 23

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IMAX

Imax

$21.83

0.04 (0.18%)

04:55
09/23/19
09/23
04:55
09/23/19
04:55
Recommendations
Imax analyst commentary  »

Imax management to meet…

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  • 24

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KNSL

Kinsale Capital Group

$99.46

-1.68 (-1.66%)

04:55
09/23/19
09/23
04:55
09/23/19
04:55
Conference/Events
Kinsale Capital Group management to meet with RBC Capital »

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03/06/13
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  • 23

    Sep

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  • 25

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04:55
09/23/19
09/23
04:55
09/23/19
04:55
General news
PMI Composite FLASH Manufacturing â€' Level to be reported at 09:45 »

September PMI Composite…

HKMPY

Hikma

$0.00

(0.00%)

04:55
09/23/19
09/23
04:55
09/23/19
04:55
Conference/Events
Hikma participates in a conference call with JPMorgan »

European Pharma Equity…

03/08/13
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  • 23

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DNOW

NOW Inc.

$12.05

-0.055 (-0.45%)

04:55
09/23/19
09/23
04:55
09/23/19
04:55
Conference/Events
NOW Inc. management to meet with KeyBanc »

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  • 23

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04:55
09/23/19
09/23
04:55
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04:55
General news
Breaking General news story  »

3-Month Bill Auction to…

PRGO

Perrigo

$55.29

0.995 (1.83%)

04:55
09/23/19
09/23
04:55
09/23/19
04:55
Conference/Events
Perrigo management to meet with SunTrust »

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  • 23

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  • 01

    Oct

BRKR

Bruker

$43.62

0.06 (0.14%)

04:55
09/23/19
09/23
04:55
09/23/19
04:55
Conference/Events
Bruker management to meet with Needham »

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  • 23

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BABA

Alibaba

$182.43

1.96 (1.09%)

04:55
09/23/19
09/23
04:55
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04:55
Conference/Events
Alibaba management to meet with KeyBanc »

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  • 23

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ETSY

Etsy

$60.39

1.34 (2.27%)

04:55
09/23/19
09/23
04:55
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04:55
Conference/Events
Etsy management to meet with Oppenheimer »

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  • 23

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SPOT

Spotify

$120.73

-3.685 (-2.96%)

04:55
09/23/19
09/23
04:55
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04:55
Conference/Events
Spotify management to meet with Morgan Stanley »

Group Breakfast Meeting…

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  • 23

    Sep

WTTR

Select Energy Services

$9.02

0.11 (1.23%)

04:55
09/23/19
09/23
04:55
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04:55
Conference/Events
Select Energy Services management to meet with Seaport Global »

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  • 23

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04:55
09/23/19
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04:55
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04:55
General news
Chicago Fed National Activity Index Level to be reported at 08:30 »

August Chicago Fed…

UPS

UPS

$120.71

1.61 (1.35%)

04:55
09/23/19
09/23
04:55
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04:55
Conference/Events
UPS management to meet with UBS »

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  • 23

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MTDR

Matador

$17.04

0.25 (1.49%)

04:55
09/23/19
09/23
04:55
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04:55
Conference/Events
Matador management to meet with RBC Capital »

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  • 23

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