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AA

Alcoa

$20.84

0.56 (2.76%)

06:32
09/11/19
09/11
06:32
09/11/19
06:32

Alcoa upgraded to Outperform from Neutral at Credit Suisse

  • 11

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    Oct

AA Alcoa
$20.84

0.56 (2.76%)

07/18/19
JEFF
07/18/19
DOWNGRADE
Target $23
JEFF
Hold
Jefferies downgrades Alcoa to Hold, cuts price target to $23 from $29
Jefferies analyst Christopher LaFemina downgraded Alcoa to Hold from Buy and lowered his price target for the shares to $23 from $29. The stock in after-hours trading is down 21c to $23.20. The shares are inexpensive on some metrics following yesterday's Q2 results, but that alone is not reason enough to buy them, LaFemina tells investors in a research note after Thursday's closing bell. The company is not generating free cash flow, not returning large-scale capital to shareholders, and is leveraged to commodities with relatively poor fundamentals, contends the analyst. As such, he sees a lack of positive catalysts for the shares.
07/19/19
ARGS
07/19/19
DOWNGRADE
ARGS
Hold
Alcoa downgraded to Hold from Buy at Argus
07/19/19
07/19/19
DOWNGRADE

Hold
Alcoa downgraded to Hold at Argus on weaker outlook
As previously reported, Argus analyst David Coleman downgraded Alcoa to Hold after its reported Q2 net loss and reduced 2019 guidance along with the management's expectations of lower aluminum demand growth this year from trade tensions and macro headwinds. The analyst is also cutting his FY19 EPS view to (12c) from 90c and his FY20 forecast to $1.12 from $3.40. Coleman contends that the underperformance in Alcoa shares last quarter could provide long-term investors with a favorable entry point, but he sees upside for the shares in the near term as limited.
07/19/19
07/19/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. SAP (SAP) downgraded to Hold from Buy at Deutsche Bank with analyst Alex Tout saying he believes the company's momentum in Q2 fell short of what was needed for the shares to re-rate higher. 2. Alcoa (AA) downgraded to Hold from Buy at Argus and Jefferies. 3. Paycom (PAYC) downgraded to Hold from Buy at Jefferies with analyst Samad Samana citing valuation. 4. Michaels (MIK) downgraded to Underperform from Neutral at BofA/Merrill with analyst Elizabeth Suzuki citing a U.S. arts and crafts consumer survey that she said gave some color on why the company's same-store sales growth has been "lackluster. 5. News Corp. (NWSA) downgraded to Underweight from Neutral at JPMorgan with analyst Alexia Quadrani saying while the stock may appear attractively valued, she has little conviction in forward estimates. 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

GLW

Corning

$30.04

-0.12 (-0.40%)

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Corning down 5.5% or $1.64 at $28.40 per share after cutting volume outlook »

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WE

We Company

$0.00

(0.00%)

18:17
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We Company IPO delayed until October at earliest, WSJ reports »

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GLW

Corning

$30.04

-0.12 (-0.40%)

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Corning cuts Q3 volume guidance for Display and Optical Communications units »

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WE

We Company

$0.00

(0.00%)

18:05
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Breaking Periodicals news story on We Company »

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GM

General Motors

$37.21

-1.62 (-4.17%)

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Auto workers strike could cost GM $100M daily, WSJ says »

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HLNE

Hamilton Lane

$59.95

-0.51 (-0.84%)

17:57
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Hamilton Lane vice chairman sells 150K shares of common stock »

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17:52
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Conference/Events
SVB Leerink biotech analysts to hold analyst/industry conference call »

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HLNE

Hamilton Lane

$59.95

-0.51 (-0.84%)

17:52
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Hot Stocks
Hamilton Lane chairman sells 78.5K shares of common »

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GD

General Dynamics

$190.91

0.98 (0.52%)

, BAH

Booz Allen

$70.35

0.85 (1.22%)

17:44
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Hot Stocks
General Dynamics, Booz Allen and Parsons awarded $427M max Air Force contract »

General Dynamics (GD),…

GD

General Dynamics

$190.91

0.98 (0.52%)

BAH

Booz Allen

$70.35

0.85 (1.22%)

PSN

Parsons

$37.25

0.35 (0.95%)

03/08/13
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  • 27

    Oct

T

AT&T

$37.32

-0.58 (-1.53%)

17:43
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09/16
17:43
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17:43
Periodicals
Suit claims AT&T told employees to make fake DirecTV accounts, Bloomberg says »

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  • 23

    Oct

UBER

Uber

$34.42

1.18 (3.55%)

, LYFT

Lyft

$47.78

1.68 (3.64%)

17:39
09/16/19
09/16
17:39
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17:39
Periodicals
Uber to limit drivers' app access in NYC to comply with rules, Reuters says »

Uber (UBER) on Tuesday…

UBER

Uber

$34.42

1.18 (3.55%)

LYFT

Lyft

$47.78

1.68 (3.64%)

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NEE

NextEra Energy

$218.31

-0.19 (-0.09%)

17:36
09/16/19
09/16
17:36
09/16/19
17:36
Conference/Events
NextEra Energy management to meet with UBS »

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NJR

New Jersey Resources

$44.80

-0.36 (-0.80%)

17:34
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Hot Stocks
New Jersey Resources formally appoints Steve Westhoven CEO »

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MEGEF

MEG Energy

$0.00

(0.00%)

17:34
09/16/19
09/16
17:34
09/16/19
17:34
Conference/Events
MEG Energy management to meet with UBS »

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  • 18

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KMI

Kinder Morgan

$20.67

0.2 (0.98%)

17:33
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09/16
17:33
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17:33
Conference/Events
Kinder Morgan management to meet with UBS »

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  • 18

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DOW

Dow Inc.

$48.98

0.79 (1.64%)

17:31
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Conference/Events
Dow Inc. management to meet with UBS »

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UBS healthcare analyst to hold an analyst/industry conference call »

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$300.20

-0.87 (-0.29%)

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Trump tax returns subpoenaed by Manhattan D.A. in late-August, NYT says »

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SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$300.20

-0.87 (-0.29%)

SMH

Market Vectors Semiconductor

$121.04

-0.86 (-0.71%)

DIA

Diamonds Fund ETF

$271.24

-1.39 (-0.51%)

QQQ

Invesco QQQ Trust

$191.65

-0.94 (-0.49%)

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SLCA

U.S. Silica

$12.57

1.685 (15.48%)

17:20
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U.S. Silica's SandBox unit to appeal U.S. Patent Office decision »

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  • 13

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17:20
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Conference/Events
Morgan Stanley steel analyst to hold an analyst/industry conference call »

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TACO

Del Taco

$11.10

-0.12 (-1.07%)

17:16
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Del Taco names Chad Gretzema as new COO »

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  • 23

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EHC

Encompass Health

$64.68

0.905 (1.42%)

17:10
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Initiation
Encompass Health initiated  »

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AMCR

Amcor

$9.68

-0.53 (-5.19%)

17:10
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Amcor's Stephan sells nearly 70,000 ordinary shares »

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BA

Boeing

$378.87

-1 (-0.26%)

17:10
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Panel set to criticize FAA's approval process for Boeing 737 MAX jets, WSJ says »

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  • 02

    Oct

VFF

Village Farms

$10.89

-0.81 (-6.92%)

17:05
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Village Farms joint venture begins shipping to Ontario, launches this month »

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