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X

U.S. Steel

$11.42

0.26 (2.33%)

16:07
10/15/19
10/15
16:07
10/15/19
16:07

U.S. Steel files to sell $300M of senior convertible notes due 2026

X U.S. Steel
$11.42

0.26 (2.33%)

10/02/19
BMOC
10/02/19
NO CHANGE
Target $12
BMOC
Market Perform
U.S. Steel's Big River Steel deal is 'meaningful transaction', says BMO Capital
BMO Capital analyst David Gagliano says the $700M acquisition of Big River Steel by U.S. Steel is a "meaningful transaction" in that it provides the latter with a "low operating-cost, growth asset" which positions it better over the long term. The analyst is keeping his Market Perform rating and $12 on the stock however, noting that the debt-financed deal adds even more debt to U.S. Steel, which is is also paying a "fairly high" implied valuation.
09/23/19
09/23/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Alcoa (AA) downgraded to Neutral from Buy at Goldman Sachs. 2. Commercial Metals (CMC) was downgraded to Neutral from Buy at Goldman Sachs while Schnitzer Steel (SCHN) was downgraded to Sell from Neutral. 3. AK Steel (AKS) was downgraded to Underweight from Overweight at JPMorgan while Cleveland-Cliffs (CLF) and U.S. Steel (X) were downgraded to Neutral from Overweight. 4. Clorox (CLX) downgraded to Underweight from Equal Weight at Barclays. 5. Spirit Airlines (SAVE) downgraded to Equal Weight from Overweight at Stephens with analyst Jack Atkins saying with its heavy Southeast and Caribbean exposure, Spirit significantly lowered its Q3 guidance in early September due to Hurricane Dorian. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/23/19
JPMS
09/23/19
DOWNGRADE
JPMS
Underweight
JPMorgan double downgrades AK Steel, cuts U.S. Steel on flattish price outlook
JPMorgan analyst Michael Gambardella earlier today lowered his estimates and price targets for the steel companies to reflect a "more flattish" steel price environment. The analyst also double downgraded AK Steel (AKS) to Underweight from Overweight and downgraded U.S. Steel (X) to Neutral Overweight. He removed U.S. Steel from his firm's Analyst Focus List. The U.S. steel stocks and steel prices have been under pressure this year, which is largely due to concerns about supply additions planned for the next several years, continued uncertainty surrounding trade, and some softening in demand, Gambardella tells investors in a research note. Further, after a brief rebound, steel and scrap prices are now heading lower, adds the analyst. He kept Overweight ratings on Commercial Metals (CMC), Nucor (NUE), Steel Dynamics (STLD), and Stelco Holdings (STZHF).
09/23/19
JPMS
09/23/19
DOWNGRADE
Target $14
JPMS
Neutral
U.S. Steel downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Michael Gambardella downgraded U.S. Steel to Neutral from Overweight and lowered his price target for the shares to $14 from $26.

TODAY'S FREE FLY STORIES

AMRN

Amarin

$22.66

1.17 (5.44%)

10:05
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Options
Amarin call volume above normal and directionally bullish »

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  • 28

    Dec

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The industrial production report sharply undershot estimates »

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Business Inventories data reported »

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NCNA

NuCana

$5.59

(0.00%)

10:02
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10:02
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NuCana analyst commentary  »

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KZR

Kezar Life Sciences

$2.59

(0.00%)

10:02
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Conference/Events
Kezar Life Sciences management to meet with William Blair »

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  • 18

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FSM

Fortuna Silver Mines

$3.01

-0.19 (-5.94%)

10:00
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Hot Stocks
Fortuna Silver Mines falls -6.3% »

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  • 18

    Nov

LN

Line Corp.

$46.46

-4.13 (-8.16%)

10:00
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Line Corp. falls -8.2% »

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CANG

Cango

$5.83

-1.01 (-14.77%)

10:00
11/15/19
11/15
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Hot Stocks
Cango falls -10.4% »

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BCH

Banco de Chile

$23.88

2.49 (11.64%)

10:00
11/15/19
11/15
10:00
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Hot Stocks
Banco de Chile rises 11.5% »

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ITCB

Itau Corpbanca

$7.51

(0.00%)

10:00
11/15/19
11/15
10:00
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Hot Stocks
Itau Corpbanca rises 14.2% »

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FTCH

Farfetch

$9.80

2.31 (30.84%)

10:00
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11/15
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Hot Stocks
Farfetch rises 31.1% »

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KRP

Kimbell Royalty Partners

$13.99

(0.00%)

09:58
11/15/19
11/15
09:58
11/15/19
09:58
Conference/Events
Kimbell Royalty Partners management to meet with TD Securities »

Meetings to be held in…

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  • 18

    Nov

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    Nov

BANC

Banc of California

$14.75

(0.00%)

, FCBP

First Choice Bank

$22.50

(0.00%)

09:57
11/15/19
11/15
09:57
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09:57
Hot Stocks
Banc of California names Lynn Hopkins as CFO after John Bogler resigns »

Banc of California…

BANC

Banc of California

$14.75

(0.00%)

FCBP

First Choice Bank

$22.50

(0.00%)

03/08/13
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03/08/13
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AMAT

Applied Materials

$61.35

4.46 (7.84%)

, PCG

PG&E

$6.92

0.22 (3.28%)

09:55
11/15/19
11/15
09:55
11/15/19
09:55
Options
Early notable gainers among liquid option names on November 15th »

Notable gainers among…

AMAT

Applied Materials

$61.35

4.46 (7.84%)

PCG

PG&E

$6.92

0.22 (3.28%)

DHR

Danaher

$141.30

5.14 (3.78%)

LRCX

Lam Research

$281.95

7 (2.55%)

OXY

Occidental Petroleum

$39.06

1.3 (3.44%)

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  • 15

    Nov

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    Nov

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  • 07

    Jan

EA

Electronic Arts

$99.12

1.58 (1.62%)

09:51
11/15/19
11/15
09:51
11/15/19
09:51
Recommendations
Electronic Arts analyst commentary  »

EA's new Star Wars…

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  • 09

    Dec

09:50
11/15/19
11/15
09:50
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09:50
General news
FX Action: The dollar »

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General news
The October trade price report »

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GDDY

GoDaddy

$68.00

0.22 (0.32%)

09:48
11/15/19
11/15
09:48
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09:48
Periodicals
GoDaddy's new investors include 'constructive activist,' Dealreporter says »

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  • 20

    Nov

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  • 09

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BCH

Banco de Chile

$21.39

(0.00%)

09:47
11/15/19
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Hot Stocks
Banco de Chile rises 10.4% »

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BSAC

Santander Chile

$24.53

2.37 (10.69%)

09:47
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Hot Stocks
Santander Chile rises 11.2% »

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FTCH

Farfetch

$9.97

2.48 (33.11%)

09:47
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Hot Stocks
Farfetch rises 33.2% »

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09:45
11/15/19
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General news
U.S. business inventory preview: »

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09:45
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General news
Business Inventories to be reported at 10:00 »

September Business…

EWW

iShares MSCI Mexico

$44.07

(0.00%)

, RH

RH

$175.19

(0.00%)

09:40
11/15/19
11/15
09:40
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09:40
Options
Unusually active option classes on open November 15th »

Unusual total active…

EWW

iShares MSCI Mexico

$44.07

(0.00%)

RH

RH

$175.19

(0.00%)

PDD

Pinduoduo

$41.29

(0.00%)

ORCL

Oracle

$56.10

(0.00%)

JCP

J.C. Penney

$1.10

(0.00%)

AMRN

Amarin

$21.49

(0.00%)

CSCO

Cisco

$44.92

(0.00%)

GRUB

GrubHub

$38.52

(0.00%)

QCOM

Qualcomm

$90.48

(0.00%)

BA

Boeing

$367.30

(0.00%)

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  • 15

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    Feb

09:40
11/15/19
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General news
Treasury Action: Wall Street remains buoyed by trade hopes »

Treasury Action: Wall…

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