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CLF

Cleveland-Cliffs

$7.15

0.16 (2.29%)

, AAPL

Apple

$239.97

-0.52 (-0.22%)

09:26
10/23/19
10/23
09:26
10/23/19
09:26

Cliffs CEO calls out Apple, Google, NBA for not addressing China pollution

CLF

Cleveland-Cliffs

$7.15

0.16 (2.29%)

AAPL

Apple

$239.97

-0.52 (-0.22%)

GOOG

Alphabet

$1,242.78

-3.45 (-0.28%)

GOOGL

Alphabet Class A

$1,241.08

-3.15 (-0.25%)

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CLF Cleveland-Cliffs
$7.15

0.16 (2.29%)

09/23/19
JPMS
09/23/19
DOWNGRADE
Target $8
JPMS
Neutral
JPMorgan downgrades Cleveland-Cliffs to Neutral on lower pellet premiums
JPMorgan analyst Michael Gambardella downgraded Cleveland-Cliffs to Neutral from Overweight and lowered his price target for the shares to $8 from $14. Given the recent downward shift in pellet premiums as well as the weakness in steel prices, the analyst now expects pricing levels to be lower than he had previously anticipated. As a result, Gambardella expects some earnings pullback for Cleveland-Cliffs in 2020. However, he continues to think the company has a "defensible" core pellet business with "intriguing" growth potential from HBI.
10/16/19
JEFF
10/16/19
NO CHANGE
Target $12
JEFF
Buy
Cleveland-Cliffs price target lowered to $12 from $15 at Jefferies
Jefferies analyst Alan Spence lowered his price target for Cleveland-Cliffs to $12 from $15 on expectations the company's Q3 will be weighed down by negative contract "true ups" given the reversal in U.S. hot-rolled steel prices back pellet premiums falling to $40 per ton in September. The analyst forecasts Q3 EBITDA of $128M for Cleveland-Cliffs, below the current consensus of $143M. However, he keeps a Buy rating on the shares.
10/01/19
RILY
10/01/19
NO CHANGE
Target $13
RILY
Buy
Cleveland-Cliffs price target lowered to $13 from $16 at B. Riley FBR
B. Riley FBR analyst Lucas Pipes lowered his price target for Cleveland-Cliffs to $13 from $16 to reflect the "evolving" macro environment and price environment. Last month, Platts reported a 35% decline in Atlantic pellet premiums to $40/dmt, the analyst points out. The analyst estimates this reduction lowered Cleveland-Cliffs' sales margins by approximately $10/lt on an annual basis. Until we see a material improvement in steel mill economics, Atlantic pellet premiums pricing could stay at these current levels for the next several quarters, Pipes tells investors in a research note. Nonetheless, the analyst continues to believe that Cleveland-Cliff is an attractive stock with "substantial upside even in the current price environment." He keeps a Buy rating on the shares.
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.
AAPL Apple
$239.97

-0.52 (-0.22%)

10/22/19
KEYB
10/22/19
NO CHANGE
KEYB
KeyBanc views near-term risk/reward on Apple as 'slightly negative'
KeyBanc analyst Andy Hargreaves views the near-term risk/reward on Apple as "slightly negative." The analyst notes that there is "a perception of safety" in Apple and expects near-term results to match expectations. However, the valuation appears to require a re-acceleration in top-line growth that he does not anticipate, while leaving little room for error, he contends. Hargreaves believes this limits the potential for further multiple expansion, while exposing investors to risks associated with iPhone ASP declines, stagnating user growth, brand risk in China, regulatory risk around App Store, and the financial risk from potential tariffs.
10/22/19
DBAB
10/22/19
NO CHANGE
Target $230
DBAB
Hold
Apple price target raised to $230 from $210 at Deutsche Bank
Deutsche Bank analyst Jeriel Ong raised his price target for Apple to $230 from $210 while keeping a Hold rating on the shares. The analyst sees iPhone unit demand better than present Street expectations. However, with the stock rising 13% intra-quarter, earnings upside driven by iPhones is largely priced in, Ong tells investors in a research note. When the analyst considers Apple's valuation with the company's fundamental levers for further earnings upside, he sees a "balanced reward profile relative to the risks." Ong says that while non-iPhone hardware revenues have exhibited mid-to-high teens year-over-year growth for three straight quarters, he remains "dubious that such growth can sustain over a multi-year time frame," especially when Wearables and Services revenues remain tied to iPhone growth.
10/23/19
MSCO
10/23/19
NO CHANGE
Target $289
MSCO
Overweight
Apple price target raised to $289 from $247 at Morgan Stanley
Morgan Stanley analyst Katy Huberty disagrees with the prevailing view that Apple is entering a new, more capital intensive market with a low probability of generating a positive return via its launch of TV+. On the contrary, she sees Apple TV+ boosting Services revenue growth by 2 points in FY20 and contributing an incremental $3 per share to Apple's sum-of-the-parts valuation, Huberty tells investors. Her bear case for Apple TV+ assumes 68M paid subscriber by FY25, though her base case if for 136M subscribers by that time and in her bull case she sees Apple TV+ growing to 175M paid subscribers by FY25. Huberty, who sees accelerating Services growth and multiple expansion ahead of the 5G iPhone launch among Apple's "growing list of catalysts," keeps Apple as her top pick into 2020 and raised her price target on the stock to $289 from $247.
10/21/19
RAJA
10/21/19
NO CHANGE
Target $280
RAJA
Outperform
Apple price target raised to $280 from $250 at Raymond James
Raymond James analyst Chris Caso raised his price target for Apple to $280 from $250 and reiterated an Outperform rating ahead of the company's September quarter results. In a research note to investors, Caso says his longer thesis regarding optimism for the 2020/21 5G cycle remains unchanged, and adds that more stable near term conditions coupled with the launch of a new SE model in early 2020 creates a bridge to the 5G, which he feels will continue to squeeze the stock higher.
GOOG Alphabet
$1,242.78

-3.45 (-0.28%)

10/23/19
GUGG
10/23/19
NO CHANGE
Target $1525
GUGG
Buy
Alphabet price target raised to $1,525 from $1,425 at Guggenheim
Guggenheim analyst Michael Morris said Google parent Alphabet continues to be viewed as "relatively safe" despite regulatory uncertainty facing the internet space and confidence in the company's advertising and cloud growth potential continue to underpin the bull case. Morris, who continues to see significant opportunity for the company as "the industry leader in serving consumers across screens and activities," keeps a Buy rating on Alphabet shares, stating that he sees the opportunity to seize share of TV ad budgets as the most under-appreciated trend in digital media into 2020. Morris raised his price target for the stock to $1,525 from $1,425 ahead of the company's upcoming earnings report.
10/22/19
KEYB
10/22/19
NO CHANGE
KEYB
Ad spending across major internet platforms remained healthy in Q3, says KeyBanc
KeyBanc analyst Andy Hargreaves says that despite signs of softness from large ad agencies, he believes ad spending across the major internet platforms remained healthy in Q3. The analyst expects positive results out of Facebook (FB) and results from Alphabet (GOOGL) that are largely in line with expectations. Feedback was more mixed around Twitter (TWTR), but not consistent enough to prompt a change to his estimates. Hargreaves continues to recommend owning Alphabet and Facebook.
10/15/19
JEFF
10/15/19
NO CHANGE
JEFF
Jefferies selective on Internet into Q3, most positive on Alphabet and Facebook
Jefferies analyst Brent Thill, who is "generally positive" on Internet sector fundamentals, tells investors to remain selective ahead of Q3 earnings. The analyst is most bullish on Alphabet (GOOGL), Facebook (FB), Expedia (EXPE), and Wix.com (WIX). He remains underweight TripAdvisor (TRIP), Shutterstock (SSTK), and Endurance (EIGI). Thill is most positive on Alphabet and Facebook. Alphabet's setup is better in the second half of the year relative to the first half due to easier comps, healthy core advertising, momentum in Google Cloud, and expanded hardware line-up ahead of the holidays, the analyst tells investors in a research note. He also likes Facebook's setup due to easier second half comps, recent product innovation on Instagram Commerce, and improvements to the core Facebook app. In e-commerce, Thill is a buyer of Amazon.com (AMZN) on any pullback. In travel, he like Expedia (EXPE) over Booking Holdings (BKNG). The analyst also views the recent selloff in Match Group (MTCH) shares as a buying opportunity.
10/16/19
BARD
10/16/19
NO CHANGE
Target $1400
BARD
Outperform
Alphabet growth to be in line as platform investments continue, says Baird
Baird analyst Colin Sebastian expects Alphabet's Q3 revenue growth to be in line as core search ad spending trends remained generally stable throughout the quarter. He believes cloud trends continue to improve which along with the seasonal ramp in Google Shopping could boost investor sentiment. Sebastian reiterated his Outperform rating and $1,400 price target on Alphabet shares.
GOOGL Alphabet Class A
$1,241.08

-3.15 (-0.25%)

10/23/19
FBCO
10/23/19
NO CHANGE
Target $1700
FBCO
Outperform
Alphabet price target raised to $1,700 from $1,500 at Credit Suisse
Credit Suisse analyst Stephen Ju raised his price target for Alphabet to $1,700 from $1,500 ahead of quarterly results as he rolls forward his valuation parameters to 2020. After the product-driven changes and gyrations to the first half of 2019 results, the analyst is looking forward to more straightforward reports for the second half of the fiscal year. While he may be tempted to believe that some of the new products Google announced at Marketing Live recently will exert an influence on ad budgets, Ju continues to believe it is the ongoing release of products from years past that are driving the "strong" growth of search and YouTube. He reiterates an Outperform rating on the shares.

TODAY'S FREE FLY STORIES

NSCO

Nesco Holdings

$4.75

0.04 (0.85%)

20:44
11/11/19
11/11
20:44
11/11/19
20:44
Earnings
Nesco Holdings cuts FY19 revenue view to $255M-$262M from $278M »

One estimate $279.6M. …

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  • 12

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NSCO

Nesco Holdings

$4.75

0.04 (0.85%)

20:42
11/11/19
11/11
20:42
11/11/19
20:42
Earnings
Nesco Holdings reports Q3 EPS (45c), one estimate 4c »

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FTK

Flotek

$1.86

-0.1 (-5.10%)

20:29
11/11/19
11/11
20:29
11/11/19
20:29
Earnings
Flotek reports Q3 EPS (19c), one estimate (23c) »

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  • 12

    Nov

RF

Regions Financial

$16.77

-0.1 (-0.59%)

20:27
11/11/19
11/11
20:27
11/11/19
20:27
Downgrade
Regions Financial rating change  »

Regions Financial…

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    Jan

TSN

Tyson Foods

$82.70

0.12 (0.15%)

, ROK

Rockwell Automation

$180.00

2.25 (1.27%)

20:25
11/11/19
11/11
20:25
11/11/19
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

TSN

Tyson Foods

$82.70

0.12 (0.15%)

ROK

Rockwell Automation

$180.00

2.25 (1.27%)

DHI

D.R. Horton

$52.65

1.535 (3.00%)

CBS

CBS

$39.21

1.09 (2.86%)

AAP

Advance Auto Parts

$168.41

1.17 (0.70%)

03/08/13
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Barclays

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  • 09

    Dec

RMTI

Rockwell Medical

$1.92

0.07 (3.78%)

20:01
11/11/19
11/11
20:01
11/11/19
20:01
Recommendations
Rockwell Medical analyst commentary at Piper Jaffray »

Rockwell Medical price…

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  • 11

    Nov

APYX

Apyx Medical

$7.22

0.24 (3.44%)

19:39
11/11/19
11/11
19:39
11/11/19
19:39
Recommendations
Apyx Medical analyst commentary at Piper Jaffray »

Apyx Medical price target…

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03/06/13
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    Nov

FOE

Ferro

$12.58

0.07 (0.56%)

, APYX

Apyx Medical

$7.22

0.24 (3.44%)

18:59
11/11/19
11/11
18:59
11/11/19
18:59
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: Ferro…

FOE

Ferro

$12.58

0.07 (0.56%)

APYX

Apyx Medical

$7.22

0.24 (3.44%)

KEM

Kemet

$23.03

-0.51 (-2.17%)

ICUI

ICU Medical

$168.41

1.43 (0.86%)

LONE

Lonestar Resources

$2.88

0.08 (2.86%)

GO

Grocery Outlet

$31.09

-0.06 (-0.19%)

CMLS

Cumulus Media

$13.59

0.07 (0.52%)

FGEN

FibroGen

$35.37

-6.24 (-15.00%)

DXC

DXC Technology

$29.39

-0.69 (-2.29%)

BREW

Craft Brew

$7.33

0.06 (0.83%)

LYV

Live Nation

$64.47

1.31 (2.07%)

FLNT

Fluent

$2.54

0.11 (4.53%)

ASUR

Asure Software

$9.20

0.01 (0.11%)

UGI

UGI Corporation

$46.21

-0.35 (-0.75%)

HBM

Hudbay Minerals

$3.66

-0.09 (-2.40%)

FPI

Farmland Partners

$6.66

-0.125 (-1.84%)

RETA

Reata Pharmaceuticals

$213.52

1.48 (0.70%)

JCOM

j2 Global

$100.62

0.23 (0.23%)

PCG

PG&E

$6.24

-0.23 (-3.55%)

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

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  • 11

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    Nov

  • 11

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  • 12

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    Nov

  • 09

    Dec

  • 07

    Jan

CRL

Charles River

$131.58

1.19 (0.91%)

18:57
11/11/19
11/11
18:57
11/11/19
18:57
Hot Stocks
Charles River CEO: We are pleased with the demand curve »

In an interview on…

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PCG

PG&E

$6.24

-0.23 (-3.55%)

18:44
11/11/19
11/11
18:44
11/11/19
18:44
Periodicals
PG&E offers $13.5B in compensation to victims of CA fires, Bloomberg says »

PG&E is offering to…

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  • 12

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KEM

Kemet

$23.03

-0.51 (-2.17%)

18:27
11/11/19
11/11
18:27
11/11/19
18:27
Hot Stocks
Breaking Hot Stocks news story on Kemet »

Kemet up 14.7% to $26.40…

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03/06/13
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03/06/13
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  • 12

    Nov

NCLH

Norwegian Cruise Line

$51.90

0.07 (0.14%)

18:23
11/11/19
11/11
18:23
11/11/19
18:23
Hot Stocks
Norwegian Cruise Line CEO: North American consumer is alive and well »

In an interview on…

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FOE

Ferro

$12.58

0.07 (0.56%)

18:23
11/11/19
11/11
18:23
11/11/19
18:23
Earnings
Ferro reports Q3 adjusted EPS 35c, consensus 28c »

Reports Q3 revenue…

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KEM

Kemet

$23.03

-0.51 (-2.17%)

18:09
11/11/19
11/11
18:09
11/11/19
18:09
Hot Stocks
Yageo to acquire Kemet for $27.20 per share in cash, or $1.8B »

Yageo and Kemet announced…

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  • 12

    Nov

PAR

Par Technology

$30.23

1.07 (3.67%)

18:08
11/11/19
11/11
18:08
11/11/19
18:08
Recommendations
Par Technology analyst commentary at Jefferies »

Par Technology price…

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KEM

Kemet

$23.03

-0.51 (-2.17%)

18:06
11/11/19
11/11
18:06
11/11/19
18:06
Hot Stocks
Breaking Hot Stocks news story on Kemet »

Yageo to acquire Kemet…

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  • 12

    Nov

CSX

CSX

$73.93

-0.08 (-0.11%)

18:03
11/11/19
11/11
18:03
11/11/19
18:03
Downgrade
CSX rating change at Deutsche Bank »

CSX downgraded to Hold…

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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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  • 13

    Nov

TDW

Tidewater

$17.14

-0.34 (-1.95%)

18:03
11/11/19
11/11
18:03
11/11/19
18:03
Earnings
Tidewater reports Q3 adjusted EPS (99c), may not compare to consensus (10c) »

Reports Q3 revenue…

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  • 12

    Nov

UNVR

Univar

$23.87

-0.08 (-0.33%)

17:57
11/11/19
11/11
17:57
11/11/19
17:57
Hot Stocks
Univar named EMEA distributor for Kaopolite Abrasive in Europe »

Univar B.V., a subsidiary…

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03/06/13
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NXRT

NexPoint Residential

$46.48

0.44 (0.96%)

17:56
11/11/19
11/11
17:56
11/11/19
17:56
Hot Stocks
NexPoint Residential acquires three-property portfolio in Las Vegas for $241M »

NexPoint Residential…

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  • 12

    Nov

DXC

DXC Technology

$29.39

-0.69 (-2.29%)

17:40
11/11/19
11/11
17:40
11/11/19
17:40
Hot Stocks
Breaking Hot Stocks news story on DXC Technology »

DXC reverses course, now…

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  • 11

    Nov

FLNT

Fluent

$2.54

0.11 (4.53%)

17:40
11/11/19
11/11
17:40
11/11/19
17:40
Hot Stocks
Fluent drops over 22% after reporting Q3 results, lowers FY19 revenue view »

Shares of Fluent are down…

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03/06/13
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03/06/13
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  • 11

    Nov

LYV

Live Nation

$64.47

1.31 (2.07%)

17:38
11/11/19
11/11
17:38
11/11/19
17:38
Upgrade
Live Nation rating change  »

Live Nation upgraded to…

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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DXC

DXC Technology

$29.39

-0.69 (-2.29%)

17:38
11/11/19
11/11
17:38
11/11/19
17:38
Hot Stocks
DXC Technology to pursue strategic alternatives for three businesses »

Says as part of…

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03/06/13
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  • 11

    Nov

FLNT

Fluent

$2.54

0.11 (4.53%)

17:38
11/11/19
11/11
17:38
11/11/19
17:38
Earnings
Fluent lowers FY19 revenue view to $87M-$88M from $93M-$98M »

Sees adjusted EBITDA is…

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