Wednesday
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As previously reported,…
As previously reported, Deutsche Bank analyst Liam Fitzpatrick downgraded BHP Group (BHP) to Hold from Buy with a price target of 1,650 GBp, down from 1,750 GBp. Decarbonization has emerged as a key challenge facing the Materials sectors and the "risks for the sector are building," contends Fitzpatrick. In that context, he said he believes Rio Tinto's (RIO) portfolio is better positioned for the long term than BHP's. Fitzpatrick also upgraded Rio Tinto to Buy from Hold.
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05/27/20 Teck Resources announces Antamina resumes operations 04/20/20 BHP Group reports Q3 iron ore output 60MT, up 7% from last year 04/20/20 BHP Group backs FY20 iron ore output view of 242-253 MT 04/20/20 BHP Group CEO says China demand strengthened in recent weeks 07/01/20 Deutsche Bank BHP Group downgraded to Hold from Buy at Deutsche Bank 06/25/20 UBS BHP Group price target raised to 1,850 GBp from 1,700 GBp at UBS 06/08/20 JPMorgan BHP Group price target raised to 1,830 GBp from 1,780 GBp at JPMorgan 05/29/20 Fly Intel: Top five analyst upgrades 06/24/20 BHP Group hires banks to sell Australian thermal coal mine, Reuters reports 02/01/20 BP, Total among top non-U.S. International dividend companies. Barron's says 03/12/20 Largest borrow rate increases among liquid names 03/03/20 BHP Billiton put volume heavy and directionally bearish 02/20/20 Largest borrow rate increases among liquid names 01/06/20 Largest borrow rate increases among liquid names
Downgrade
Deutsche Bank analyst…
Deutsche Bank analyst Liam Fitzpatrick downgraded BHP Group to Hold from Buy.
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05/27/20 Teck Resources announces Antamina resumes operations 04/20/20 BHP Group reports Q3 iron ore output 60MT, up 7% from last year 04/20/20 BHP Group backs FY20 iron ore output view of 242-253 MT 04/20/20 BHP Group CEO says China demand strengthened in recent weeks 06/25/20 UBS BHP Group price target raised to 1,850 GBp from 1,700 GBp at UBS 06/08/20 JPMorgan BHP Group price target raised to 1,830 GBp from 1,780 GBp at JPMorgan 05/29/20 Fly Intel: Top five analyst upgrades 05/29/20 BofA BHP Group upgraded to Buy from Neutral at BofA 06/24/20 BHP Group hires banks to sell Australian thermal coal mine, Reuters reports 02/01/20 BP, Total among top non-U.S. International dividend companies. Barron's says 03/12/20 Largest borrow rate increases among liquid names 03/03/20 BHP Billiton put volume heavy and directionally bearish 02/20/20 Largest borrow rate increases among liquid names 01/06/20 Largest borrow rate increases among liquid names
Over a week ago
Recommendations
UBS analyst Myles Allsop…
UBS analyst Myles Allsop raised the firm's price target on BHP Group to 1,850 GBp from 1,700 GBp and keeps a Buy rating on the shares.
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05/27/20 Teck Resources announces Antamina resumes operations 04/20/20 BHP Group reports Q3 iron ore output 60MT, up 7% from last year 04/20/20 BHP Group backs FY20 iron ore output view of 242-253 MT 04/20/20 BHP Group CEO says China demand strengthened in recent weeks 06/08/20 JPMorgan BHP Group price target raised to 1,830 GBp from 1,780 GBp at JPMorgan 05/29/20 Fly Intel: Top five analyst upgrades 05/29/20 BofA BHP Group upgraded to Buy from Neutral at BofA 05/13/20 UBS BHP Group upgraded to Buy on valuation after pullback at UBS 06/24/20 BHP Group hires banks to sell Australian thermal coal mine, Reuters reports 02/01/20 BP, Total among top non-U.S. International dividend companies. Barron's says 03/12/20 Largest borrow rate increases among liquid names 03/03/20 BHP Billiton put volume heavy and directionally bearish 02/20/20 Largest borrow rate increases among liquid names 01/06/20 Largest borrow rate increases among liquid names
Periodicals
BHP Group has hired…
BHP Group has hired Macquarie Bank and JP Morgan to sell its Australian thermal coal mine, Reuters' Clara Denina and Melanie Burton report, citing three sources. BHP's Mt Arthur open cut mine, in the Hunter Valley region of New South Wales, supplies thermal coal used as fuel for power plants to domestic and international customers. Reference Link
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05/27/20 Teck Resources announces Antamina resumes operations 04/20/20 BHP Group reports Q3 iron ore output 60MT, up 7% from last year 04/20/20 BHP Group backs FY20 iron ore output view of 242-253 MT 04/20/20 BHP Group CEO says China demand strengthened in recent weeks 06/08/20 JPMorgan BHP Group price target raised to 1,830 GBp from 1,780 GBp at JPMorgan 05/29/20 Fly Intel: Top five analyst upgrades 05/29/20 BofA BHP Group upgraded to Buy from Neutral at BofA 05/13/20 UBS BHP Group upgraded to Buy on valuation after pullback at UBS 02/01/20 BP, Total among top non-U.S. International dividend companies. Barron's says 03/12/20 Largest borrow rate increases among liquid names 03/03/20 BHP Billiton put volume heavy and directionally bearish 02/20/20 Largest borrow rate increases among liquid names 01/06/20 Largest borrow rate increases among liquid names
Recommendations
JPMorgan analyst Dominic…
JPMorgan analyst Dominic O'Kane raised the firm's price target on BHP Group to 1,830 GBp from 1,780 GBp and keeps an Overweight rating on the shares.
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05/27/20 Teck Resources announces Antamina resumes operations 04/20/20 BHP Group reports Q3 iron ore output 60MT, up 7% from last year 04/20/20 BHP Group backs FY20 iron ore output view of 242-253 MT 04/20/20 BHP Group CEO says China demand strengthened in recent weeks 05/29/20 Fly Intel: Top five analyst upgrades 05/29/20 BofA BHP Group upgraded to Buy from Neutral at BofA 05/13/20 UBS BHP Group upgraded to Buy on valuation after pullback at UBS 05/13/20 UBS BHP Group upgraded to Buy from Neutral at UBS 02/01/20 BP, Total among top non-U.S. International dividend companies. Barron's says 03/12/20 Largest borrow rate increases among liquid names 03/03/20 BHP Billiton put volume heavy and directionally bearish 02/20/20 Largest borrow rate increases among liquid names 01/06/20 Largest borrow rate increases among liquid names
Over a month ago
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Catch up on today's…
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Bloomin' Brands (BLMN) upgraded to Buy from Hold at Jefferies with analyst Andy Barish citing early data from casual dining companies that have reported sales trends since reopening certain restaurants. 2. Domino's Pizza (DPZ) and Papa John's (PZZA) were upgraded to Buy from Neutral at Northcoast. 3. Polaris (PII) Industries upgraded to Outperform from Neutral at Wedbush with analyst James Hardiman saying the powersports names in general, and Polaris in particular, could prove to be "great" ways to play the reopening of states. 4. BHP Group (BHP) upgraded to Buy from Neutral at BofA with analyst Jason Fairclough saying iron ore prices will stay higher for longer due to stimulus in China and the restarting of industrial activity. 5. Fox Factory (FOXF) upgraded to Buy from Neutral at BofA with analyst Rafe Jadrosich saying the demand in the company's key end markets - including mountain bikes, off-road vehicles, and power-sports - should benefit from a spending shift away from traditional entertainment to "solitary leisure experiences." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
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05/27/20 Papa John's reports April, May period comparable sales 05/27/20 Papa John's provides update on ongoing COVID-19 response 05/06/20 Papa John's provides business update amid COVID-19 pandemic 04/13/20 Papa John's to hire up to 20,000 employees, CEO tells Cheddar 05/26/20 Polaris Industries announces covenants relief 04/28/20 Polaris Industries: COVID-19 to be 'substantial challenge' for remainder of year 04/28/20 Polaris Industries: Manufacturing plants restart production at select locations 04/28/20 Polaris Industries: Q1 No. America retail sales down high-single digits 04/09/20 Fox Factory says not providing guidance for FY20 due to virus 02/12/20 Fox Factory to acquire SCA Performance Holdings 05/26/20 Domino's Pizza up 1.7% at $366 per share following Q2 SSS update 05/26/20 Domino's Pizza says nearly all U.S. stores remain open, dining rooms closed 05/26/20 Domino's Pizza reports SS for week 1-8 of Q2 05/26/20 Domino's Pizza says U.S. sales accelerated in weeks 5-8 of Q2 05/15/20 Jana takes new stakes in Hillenbrand, New Relic during first quarter 05/08/20 Bloomin' Brands suspends strategic review process 05/05/20 Bloomin' sees ongoing weekly cash burn rate $6M-$8M on mostly off-premise sales 05/05/20 Bloomin' CEO says 'adhering to strongest of safety measures' as stores reopen 05/27/20 Teck Resources announces Antamina resumes operations 04/20/20 BHP Group reports Q3 iron ore output 60MT, up 7% from last year 04/20/20 BHP Group backs FY20 iron ore output view of 242-253 MT 04/20/20 BHP Group CEO says China demand strengthened in recent weeks 05/29/20 Jefferies Bloomin' Brands upgraded to Buy on early read on reopenings at Jefferies 05/29/20 Jefferies Bloomin' Brands upgraded to Buy from Hold at Jefferies 05/13/20 Loop Capital Bloomin' Brands price target lowered to $15 from $27 at Loop Capital 05/11/20 Guggenheim Bloomin' Brands price target raised to $15 from $11 at Guggenheim 05/29/20 Northcoast Domino's Pizza upgraded to Buy from Neutral at Northcoast 05/29/20 Northcoast Domino's Pizza upgraded to Buy from Neutral at Northcoast 05/28/20 RBC Capital Domino's Pizza price target raised to $415 from $406 at RBC Capital 05/28/20 Longbow Domino's Pizza price target raised to $441 from $430 at Longbow 05/29/20 Northcoast Papa John's upgraded to Buy from Neutral at Northcoast 05/28/20 Longbow Papa John's price target raised to $95 from $88 at Longbow 05/14/20 Northcoast Papa John's sustaining strong comp growth as states reopen, says Northcoast 05/07/20 Stephens Papa John's price target raised to $83 from $61 at Stephens 05/29/20 Wedbush Polaris upgraded to Outperform at Wedbush as state reopening play 05/29/20 Wedbush Polaris Industries upgraded to Outperform from Neutral at Wedbush 05/28/20 Raymond James Polaris Industries price target raised to $108 from $81 at Raymond James 05/18/20 UBS Polaris Industries price target lowered to $86 from $114 at UBS 05/29/20 BofA BHP Group upgraded to Buy from Neutral at BofA 05/13/20 UBS BHP Group upgraded to Buy on valuation after pullback at UBS 05/13/20 UBS BHP Group upgraded to Buy from Neutral at UBS 05/11/20 JPMorgan BHP Group price target lowered to 1,780 GBp from 1,830 GBp at JPMorgan 05/29/20 BofA Fox Factory upgraded to Buy from Neutral at BofA 05/29/20 BofA Fox Factory upgraded to Buy from Neutral at BofA 05/19/20 Berenberg Fox Factory downgraded to Hold from Buy at Berenberg 10/31/19 SunTrust Fox Factory price target lowered to $68 from $78 at SunTrust 05/06/20 Papa John's reports Q1 adj. EPS 15c, consensus 39c 03/31/20 Papa John's withdraws FY20 outlook 02/26/20 Papa John's sees FY20 adj. EPS $1.35-$1.55, consensus $1.53 02/26/20 Papa John's reports Q4 adj. EPS 37c, consensus 32c 04/28/20 Polaris Industries withdraws FY20 guidance 04/28/20 Polaris Industries reports Q1 adjusted EPS 22c, consensus 55c 04/27/20 Notable companies reporting before tomorrow's open 05/06/20 Fox Factory reports Q1 adj. EPS 52c, consensus 56c 04/09/20 Fox Factory sees Q1 revenue to be slightly above low end of $182M-$190M 03/03/20 Fox Factory sees FY20 EPS $3.00-$3.10, consensus $2.97 03/03/20 Fox Factory sees Q1 EPS 55c-60c, consensus 58c 04/23/20 Domino's Pizza reports Q1 EPS $3.07, consensus $2.32 04/23/20 Domino's Pizza withdraws two- to three-year outlook 04/22/20 Notable companies reporting before tomorrow's open 05/08/20 Bloomin' Brands reports Q1 adj. EPS 14c, consensus 20c 05/07/20 Notable companies reporting before tomorrow's open 05/05/20 Bloomin' Brands sees Q1 adjusted EPS 14c, consensus 20c 05/09/20 Hard seltzer, pizza booming amid pandemic, Barron's says 03/30/20 ISS says Papa John's shouldn't re-elect Shaq to board, Bloomberg reports 12/05/19 Former Papa John's CEO files suit against ad firm, Bloomberg says 05/12/20 Big ad buyers seek to sharply cut back third quarter TV spending, WSJ says 01/27/20 Domino's says one China store closed as coronavirus monitored, Bloomberg reports 01/15/20 Domino's Pizza backs long-term sales outlook, CNBC reports 01/08/20 Burger King interested in Outback Brazilian operations, Valor Economico says 02/01/20 BP, Total among top non-U.S. International dividend companies. Barron's says 04/27/20 Fly Intel: Twitter, eBay upgrades among today's top calls on Wall Street 04/01/20 Fly Intel: Papa John's upgrade, AT&T downgrade among top calls on Wall Street 03/31/20 Fly Intel: Wall Street's top stories for Tuesday 03/31/20 Fly Intel: Wall Street's top stories at midday 05/29/20 Tesla initiation among today's top Wall Street calls 05/18/20 Fly Insider: Aecom ,Virtu among week's notable insider trades 04/24/20 Fly Intel: eBay upgrade, Terex downgrade among today's top calls on Wall Street 03/12/20 Largest borrow rate increases among liquid names 03/03/20 BHP Billiton put volume heavy and directionally bearish 02/20/20 Largest borrow rate increases among liquid names 01/06/20 Largest borrow rate increases among liquid names
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BofA analyst Jason…
BofA analyst Jason Fairclough upgraded BHP Group to Buy from Neutral with a 2,050 GBp price target. Iron ore prices will stay higher for longer due to stimulus in China and the restarting of industrial activity, Fairclough tells investors in a research note. The analyst believes the company's payout ratio will remain above 5% with an implied dividend yield of 5%-6%.
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05/27/20 Teck Resources announces Antamina resumes operations 04/20/20 BHP Group reports Q3 iron ore output 60MT, up 7% from last year 04/20/20 BHP Group backs FY20 iron ore output view of 242-253 MT 04/20/20 BHP Group CEO says China demand strengthened in recent weeks 05/13/20 UBS BHP Group upgraded to Buy on valuation after pullback at UBS 05/13/20 UBS BHP Group upgraded to Buy from Neutral at UBS 05/11/20 JPMorgan BHP Group price target lowered to 1,780 GBp from 1,830 GBp at JPMorgan 04/30/20 JPMorgan BHP Group price target raised to 1,830 GBp from 1,820 GBp at JPMorgan 02/01/20 BP, Total among top non-U.S. International dividend companies. Barron's says 03/12/20 Largest borrow rate increases among liquid names 03/03/20 BHP Billiton put volume heavy and directionally bearish 02/20/20 Largest borrow rate increases among liquid names 01/06/20 Largest borrow rate increases among liquid names
Hot Stocks
Teck Resources Limited…
Teck Resources Limited (TECK) announced that Compania Minera Antamina, in which Teck has a 22.5% interest along with BHP (BHP), 33.75%, Glencore (GLNCY), 33.75%, and Mitsubishi Corporation (MSBHY), 10%, has now resumed operations at the Antamina mine. Antamina has mobilized a reduced operating workforce and plans to start off at roughly 80% of full capacity, with a gradual ramp-up to full production expected in the third quarter. Comprehensive COVID-19 protocols are in place to safeguard the health of workers and local communities.
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04/16/20 Teck Resources announces $20M COVID-19 response fund 04/13/20 Teck says Antamina mine temporarily suspends operations 03/24/20 Teck Resources: Fort Hills to be temporarily operated as single train facility 03/18/20 Teck Resources temporarily suspends construction activities for QB2 project 02/04/20 Copper miners surge amid Glencore production decline 01/09/20 CN, NorFalco sign multi-year freight transportation agreement 12/05/19 SFO confirms investigation into suspected bribery at Glencore 04/20/20 BHP Group reports Q3 iron ore output 60MT, up 7% from last year 04/20/20 BHP Group backs FY20 iron ore output view of 242-253 MT 04/20/20 BHP Group CEO says China demand strengthened in recent weeks 04/08/20 BHP Group has 'small number' of COVID-19 cases among staff 04/22/20 TD Securities Teck Resources price target lowered to C$17.50 from C$20 at TD Securities 04/22/20 RBC Capital Teck Resources price target lowered to C$21 from C$23 at RBC Capital 04/22/20 Citi Teck Resources downgraded to Neutral from Buy at Citi 04/03/20 RBC Capital Teck Resources price target lowered to C$23 from C$24 at RBC Capital 05/13/20 UBS BHP Group upgraded to Buy on valuation after pullback at UBS 05/13/20 UBS BHP Group upgraded to Buy from Neutral at UBS 05/11/20 JPMorgan BHP Group price target lowered to 1,780 GBp from 1,830 GBp at JPMorgan 04/30/20 JPMorgan BHP Group price target raised to 1,830 GBp from 1,820 GBp at JPMorgan 05/11/20 JPMorgan Glencore price target raised to ZAR 4,000 from ZAR 3,900 at JPMorgan 05/07/20 Credit Suisse Glencore downgraded to Neutral from Outperform at Credit Suisse 05/07/20 Credit Suisse Glencore downgraded to Neutral from Outperform at Credit Suisse 04/30/20 JPMorgan Glencore price target raised to 170 GBp from 140 GBp at JPMorgan 04/21/20 Teck Resources reports Q1 adj. EPS C$0.17 vs. C$1.09 last year 02/21/20 Teck Resources reports Q4 adj. EPS C$0.22 vs. C$0.86 last year 01/29/20 Teck CEO says 'anyone's guess' whether Canada will clear Frontier, Reuters says 04/07/20 Glencore's Mopani Copper to close Zambia mines amid virus, Reuters says 01/15/20 Tesla in talks to buy cobalt from Glencore for use in China, Bloomberg says 12/03/19 Glencore CEO says successor could come in next year, Reuters says 02/01/20 BP, Total among top non-U.S. International dividend companies. Barron's says 04/30/20 Teck Resources call volume above normal and directionally bullish 04/29/20 Unusually active option classes on open April 29th 04/29/20 Teck Resources call buyer realizes 144% same-day gains 04/28/20 Teck Resources call volume above normal and directionally bullish 03/12/20 Largest borrow rate increases among liquid names 03/03/20 BHP Billiton put volume heavy and directionally bearish 02/20/20 Largest borrow rate increases among liquid names 01/06/20 Largest borrow rate increases among liquid names
Upgrade
UBS analyst Myles Allsop…
UBS analyst Myles Allsop upgraded BHP Group to Buy from Neutral with a price target of 1,700 GBp, down from 1,800 GBp. While the outlook for commodity demand remains uncertain, BHP is well positioned given its "high quality low-cost" assets and "strong" balance sheet, Allsop tells investors in a research note. With the share price down 20% since February and with an "sustainable" dividend yield over 5%, the valuation is now attractive, says the analyst.
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04/20/20 BHP Group reports Q3 iron ore output 60MT, up 7% from last year 04/20/20 BHP Group backs FY20 iron ore output view of 242-253 MT 04/20/20 BHP Group CEO says China demand strengthened in recent weeks 04/08/20 BHP Group has 'small number' of COVID-19 cases among staff 05/13/20 UBS BHP Group upgraded to Buy from Neutral at UBS 05/11/20 JPMorgan BHP Group price target lowered to 1,780 GBp from 1,830 GBp at JPMorgan 04/30/20 JPMorgan BHP Group price target raised to 1,830 GBp from 1,820 GBp at JPMorgan 04/22/20 Societe Generale BHP, Anglo American upgraded to Buy at Societe Generale on improving conditions 02/01/20 BP, Total among top non-U.S. International dividend companies. Barron's says 11/27/19 BHP's Henry says prioritizing developments in technology, Reuters reports 11/23/19 Barron's recommends fourteen value stocks 03/12/20 Largest borrow rate increases among liquid names 03/03/20 BHP Billiton put volume heavy and directionally bearish 02/20/20 Largest borrow rate increases among liquid names 01/06/20 Largest borrow rate increases among liquid names
Upgrade
UBS upgraded BHP Group to…
UBS upgraded BHP Group to Buy from Neutral with a 1,700 GBp price target.
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04/20/20 BHP Group reports Q3 iron ore output 60MT, up 7% from last year 04/20/20 BHP Group backs FY20 iron ore output view of 242-253 MT 04/20/20 BHP Group CEO says China demand strengthened in recent weeks 04/08/20 BHP Group has 'small number' of COVID-19 cases among staff 05/11/20 JPMorgan BHP Group price target lowered to 1,780 GBp from 1,830 GBp at JPMorgan 04/30/20 JPMorgan BHP Group price target raised to 1,830 GBp from 1,820 GBp at JPMorgan 04/22/20 Societe Generale BHP, Anglo American upgraded to Buy at Societe Generale on improving conditions 04/22/20 Societe Generale BHP Group upgraded to Buy from Hold at Societe Generale 02/01/20 BP, Total among top non-U.S. International dividend companies. Barron's says 11/27/19 BHP's Henry says prioritizing developments in technology, Reuters reports 11/23/19 Barron's recommends fourteen value stocks 03/12/20 Largest borrow rate increases among liquid names 03/03/20 BHP Billiton put volume heavy and directionally bearish 02/20/20 Largest borrow rate increases among liquid names 01/06/20 Largest borrow rate increases among liquid names