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Fly Intel: Top five analyst downgrades » 09:54
11/04/20
11/04
09:54
11/04/20
09:54
WLK

Westlake Chemical

$71.50 /

-2.75 (-3.70%)

, HRC

Hill-Rom

$86.85 /

-1.69 (-1.91%)

, AROC

Archrock

$6.18 /

-0.43 (-6.51%)

, KMT

Kennametal

$28.38 /

-0.68 (-2.34%)

, CSNVY

Corbion

$0.00 /

+ (+0.00%)

Catch up on today's…

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Westlake Chemical (WLK) downgraded to Underperform from Sector Perform at Scotiabank with analyst Ben Isaacson saying the company's polyethylene margins are likely to compress in 2021 on rising raw material costs and downward price corrections. 2. Hill-Rom (HRC) downgraded to Hold from Buy at Needham with analyst Mike Matson saying that while the hospital capital spending is improving, he expects it to remain a headwind in FY21. 3. Archrock (AROC) downgraded to Equalweight from Overweight at Capital One. 4. Kennametal (KMT) downgraded to Sector Weight from Overweight at KeyBanc with analyst Steve Barger saying the quarter was "disappointing" and fiscal 2021 will be another year of negative earnings growth. 5. Corbion (CSNVY) downgraded to Hold from Buy at Berenberg with analyst Sebastian Bray saying he no longer views the shares as undervalued following the company's Q3 results. 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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WLK Westlake Chemical
$71.50 /

-2.75 (-3.70%)

KMT Kennametal
$28.38 /

-0.68 (-2.34%)

HRC Hill-Rom
$86.85 /

-1.69 (-1.91%)

WLK Westlake Chemical
$71.50 /

-2.75 (-3.70%)

11/04/20 RBC Capital
Westlake Chemical price target raised to $77 from $68 at RBC Capital
11/04/20 Scotiabank
Scotiabank downgrades 'most overvalued' Westlake Chemical to sell
11/04/20 Deutsche Bank
Westlake Chemical price target raised to $82 from $65 at Deutsche Bank
11/04/20 Scotiabank
Westlake Chemical downgraded to Underperform from Sector Perform at Scotiabank
HRC Hill-Rom
$86.85 /

-1.69 (-1.91%)

11/04/20
Hill-Rom cut to Hold at Needham, expecting 'lost year' in FY21
11/04/20 Needham
Hill-Rom downgraded to Hold from Buy at Needham
10/01/20 KeyBanc
Hill-Rom price target lowered to $115 from $138 at KeyBanc
09/29/20 Needham
Hill-Rom price target lowered to $117 from $129 at Needham
AROC Archrock
$6.18 /

-0.43 (-6.51%)

11/04/20 Capital One
Archrock downgraded to Equalweight from Overweight at Capital One
06/29/20 Stifel
Archrock initiated with a Buy at Stifel
03/17/20 B. Riley Securities
B. Riley FBR says be 'highly selective' in Oilfield Services, downgrades three
KMT Kennametal
$28.38 /

-0.68 (-2.34%)

11/03/20 KeyBanc
KeyBanc downgrades Kennametal after 'disappointing' quarter
11/03/20 KeyBanc
Kennametal downgraded to Sector Weight from Overweight at KeyBanc
08/10/20 Barclays
Kennametal downgraded to Equal Weight from Overweight at Barclays
06/26/20 Morgan Stanley
Kennametal initiated with an Equal Weight at Morgan Stanley
CSNVY Corbion
$0.00 /

+ (+0.00%)

11/04/20 Berenberg
Corbion downgraded to Hold from Buy at Berenberg
05/05/20 Berenberg
Corbion price target raised to EUR 35 from EUR 31 at Berenberg
WLK Westlake Chemical
$71.50 /

-2.75 (-3.70%)

KMT Kennametal
$28.38 /

-0.68 (-2.34%)

HRC Hill-Rom
$86.85 /

-1.69 (-1.91%)

AROC Archrock
$6.18 /

-0.43 (-6.51%)

WLK Westlake Chemical
$71.50 /

-2.75 (-3.70%)

AROC Archrock
$6.18 /

-0.43 (-6.51%)

Downgrade
KeyBanc downgrades Kennametal after 'disappointing' quarter » 13:08
11/03/20
11/03
13:08
11/03/20
13:08
KMT

Kennametal

$30.44 /

-2.105 (-6.47%)

KeyBanc analyst Steve…

KeyBanc analyst Steve Barger downgraded Kennametal to Sector Weight from Overweight without a price target following the company's fiscal Q1 results. The quarter was "disappointing" and fiscal 2021 will be another year of negative earnings growth, Barger tells investors in a research note. While Kennametal has made permanent changes to its cost structure, there's uncertainment to as to when this will translate into sustainable margin expansion and earnings growth, says the analyst. Barger sees "easier ways to play an industrial recovery."

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KMT Kennametal
$30.44 /

-2.105 (-6.47%)

KMT Kennametal
$30.44 /

-2.105 (-6.47%)

11/03/20 KeyBanc
Kennametal downgraded to Sector Weight from Overweight at KeyBanc
08/10/20 Barclays
Kennametal downgraded to Equal Weight from Overweight at Barclays
06/26/20 Morgan Stanley
Kennametal initiated with an Equal Weight at Morgan Stanley
06/10/20 BMO Capital
Kennametal price target raised to $29 from $18 at BMO Capital
KMT Kennametal
$30.44 /

-2.105 (-6.47%)

Downgrade
Kennametal downgraded to Sector Weight from Overweight at KeyBanc » 13:03
11/03/20
11/03
13:03
11/03/20
13:03
KMT

Kennametal

$30.30 /

-2.24 (-6.88%)

KeyBanc analyst Steve…

KeyBanc analyst Steve Barger downgraded Kennametal to Sector Weight from Overweight.

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KMT Kennametal
$30.30 /

-2.24 (-6.88%)

KMT Kennametal
$30.30 /

-2.24 (-6.88%)

08/10/20 Barclays
Kennametal downgraded to Equal Weight from Overweight at Barclays
06/26/20 Morgan Stanley
Kennametal initiated with an Equal Weight at Morgan Stanley
06/10/20 BMO Capital
Kennametal price target raised to $29 from $18 at BMO Capital
06/03/20 Wells Fargo
Kennametal price target raised to $35 from $30 at Wells Fargo
KMT Kennametal
$30.30 /

-2.24 (-6.88%)

Earnings
Kennametal not providing FY21 guidance » 16:03
11/02/20
11/02
16:03
11/02/20
16:03
KMT

Kennametal

$32.45 /

+1.46 (+4.71%)

While there are signs of…

While there are signs of improvement, overall global market conditions remain unpredictable and visibility into primary end markets remains limited. Therefore, the company will not be providing an FY21 outlook at this time, outside of capital spending, which is unchanged and expected to be between $110M-$130M.

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KMT Kennametal
$32.45 /

+1.46 (+4.71%)

KMT Kennametal
$32.45 /

+1.46 (+4.71%)

08/10/20 Barclays
Kennametal downgraded to Equal Weight from Overweight at Barclays
06/26/20 Morgan Stanley
Kennametal initiated with an Equal Weight at Morgan Stanley
06/10/20 BMO Capital
Kennametal price target raised to $29 from $18 at BMO Capital
06/03/20 Wells Fargo
Kennametal price target raised to $35 from $30 at Wells Fargo
KMT Kennametal
$32.45 /

+1.46 (+4.71%)

Earnings
Kennametal reports Q1 adjusted EPS 3c, consensus 6c » 16:03
11/02/20
11/02
16:03
11/02/20
16:03
KMT

Kennametal

$32.45 /

+1.46 (+4.71%)

Reports Q1 revenue $400M,…

Reports Q1 revenue $400M, consensus $385.64M.

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KMT Kennametal
$32.45 /

+1.46 (+4.71%)

KMT Kennametal
$32.45 /

+1.46 (+4.71%)

08/10/20 Barclays
Kennametal downgraded to Equal Weight from Overweight at Barclays
06/26/20 Morgan Stanley
Kennametal initiated with an Equal Weight at Morgan Stanley
06/10/20 BMO Capital
Kennametal price target raised to $29 from $18 at BMO Capital
06/03/20 Wells Fargo
Kennametal price target raised to $35 from $30 at Wells Fargo
KMT Kennametal
$32.45 /

+1.46 (+4.71%)

Over a month ago
Conference/Events
Kennametal management to meet virtually with JPMorgan » 04:55
09/09/20
09/09
04:55
09/09/20
04:55
KMT

Kennametal

$30.93 /

-0.26 (-0.83%)

Virtual Meetings to be…

Virtual Meetings to be held on September 8-9 hosted by JPMorgan.

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KMT Kennametal
$30.93 /

-0.26 (-0.83%)

KMT Kennametal
$30.93 /

-0.26 (-0.83%)

08/10/20 Barclays
Kennametal downgraded to Equal Weight from Overweight at Barclays
06/26/20 Morgan Stanley
Kennametal initiated with an Equal Weight at Morgan Stanley
06/10/20 BMO Capital
Kennametal price target raised to $29 from $18 at BMO Capital
06/03/20 Wells Fargo
Kennametal price target raised to $35 from $30 at Wells Fargo
KMT Kennametal
$30.93 /

-0.26 (-0.83%)

Conference/Events
Kennametal management to meet virtually with JPMorgan » 04:55
09/08/20
09/08
04:55
09/08/20
04:55
KMT

Kennametal

$31.21 /

+1.035 (+3.43%)

Virtual Meetings to be…

Virtual Meetings to be held on September 8-9 hosted by JPMorgan.

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KMT Kennametal
$31.21 /

+1.035 (+3.43%)

KMT Kennametal
$31.21 /

+1.035 (+3.43%)

08/10/20 Barclays
Kennametal downgraded to Equal Weight from Overweight at Barclays
06/26/20 Morgan Stanley
Kennametal initiated with an Equal Weight at Morgan Stanley
06/10/20 BMO Capital
Kennametal price target raised to $29 from $18 at BMO Capital
06/03/20 Wells Fargo
Kennametal price target raised to $35 from $30 at Wells Fargo
KMT Kennametal
$31.21 /

+1.035 (+3.43%)

Conference/Events
Kennametal management to meet virtually with JPMorgan » 09:33
09/02/20
09/02
09:33
09/02/20
09:33
KMT

Kennametal

$29.95 /

+0.92 (+3.17%)

Virtual Meetings to be…

Virtual Meetings to be held on September 8-9 hosted by JPMorgan.

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KMT Kennametal
$29.95 /

+0.92 (+3.17%)

KMT Kennametal
$29.95 /

+0.92 (+3.17%)

08/10/20 Barclays
Kennametal downgraded to Equal Weight from Overweight at Barclays
06/26/20 Morgan Stanley
Kennametal initiated with an Equal Weight at Morgan Stanley
06/10/20 BMO Capital
Kennametal price target raised to $29 from $18 at BMO Capital
06/03/20 Wells Fargo
Kennametal price target raised to $35 from $30 at Wells Fargo
KMT Kennametal
$29.95 /

+0.92 (+3.17%)

Over a quarter ago
Syndicate
Kennametal files automatic mixed securities shelf  17:24
08/20/20
08/20
17:24
08/20/20
17:24
KMT

Kennametal

$29.10 /

-0.13 (-0.44%)

 
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KMT Kennametal
$29.10 /

-0.13 (-0.44%)

KMT Kennametal
$29.10 /

-0.13 (-0.44%)

08/10/20 Barclays
Kennametal downgraded to Equal Weight from Overweight at Barclays
06/26/20 Morgan Stanley
Kennametal initiated with an Equal Weight at Morgan Stanley
06/10/20 BMO Capital
Kennametal price target raised to $29 from $18 at BMO Capital
06/03/20 Wells Fargo
Kennametal price target raised to $35 from $30 at Wells Fargo
KMT Kennametal
$29.10 /

-0.13 (-0.44%)

Downgrade
Kennametal downgraded to Equal Weight from Overweight at Barclays » 06:06
08/10/20
08/10
06:06
08/10/20
06:06
KMT

Kennametal

$29.10 /

+1.03 (+3.67%)

Barclays analyst Julian…

Barclays analyst Julian Mitchell downgraded Kennametal to Equal Weight from Overweight with a price target of $32, down from $34. The company's free cash flow profile for the recovery looks worse than he had expected while the company's sales exposure to potential "snapback markets" is low, Mitchell tells investors.

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KMT Kennametal
$29.10 /

+1.03 (+3.67%)

KMT Kennametal
$29.10 /

+1.03 (+3.67%)

06/26/20 Morgan Stanley
Kennametal initiated with an Equal Weight at Morgan Stanley
06/10/20 BMO Capital
Kennametal price target raised to $29 from $18 at BMO Capital
06/03/20 Wells Fargo
Kennametal price target raised to $35 from $30 at Wells Fargo
03/17/20 Wells Fargo
Kennametal price target lowered to $30 from $37 at Wells Fargo
KMT Kennametal
$29.10 /

+1.03 (+3.67%)

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