Breaking News

Friday
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Recommendations
Axalta Coating price target raised to $27 from $22 at JPMorgan » 09:13
05/29/20
05/29
09:13
05/29/20
09:13
AXTA

Axalta Coating

$23.33 /

-0.585 (-2.45%)

, PPG

PPG

$102.73 /

+0.38 (+0.37%)

, SHW

Sherwin-Williams

$590.46 /

+7.22 (+1.24%)

, RPM

RPM

$74.40 /

+1.01 (+1.38%)

JPMorgan analyst Jeffrey…

JPMorgan analyst Jeffrey Zekauskas raised the firm's price target on Axalta Coating Systems (AXTA) to $27 from $22 and keeps an Overweight rating on the shares. The cyclicality of the industrial economy in an environment of slowing growth and now contraction has worked against the earnings and the valuations of Axalta and PPG Industries (PPG), Zekauskas tells investors in a research note. However, the tables are now turning, as the recovery in the housing market may be delayed or come in "fits and starts" because of domestic recessionary conditions, and the auto market is poised for a "more durable and predictable" multi-year recovery, says the analyst. Zekauskas keeps Overweight ratings on Axalta and PPG and Neutral ratings on Sherwin-Williams (SHW) and RPM (RPM).

ShowHide Related Items >><<
SHW Sherwin-Williams
$590.46 /

+7.22 (+1.24%)

RPM RPM
$74.40 /

+1.01 (+1.38%)

PPG PPG
$102.73 /

+0.38 (+0.37%)

AXTA Axalta Coating
$23.33 /

-0.585 (-2.45%)

AXTA Axalta Coating
$23.33 /

-0.585 (-2.45%)

05/12/20 Goldman Sachs
Axalta Coating upgraded to Buy from Neutral at Goldman Sachs
04/03/20 JPMorgan
Axalta Coating price target lowered to $20 from $33 at JPMorgan
04/02/20 BMO Capital
Axalta Coating price target lowered to $28 from $35 at BMO Capital
04/01/20 Deutsche Bank
Axalta Coating price target lowered to $20 from $32 at Deutsche Bank
PPG PPG
$102.73 /

+0.38 (+0.37%)

05/22/20 JPMorgan
PPG price target raised to $105 from $100 at JPMorgan
05/06/20
Fly Intel: Top five analyst upgrades
05/06/20 JPMorgan
PPG upgraded to Overweight with $100 price target at JPMorgan
05/06/20 JPMorgan
PPG upgraded to Overweight from Neutral at JPMorgan
SHW Sherwin-Williams
$590.46 /

+7.22 (+1.24%)

04/30/20 Credit Suisse
Sherwin-Williams price target raised to $600 from $590 at Credit Suisse
04/30/20 Loop Capital
Sherwin-Williams price target raised to $585 from $530 at Loop Capital
04/16/20 Wells Fargo
Sherwin-Williams upgraded to Overweight from Equal Weight at Wells Fargo
04/09/20 Credit Suisse
Sherwin-Williams price target lowered to $590 from $615 at Credit Suisse
RPM RPM
$74.40 /

+1.01 (+1.38%)

04/09/20 BMO Capital
RPM price target lowered to $80 from $90 at BMO Capital
03/26/20 Wells Fargo
RPM price target lowered to $71 from $84 at Wells Fargo
03/26/20 RBC Capital
RPM upgraded to Outperform from Sector Perform at RBC Capital
03/26/20 RBC Capital
RPM upgraded to Outperform from Sector Perform at RBC Capital
SHW Sherwin-Williams
$590.46 /

+7.22 (+1.24%)

RPM RPM
$74.40 /

+1.01 (+1.38%)

PPG PPG
$102.73 /

+0.38 (+0.37%)

AXTA Axalta Coating
$23.33 /

-0.585 (-2.45%)

SHW Sherwin-Williams
$590.46 /

+7.22 (+1.24%)

PPG PPG
$102.73 /

+0.38 (+0.37%)

AXTA Axalta Coating
$23.33 /

-0.585 (-2.45%)

SHW Sherwin-Williams
$590.46 /

+7.22 (+1.24%)

RPM RPM
$74.40 /

+1.01 (+1.38%)

AXTA Axalta Coating
$23.33 /

-0.585 (-2.45%)

Over a month ago
Recommendations
RPM price target lowered to $80 from $90 at BMO Capital » 08:39
04/09/20
04/09
08:39
04/09/20
08:39
RPM

RPM

$64.76 /

+3.32 (+5.40%)

BMO Capital analyst John…

BMO Capital analyst John McNulty lowered the firm's price target on RPM to $80 from $90 but keeps an Outperform rating on the shares. The analyst notes that the company's Q3 earnings beat highlighted the significance and timeliness of its Map to Growth program, with the quarter also registering continued margin improvement and share gains in Consumer and Construction, which should help to offset further upcoming macro headwinds. McNulty is still cutting his 2020 EPS view to $3.03 from $3.34 and FY21 view to $3.18 from $4.20 to reflect RPM management's conservative guidance.

ShowHide Related Items >><<
RPM RPM
$64.76 /

+3.32 (+5.40%)

03/26/20 Wells Fargo
RPM price target lowered to $71 from $84 at Wells Fargo
03/26/20 RBC Capital
RPM upgraded to Outperform from Sector Perform at RBC Capital
03/26/20 RBC Capital
RPM upgraded to Outperform from Sector Perform at RBC Capital
03/23/20 BofA
BofA ups three, cuts two U.S. Chemicals stocks after COVID sensitivity analysis
On The Fly
Fly Intel: Pre-market Movers » 09:06
04/08/20
04/08
09:06
04/08/20
09:06
EHTH

eHealth

$117.05 /

-13.53 (-10.36%)

, NVAX

Novavax

$14.87 /

-1.25 (-7.75%)

, PINS

Pinterest

$15.12 /

-0.1 (-0.66%)

, UPS

UPS

$93.01 /

-2.53 (-2.65%)

, FDX

FedEx

$115.98 /

-3.07 (-2.58%)

, RPM

RPM

$61.44 /

+1.58 (+2.64%)

, SGH

Smart Global

$22.61 /

-1.02 (-4.32%)

, GNMK

GenMark

$4.49 /

-0.07 (-1.54%)

, TLGT

Teligent

$0.32 /

+0.0441 (+16.20%)

, AMC

AMC Entertainment

$3.12 /

+0.26 (+9.09%)

, HCAT

Health Catalyst

$26.92 /

-0.76 (-2.75%)

, GLUU

Glu Mobile

$6.14 /

+0.12 (+1.99%)

, IQ

iQIYI

$17.27 /

+0.51 (+3.04%)

, W

Wayfair

$77.44 /

+5.905 (+8.26%)

Check out this morning's…

Open Full Text

ShowHide Related Items >><<
EHTH eHealth
$117.05 /

-13.53 (-10.36%)

03/12/20 Cantor Fitzgerald
eHealth could be considerably undervalued, says Cantor Fitzgerald
02/24/20 Credit Suisse
eHealth price target raised to $179 from $145 at Credit Suisse
02/21/20 SunTrust
eHealth price target raised to $250 from $200 at SunTrust
02/21/20 Craig-Hallum
eHealth price target raised to $200 from $150 at Craig-Hallum
NVAX Novavax
$14.87 /

-1.25 (-7.75%)

03/27/20 B. Riley FBR
Novavax price target raised to $20 from $15 at B. Riley FBR
03/25/20 Cantor Fitzgerald
Novavax price target raised to $23 from $16 at Cantor Fitzgerald
03/25/20 H.C. Wainwright
Novavax price target raised to $24 from $17 at H.C. Wainwright
03/24/20 Ladenburg
Novavax price target raised to $24 from $16 at Ladenburg
PINS Pinterest
$15.12 /

-0.1 (-0.66%)

04/08/20 Credit Suisse
Pinterest price target lowered to $23 from $29 at Credit Suisse
04/08/20 Deutsche Bank
Pinterest update shows Snap could post in-line Q1, says Deutsche Bank
04/07/20 Baird
Pinterest record engagement in past two weeks bodes well beyond storm, say Baird
03/30/20 JPMorgan
Facebook price target lowered to $215 from $225 at JPMorgan
UPS UPS
$93.01 /

-2.53 (-2.65%)

04/08/20 JPMorgan
FedEx, UPS to rally on Amazon halting delivery service, says JPMorgan
04/08/20 Credit Suisse
Amazon external delivery suspension positive for UPS/FedEx, says Credit Suisse
04/08/20 BofA
Amazon Shipping service suspension positive for UPS and FedEx, says BofA
04/08/20 Wells Fargo
UPS price target lowered to $121 from $141 at Wells Fargo
FDX FedEx
$115.98 /

-3.07 (-2.58%)

RPM RPM
$61.44 /

+1.58 (+2.64%)

03/26/20 Wells Fargo
RPM price target lowered to $71 from $84 at Wells Fargo
03/26/20 RBC Capital
RPM upgraded to Outperform from Sector Perform at RBC Capital
03/26/20 RBC Capital
RPM upgraded to Outperform from Sector Perform at RBC Capital
03/23/20 BofA
BofA ups three, cuts two U.S. Chemicals stocks after COVID sensitivity analysis
SGH Smart Global
$22.61 /

-1.02 (-4.32%)

04/08/20 Roth Capital
Smart Global price target lowered to $25 from $30 at Roth Capital
04/08/20 Needham
Smart Global price target lowered to $35 from $45 at Needham
02/07/20 Roth Capital
Smart Global downgraded to Neutral at Roth Capital following debt offering
02/07/20 Roth Capital
Smart Global downgraded to Neutral from Buy at Roth Capital
GNMK GenMark
$4.49 /

-0.07 (-1.54%)

02/11/20
Fly Intel: Top five analyst downgrades
02/11/20 Raymond James
GenMark downgraded to Market Perform from Outperform at Raymond James
02/11/20 Raymond James
GenMark downgraded to Market Perform from Outperform at Raymond James
12/11/19 JPMorgan
JPMorgan downgrades GenMark to Neutral on competitive pressures
TLGT Teligent
$0.32 /

+0.0441 (+16.20%)

10/03/19
Fly Intel: Top five analyst downgrades
10/03/19 Raymond James
Teligent downgraded at Raymond James following strategic review announcement
10/03/19 Raymond James
Teligent downgraded to Market Perform from Outperform at Raymond James
AMC AMC Entertainment
$3.12 /

+0.26 (+9.09%)

04/08/20 Loop Capital
AMC Entertainment downgraded to Sell from Hold at Loop Capital
04/08/20 Loop Capital
AMC Entertainment downgraded to Sell from Hold at Loop Capital
03/26/20 RBC Capital
Cheesecake, AMC news highlight tenants financial stress, says RBC Capital
03/24/20 Credit Suisse
AMC Entertainment downgraded to Neutral from Outperform at Credit Suisse
HCAT Health Catalyst
$26.92 /

-0.76 (-2.75%)

04/02/20 Canaccord
Health Catalyst initiated with a Buy at Canaccord
03/20/20 JPMorgan
Health Catalyst more insulated from COVID-19 disruption, says JPMorgan
12/19/19 Raymond James
Health Catalyst initiated with a Strong Buy at Raymond James
12/19/19 Raymond James
Health Catalyst initiated with a Strong Buy at Raymond James
GLUU Glu Mobile
$6.14 /

+0.12 (+1.99%)

04/08/20 Stephens
Glu Mobile downgraded to Underweight from Equal Weight at Stephens
03/17/20 Piper Sandler
Video game makers positioned to continue outperforming, says Piper Sandler
03/16/20 Cowen
Video game fundamentals should fare well now, says Cowen
03/12/20 Stifel
Video game publishers may be affected by sports league suspensions, says Stifel
IQ iQIYI
$17.27 /

+0.51 (+3.04%)

02/28/20 CLSA
CLSA upgrades iQIYI to Outperform with coronavirus boosting traffic
02/28/20 CLSA
iQIYI upgraded to Outperform from Underperform at CLSA
02/27/20 JPMorgan
iQIYI upgraded to Neutral with $22 price target at JPMorgan
02/26/20 JPMorgan
iQIYI upgraded to Neutral from Underweight at JPMorgan
W Wayfair
$77.44 /

+5.905 (+8.26%)

04/08/20 JPMorgan
JPMorgan downgrades Wayfair to Underweight, calls revenue surge unsustainable
04/08/20 JPMorgan
Wayfair downgraded to Underweight from Neutral at JPMorgan
04/07/20 BofA
Wayfair upgraded to Buy from Neutral at BofA
04/07/20 BofA
Wayfair upgraded to Buy from Neutral at BofA
Hot Stocks
RPM suspends share buyback program » 06:49
04/08/20
04/08
06:49
04/08/20
06:49
RPM

RPM

$61.44 /

+1.58 (+2.64%)

"In March 2020,…

"In March 2020, subsequent to the end of the third quarter, we repurchased approximately $25 million of our common shares. This is in addition to the $300 million we repurchased during fiscal 2019 and the first three quarters of fiscal 2020, coupled with the $200 million cash redemption of our convertible notes in November of 2018. Given recent macroeconomic uncertainty resulting from the COVID-19 pandemic, we have suspended our share buyback program," stated CEO Sullivan.

ShowHide Related Items >><<
RPM RPM
$61.44 /

+1.58 (+2.64%)

03/26/20 Wells Fargo
RPM price target lowered to $71 from $84 at Wells Fargo
03/26/20 RBC Capital
RPM upgraded to Outperform from Sector Perform at RBC Capital
03/26/20 RBC Capital
RPM upgraded to Outperform from Sector Perform at RBC Capital
03/23/20 BofA
BofA ups three, cuts two U.S. Chemicals stocks after COVID sensitivity analysis
Earnings
RPM withdraws Q4, FY20 guidance » 06:47
04/08/20
04/08
06:47
04/08/20
06:47
RPM

RPM

$61.44 /

+1.58 (+2.64%)

"The fourth quarter…

"The fourth quarter is seasonally our strongest and was off to a good start in March, with consolidated sales up approximately 5% over the prior year. Many of our products are used for construction, maintenance and repair projects, which are deemed essential in many cases and are relatively recession resistant. A large number of our North American customers, such as those in construction and DIY home and hardware retail, are also considered essential and currently remain open for business. With people spending more time in their homes, there is potential for increased activity in DIY projects. Demand is strong for our professional and consumer cleaning and disinfectant brands, some of which are effective against Coronavirus. Raw material cost inflation seems to be moderating in a number of our key product categories. Our global supply chain remains strong, and our distribution and operations associates continue to work diligently to meet customer demand," stated CEO Sullivan. "However, like most companies, we expect our financial results to be impacted by the disruption and uncertainty COVID-19 is having on the global economy. As we cannot predict the duration or scope of the pandemic, the financial impact to our results cannot be reasonably estimated, but could be material. COVID-19 is also disrupting our ability to implement new initiatives under our restructuring program. While there are some activities that can be carried out virtually, many require a physical presence that is being hindered by limits on travel and access to facilities. Because of this, we will be extending the timeline for achieving our MAP to Growth goals. As markets stabilize and we gain more clarity into business conditions, we will communicate our new MAP to Growth timeline. According to current government projections, it appears that the crisis will reach its peak in April or May. This is a fluid situation, and the information available to us is rapidly changing. As of today, we anticipate that our consolidated fourth-quarter revenue will be down 10% to 15% year over year. This assumes that our strong March results are counterbalanced by sales drops in April and May of 15% to 20%. Given the uncertainties around this crisis, we are withdrawing our prior earnings guidance for the fourth quarter and full year of fiscal 2020. We continue to assess the situation and the long-term impact of COVID-19. In this environment, we are taking aggressive actions to manage cash flow by reducing working capital, capital expenditures and discretionary spending. The MAP to Growth program timing has been fortunate for us in this regard since we have improved margins and are starting to see the benefits of our working capital reduction program, resulting in improved cash flow this year. Additionally, we have significant liquidity and a strong balance sheet, which we anticipate will keep us in a solid financial position."

ShowHide Related Items >><<
RPM RPM
$61.44 /

+1.58 (+2.64%)

03/26/20 Wells Fargo
RPM price target lowered to $71 from $84 at Wells Fargo
03/26/20 RBC Capital
RPM upgraded to Outperform from Sector Perform at RBC Capital
03/26/20 RBC Capital
RPM upgraded to Outperform from Sector Perform at RBC Capital
03/23/20 BofA
BofA ups three, cuts two U.S. Chemicals stocks after COVID sensitivity analysis
Earnings
RPM reports Q3 adjusted EPS 23c, consensus 21c » 06:45
04/08/20
04/08
06:45
04/08/20
06:45
RPM

RPM

$61.44 /

+1.58 (+2.64%)

Reports Q3 revenue…

Reports Q3 revenue $1.17B, consensus $1.18B.

ShowHide Related Items >><<
RPM RPM
$61.44 /

+1.58 (+2.64%)

03/26/20 Wells Fargo
RPM price target lowered to $71 from $84 at Wells Fargo
03/26/20 RBC Capital
RPM upgraded to Outperform from Sector Perform at RBC Capital
03/26/20 RBC Capital
RPM upgraded to Outperform from Sector Perform at RBC Capital
03/23/20 BofA
BofA ups three, cuts two U.S. Chemicals stocks after COVID sensitivity analysis
Recommendations
RPM price target lowered to $71 from $84 at Wells Fargo » 08:14
03/26/20
03/26
08:14
03/26/20
08:14
RPM

RPM

$57.49 /

+3.72 (+6.92%)

Wells Fargo analyst…

Wells Fargo analyst Michael Sison lowered the firm's price target on RPM to $71 from $84 and keeps an Overweight rating on the shares. The analyst also lowered his earnings outlook to reflect recessionary conditions.

ShowHide Related Items >><<
RPM RPM
$57.49 /

+3.72 (+6.92%)

03/26/20 RBC Capital
RPM upgraded to Outperform from Sector Perform at RBC Capital
03/26/20 RBC Capital
RPM upgraded to Outperform from Sector Perform at RBC Capital
03/23/20 BofA
BofA ups three, cuts two U.S. Chemicals stocks after COVID sensitivity analysis
03/23/20 BofA
RPM downgraded to Neutral from Buy at BofA
Upgrade
RPM upgraded to Outperform from Sector Perform at RBC Capital » 06:21
03/26/20
03/26
06:21
03/26/20
06:21
RPM

RPM

$57.49 /

+3.72 (+6.92%)

RBC Capital analyst Arun…

RBC Capital analyst Arun Viswanathan upgraded RPM to Outperform from Sector Perform with a lower price target of $74, down from $77. The analyst sees an attractive risk-reward offered by the stock over the next 6-18 months, driven by an uptick in DIY projects, continued margin improvement thanks to moderating raw material costs, and global supply chain operations remaining strong.

ShowHide Related Items >><<
RPM RPM
$57.49 /

+3.72 (+6.92%)

03/26/20 RBC Capital
RPM upgraded to Outperform from Sector Perform at RBC Capital
03/23/20 BofA
BofA ups three, cuts two U.S. Chemicals stocks after COVID sensitivity analysis
03/23/20 BofA
RPM downgraded to Neutral from Buy at BofA
03/04/20 Seaport Global
RPM upgraded to Buy on confidence in growth at Seaport Global
Upgrade
RPM upgraded to Outperform from Sector Perform at RBC Capital » 05:56
03/26/20
03/26
05:56
03/26/20
05:56
RPM

RPM

$57.49 /

+3.72 (+6.92%)

RBC Capital analyst Arun…

RBC Capital analyst Arun Viswanathan upgraded RPM to Outperform from Sector Perform with a price target of $74, down from $77.

ShowHide Related Items >><<
RPM RPM
$57.49 /

+3.72 (+6.92%)

03/23/20 BofA
BofA ups three, cuts two U.S. Chemicals stocks after COVID sensitivity analysis
03/23/20 BofA
RPM downgraded to Neutral from Buy at BofA
03/04/20 Seaport Global
RPM upgraded to Buy on confidence in growth at Seaport Global
03/04/20 Seaport Global
RPM upgraded to Buy from Neutral at Seaport Global
Recommendations
BofA ups three, cuts two U.S. Chemicals stocks after COVID sensitivity analysis » 07:50
03/23/20
03/23
07:50
03/23/20
07:50
AXTA

Axalta Coating

$14.90 /

-1.685 (-10.16%)

, CE

Celanese

$64.78 /

+0.865 (+1.35%)

, PPG

PPG

$79.88 /

+3.44 (+4.50%)

, RPM

RPM

$49.26 /

-1.85 (-3.62%)

, WLK

Westlake Chemical

$33.98 /

-3.365 (-9.01%)

BofA analyst Steve Byrne…

BofA analyst Steve Byrne conducted earnings sensitivity analyses on all the U.S. Chemicals stocks he covers to assess potential vulnerabilities from COVID-19 disruption, after which he upgraded Axalta Coating (AXTA) and Celanese (CE) to Buy from Neutral, raised PPG (PPG) to Neutral from Underperform, downgraded RPM (RPM) to Neutral from Buy and cut Westlake Chemical (WLK) to Underperform from Neutral.

ShowHide Related Items >><<
AXTA Axalta Coating
$14.90 /

-1.685 (-10.16%)

03/23/20 BofA
Axalta Coating upgraded to Buy from Neutral at BofA
02/03/20 BMO Capital
Axalta Coating upgraded to Outperform from Market Perform at BMO Capital
01/29/20 JPMorgan
JPMorgan downgrades Ashland to Underweight on softening demand
10/25/19
Fly Intel: Top five analyst upgrades
CE Celanese
$64.78 /

+0.865 (+1.35%)

03/23/20 BofA
Celanese upgraded to Buy from Neutral at BofA
03/18/20 Scotiabank
Celanese initiated with an Outperform at Scotiabank
03/18/20 Wells Fargo
Celanese price target lowered to $90 from $135 at Wells Fargo
02/10/20 BMO Capital
Celanese price target lowered to $123 from $140 at BMO Capital
PPG PPG
$79.88 /

+3.44 (+4.50%)

03/23/20 BofA
PPG upgraded to Neutral from Underperform at BofA
01/22/20 BMO Capital
PPG price target lowered to $136 from $143 at BMO Capital
01/17/20 Baird
PPG guidance conservative, Baird elevates shares to Fresh Pick
11/18/19 Goldman Sachs
PPG downgraded to Buy from Conviction Buy at Goldman Sachs
RPM RPM
$49.26 /

-1.85 (-3.62%)

03/23/20 BofA
RPM downgraded to Neutral from Buy at BofA
03/04/20 Seaport Global
RPM upgraded to Buy on confidence in growth at Seaport Global
03/04/20 Seaport Global
RPM upgraded to Buy from Neutral at Seaport Global
10/15/19 Wells Fargo
RPM initiated with an Outperform at Wells Fargo
WLK Westlake Chemical
$33.98 /

-3.365 (-9.01%)

03/23/20 BofA
Westlake Chemical downgraded to Underperform from Neutral at BofA
03/19/20 Bernstein
Westlake Chemical downgraded to Market Perform from Outperform at Bernstein
03/18/20 Scotiabank
Westlake Chemical initiated with a Sector Perform at Scotiabank
03/02/20 BofA
Westlake Chemical upgraded to Neutral from Underperform at BofA

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.