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Recommendations
Venator Materials price target lowered to $1.40 from $2.30 at Citi » 06:26
04/08/20
04/08
06:26
04/08/20
06:26
VNTR

Venator Materials

$1.29 /

-0.2 (-13.42%)

Citi analyst P.J. Juvekar…

Citi analyst P.J. Juvekar lowered the firm's price target on Venator Materials to $1.40 from $2.30 and keeps a Neutral rating on the shares. The analyst reduced the company's estimates through fiscal 2020 to reflect lower TiO2 and Performance Additives earnings. He models TiO2 earnings down 40% year-over-year in 2020 on lower pigment demand and higher raw material costs.

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Over a week ago
Downgrade
Venator Materials downgraded to Neutral from Buy at Goldman Sachs » 05:55
03/30/20
03/30
05:55
03/30/20
05:55
VNTR

Venator Materials

$1.85 /

-0.22 (-10.63%)

Goldman Sachs analyst…

Goldman Sachs analyst Robert Koort downgraded Venator Materials to Neutral from Buy with a $2 price target. The current macro pressures will limit the upside for Venator shares in the near-term, Koort tells investors in a research note. Further, after screening the sector, the analyst sees the most acute balance sheet risk for Venator with net debt/EBITDA approaching five times in 2020.

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Jefferies downgrades 10 'lower conviction' Chemicals stocks to Hold » 09:15
03/23/20
03/23
09:15
03/23/20
09:15
ASH

Ashland

$42.59 /

-2.94 (-6.46%)

, AXTA

Axalta Coating

$14.90 /

-1.685 (-10.16%)

, CC

Chemours

$9.16 /

-1.04 (-10.20%)

, CLXT

Calyxt

$3.36 /

+0.14 (+4.35%)

, DCI

Donaldson

$35.70 /

-2.52 (-6.59%)

, GCP

GCP Applied Technologies

$18.24 /

+0.045 (+0.25%)

, GPRE

Green Plains

$4.58 /

+0.11 (+2.46%)

, GRA

W.R. Grace

$31.96 /

+0.46 (+1.46%)

, VNTR

Venator Materials

$1.91 /

-0.155 (-7.51%)

, VVV

Valvoline

$10.73 /

-0.23 (-2.10%)

Jefferies analyst…

Jefferies analyst Laurence Alexander said the second quarter "will likely be a wash-out" and the second half of the year could be as well depending on how credit issues ripple through the industrial chain. However, chemicals "typically rally hard and quickly" when things recover, noted the analyst, who downgraded his 10 "lowest conviction calls" to Hold in what he identified as a "macro" call on keeping higher ratings on stocks where either he sees the best chance to buy stuctural change at a discount or sees enough cyclical leverage to outperform on the first bounce. In that context, he cut all of the following stocks to Hold: Ashland (ASH), Axalta Coating (AXTA), Chemours (CC), Calyxt (CLXT), Donaldson (DCI), GCP Applied Technologies (GCP), Green Plains (GPRE), W.R. Grace (GRA), Venator Materials (VNTR) and Valvoline (VVV).

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Downgrade
Venator Materials downgraded to Hold from Buy at Jefferies » 09:08
03/23/20
03/23
09:08
03/23/20
09:08
VNTR

Venator Materials

$1.91 /

-0.155 (-7.51%)

Jefferies analyst…

Jefferies analyst Laurence Alexander downgraded Venator Materials to Hold from Buy.

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Downgrade
Fly Intel: Top five analyst downgrades » 10:10
03/13/20
03/13
10:10
03/13/20
10:10
JBLU

JetBlue

$11.44 /

-0.055 (-0.48%)

, UAL

United Airlines

$38.13 /

+1 (+2.69%)

, CPB

Campbell Soup

$46.51 /

-1.25 (-2.62%)

, EFX

Equifax

$138.44 /

+2.8 (+2.06%)

, TRU

TransUnion

$73.72 /

+1.1 (+1.51%)

, VNTR

Venator Materials

$1.94 /

+0.12 (+6.59%)

, CERC

Cerecor

$1.96 /

-0.13 (-6.22%)

Catch up on today's…

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. JetBlue (JBLU) and United Airlines (UAL) downgraded to Neutral from Buy at UBS. 2. Campbell Soup (CPB) downgraded to Sell from Neutral at Goldman Sachs with analyst Jason English saying he believes that the stock has been "excessively rewarded" for a transitory food at home consumption spike and the temporary disruption of one of its private label competitors, but he expects these "transitory" benefits to become growth headwinds next year. 3. Equifax (EFX) and TransUnion (TRU) downgraded to Neutral from Outperform at Baird. 4. Venator Materials (VNTR) downgraded to Underperform from Buy at BofA. 5. Cerecor (CERC) downgraded to Hold from Buy at Maxim with analyst Jason McCarthy saying the company's completed Aevi acquisition is a positive in bringing several potentially high-value assets, its cash balance is getting low and the transition does not come without risk. 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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On The Fly
Fly Intel: Apple upgrade, drillers downgrades among top Wall Street calls » 09:45
03/13/20
03/13
09:45
03/13/20
09:45
AAPL

Apple

$265.16 /

+16.91 (+6.81%)

, CTVA

Corteva

$23.80 /

+1.47 (+6.58%)

, FMC

FMC Corporation

$77.57 /

+ (+0.00%)

, LIN

Linde plc

$173.54 /

+15.42 (+9.75%)

, SHW

Sherwin-Williams

$483.70 /

+ (+0.00%)

, MOS

Mosaic

$9.71 /

+ (+0.00%)

, VNTR

Venator Materials

$1.82 /

+ (+0.00%)

, RIG

Transocean

$1.62 /

+0.29 (+21.80%)

, TTI

Tetra Technologies

$0.38 /

+0.0151 (+4.14%)

, DO

Diamond Offshore

$1.42 /

+ (+0.00%)

, NE

Noble Corp.

$0.25 /

+ (+0.00%)

, VAL

Valaris

$0.64 /

+ (+0.00%)

, NINE

Nine Energy Service

$1.07 /

+0.025 (+2.39%)

, NCSM

NCS Multistage

$0.82 /

+ (+0.00%)

, APY

Apergy

$6.65 /

+ (+0.00%)

, BKR

Baker Hughes

$10.71 /

+ (+0.00%)

, FTSI

FTS International

$0.24 /

+ (+0.00%)

, HP

Helmerich & Payne

$16.75 /

+0.82 (+5.15%)

, HFC

HollyFrontier

$21.35 /

+1.89 (+9.71%)

, LBRT

Liberty Oilfield Services

$2.86 /

+ (+0.00%)

, NOV

National Oilwell

$8.70 /

+ (+0.00%)

, OII

Oceaneering

$3.15 /

+ (+0.00%)

, OIS

Oil States

$2.53 /

+0.095 (+3.90%)

, PTEN

Patterson-UTI

$2.11 /

+ (+0.00%)

, PUMP

ProPetro Holding

$4.01 /

+0.015 (+0.38%)

, RNGR

Ranger Energy

$4.29 /

+ (+0.00%)

, SLB

Schlumberger

$15.79 /

+1.37 (+9.50%)

, CCL

Carnival

$18.40 /

+3.425 (+22.87%)

, RCL

Royal Caribbean

$37.16 /

+6.64 (+21.76%)

, NCLH

Norwegian Cruise Line

$13.45 /

+3.76 (+38.80%)

Check out today's top…

Open Full Text

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Recommendations
BofA upgrades three and downgrades three in Chemicals rating shake-up » 08:00
03/13/20
03/13
08:00
03/13/20
08:00
CTVA

Corteva

$22.33 /

-2.67 (-10.68%)

, FMC

FMC Corporation

$77.57 /

-5.92 (-7.09%)

, LIN

Linde plc

$158.12 /

-15.85 (-9.11%)

, SHW

Sherwin-Williams

$483.70 /

-36.145 (-6.95%)

, MOS

Mosaic

$9.71 /

-1.755 (-15.31%)

, VNTR

Venator Materials

$1.82 /

-0.25 (-12.08%)

BofA analyst Steve Byrne…

BofA analyst Steve Byrne noted that recession and coronavirus risks have been magnified for some U.S. Chemicals names by the falling price of crude as lower crude translates to a flatter global cost curve and diminishing advantage of the low-cost U.S. position. Against this backdrop, he cut his estimates and price targets across the board in the sector and made three upgrades and three downgrades. As global consumers increasingly head toward social-isolation, Byrne sees consumer facing markets, such as coatings, being at risk, but he doesn't think this will translate in the same magnitude to the agriculture and industrial gas businesses. In that context, he has upgraded Corteva (CTVA) and FMC Corporation (FMC) to Buy from Neutral and double upgraded Linde (LIN) to Buy from Underperform. Given that Sherwin-Williams' (SHW) valuation has a strong correlation to same-store sales growth, which he sees decelerating after Q1, Byrne double downgraded Sherwin-Williams to Underperform from Buy. He also downgraded Mosaic (MOS) to Neutral from Buy, as he sees risks to potash markets and challenged cash flow. Additionally, Byrne double downgraded Venator Materials (VNTR) to Underperform from Buy, telling investors he views Venator as among the most exposed to the ongoing outbreak of the coronavirus given his estimate that 80% of the company's production footprint is within Europe.

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Downgrade
Venator Materials downgraded to Underperform from Buy at BofA » 07:48
03/13/20
03/13
07:48
03/13/20
07:48
VNTR

Venator Materials

$1.82 /

-0.25 (-12.08%)

BofA analyst Steve Byrne…

BofA analyst Steve Byrne downgraded Venator Materials to Underperform from Buy.

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Over a month ago
Earnings
Venator Materials reports Q4 adj. EPS (9c), consensus (11c) » 06:02
02/21/20
02/21
06:02
02/21/20
06:02
VNTR

Venator Materials

$3.40 /

+0.08 (+2.41%)

Reports Q4 revenue $464M,…

Reports Q4 revenue $464M, consensus $464.05M. Simon Turner, President and CEO of Venator, commented: "In 2019 we accelerated our Business Improvement Program and delivered $20 million of adjusted EBITDA benefits, double our original target. In addition, we advanced our customer-tailored approach to reduce our overall TiO2 price volatility. We expect a challenging macroeconomic environment in 2020. We are committed to further improving our cost competitiveness and have made considerable progress on our transfer of specialty and differentiated TiO2 products, strengthening our leadership position in these high value applications. We continue to take meaningful steps to reduce our cash uses and improve free cash flow."

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Hot Stocks
Venator Materials rises 9.1% » 12:00
01/13/20
01/13
12:00
01/13/20
12:00
VNTR

Venator Materials

$3.55 /

+0.32 (+9.91%)

Venator Materials is up…

Venator Materials is up 9.1%, or 29c to $3.54.

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