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Fly News Breaks for August 16, 2019
BHP, HXL, TPR, WLL, BEST
Aug 16, 2019 | 10:04 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. BHP Group (BHP) downgraded to Underperform from Neutral at BofA/Merrill with analyst Jason Fairclough saying the Chinese economy is likely to get worse before getting better. 2. Hexcel (HXL) downgraded to Sell from Neutral at Goldman Sachs with analyst Noah Poponak saying after re-rating year-to-date, the shares are the high-end of the historical valuation range. 3. Tapestry (TPR) downgraded to Perform from Outperform at Oppenheimer, to Neutral from Buy at MKM Partners, to Neutral from Conviction Buy at Goldman Sachs, to Neutral from Overweight at Piper Jaffray, and to Neutral from Outperform at Credit Suisse. 4. Whiting Petroleum (WLL) downgraded to Market Perform from Outperform at Wells Fargo with analyst Gordon Douthat saying the company's free cash generation potential is highly sensitive to oil price levels. 5. Best Inc (BEST) downgraded to Sector Weight from Overweight at KeyBanc with analyst Hans Chung citing the company's Q2 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.
News For BHP;HXL;TPR;WLL;BEST From the Last 2 Days
WLL
Sep 16, 2019 | 16:14 EDT
Stocks were lower, and oil prices higher, from the outset of trading following a drone attack on Saudi oil facilities on Saturday that knocked out more than 5% of global oil supply and shelved half of Saudi Arabia's daily export capacity. President Trump warned... To see the rest of the story go to thefly.com. See Story Here
WLL
Sep 16, 2019 | 12:08 EDT
Stocks are lower and oil prices have jumped following a drone attack on Saudi oil facilities on Saturday that knocked out more than 5% of global oil supply and halted output of more than half of Saudi Arabia's daily exports. President Trump has... To see the rest of the story go to thefly.com. See Story Here
WLL
Sep 16, 2019 | 11:37 EDT
Check out today's top analyst calls from around Wall Street, compiled by The Fly. HSBC UPGRADES UBER,... To see the rest of the story go to thefly.com. See Story Here
WLL
Sep 16, 2019 | 10:40 EDT
Following an attack on Saudi oil facilities over the weekend, KeyBanc analyst Leo Mariani upgraded Whiting Petroleum (WLL), SM Energy (SM), Jagged Peak Energy (JAG) and Centennial Resource (CDEV) to Overweight given the companies' exposure to higher oil prices. Meanwhile, Suntrust also... To see the rest of the story go to thefly.com. See Story Here
TPR
Sep 15, 2019 | 19:46 EDT
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. The United Auto Workers union plans to strike against General Motors (GM) following the two sides not reaching a tentative deal before a Saturday night deadline, CNBC's Michael Wayland reported. The last time the union declared a strike at GM was in 2007, the author noted. Meanwhile, President Donald Trump said via Twitter that, "Here we go again General Motors and the United Auto Workers. Get together and make a deal!" 2. An attack on Saudi oil facilities on Saturday is believed to have disrupted half the country's production capacity, making the U.S. the only real holder of the global supply cushion via its ability to raise own output or to soften sanctions against other major oil producers, according to Reuters. Industry sources have said Saudi Arabia will be able to restore supply within days, the publication added. 3. Amerco (UHAL), owner of U-Haul, is one of the "better-kept secrets" in the stock market as it has virtually no analyst coverage, communicates little with investors, and is run like a private business by controlling Shoen family, Andrew Bary wrote in this week's edition of Barron's. Trading at $380, the shares look appealing after having been stuck in a range of $325-$400 for most of the past four years, the author noted. 4. AT&T (T) subsidiary Warner Bros.' "It: Chapter Two" stayed at top the domestic box office, earning another $40.8M. Overseas, the movie also came in at number one with another $47M from 78 markets for a foreign tally of $169.5M and $323.3M globally. The sequel received a B+ CinemaScore and 67% on Rotten Tomatoes. 5. Tapestry (TPR), Bank of America (BAC) saw positive mentions in this week's edition of Barron's.