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Wall Street Bearish On US Steel Following Big River Deal
Wednesday, October 2, 2019 - 11:55am | 525Read More...United States Steel Corporation (NYSE: X) shares are down more than 8% on Wednesday after the company announced Tuesday a $700 million investment in a 49.9% ownership stake of Big River Steel. U.S. Steel said Big River Steel has commenced a construction project that will raise Big River’s...
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BMO Sees Limited Near-Term Upside For Steel Dynamics
Friday, September 6, 2019 - 1:16pm | 285Read More...While Steel Dynamics, Inc. (NASDAQ: STLD) has good long-term prospects, there are limited company-specific catalysts that could lend meaningful upside to shares in the near term, according to BMO Capital Markets. The Analyst BMO’s David Gagliano downgraded Steel Dynamics from Outperform to...
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BMO Upgrades Arch Coal On These Positive Catalysts
Friday, September 6, 2019 - 1:06pm | 336Read More...Shares of Arch Coal Inc (NYSE: ARCH) responded to the nearly 30% decline in met coal pricing since May. The upcoming positive catalysts could lend significant upside, even against the current weakness in global met coal pricing, according to BMO Capital Markets. The Analyst BMO’s David...
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US Steel Surges After Q1 Earnings Surprise
Friday, May 3, 2019 - 3:33pm | 421Read More...United States Steel Corporation (NYSE: X) stock was arc furnace hot on Friday, shooting up more than 17 percent after the company released strong first-quarter earnings that surprised the Street. The company reported earnings of 31 cents a share, far better than estimates of 17 cents that analysts...
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BMO Analyst Says GrafTech Is 'Turning Graphite Into Cash,' Will Benefit From Strong Industry Fundamentals
Tuesday, May 15, 2018 - 11:49am | 297Read More...GrafTech International Ltd (NYSE: EAF) is “turning graphite into cash,” according to BMO Capital Markets, thanks to strong underlying industry fundamentals and its unique vertical integration. The Analyst BMO’s David Gagliano initiated coverage of GrafTech with an Outperform...
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Century Aluminum Upgraded: BMO Analyst Says Tariffs Will Push Volumes, Premiums Higher
Monday, March 12, 2018 - 10:38am | 372Read More...The White House's steel and aluminum tariffs will lead to higher Midwest premiums for Century Aluminum Co (NASDAQ: CENX), according to BMO Capital Markets. The Analyst BMO analyst David Gagliano upgraded shares of Century Aluminum from Market Perform to Outperform and...
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Can A New CEO Put The Strength Back In US Steel?
Thursday, June 15, 2017 - 1:23pm | 439Read More...Looking ahead at a busy next two weeks for the U.S. steel industry (Section 232, inventory data, mid-quarter updates, WSD/AMM Steel Success Strategies conference), BMO Capital Markets analyst David Gagliano rated the United States Steel Corporation (NYSE: X) as Market Perform. Under new CEO David...
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4 Reasons BMO Upgraded The 'New' Alcoa
Friday, March 31, 2017 - 10:01am | 405Read More...Alcoa Corp (NYSE: AA)'s decision to merge its six different business units into three units to increase efficiency and slash cuts won over another Wall Street analyst. On Friday, BMO Capital Markets' David Gagliano upgraded Alcoa's stock from Market Perform to Outperform with a price...
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What The Sell Side Is Saying About Ramaco Resources
Wednesday, March 1, 2017 - 11:23am | 366Read More...Wall Street brokerages started coverage of Ramaco Resources Inc (NASDAQ: METC) on a bullish note, with both Credit Suisse and BMO Capital being Outperform rated on the stock. Ramaco, which began trading in early February, is a metallurgical coal producer. The company is transitioning from...
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Century Aluminum Shares Lower Following BMO Downgrade
Tuesday, February 23, 2016 - 9:51am | 204Read More...BMO Capital’s David Gagliano has downgraded the rating on Century Aluminum Co (NASDAQ: CENX) from Outperform to Market Perform, while maintaining a price target pf $6. Following the 40 percent rally in the stock over the two days since the company’s earnings release, Gagliano...
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Standpoint Upgrades Alcoa; Stock Rising
Friday, May 1, 2015 - 11:32am | 295Read More...Ronnie Moas at Standpoint Research upgraded Alcoa Inc (NYSE: AA) from Hold to Buy Friday and set an $18 price target. Moas’ price target was for a 2016-2017 time frame with the expectation of a 30 percent upside versus a 15 percent downside risk. Moas noted that Century Aluminum Co (...
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BMO Sees Challenging Times Ahead For Alcoa Due To Pricing Pressure
Thursday, April 9, 2015 - 10:25am | 199Read More...BMO Capital Markets issued a report on Alcoa Inc (NYSE: AA) calling the first quarter a good start for the company, but sees a challenging outlook ahead. BMO Capital Markets rates Alcoa as Market perform with a $15 price target. Analysts David Gagliano and Matt Cartoceti wrote, "Results...
