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Catalysts On The Horizon For Metals & Mining Group; Deutsche Bank Upgrades, US Steel, AK Steel To Buy
Friday, June 23, 2017 - 11:10am | 540After a rough start to 2017, steel investors may have a better go of it in the second half of the year. Deutsche Bank analyst Jorge Beristain has upgraded a handful of steel and aluminum stocks and is now constructive on steel prices following a sluggish second quarter. U.S. hot-rolled coil prices...
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A Timeline Of Arconic's Rancorous Battle With Elliott Management
Tuesday, May 23, 2017 - 2:25pm | 425A proxy battle between Arconic Inc (NYSE: ARNC) and Elliott Management, an activist investor and major shareholder, ended on Monday. As part of an agreement between the two entities, Elliott will nominate three cirectors and Arconic will elect two members on May 25. Deutsche Bank's Jorge...
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Alcoa Upgraded As Commodities Gain Momentum
Wednesday, January 25, 2017 - 9:14am | 344Alcoa Corp (NYSE: AA) has reported beat results for Q4:16, with the revenue and EBITDA ahead of expectations. Deutsche Bank’s Jorge Beristain upgraded the rating on the company from Sell to Hold, with a price target of $30. Q4 Results Alcoa reported headline loss of $125 million, which...
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Deutsche Bank Says Sell Alcoa
Thursday, December 1, 2016 - 12:24pm | 375Deutsche Bank has launched coverage of Alcoa Corporation (NYSE: AA) with a Sell rating and $26 price target, citing downside risk from China aluminum chain oversupply. The Split Alcoa officially split into two entities on November 1, with the low-margin raw aluminum operations being separated from...
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Silver Wheaton Shares Initiated At Buy By Deutsche Bank
Friday, September 9, 2016 - 9:21am | 349Deutsche Bank analysts Jorge Beristain and Chris Terry initiated coverage on Silver Wheaton Corp. (USA) (NYSE: SLW) shares with a Buy rating. The analysts have a target price of $37 on the company's shares for the 12-month period. The brokerage believes the company is sitting with a strong cash...
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Deutsche Bank Upgrades Franco-Nevada, Cites Its Proven Low Cost Of Equity
Friday, September 9, 2016 - 8:18am | 385Royalty or streaming companies are sensitive to interest rates, which would likely remain “lower-for-longer globally,” Deutsche Bank's Jorge Beristain said in a report. He upgraded the rating on Franco Nevada Corp (NYSE: FNV) to Hold, while raising the price target from $62 to $74...
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Are Freeport-McMoRan's Asset Sales Helping Or Hurting Things?
Friday, April 8, 2016 - 9:30am | 317After shelving the O&G IPO, Freeport-McMoRan Inc (NYSE: FCX) announced its plans of accelerated debt reduction, during its 4Q15 call. Deutsche Bank’s Jorge Beristain maintained a Hold rating for the company, with a price target of $10. Freeport is targeting $5-$10bn in asset sales,...
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Be Warned Metals Investors: Deutsche Bank Just Moved To The Sidelines
Wednesday, March 23, 2016 - 11:34am | 1169Deutsche Bank’s Jorge Beristain mentioned that although commodity prices had rallied year-to-date, supply cuts are required across most commodities, while companies need to focus on reducing debt levels. The commodity price rally year-to-date has been driven by incrementally positive data...
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Sell Goldcorp, Deutsche Bank Says
Friday, February 26, 2016 - 11:03am | 191Deutsche Bank's Jorge Beristain downgraded the rating for Goldcorp Inc. (USA) (NYSE: GG) from Hold to Sell, while reducing the price target from $15 to $13.50. Goldcorp reported 4Q15 adjusted diluted EPS of $0.01 and a headline loss of $5.14 per share, which was impacted by a $3.9 billion after-tax...
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Deutsche Bank Is Buying Alcoa The Day After Earnings
Tuesday, January 12, 2016 - 11:25am | 266The share price of Alcoa Inc (NYSE: AA) has declined almost 51 percent over the past year, falling almost to the 52-week low on November 12 at $7.82. Deutsche Bank's Jorge Beristain has maintained a Buy rating on the company, while lowering the price target from $14 to $13. Although...
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Deutsche Bank Downgrades Miners En Masse And Investors Are Running
Thursday, December 17, 2015 - 10:53am | 600Shares of most companies in the metals and mining segment have been under pressure in 2015. Deutsche Bank's Jorge Beristain downgraded the ratings on several metals and mining stocks. Beristain noted that the balance sheets in this segment had reached distressed levels. Analyst...
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Why Deutsche Bank Is Selling Consol Energy
Tuesday, November 3, 2015 - 11:54am | 291The share price of CONSOL Energy Inc. (NYSE: CNX) has declined 77.334 percent year-to-date, touching a low of $6.66 on October 30. Deutsche Bank’s Jorge Beristain has downgraded the rating on the company from Hold to Sell, while lowering the price target from $13 to $6. Beristain...
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Time To Sell Teck, Deutsche Bank Says
Friday, October 23, 2015 - 8:13am | 331Teck Resources Ltd (USA) (NYSE: TCK) shares have been volatile over the last three months, and are down 16 percent since July 23. Deutsche Bank’s Jorge Beristain downgraded the rating on the company from Hold to Sell, while maintaining the price target at $5. The company’s...
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Deutsche Bank Downgrades Allegheny Technologies, Outlook Now In Question
Wednesday, October 21, 2015 - 4:00pm | 300Just a few weeks ago, Deutsche Bank upgraded its rating on Allegheny Technologies Incorporated (NYSE: ATI) from Hold to Buy, while reducing the price target from $27 to $20. However, on Tuesday, the firm downgraded the stock back to Hold, and trimmed its price target to $15. The analysts...
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Deutsche Bank Upgrades Allegheny Tech, Nucor, Cuts AK Steel, Century Aluminum Ahead Of Q3 Results
Monday, October 5, 2015 - 11:54am | 468Metals shares have broadly plummeted, with several major stocks down more than 50 percent year-to-date. Deutsche Bank’s Jorge Beristain upgraded the ratings on Allegheny Technologies Incorporated (NYSE: ATI) and Nucor Corporation (NYSE: NUE), while downgrading AK Steel Holding...