Luke Folta

In a report published Tuesday, Jefferies analyst Luke Folta hypothesized that it is "unlikely" that KBR, Inc. (NYSE: KBR) will generate sufficient awards required to maintain its backlogs in 2015 and 2016. "Backlog stability through year end 2015 seems unlikely with LNG/O&G prospects pushing...

Following AK Steel Holding Corporation's (NYSE: AKS) fourth-quarter report on Tuesday, Luke Folta of Jefferies on Wednesday suggested potential upside and downside scenarios for the company. Folta notes that AK Steel is among the highest steel-related company that is levered to weakening...

Jefferies upgraded Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) from Underperform to Hold and maintained a $20 price target. Analyst Luke Folta noted that “while declining scrap prices will likely remain a headwind throughout 2015, we believe margins in its core MRB and APB business...

Jacobs Engineering Group Inc (NYSE: JEC) will see solid demand in 2015 from its energy and chemicals segment customers, while benefits of a recent restructuring kick in, an analyst said Wednesday. Sterne Agee's Michael S. Dudas maintained a Buy rating and $72 target on company after it beat...

In a report published Monday, Jefferies analyst Luke Folta reiterated a Hold rating on Worthington Industries, Inc. (NYSE: WOR), and raised the price target from $39.00 to $41.00. In the report, Jefferies noted, “Per our analysis, we see N.A. capacity consolidation and tighter global scrap supply...

In a report published Monday, Jefferies analyst Luke Folta reiterated a Hold rating on United States Steel Corporation (NYSE: X), and raised the price target from $35.00 to $48.00. In the report, Jefferies noted, “Per our analysis, we see N.A. capacity consolidation and tighter global scrap supply...

In a report published Monday, Jefferies analyst Luke Folta reiterated a Buy rating on Steel Dynamics, Inc. (NASDAQ: STLD), and raised the price target from $25.00 to $29.00. In the report, Jefferies noted, “Per our analysis, we see N.A. capacity consolidation and tighter global scrap supply...

In a report published Monday, Jefferies analyst Luke Folta reiterated a Hold rating on Reliance Steel & Aluminum (NYSE: RS), and raised the price target from $76.00 to $79.00. In the report, Jefferies noted, “Per our analysis, we see N.A. capacity consolidation and tighter global scrap supply...

In a report published Monday, Jefferies analyst Luke Folta reiterated a Buy rating on Nucor Corporation (NYSE: NUE), and raised the price target from $58.00 to $66.00. In the report, Jefferies noted, “Per our analysis, we see N.A. capacity consolidation and tighter global scrap supply supporting...

In a report published Monday, Jefferies analyst Luke Folta reiterated a Hold rating on AK Steel Holding Corporation (NYSE: AKS), and raised the price target from $9.00 to $10.00. In the report, Jefferies noted, “Per our analysis, we see N.A. capacity consolidation and tighter global scrap supply...

In a report published Wednesday, Jefferies analyst Luke Folta reiterated a Hold rating on Layne Christensen Company (NASDAQ: LAYN), but lowered the price target from $14.50 to $12.00. In the report, Jefferies noted, “Post another challenging qtr., we lowered est. ('16 EBITDA -24% to $60M) and our...

In a research note released Monday, Jefferies analyst Luke Folta increased his price target on AK Steel (NYSE: AKS) from $6.50 to $7.00 and rated the company a Hold. Additionally, he decreased the price target on Nucor (NYSE: NUE) from $59 to $58 and is rated a Buy. The changes were primarily...

In a report published Monday, Jefferies analyst Luke Folta downgraded the rating on Schnitzer Steel Industries (NASDAQ: SCHN) from Hold to Underperform, but reiterated the $25.00 price target. In the report, Jefferies noted, “We see the recent expansion in valuations for SCHN unsupported by...