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Stock Market & Financial Investment News

News Breaks
April 3, 2014
11:31 EDTSCHNSchnitzer Steel expects demand for steel in emerging markets to continue
Says Asia to remain key driver of infrastructure spending, with China the highest contributor. Says productivity initiatives tracking well, and has increased targeted savings to $40M from $30M. Says to date, has achieved $10M in 1H14 savings and expects 70% of overall savings to be met in FY14, with the balance achieved in FY15. Says FY14 CapEx should be about 50% lower than FY13 levels. Comments from slides presentation on Q2 results.
News For SCHN From The Last 14 Days
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May 18, 2015
10:01 EDTSCHNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: A10 Networks (ATEN) upgraded to Overweight from Sector Weight at Pacific Crest... Cal-Maine Foods (CALM) upgraded to Overweight from Equal Weight at Stephens... ChemoCentryx (CCXI) upgraded to Overweight from Neutral at JPMorgan... Cheniere Energy Partners LP (CQP) upgraded to Buy from Neutral at Goldman... Chicago Bridge & Iron (CBI) upgraded to Neutral from Sell at Goldman... Continental Resources (CLR) upgraded to Buy from Neutral at Goldman... Ctrip.com (CTRP) upgraded to Overweight from Neutral at JPMorgan... Emerge Energy (EMES) upgraded to Buy from Neutral at Goldman... FEMSA (FMX) upgraded to Overweight from Equal Weight at Morgan Stanley... GoPro (GPRO) upgraded to Perform from Underperform at Oppenheimer... Holly Energy (HEP) upgraded to Buy from Neutral at Goldman... JP Energy (JPEP) upgraded on better visibility on volumes at RBC Capital... Laredo Petroleum (LPI) upgraded to Neutral from Sell at Goldman... Malvern Bancorp (MLVF) upgraded to Outperform from Market Perform at Keefe Bruyette... Newfield Exploration (NFX) upgraded to Buy from Neutral at Goldman... Norsk Hydro (NHYDY) upgraded to Overweight from Neutral at JPMorgan... Owens-Illinois (OI) upgraded to Neutral from Underperform at BofA/Merrill... Penn National (PENN) upgraded to Buy from Neutral at Goldman... Roche (RHHBY) upgraded to Buy from Neutral at UBS... Schnitzer Steel (SCHN) upgraded on stabilizing headwinds at KeyBanc... Seventy Seven Energy (SSE) upgraded to Buy from Hold at Jefferies... Toll Brothers (TOL) upgraded to Neutral from Underperform at Sterne Agee CRT... United Therapeutics (UTHR) upgraded to Buy from Neutral at BTIG... Volvo (VOLVY) upgraded to Neutral from Underweight at JPMorgan... Zayo Group (ZAYO) upgraded to Buy from Neutral at Goldman.
08:07 EDTSCHNSchnitzer Steel upgraded on stabilizing headwinds at KeyBanc
As previously reported, KeyBanc upgraded Schnitzer Steel to Overweight from Sector Weight with a $25 price target. The firm upgraded shares to reflect ongoing structural improvements to the domestic metal recycling industry and Schnitzer's own restructuring efforts, combined with valuation.
06:15 EDTSCHNSchnitzer Steel upgraded to Overweight from Sector Weight at KeyBanc
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