Fly News Breaks for March 3, 2015
YUM, X, VIVHY, TIF, BID, RDS.A, PCYC, PVH, OPK, MU, MDAS, MVNR, MNKD, LPI, LTC, KBR, HTGC, HLX, FSL, FITB, CERN, BP, ARUN, AXP, AKS
Mar 3, 2015 | 10:01 EDT
Today's noteworthy downgrades include: AK Steel (AKS) downgraded to Neutral from Buy at Nomura... American Express (AXP) downgraded to Underperform from Neutral at Macquarie... Aruba Networks (ARUN) downgraded to Hold from Buy at Needham... BP (BP) downgraded to Hold from Accumulate at Tudor Pickering... Cerner (CERN) downgraded to Hold from Buy at Topeka... Fifth Third (FITB) downgraded to Market Perform from Outperform at Keefe Bruyette... Freescale (FSL) downgraded to Neutral from Overweight at Piper Jaffray ... Helix Energy (HLX) downgraded to Equal Weight from Overweight at Stephens... Hercules Technology (HTGC) downgraded to Market Perform at Keefe Bruyette... KBR (KBR) downgraded to Hold from Buy at Jefferies... LTC Properties (LTC) downgraded to Neutral from Buy at Mizuho... Laredo Petroleum (LPI) downgraded to Hold from Buy at KLR Group... MannKind (MNKD) downgraded to Sell from Neutral at Goldman... Mavenir Systems (MVNR) downgraded to Hold from Buy at Deutsche Bank... MedAssets (MDAS) downgraded to Underperform from Neutral at BofA/Merrill... Micron (MU) downgraded at Nomura... OPKO Health (OPK) downgraded to Perform from Outperform at Oppenheimer... PVH Corp. (PVH) downgraded to Neutral from Conviction Buy at Goldman... Pharmacyclics (PCYC) downgraded at Wedbush... Royal Dutch Shell (RDS.A) downgraded to Hold from Buy at Tudor Pickering... Sotheby's (BID) downgraded at Craig-Hallum... Tiffany (TIF) downgraded to Outperform from Buy at CLSA... U.S. Steel (X) downgraded to Neutral from Buy at Nomura... Vivendi (VIVHY) downgraded to Underperform from Hold at Jefferies... Yum! Brands (YUM) downgraded to Neutral from Outperform at RW Baird.
News For A;BID;TIF;VIVHY;X;YUM From the Last 2 Days
X
Apr 23, 2024 | 08:43 EDT
Says will continue to buy back stock "hand over fist." Says Cleveland-Cliffs (CLF) "the only U.S. solution" for U.S. Steel (X). Says will have to "re-assess value" of U.S. Steel. Says targeting net debt to EBITDA of 2.5x. Says balance sheet in "great shape, near record liquidity." Sees CapEx ~$1B/year from 2025-2028. Comments taken from Q1 earnings conference call.
YUM
Apr 23, 2024 | 05:57 EDT
Citi lowered the firm's price target on Yum! Brands to $162 from $166 and keeps a Buy rating on the shares ahead of the Q1 report. The analyst expects Yum continues to voice confidence in 5% unit growth, and its digital initiatives are growing sales for franchisees. The firm views the company's near-term outlook as "shakier" than the long-term.
