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Alcoa Makes 'Solid Progress' Addressing Operational Concerns, Analyst Is No Longer Bearish
Monday, April 22, 2024 - 11:49am | 311Read More...Alcoa Corp (NYSE:AA) reported last week its first-quarter results, with a slight revenue beat. The company is making continuous progress in its cost saving measures, while it is poised for additional IRA (Inflation Reduction Act) benefits, according to Morgan Stanley. The Alcoa Analyst: Carlos De...
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US Steel Transformation Will Lead To Major Value Creation, Says Bullish Analyst
Monday, October 2, 2023 - 12:30pm | 328Read More...United States Steel Corporation (NYSE: X) is reportedly involved in a dispute with Cleveland-Cliffs Inc. (NYSE: CLF) around a confidentiality agreement after receiving an offer to acquire the company. US Steel is undergoing a rapid transformation, expanding its EAF (Electric Arc Furnace)...
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Cleveland Cliffs Gets Upgraded: Why This Analyst Is Raising The Price Target Ahead Of Q4 Earnings
Thursday, January 12, 2023 - 12:50pm | 347Read More...Steel company Cleveland-Cliffs Inc (NYSE: CLF) has seen its shares rise over 30% in the last month. An analyst is upgrading shares with more upside ahead. The Cleveland Cliffs Analyst: Morgan Stanley analyst Carlos De Alba upgrades Cleveland Cliffs from Equal Weight to Overweight and raises the...
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Southern Copper Will Outperform Freeport-McMoRan, Boost Shareholder Value: Analyst
Tuesday, November 8, 2022 - 11:49am | 244Read More...Shares of Southern Copper Corp (NYSE: SCCO) have lost almost 14% year to date. Despite being a smaller company, the Phoenix-based mining company is poised to return more cash to shareholders than Freeport-McMoRan Inc (NYSE: FCX), according to Morgan Stanley. The Analyst: Carlos De Alba upgraded the...
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Why This Alcoa Analyst Is Turning Bullish In Uncertain Macro Environment
Friday, September 16, 2022 - 2:25pm | 250Read More...Alcoa Corp (NYSE: AA) is poised to generate significant free cash flows in the coming years, given the constructive outlook for aluminum, according to Morgan Stanley. The Alcoa Analyst: Carlos De Alba upgrade the rating for Alcoa from Equal-Weight to Overweight and raised the price target from...
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Why Morgan Stanley Is Bullish On US Steel
Tuesday, May 11, 2021 - 12:35pm | 258Read More...United States Steel Corporation (NYSE: X) is poised for significant cash flow generation, given the near-term strength in steel prices, according to Morgan Stanley. The U.S. Steel Analyst: Carlos De Alba upgraded the rating for U.S. Steel to Overweight, while revising the price target to $32. The U...
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Alcoa Stock Gains 10% After Morgan Stanley Turns Bullish
Wednesday, March 24, 2021 - 12:24pm | 297Read More...The bullish case for Alcoa Corp (NYSE: AA) is based on expectations for the metals company to take full advantage of a "constructive outlook" for aluminum, according to Morgan Stanley. The Alcoa Analyst: Carlos De Alba upgraded Alcoa from Equal Weight to Overweight with a price...
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Morgan Stanley Upgrades Vale To Equal-weight, Says Asset Sale Would Squash Balance Sheet Concerns
Tuesday, August 9, 2016 - 9:08am | 294Read More...Balance sheet concerns surrounding Vale SA (ADR) (NYSE: VALE) may be alleviated by future iron-ore production and the potential sale of the company’s fertilizer business, Morgan Stanley’s Carlos De Alba said in a report. He upgraded the rating on Vale to Equal-weight, while raising...
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Fibria Celulose Downgraded At Morgan Stanley On Brazilian Currency Concerns
Tuesday, July 26, 2016 - 9:28am | 315Read More...Morgan Stanley has downgraded Fibria Celulose SA (ADR) (NYSE: FBR) to Equal Weight on strong Brazilian real headwinds and deteriorating balance sheet. The currency headwinds are unlikely to reverse soon for Fibria, a Brazil-based pulp and paper producer. The brokerage recently revised its BRL...
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Ternium Is Up 50% In 2016, Leading Morgan Stanley To Pump The Brakes
Monday, May 9, 2016 - 10:39am | 258Read More...Ternium SA (ADR) (NYSE: TX) shares are up 50 percent year-to-date and have [in USD] outperformed the Mexican market by 49 percentage points, Latam MSCI by 33 percentage points and Mexican steel peers by 16 percentage points. Morgan Stanley’s Carlos De Alba downgraded the rating for the...
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Morgan Stanley Sees Good Things From Vale SA Investor Day
Wednesday, December 3, 2014 - 11:24am | 92Read More...In a report published Wednesday, Morgan Stanley analyst Carlos De Alba reiterated an Equal-Weight rating and $14.70 price target on Vale SA (NYSE: VALE). In the report, Morgan Stanley noted, “At its Investor Day Vale presented its strategy to address the tight cash from ops and still high capex in...
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UPDATE: Morgan Stanley Reiterates On Compania de Minas Buenaventura SAA On Mixed 2Q14 Production Numbers
Monday, July 14, 2014 - 11:06am | 99Read More...In a report published Monday, Morgan Stanley analyst Carlos De Alba reiterated an Overweight rating on Compania de Minas Buenaventura SAA (NYSE: BVN), but removed the $15.30 price target. In the report, Morgan Stanley noted, “Buenaventura reported 2Q14 output figures and updated its 2014 guidance....
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UPDATE: Morgan Stanley Reiterates On Ternium SA On New Iron Ore Price Scenario
Thursday, July 3, 2014 - 7:55am | 93Read More...In a report published Thursday, Morgan Stanley analyst Carlos De Alba reiterated an Equal-Weight rating on Ternium SA (NYSE: TX), but lowered the price target from $30.20 to $29.90. In the report, Morgan Stanley noted, “We are adjusting Ternium's model on the back of our commodities team's lower IO...
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UPDATE: Morgan Stanley Reiterates On Vale SA On Spot Iron Ore Sales
Monday, June 30, 2014 - 9:00am | 120Read More...In a report published Monday, Morgan Stanley analyst Carlos De Alba reiterated an Equal-Weight rating on Vale SA (NYSE: VALE), but removed the $15.20 price target. In the report, Morgan Stanley noted, “Our analysis shows Vale has been increasingly active in the spot iron ore market and that the...
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UPDATE: Morgan Stanley Reiterates On Ternium S.A. On Investor Day Takeaways
Friday, May 30, 2014 - 10:04am | 99Read More...In a report published Friday, Morgan Stanley analyst Carlos De Alba reiterated an Equal-Weight rating on Ternium S.A. (NYSE: TX), but lowered the price target from $30.50 to $30.20. In the report, Morgan Stanley noted, “We attended Ternium's 2014 Investor Day, where we met with senior management....
