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Morgan Stanley: Now Is The Time To Forge A Position In US Steel Names
Tuesday, July 18, 2017 - 11:55am | 443Read More...Wall Street got even more bullish on steel stocks on Tuesday when Morgan Stanley analyst Evan Kurtz recommended traders take the opportunity to buy a handful a steel stocks ahead of earnings season. Kurtz’s bullish note came after Morgan Stanley analysts met with steel and scrap buyers,...
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Market May Have Overreacted To U.S. Steel's Guidance Cut, Says Morgan Stanley
Monday, May 1, 2017 - 11:08am | 544Read More...United States Steel Corporation (NYSE: X) shares, which were hammered following its first-quarter earnings announcement last week, could get some reprieve as Morgan Stanley throws its weight behind the company. The shares have lost roughly 30 percent since the earnings release. Asset...
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Trump Election Making Steel Great Again
Monday, November 14, 2016 - 4:43pm | 467Read More...Steel stocks are spiking on Monday afternoon, with AK Steel Holding Corporation (NYSE: AKS) up almost 7.5 percent, United States Steel Corporation (NYSE: X) up about 6.4 percent, Cliffs Natural Resources Inc (NYSE: CLF) up more than 1 percent and Mechel PAO (ADR) (NYSE: MTL) up 16.8 percent. The...
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2 Positives Missing From Alcoa's Stock Valuation
Monday, November 7, 2016 - 10:12am | 349Read More...Morgan Stanley’s Evan Kurtz believes Alcoa Corporation (NYSE: AA) shares are pricing in a commodity outlook that is meaningfully below the spot aluminum and alumina prices. Kurtz initiated coverage of the company with an Overweight rating and price target of $27. The analyst believes...
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Morgan Stanley Values Alcoa Following Form-10 Filing
Thursday, June 30, 2016 - 3:45pm | 376Read More...Morgan Stanley raised the price target of Alcoa Inc (NYSE: AA) to $12 from $11 after Alcoa announced additional details on its split. The $1 increase in target price is mainly driven by a refreshed view on working capital release. "We value the future Alcoa upstream company at $3.7/share (on the...
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Buy Steel Dynamics? Morgan Stanley Now More Convicted In 'Top Pick'
Tuesday, February 16, 2016 - 10:38am | 300Read More...On Tuesday, Morgan Stanley issued a company note on Steel Dynamics, Inc. (NASDAQ: STLD) after the firm's Quarterly Steel Executives Dinner. Currently, analysts at Morgan Stanley rate Steel Dynamics as Overweight with a $27 price target. Evan Kurtz and Hunter Alley, analysts at Morgan Stanley, wrote...
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Morgan Stanley Sees Trouble In Coal Ahead, Downgrades Peabody And Cloud Peak
Wednesday, October 7, 2015 - 9:22am | 484Read More...Evan Kurtz of Morgan Stanley argued in a note that United States coal prices "could remain weak" for a few more years. Kurtz downgraded shares of Peabody Energy Corporation (NYSE: BTU) and Cloud Peak Energy Inc. (NYSE: CLD) to Equal-weight from Overweight. Kurtz noted both...
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Is Steel A Better Trade In The Second Half Of 2015?
Tuesday, August 4, 2015 - 8:01am | 549Read More...In a report published Tuesday, Morgan Stanley analyst Evan Kurtz discussed why steel may see upside in pricing and volumes in the bottom half of 2015. Kurtz noted that a second flat-rolled trade case was filed in as many months as domestic steel makers attempt to counter the negative effects of...
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Morgan Stanley Offers 4 Reasons To Buy U.S. Steel
Tuesday, May 12, 2015 - 10:53am | 369Read More...In a report published Tuesday, Morgan Stanley analyst Evan Kurtz offered four reasons why now is the time to buy shares of United States Steel Corporation (NYSE: X). Shares of U.S. Steel are Overweight rated with a $35 price target. 1. Expectations Reset Lower U.S. Steel lowered its 2015...
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Morgan Stanley Names U.S. Steel, Steel Dynamics As Top Picks
Wednesday, September 3, 2014 - 9:37am | 377Read More...Morgan Stanley issued a very strong view on United States Steel Corporation (NYSE: X) and Steel Dynamics, Inc. (NYSE: STLD) Wednesday morning. Viewing the steel industry as "Attractive," the bank increased its price targets by nearly 40 percent and notes U.S. Steel and Steel Dynamics...
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Morgan Stanley Suggests Pair Trade For Steel Earnings
Tuesday, June 17, 2014 - 8:02am | 223Read More...Morgan Stanley sees a second quarter beat for Nucor (NYSE: NUE) and miss for AK Steel (NYSE: AKS), according to a research report published Tuesday. Morgan Stanley boosted its EPS estimate for Nucor by more than 29 percent from $0.58 to $0.75. The analyst consensus is $0.61. Commenting on the...
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UPDATE: Morgan Stanley Upgrades Peabody Energy
Monday, May 12, 2014 - 8:19am | 238Read More...In a note released Monday, Morgan Stanley analyst Evan Kurtz upgraded Peabody Energy (NYSE: BTU) from Equal-Weight to Overweight and raised the price target from $20 to $30. Commenting on the 2014 outlook for the industry, Kurtz wrote, "We believe coal burn will increase by 63 mt in 2014. While...
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Morgan Stanley Maintains on Cliffs Natural Resources
Thursday, January 23, 2014 - 10:06am | 147Read More...In a report published Thursday, Morgan Stanley analyst Evan Kurtz maintained Underweight on Cliffs Natural Resources (NYSE: CLF), lowering its price target to $14.00 from $12.00. According to the report, CLF should announce a decision on the future of Bloom Lake with 4Q13 results. “We examine 5...
