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Gordon Johnson: Sell GATX Corp, Rail Leasing Rates Look Scary
Monday, December 14, 2015 - 9:43am | 290GATX Corporation (NYSE: GMT) shares have declined 28.68 percent year to date, almost touching their 52 week low at $41.04 on December 11. Axiom’s Gordon L. Johnson II has initiated coverage of the company with a Sell rating and price target of $20. Johnson prefers to maintain a...
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'The Nightmare Before Christmas': Axiom's Johnson Maintains Sell On SunEdison
Wednesday, November 18, 2015 - 9:38am | 321Shares of Sunedison Inc (NYSE: SUNE) are down 84 percent year-to-date and are trading around their 52-week low of $2.81. Axiom’s Gordon L. Johnson II maintained a Sell rating on the company, with a price target of $2. SunEdison’s financial position remains weak and the company...
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Why This Top-Rated Solar Analyst Downgraded SunEdison To Sell
Thursday, November 12, 2015 - 8:39am | 362Shares of Sunedison Inc (NYSE: SUNE) have declined 33.8 percent following the release of its 3Q15 results after-market on Monday, reaching a low of $4.775 on November 11. Axiom’s Gordon L. Johnson has downgraded the rating on the company to Sell, with a price target of $2. Johnson...
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Axiom Calls Joy Global 'The Best House In A Bad Neighborhood,' Initiates At Buy
Friday, August 21, 2015 - 11:45am | 289In a report issued Friday, Axiom analysts Gordon Johnson and James A. Bardowski initiated coverage on shares of Joy Global Inc. (NYSE: JOY) with a “relative” Buy rating and $21 price target. The experts note that, while this is “the Best House in a Bad Neighborhood,”...
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UPDATE: Axiom Capital Management Downgrades Cliffs Natural Resources On Anticipated Downside
Monday, March 9, 2015 - 9:28am | 139In a report published Monday, Axiom Capital Management analyst Gordon L. Johnson II downgraded the rating on Cliffs Natural Resources Inc. (NYSE: CLF) from Hold to Sell, and lowered the price target from $9.00 to $2.00. In the report, Axiom Capital Management noted, "While we commend CLF on its...
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Axiom Capital Sees Solar Demand In Japan Taking A 'Drubbing'
Tuesday, December 23, 2014 - 4:30pm | 289Axiom Capital Research issued a research note Tuesday on changes to Japan’s solar policy which “implies demand is set to take a drubbing.” The firm was amazed that the Street "seems oblivious to this dynamic." Analyst Gordon L. Johnson II commented that “two of...
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UPDATE: Axiom Capital Upgrades Cliffs Natural Resources On Valuation
Wednesday, October 15, 2014 - 9:29am | 162In a report published Wednesday, Axiom Capital analyst Gordon L. Johnson II upgraded the rating on Cliffs Natural Resources Inc (NYSE: CLF) from Sell to Hold, but lowered the price target from $10.00 to $9.00. In the report, Axiom Capital noted, “Since our initiation of coverage, CLF's shares have...
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Axiom Capital Sees Polypore International As Overvalued
Friday, October 10, 2014 - 8:52am | 120In a report published Friday, Axiom Capital analyst Gordon L. Johnson II reiterated a Sell rating and $16.00 price target on Polypore International, Inc. (NYSE: PPO). In the report, Axiom Capital noted, “PPO is among the most overvalued & cheered Wall Street stocks in the market today,...
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Axiom Capital Sees Challenges Ahead For United States Steel Corporation
Tuesday, September 30, 2014 - 9:25am | 204In a report published Tuesday, Axiom Capital analyst Gordon L. Johnson II reiterated a Sell rating and $21.00 price target on United States Steel Corporation (NYSE: X). In the report, Axiom Capital noted, “While we believe many pundits see $1/shr in quarterly earnings for X as sustainable (or $4/yr...
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Axiom Hoists Red Flag Over Trina Solar Limited (ADR) Debt
Friday, September 5, 2014 - 11:53am | 256Trina Solar Limited (ADR) (NYSE: TSL) shares have been on a roll recently, but an analyst raised red flags Friday regarding liquidity. The China-based solar power company's accounts payable grew more than 35 percent in the recent quarter, while the company's inventory hit a record level...
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UPDATE: Axiom Capital Initiates Coverage on Cliffs Natural Resources on Bad Place, Bad Time
Monday, March 10, 2014 - 8:59am | 241In a report published Monday, Axiom Capital analyst Gordon L. Johnson II initiated coverage on Cliffs Natural Resources (NYSE: CLF) with a Sell rating and $10.00 price target. In the report, Axiom Capital noted, “We are initiating coverage of CLF with a SELL, High Risk rating, & $10 12-month...