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Barclays Downgrades CF; Investors Have Fully Priced In Optimistic Rebound In Fertilizer Market
Monday, December 12, 2016 - 11:13am | 304Read More...Shares of CF Industries Holdings, Inc. (NYSE: CF) have gained almost 24 percent over the last three months. The gains have been driven by stronger urea prices and the election results, and CF Industries’ stock now appears to “fully price in an optimistic — but not unattainable...
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Barclays Maintains Overweight On Steel Dynamics As Q3 Guidance Largely Expected
Thursday, September 22, 2016 - 8:35am | 339Read More...Steel Dynamics, Inc. (NASDAQ: STLD) guided to lower flat-rolled volumes and a sequentially worse recycling performance for Q3. The guidance overall was largely as anticipated, Barclays’ Matthew J. Korn said in a report. He maintained an Overweight rating on the company, with a price target...
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U.S. Steel, Other Metals And Mining Reviewed By Barclays
Tuesday, July 12, 2016 - 9:37am | 469Read More...Heading into the 2Q earnings season, commodity price estimates for steel have been raised. This has improved the earnings outlooks for steel companies, and resulted in an increase in the price targets of four steel stocks, Barclays’ Matthew J. Korn said in a report. The performance of...
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Potash Estimates Adjusted By Barclays On Nitrogen Market
Thursday, June 23, 2016 - 8:39am | 317Read More...The outlook for the US nitrogen market has deteriorated from the year-ago levels, which is evident from the roughly 45 percent y/y decline in urea prices to $183/t in New Orleans and to $210/t in the Midwest, Barclays’ Matthew J. Korn said in a report. Merger Fallout Hits Estimates...
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Barclays Getting Bearish On Ag: Downgrades Potash, Mosaic, Lowers Targets On Agrium, CF
Tuesday, April 19, 2016 - 1:01pm | 267Read More...Potash prices have been on a downtrend. Barclays’ Matthew J. Korn downgraded the ratings for Potash Corporation of Saskatchewan (USA) (NYSE: POT) and Mosaic Co (NYSE: MOS) from Equal-weight to Underweight. He reduced the price target for Potash from $16 to $14, while maintaining a price...
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Barclays Capital Believes 1Q15 Guidance Reflects Volume-Driven Loss For AK Steel
Tuesday, March 24, 2015 - 7:50am | 177Read More...In a report published Tuesday, Barclays Capital analyst Matthew J. Korn reiterated an Equal-Weight rating and $5.00 price target on AK Steel Holding Corporation (NYSE: AKS). In the report, Barclays Capital noted, "We read AK Steel's 1Q15 EPS guidance (-$0.23 to -$0.28/share) as reflecting blast...
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Amid Copper Selloff, Barclays Likes Southern Copper And Freeport-McMoRan
Friday, January 16, 2015 - 12:43pm | 215Read More...Barclays took a neutral position on the copper sub-sector in a report on U.S. Metals & Mining issued Thursday. Analyst Matthew J. Korn expected “the bullish impact of lower-than-expected metal supply to outweigh a slowdown in Chinese consumption growth and push copper prices higher....
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Barclays Bullish On Steel (And Mini-Mill Companies)
Friday, January 16, 2015 - 11:32am | 214Read More...In a report published Thursday, Barclays weighed in on U.S. metals and mining, and expressed its bullishness on the steel, even in spite of "concerns on global growth and persistently weak commodity prices." Analysts Matthew J. Korn and Kalpesh Patel said they believe that the effects...
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UPDATE: Barclays Capital Reiterates on CVR Partners LP on Strong Performance Ahead of Spring Demand
Wednesday, March 5, 2014 - 11:10am | 218Read More...In a report published Wednesday, Barclays Capital analyst Matthew J. Korn reiterated an Equal-Weight rating on CVR Partners LP (NYSE: UAN), and raised the price target from $22.00 to $23.00. In the report, Barclays Capital noted, “Catching up with late earnings announcements, nitrogen-producing...
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UPDATE: Barclays Capital Reiterates on Agrium on Updated Estimates
Wednesday, March 5, 2014 - 11:09am | 201Read More...In a report published Wednesday, Barclays Capital analyst Matthew J. Korn reiterated an Overweight rating on Agrium (NYSE: AGU), and raised the price target from $106.00 to $113.00. In the report, Barclays Capital noted, “4Q earnings for Agrium were largely a non-event, with management having pre-...
