Philip Gibbs

KeyBanc Capital Markets analyst Philip Gibbs downgraded ATI Inc. (NYSE:ATI) from Overweight to Sector Weight. At the beginning of May, ATI reported first-quarter results, with aerospace and defense sales of $754 million, representing 66% of sales. Gibbs has increased ATI’s 2025 estimates,...

Pittsburgh-based United States Steel Corp. (NYSE:X) late Sunday rejected a buyout offer from rival steel manufacturer Cleveland-Cliffs Inc. (NYSE:CLF) but welcomed the latter to participate in a formal review process. What Happened: U.S. Steel said it invited Cleveland-Cliffs to join in a formal...

Although Howmet Aerospace Inc (NYSE: HWM) continues to be impacted by the “pandemic-induced demand shock to commercial aerospace,” global aircraft builds are likely to bottom in 2020-2021, according to KeyBanc Capital Markets. The Howmet Aerospace Analyst: Philip Gibbs initiated...

The reason a stock is moving isn't always instantly visible. ArcelorMittal SA (NYSE: MT) was trading notably higher during the Monday session on what seemed to be no news, so Benzinga reached out to an analyst to see if they knew why.  ArcelorMittal's Stock Move  "...

Steel Dynamics, Inc. (NASDAQ: STLD) reported second-quarter results after the close Monday and announced a new mill site. The earnings call scheduled for Wednesday is likely to focus on recent steel order trends and the company’s capital allocation, including the planned mill...

AK Steel Holding Corporation (NYSE: AKS) reported what looked like a good earnings beat Monday, but KeyBanc Capital Markets warned that some extraordinary items and lukewarm guidance may mean the steelmaker isn’t as solid below the surface as the earnings may have implied. AK Steel...

The U.S. steel industry has had a volatile couple of years with fluctuations in steel prices and uncertainty surrounding the fate of steel tariffs in an ongoing trade war. This week, several Wall Street analysts weighed in on steel stocks ahead of the G20 summit of world leaders. New Steel Mill...

Nucor Corporation (NYSE: NUE) traded higher Tuesday after one Street analyst gave the stock his vote of approval. The Analyst KeyBanc Capital Markets analyst Philip Gibbs upgraded Nucor from Sector Weight to Overweight and and set a $77 price target. The Thesis Self-help growth initiatives in...

Investors should continue holding a "selective bias" on carbon and steel stocks despite an increase in 2018 and 2019 hot rolled coil steel, or HRC, estimates, according to KeyBanc Capital Markets.  The Analyst KeyBanc's Philip Gibbs downgraded Steel Dynamics, Inc. (NASDAQ: STLD...

The risk-reward on specialty metals company Allegheny Technologies Incorporated (NYSE: ATI) is more interesting despite tariff concerns, following the 15 percent pullback from January highs, an analyst at KeyBanc Capital Markets said. The Analyst KeyBanc analyst Philip Gibbs upgraded Allegheny...

Timkensteel Corp (NYSE: TMST) shares have pulled back about 26 percent since their Jan. 23 high, in contrast to a more modest 8-percent drop by the S&P 500 Index, prompting KeyBanc Capital Markets to upgrade the stock.  The Analyst Analyst Philip Gibbs upgraded shares of Timkensteel...

The steel sector is looking more attractive than in the past, according to KeyBanc Capital Markets.  The Analyst KeyBanc's Philip Gibbs: Upgraded Timkensteel Corp (NYSE: TMST)'s from Underweight to Sector Weight with no assigned price target, but a $16 "fair value...

United States Steel Corporation (NYSE: X)'s investors had to wait a bit longer Tuesday for the company to release its earnings report, but it was worth the wait. Historically, the steel company releases its results at around 4:18 pm ET. Technical difficulties Tuesday forced the company to delay the...