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'As Good As It Gets' In Nucor, Bank Of America Says; Downgrades To Neutral
Wednesday, July 20, 2016 - 2:35pm | 514Read More...Bank of America Merrill Lynch has downgraded Nucor Corporation (NYSE: NUE) to Neutral from Buy due to a more cautious view on second-half market conditions, fuller valuation and cautious comments from Steel Dynamics, Inc. (NASDAQ: STLD) on long products. Justification The downgrade comes as Nucor...
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Bank Of America Upgrades US Steel To Neutral
Wednesday, June 15, 2016 - 10:53am | 332Read More...Bank of America Merrill Lynch analysts Timna Tanners and PT Luther have upgraded United States Steel Corporation (NYSE: X) shares to a Neutral rating from Underperform, citing increased expected benchmark sheet prices. The brokerage has a new price objective of $18.00 on the shares of the company....
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'The Little Engine That Could': Bank Of America Upgrades Alcoa
Monday, May 23, 2016 - 1:37pm | 418Read More...Bank of America Merrill Lynch has upgraded Alcoa Inc (NYSE: AA) to Buy from Neutral on aerospace opportunity. "While aero-heavy downstream results have disappointed over the past ~18 months, we are confident in an upswing at a minimum as it starts up the new isothermal forge it acquired...
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BofA Downgrades Alcoa Shares To Neutral Following Recent Upside
Thursday, March 3, 2016 - 9:50am | 211Read More...BoFA Merrill Lynch's Timna Tanners downgraded the rating for Alcoa Inc (NYSE: AA) from Buy to Neutral, while reducing the price objective from $12 to $10.50. Analyst Timna Tanners said that Alcoa's shares have been surprisingly resilient despite a one-third decline in alumina prices since June...
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Steel Price To Recover In 2016, Major Bank Predicts
Tuesday, November 24, 2015 - 4:44pm | 499Read More...Timna Tanners of Bank of America is expecting 2016 benchmark US hot rolled coil (HRC) to average $455/short ton, marking an increase from current spot prices of around $375 to $390 per ton. Tanners suggested that minimills will prove to be the "more attractive" investment option...
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Why Bank Of America Went Bullish On Alcoa
Tuesday, September 8, 2015 - 12:56pm | 254Read More...Alcoa Inc (NYSE: AA) is down 38.5 percent year-to-date. Timna Tanners, analyst with Bank of America Merrill Lynch, upgraded Alcoa to Buy with a $12 price target. Tanners based the firm's stance on the opinion that aluminum prices have lost "relevance" to Alcoa's share price. Bank of America...
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Calls Of Note: The Street's Research Moving Stocks This Wednesday
Wednesday, August 5, 2015 - 1:38pm | 1299Read More...The following represents a hand-picked selection of notable research curated by an analyst known in some circles as "The Sith Overlord Of The Street." Bank Of America: Downgrading Vishay To Underperform Ruplu Bhattacharya of Bank of America downgraded shares of Vishay Intertechnology (NYSE: VSH)...
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'Inconvenient Truth:' Bank Of America Downgrades 3 Miners
Thursday, March 12, 2015 - 3:39pm | 324Read More...Lower price forecasts for coal and iron ore promoted analysts at Bank of America to downgrade a trio of mining concerns. "It's an inconvenient truth," the bank's Thiago Lofiego said, noting that an oversupply will last longer than expected. Lofiego cut his rating on...
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Bank Of America Downgrades Alcoa, Cites 'Worsening Aluminum Fundamentals'
Wednesday, March 4, 2015 - 10:49am | 236Read More...In a report published Wednesday, Bank Of America analyst Timna Tanners cited "worsening aluminum fundamentals" as a reason to downgrade Alcoa Inc (NYSE: AA) to Neutral from Buy with a price target lowered to $17 from a previous $20. Tanners noted that pressure from LME warehouse rules...
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UPDATE: Bank Of America Reiterates On United States Steel On OCTG Headwinds
Thursday, December 11, 2014 - 8:40am | 153Read More...In a report published Thursday, Bank of America analyst Timna Tanners reiterated an Underperform rating on United States Steel Corporation (NYSE: X), but lowered the price target from $32.00 to $29.00. In the report, Bank of America noted, “U.S. Steel's exposure to slumping oil markets has clearly...
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Bank Of America U.S. Coal Q3 2014 Preview
Thursday, October 16, 2014 - 8:21am | 214Read More...On Wednesday, analysts at Bank of America offered a third quarter 2014 preview for U.S. coal, expecting another tough quarter. Timna Tanners thinks met coal fundamentals will not improve until second half 2015, “Weak met coal price tags and transportation challenges should continue to...
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UPDATE: Bank Of America Reiterates On Cliffs Natural Resources On Iron Ore Forecast Cut
Wednesday, October 15, 2014 - 7:59am | 129Read More...In a report published Wednesday, Bank of America analyst Timna Tanners reiterated an Underperform rating on Cliffs Natural Resources Inc (NYSE: CLF), but lowered the price target from $8.00 to $4.00. In the report, Bank of America noted, “We cut 2014-16E EPS estimates and our PO for CLF as our...
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UPDATE: Bank of America Initiates Coverage On Martin Marietta Materials, Inc. As Demand Recovery Can Propel Shares Up
Thursday, October 9, 2014 - 9:42am | 160Read More...In a report published Thursday, Bank of America analyst Timna Tanners initiated coverage on Martin Marietta Materials (NYSE: MLM) with a Buy rating and $136.00 price target. In the report, Bank of America noted, “We initiate on Martin Marietta Materials (MLM) with a Buy rating and a $136/shr price...
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UPDATE: Bank Of America Upgrades Century Aluminum Co On Better Global Aluminum Markets Outlook
Tuesday, September 30, 2014 - 8:01am | 163Read More...In a report published Tuesday, Bank of America analyst Timna Tanners upgraded the rating on Century Aluminum Co (NASDAQ: CENX) from Neutral to Buy, and raised the price target from $21.00 to $30.00. In the report, Bank of America noted, “We are upgrading pure-play aluminum producer CENX to Buy from...
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UPDATE: Bank Of America Upgrades Alcoa Inc As Cash Flow Recovery Is Looming In 2015E
Tuesday, September 30, 2014 - 7:59am | 117Read More...In a report published Tuesday, Bank of America analyst Timna Tanners upgraded the rating on Alcoa Inc (NYSE: AA) from Neutral to Buy, and raised the price target from $16.00 to $18.00. In the report, Bank of America noted, “We upgrade Alcoa shares to Buy, noting: 1) a better cash flow outlook; 2)...
