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Bank Of America Lowers 2015E EPS On AK Steel Holding Corporation
Monday, September 15, 2014 - 7:40am | 112In a report published Monday, Bank of America analyst Timna Tanners reiterated a Buy rating and $13.00 price target on AK Steel Holding Corporation (NYSE: AKS). In the report, Bank of America noted, “We lowered 2015E EPS to $2 from $2.50 after factoring in the Severstal Dearborn steel mill...
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Bank Of America Sees New Leadership, Tweaked Strategy, Same Challenges For Cliffs Natural Resources
Friday, August 29, 2014 - 10:02am | 176In a report published Friday, Bank of America analyst Timna Tanners reiterated an Underperform rating and $11.00 price target on Cliffs Natural Resources (NYSE: CLF). In the report, Bank of America noted, “We met with new CEO Lourenco Goncalves at the company's headquarters in Cleveland Thurs for...
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Bank Of America Bullish On Steel
Thursday, August 28, 2014 - 12:38pm | 261Analysts at Bank Of America raised price targets on AK Steel (NYSE: AKS) to $13 from $11 and Steel Dynamics (NASDAQ: STLD) to $26 from $23. The firm also reiterated Buy ratings on both companies. Analysts lifted steel forecasts for H214, but reiterate conviction that prices will correct...
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Bank Of America Learns Hotel Construction Is Expected To Fall, Finds Bull Market Potential In Key 'Swing Factors'
Wednesday, August 13, 2014 - 3:35pm | 290Hotel construction forecasts are down across the board for 2015, with IHS Group Insight expecting the largest downward growth change, going from +21.8 percent in 2014 to +12 percent in 2015. Bank of America analyst Timna Tanners said in a note on Wednesday morning that "the consistent...
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UPDATE: Bank Of America Upgrades AK Steel Holding On More Compelling Risk/Reward
Monday, June 16, 2014 - 7:56am | 198In a report published Monday, Bank of America analyst Timna Tanners upgraded the rating on AK Steel Holding Corporation (NYSE: AKS) from Neutral to Buy, and raised the price target from $9.00 to $10.00. In the report, Bank of America noted, “We upgrade AKS to Buy from Neutral on: 1) better global...
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Bank Of America Upgrades Aluminum Companies
Monday, June 2, 2014 - 8:27am | 300In a note released Monday, Bank of America analyst Timna Tanners upgraded both Alcoa (NYSE: AA) and Century Aluminum (NASDAQ: CENX) from Underperform to Neutral and raised the respective price objectives from $9.50 and $9 to $14. Tanners began the note by noting that the Midwest has placed a...
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Walter Energy Tumbles Among Other Coal Stocks After Bank of America Price Cuts
Thursday, March 20, 2014 - 1:59pm | 225On Thursday, Bank of America lowered the price objective and reiterated Underperform ratings for four coal stocks, including Walter Energy (NYSE: WLT), which is being hit the hardest in Thursday's trading, down 17 percent. For the next several years, “the industry can continue to be characterized...
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UPDATE: Bank of America Upgrades SunCoke Energy Ahead of 2014 Catalysts
Friday, December 13, 2013 - 9:48am | 157In a report published Friday, Bank of America analyst Timna Tanners upgraded the rating on SunCoke Energy (NYSE: SXC) from Neutral to Buy, and raised the price target from $20.00 to $25.00. In the report, Bank of America noted, “We believe SXC is well-positioned to grow through its MLP into 2014....
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UPDATE: Bank of America Upgrades AK Steel on Better Pension Position into 2014E
Tuesday, December 3, 2013 - 9:28am | 144In a report published Tuesday, Bank of America analyst Timna Tanners upgraded the rating on AK Steel (NYSE: AKS) from Underperform to Neutral, and raised the price target from $4.00 to $6.00. In the report, Bank of America noted, “We upgrade AKS to Neutral after adjusting 2013E underfunded legacy...
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Bank of America Reiterates Buy on CONSOL Energy as Top Pick in US Coal Market
Tuesday, November 26, 2013 - 12:14pm | 255In a report published Tuesday, Bank of America analyst Timna Tanners reiterated a Buy rating and $43.00 price target on CONSOL Energy (NYSE: CNX). In the report, Bank of America noted, “Our $43 PO uses a combination of NAV for gas and forward 7.5x 2014-15E EV/EBITDA for coal, in line with peers....
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UPDATE: Bank of America Downgrades Reliance Steel & Aluminum on Near-Term Headwinds, Valuation
Wednesday, September 25, 2013 - 8:54am | 137In a report published Wednesday, Bank of America analyst Timna Tanners downgraded the rating on Reliance Steel & Aluminum (NYSE: RS) from Buy to Neutral, but reiterated the $75.00 price target. In the report, Bank of America noted, “We downgrade shares of metal distributor Reliance despite an...
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UPDATE: Bank of America Upgrades Commercial Metals Company on Near-Term Catalysts
Friday, September 13, 2013 - 9:14am | 125In a report published Friday, Bank of America analyst Timna Tanners upgraded the rating on Commercial Metals Company (NYSE: CMC) from Underperform to Neutral, and raised the price target from $13.50 to $16.50. In the report, Bank of America noted, “We upgrade long products-focused steelmaker...
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UPDATE: Bank of America Upgrades SunCoke Energy on Bad News Being Priced In
Friday, July 26, 2013 - 2:11pm | 132In a report published on Friday, Bank of America analyst Timna Tanners upgraded SunCoke Energy (NYSE: SXC) from Sell to Neutral and raised the price target on the company from $15 to $16. In the report, Bank of America stated, "We upgrade SXC to Neutral in light of recent weak performance with a...
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UPDATE: Bank of America Downgrades Century Aluminum on Resource Cost Cuts Offsetting Power Cost Cuts
Wednesday, June 19, 2013 - 8:31am | 104In a report published on Wednesday, Bank of America analyst Timna Tanners downgraded Century Aluminum (NASDAQ: CENX) from Neutral to Underperform while maintaing a price target of $9 on the company. In the report, Bank of America stated, "We downgrade aluminum producer CENX to Underperform from...
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UPDATE: Bank of America Downgrades Cliffs Natural Resources on Conviction Of Weak Commodity Prices
Wednesday, June 19, 2013 - 8:19am | 135In a report published on Wednesday, Bank of America analyst Timna Tanners downgraded Cliffs Natural Resources (NYSE: CLF) from Neutral to Underperform and lowered the price target on the company from $24 to $16. In the report, Bank of America stated, "Downgrading on conviction of weak commodity...