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Buy Steel Into Trump Presidency: Morgan Stanley
Monday, November 14, 2016 - 9:41am | 350Read More...President-elect Donald Trump's plans for increased infrastructure spending and trade protection could boost demand for steel on the one hand and curb import supply on the other, thereby resulting in significant undersupply in the U.S. steel market, Morgan Stanley’s Evan L Kurtz said in a...
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Coal Futures Are Up 80% In A Month, So Morgan Stanley Upgrades Teck Resources
Thursday, September 15, 2016 - 7:43am | 280Read More...Coal prices have surged more than 80 percent in the past month and are close to $200/t. Met coal prices are expected to remain elevated into 2017, Morgan Stanley’s Evan L Kurtz said in a report. He upgraded the rating on Teck Resources Ltd (USA) (NYSE: TCK) from Underweight to Equal-weight...
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Morgan Stanley Downgrades Freeport-McMoRan On Valuation Following Restructuring
Wednesday, September 14, 2016 - 8:25am | 329Read More...The risk/reward on Freeport-McMoRan Inc (NYSE: FCX) may be significantly skewed to the downside, according to Morgan Stanley’s Evan L Kurtz, given that the stock appears to be pricing in copper at $.275/lb, meaningfully ahead of the estimate of an average $2.43/lb over the next three years....
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Morgan Stanley Initiates Newmont Mining At Equal-Weight, Says Co. Remains Successful On Cost Cutting
Tuesday, August 9, 2016 - 10:02am | 270Read More...While Newmont Mining Corp (NYSE: NEM) has been taking steps to lower debt and reduce costs, the market seems to have already rewarded these actions, Morgan Stanley’s Evan L Kurtz said in a report. He initiated coverage of the company with an Equal-weight rating and a price target of $41....
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Morgan Stanley Initiates Goldcorp At Overweight, Favors Name Over Barrick Gold And Newmont Mining
Tuesday, August 9, 2016 - 8:30am | 328Read More...Most gold stocks have had a good run year-to-date, with the exception of Goldcorp Inc. (USA) (NYSE: GG), which has lagged peers by ~95 percent YTD due to disappointing guidance, Morgan Stanley’s Evan L Kurtz said in a report. He initiated coverage of the company with an Overweight rating...
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Morgan Stanley Initiates Barrick Gold At Equal-weight, Positive On Management Cost Controls
Tuesday, August 9, 2016 - 7:28am | 356Read More...Over the past year, Barrick Gold Corporation (USA) (NYSE: ABX) has taken “appropriate steps” by reducing its debt load, divesting non-core assets, shrinking production and lowering costs, Morgan Stanley’s Evan L Kurtz said in a report. He initiated coverage of the company with...
