Piyush Sood

Shares of mining company Freeport-McMoRan Inc. (NYSE: FCX) rose after Morgan Stanley upgraded its rating on the company. The Analyst Morgan Stanley analyst Piyush Sood upgraded the stock to Overweight from Equal-Weight, while lowering the price target to $14 from $16. The Thesis The price of...

Steel stocks have taken a beating in the past year, but one Wall Street analyst said Monday a seasonal ramp in U.S. steel demand should help boost prices in the near-term. The Analyst Morgan Stanley analyst Piyush Sood made the following changes to his steel coverage: AK Steel Holding Corporation...

Aluminum company Alcoa Corp. (NYSE: AA) posted a third-quarter sales beat and an adjusted EPS miss amid an industrial landscape that's been altered by tariffs. The Analysts Morgan Stanley analyst Piyush Sood reiterated an Overweight rating on Alcoa with a $57 price target. Bank of America...

Investors may want to reposition their steel holdings, as prices have dropped 4 percent since their mid-July peak, according to Morgan Stanley. The Analyst Morgan Stanley's Piyush Sood made the following rating and price target changes: United States Steel Corporation (NYSE: X) from Overweight...

Mean reversion can be a powerful trading tool, particularly with pair trades. One Wall Street analyst said it’s still too early to expect a mean reversion bump in underperforming Barrick Gold Corp (USA) (NYSE: ABX). The Analyst Morgan Stanley analyst Piyush Sood downgraded Barrick from...

Previewing Alcoa Corp (NYSE: AA)'s fiscal year third-quarter results, Morgan Stanley said it expects a beat from the company. As such, the firm has an Overweight rating on the shares of Alcoa and a $47 price target. The company is scheduled to report its third-quarter results after the market...

A market glut of both aluminum and copper bode ill for producers in the sector, an analyst said Tuesday. "It will get worse before it gets better," said Morgan Stanley's Piyush Sood, who cut his targets an average of 20 percent on seven metals and mining companies Tuesday. Among...