Longbow Research

The steel industry could soon move much higher, according to Longbow Research analyst Chris Olin. “Recent conversations with North American distributors levered to the energy markets suggest NT upside potential for the U.S. Steel (X) [United States Steel Corporation (NYSE: X)] Tubular Segment...

Longbow Research upgraded shares of Sherwin-Williams Co (NYSE: SHW) and set a price target at $400, representing a 15-percent upside from current levels. Analyst Dmitry Silversteyn hinged his expectations for a 15 percent upside on improving same store volume growth comps, The Valspar Corp (...

Apple Inc. (NASDAQ: AAPL) may have delayed mass production of the OLED iPhone to September or early October, according to Longbow analyst Shawn Harrison. However, Harrison said, “with greater confidence in FY18 growth in iPhone shipments, we are increasing our AAPL 12-month target price to $...

It looks like United States Steel Corporation (NYSE: X) shares may not stage a near-term recovery from the wounds inflicted by a post-election retreat and subsequently a lackluster first-quarter earnings report. Source: Y Charts The bleak prognostication comes amid the release of a note by...

JAB Holdings Co., a private European company whose portfolio includes Keurig Green Mountain, Caribou Coffee Co. and Peet’s Coffee & Tea, confirmed Wednesday its imminent acquisition of Panera Bread Co (NASDAQ: PNRA) for $315 per share. At least one analyst thinks the $7.5 billion deal may...

Longbow’s Alton Stump believes that while Panera Bread Co (NASDAQ: PNRA)'s Panera 2.0 “got off to a tough start but results improved significantly since mid-2015 and could drive meaningful upside to same-store sales growth forecasts for PNRA over the next 18+ months.” Stump...

Longbow Research believes the current valuation of Western Digital Corp (NASDAQ: WDC) reflects too much risk to the company's highly-leverage balance sheet. Analyst Joe Wittine sees the combination of factors supporting the growth objectives in the near-term, such as achieving considerable...

Longbow Research has downgraded Olin Corporation (NYSE: OLN) to Underperform from Neutral on lower utilization rates and volumes and lack of recovery in the epoxy business. "[W]e see risk of underperformance in 3Q16 and lower guidance for 4Q16, as well as at least a year's delay in realizing mid-...

  Pre-open movers U.S. stock futures traded slightly lower in early pre-market trade. Data on personal income and consumer spending for July will be released at 8:30 a.m. ET, while the Dallas Fed manufacturing index for August is schedule for release at 10:30 a.m. ET. Futures for the...

  Pre-open movers U.S. stock futures traded lower in early pre-market trade. Futures for the Dow Jones Industrial Average fell 43 points to 18,522.00, while the Standard & Poor’s 500 index futures declined 5.25 points to 2,178.25. Futures for the Nasdaq 100 index slipped 12.50...

Longbow Research said Dunkin Brands Group Inc (NASDAQ: DNKN) will be forced to slow store growth soon, potentially as early as 2017, while reiterating its Underperform rating and $34 price target on the stock. "Lack of coffee mix at Dunkin' Donuts restaurants outside of the concept...

Longbow Research downgraded NewMarket Corporation (NYSE: NEU) to Neutral from Buy as volume growth failed to materialize and margins look stagnant. According to the analysts, petroleum additives volume declines being experienced by NewMarket appear to be company specific; they have no plausible...