Skip to main content

Market Overview

Thursday's Analyst Action On U.S. Steel, Panera Bread And Others

Share:
Thursday's Analyst Action On U.S. Steel, Panera Bread And Others

Earnings season is a busy time for investors, traders and especially Wall Street analysts.

Here is a selection of some of the more notable Wall Street analyst calls from Thursday.

U.S. Steel: Analysts Are Mixed

Analysts at Bank of America downgraded United States Steel Corporation (NYSE: X) to Underperform from Neutral, but analysts at Argus Research upgraded the company to Buy from Hold. Also, analysts at CLSA maintained a Sell rating on the stock.

U.S. Steel's stock gained more than 5 percent on Thursday and hit a new 52-week high of $26.92 after the company reported a better-than-expected loss in its second-quarter earnings report.

Related Link: Panera Bread's Q2 Results Are Half Baked In BMO's View

Panera Bread: Analysts Aren't Showing A Greater Appetite

Analysts at BMO Capital Markets maintained a Market Perform rating on shares of Panera Bread Co (NASDAQ: PNRA) while analysts at Credit Suisse also maintained an Outperform rating on the restaurant chain.

Panera Bread's stock also hit a new 52-week high of $224.15 on Thursday and closed the day higher by more than 3 percent after the company reported a top- and bottom-line beat in its second-quarter print.

Others

Here are some of the other notable analyst calls:

  • Analysts at Wolfe Research downgraded The Kroger Co (NYSE: KR) to Underperform from Peer Perform.
  • Analysts at Societe Generale downgraded Mondelez International Inc (NASDAQ: MDLZ) to Hold from Buy.
  • Analysts at Avondale Partners downgraded TerraForm Power Inc (NASDAQ: TERP) to Market Perform from Market Outperform.

The table was provided by Benzinga Professional, a premium service that provides traders and investors with real-time headlines and analysis covering earnings reports, M&A, IPOs, rumors and much more.

Full ratings data available on Benzinga Pro.

Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

Latest Ratings for KR

DateFirmActionFromTo
Jan 2021Telsey Advisory GroupDowngradesOutperformMarket Perform
Jan 2021Wells FargoMaintainsEqual-Weight
Jan 2021Morgan StanleyDowngradesEqual-WeightUnderweight

View More Analyst Ratings for KR
View the Latest Analyst Ratings

 

Related Articles (KR + MDLZ)

View Comments and Join the Discussion!

Posted-In: Analyst Color Earnings Long Ideas News Short Ideas Upgrades Downgrades Commodities Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com