Shell Midstream Partners, L.P. (SHLX) At $29.76 Forms Bottom; Tt International Has Lowered Its Ternium Sa (TX) Holding

Shell Midstream Partners, L.P. (SHLX) formed multiple bottom with $28.57 target or 4.00% below today’s $29.76 share price. Shell Midstream Partners, L.P. (SHLX) has $5.59 billion valuation. The stock decreased 1.29% or $0.39 during the last trading session, reaching $29.76. About 489,864 shares traded. Shell Midstream Partners, L.P. (NYSE:SHLX) has declined 5.89% since January 25, 2017 and is downtrending. It has underperformed by 22.59% the S&P500.

Tt International decreased Ternium Sa (TX) stake by 20.78% reported in 2017Q3 SEC filing. Tt International sold 180,661 shares as Ternium Sa (TX)’s stock rose 9.85%. The Tt International holds 688,762 shares with $21.30 million value, down from 869,423 last quarter. Ternium Sa now has $6.53 billion valuation. The stock increased 0.94% or $0.31 during the last trading session, reaching $33.27. About 310,675 shares traded. Ternium S.A. (NYSE:TX) has risen 39.67% since January 25, 2017 and is uptrending. It has outperformed by 22.97% the S&P500.

Among 6 analysts covering Ternium (NYSE:TX), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Ternium had 12 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Monday, May 9. The firm earned “Buy” rating on Wednesday, February 24 by Citigroup. The rating was initiated by HSBC with “Buy” on Friday, May 13. Morgan Stanley upgraded Ternium S.A. (NYSE:TX) on Monday, December 7 to “Overweight” rating. Morgan Stanley upgraded the shares of TX in report on Wednesday, December 6 to “Overweight” rating. The rating was downgraded by HSBC on Wednesday, November 9 to “Hold”. The firm earned “Buy” rating on Monday, August 10 by Goldman Sachs.

Analysts await Ternium S.A. (NYSE:TX) to report earnings on February, 20. They expect $0.57 earnings per share, down 5.00% or $0.03 from last year’s $0.6 per share. TX’s profit will be $111.89 million for 14.59 P/E if the $0.57 EPS becomes a reality. After $0.99 actual earnings per share reported by Ternium S.A. for the previous quarter, Wall Street now forecasts -42.42% negative EPS growth.

Tt International increased Sherwin Williams Co (NYSE:SHW) stake by 4,382 shares to 24,999 valued at $8.95M in 2017Q3. It also upped Lockheed Martin Corp (NYSE:LMT) stake by 1,649 shares and now owns 5,413 shares. Monsanto Co New (NYSE:MON) was raised too.

Among 9 analysts covering Shell Midstream Partners (NYSE:SHLX), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Shell Midstream Partners had 24 analyst reports since July 2, 2015 according to SRatingsIntel. The stock of Shell Midstream Partners, L.P. (NYSE:SHLX) has “Buy” rating given on Friday, September 30 by Mizuho. The stock has “Buy” rating by RBC Capital Markets on Tuesday, January 16. The rating was maintained by RBC Capital Markets with “Buy” on Sunday, August 20. The company was initiated on Thursday, August 18 by Stifel Nicolaus. Stifel Nicolaus maintained the shares of SHLX in report on Monday, August 14 with “Buy” rating. The stock of Shell Midstream Partners, L.P. (NYSE:SHLX) has “Buy” rating given on Friday, November 17 by UBS. The stock of Shell Midstream Partners, L.P. (NYSE:SHLX) earned “Buy” rating by Stifel Nicolaus on Wednesday, November 29. The stock of Shell Midstream Partners, L.P. (NYSE:SHLX) has “Buy” rating given on Thursday, October 19 by RBC Capital Markets. The stock has “Outperform” rating by RBC Capital Markets on Wednesday, November 9. The firm earned “Buy” rating on Monday, November 30 by Evercore.

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