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MTW

Manitowoc

$4.53

0.07 (1.57%)

11:52
10/14/16
10/14
11:52
10/14/16
11:52

Manitowoc says prevails in patent infringement lawsuit against Sany

The Manitowoc Company, Inc.announced the U.S. Court of Appeals for the Federal Circuit ruled in its favor in its patent infringement and trade secrets misappropriation lawsuit against Sany Heavy Industries and Sany America. The CAFC's October 11, 2016 ruling summarily affirmed the United States International Trade Commission April 16, 2015 Final Determination and Cease and Desist Order against Sany in Certain Crawler Cranes and Components. The CAFC specifically noted that no further opinion was necessary. The CAFC's October 11, 2016 ruling upholds all of the determinations from the ITC's April 16, 2015 Final Determination. The Final Determination was issued in connection with the ITC's investigation of Sany's conduct based upon a complaint filed by Manitowoc Cranes, LLC, which alleged that Sany had violated Section 337 of the Tariff Act. The ITC's determinations included that at least one Sany crane product infringed one of Manitowoc's patents and that six trade secrets of Manitowoc were both protectable as trade secrets and misappropriated. As a result of those determinations, the ITC issued a limited exclusion order that prohibits importation into the U.S. by Sany of cranes (a) that infringe one of Manitowoc's patents or (b) that use any of six of Manitowoc's trade secrets for a period of ten years.

  • 17

    Nov

MTW Manitowoc
$4.53

0.07 (1.57%)

04/20/16
04/20/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Schlumberger (SLB) upgraded to Overweight at Barclays by analyst J. David Anderson, who named the company his top pick in the North America Oilfield Services & Equipment space. He said no company has improved itself more during the downturn than Schlumberger. Anderson also upgraded Superior Energy (SPN) to Overweight and Dril-Quip (DRQ) to Equal Weight. 2. Manitowoc (MTW) upgraded to Buy at Stifel citing cutting and operations improvement to make its strong brand recognition and leading distribution more apparent to investors. 3. Kansas City Southern (KSU) upgraded two notches to Buy at BofA/Merrill by analyst Ken Hoexter, who said the company reported an impressive Q1 operating ratio and cut costs to offset near-term volume declines. 4. Copa Holdings (CPA) upgraded to Outperform at Raymond James with analyst Savanthi Syth citing increased conviction on second half earnings recovery given the strengthening of Latin American currencies versus the U.S. dollar. 5. ArcelorMittal (MT) upgraded to Buy at Jefferies on expectations carbon steel prices in Europe will rise. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/06/16
GHSC
05/06/16
UPGRADE
GHSC
Buy
Manitowoc upgraded to Buy from Neutral at Seaport Global
Seaport Global analyst Michael Shlisky upgraded Manitowoc to Buy and increased its price target to $7 from $5. The analyst's change in outlook is based on the long-term self-help story and how management noted that in a flattish revenue environment, the lean initiatives, are expected to generate 100bps-150bps of operating margin improvement per year in the near-term.
05/31/16
WBLR
05/31/16
NO CHANGE
WBLR
William Blair wonders if Manitowoc could be next target for Zoomlion
After Zoomlion walked away from Terex (TEX), William Blair analyst Lawrence De Maria questioned if Manitowoc (MTW) could be the next target. Zoomlion noted in its release that it "will continue to seek strategic opportunities" and further "procure its strategic transformation and industrial upgrading," De Maria told investors Friday afternoon in a research note. "While an offer from Zoomlion is far from certain, long Manitowoc could be an opportunity for speculative investors," the analyst contends. He points out that a 10 times EBITDA multiple implies a $6.50 per share price for Manitowoc. A "less realistic" 11 times multiple implies a $7.50 per share price for Manitowoc, he adds. De Maria listed Joy Global (JOY) and AGCO (AGCO) as other potential strategic acquisitions for off-shore buyers looking to expand technology.
09/06/16
DBAB
09/06/16
INITIATION
Target $5.25
DBAB
Hold
Manitowoc initiated with a Hold at Deutsche Bank
Target $5.25.

TODAY'S FREE FLY STORIES

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FB

Facebook

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KHC

Kraft Heinz

$96.65

9.37 (10.74%)

, UN

Unilever; also tag UL

$48.79

6.47 (15.29%)

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KHC

Kraft Heinz

$96.65

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UN

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CPB

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CLX

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DEPO

Depomed

$16.47

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PTEN

Patterson-UTI

$27.43

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SABR

Sabre

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EQM

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VZ

Verizon

$49.19

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GOOG

Alphabet

$828.07

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, GOOGL

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Alphabet

$828.07

3.91 (0.47%)

GOOGL

Alphabet Class A

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4.38 (0.52%)

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TOSBF

Toshiba, also use TOSYY

$1.61

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Toshiba, also use TOSBF

$9.55

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EFOI

Energy Focus

$4.50

-0.21 (-4.46%)

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  • 23

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WMT

Wal-Mart

$69.37

0.5 (0.73%)

, M

Macy's

$32.30

0.48 (1.51%)

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WMT

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M

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HD

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SNI

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MDT

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LL

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GPC

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ECL

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CBRL

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AAP

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IOC

InterOil

$48.39

0.07 (0.14%)

, XOM

Exxon Mobil

$81.76

-0.54 (-0.66%)

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$48.39

0.07 (0.14%)

XOM

Exxon Mobil

$81.76

-0.54 (-0.66%)

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TWX

Time Warner

$96.48

0.09 (0.09%)

, CMCSA

Comcast

$75.32

-0.67 (-0.88%)

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TWX

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$96.48

0.09 (0.09%)

CMCSA

Comcast

$75.32

-0.67 (-0.88%)

CMCSK

Comcast

LGF.A

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LGF.B

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$25.81

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FOX

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FOXA

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DIS

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SNE

Sony

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VIA

Viacom

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VIAB

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HLX

Helix Energy

$7.41

-0.32 (-4.14%)

19:24
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Earnings
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CSII

Cardiovascular Systems

$29.19

0.76 (2.67%)

19:21
02/20/17
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Cardiovascular Systems reports one-year data from COAST study »

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CRMT

America's Car-Mart

$38.85

-1.15 (-2.88%)

19:17
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Earnings
America's Car-Mart reports Q3 EPS 35c, may not compare to consensus 64c »

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  • 21

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ROG

Rogers Corporation

$78.80

-1.34 (-1.67%)

19:12
02/20/17
02/20
19:12
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19:12
Earnings
Rogers Corporation sees Q1 adjusted EPS $1.09-$1.19, consensus 99c »

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ROG

Rogers Corporation

$78.80

-1.34 (-1.67%)

19:11
02/20/17
02/20
19:11
02/20/17
19:11
Earnings
Rogers Corporation reports Q4 EPS 94c, consensus 82c »

Reports Q4 revenue $173M,…

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HBHC

Hancock Holding

$46.80

-0.2 (-0.43%)

, FNBC

First NBC Bank

$4.75

-0.25 (-5.00%)

19:04
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Hancock Holding says gets approval to close First NBC Bank transaction »

Hancock Holding (HBHC)…

HBHC

Hancock Holding

$46.80

-0.2 (-0.43%)

FNBC

First NBC Bank

$4.75

-0.25 (-5.00%)

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NDSN

Nordson

$119.95

0.77 (0.65%)

19:03
02/20/17
02/20
19:03
02/20/17
19:03
Earnings
Nordson sees Q2 EPS $1.21-$1.33, consensus $1.22 »

Sees Q2 revenue up 3%-7%.…

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  • 21

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