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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.

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ABUS

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ACHN

Achillion

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BMY

Bristol-Myers

$53.48

0.04 (0.07%)

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Albireo Pharma

$20.66

-0.26 (-1.24%)

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PG

Procter & Gamble

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ORIG

Ocean Rig UDW

$0.23

-0.0121 (-5.04%)

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SRG

Seritage Growth Properties

$42.86

-0.47 (-1.08%)

, SHLD

Sears

$13.39

-0.25 (-1.83%)

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SRG

Seritage Growth Properties

$42.86

-0.47 (-1.08%)

SHLD

Sears

$13.39

-0.25 (-1.83%)

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ORLY

O'Reilly Automotive

$265.36

2.36 (0.90%)

, AAP

Advance Auto Parts

$146.84

0.28 (0.19%)

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ORLY

O'Reilly Automotive

$265.36

2.36 (0.90%)

AAP

Advance Auto Parts

$146.84

0.28 (0.19%)

AZO

AutoZone

$707.79

1.49 (0.21%)

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Harley-Davidson

$55.81

-0.66 (-1.17%)

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Arconic

$26.00

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Arconic

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AA

Alcoa

$31.70

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INFY

Infosys

$14.48

0.01 (0.07%)

, WIT

Wipro

$9.70

-0.15 (-1.52%)

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INFY

Infosys

$14.48

0.01 (0.07%)

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$9.70

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MGM

MGM Resorts

$28.41

-0.05 (-0.18%)

13:22
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  • 27

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JNJ

Johnson & Johnson

$121.76

-0.11 (-0.09%)

13:04
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  • 06

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SRPT

Sarepta

$32.61

0.07 (0.22%)

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GS

Goldman Sachs

$216.86

-1.2 (-0.55%)

, BAC

Bank of America

$22.71

-0.36 (-1.56%)

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GS

Goldman Sachs

$216.86

-1.2 (-0.55%)

BAC

Bank of America

$22.71

-0.36 (-1.56%)

C

Citi

$57.72

-0.69 (-1.18%)

WFC

Wells Fargo

$53.00

-0.5 (-0.93%)

JPM

JPMorgan

$84.52

-1.03 (-1.20%)

MS

Morgan Stanley

$41.80

-0.7 (-1.65%)

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ABBV

AbbVie

$63.82

0.04 (0.06%)

, ALXN

Alexion

$116.82

-1.9 (-1.60%)

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ABBV

AbbVie

$63.82

0.04 (0.06%)

ALXN

Alexion

$116.82

-1.9 (-1.60%)

BAX

Baxter

$52.88

-0.01 (-0.02%)

CPHD

Cepheid

GALT

Galectin Therapeutics

$3.09

-0.14 (-4.33%)

GILD

Gilead

$65.93

-0.57 (-0.86%)

ICPT

Intercept

$107.89

0.7 (0.65%)

JWA

John Wiley & Sons; also tag JWB

NVS

Novartis

$73.40

-0.22 (-0.30%)

OSUR

OraSure

$12.67

0.03 (0.24%)

SIEGY

Siemens

$67.34

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VTL

Vital Therapies

$3.50

-0.1 (-2.78%)

ARWR

Arrowhead

$1.52

0.01 (0.66%)

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AAPL

Apple

$142.27

-0.17 (-0.12%)

, FB

Facebook

$143.68

-0.12 (-0.08%)

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Week in review: How Trump's policies moved stocks »

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AAPL

Apple

$142.27

-0.17 (-0.12%)

FB

Facebook

$143.68

-0.12 (-0.08%)

GOOG

Alphabet

$843.19

1.54 (0.18%)

GOOGL

Alphabet Class A

$858.95

-1.13 (-0.13%)

AMZN

Amazon.com

$898.53

-3.53 (-0.39%)

MSFT

Microsoft

$66.40

0.9 (1.37%)

STLD

Steel Dynamics

$35.37

0.46 (1.32%)

AKS

AK Steel

$6.72

-0.1 (-1.47%)

X

U.S. Steel

$30.42

-0.09 (-0.29%)

NUE

Nucor

$60.00

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CYH

Community Health

$8.24

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HCA

HCA Holdings

$83.55

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LPNT

LifePoint

$60.85

-0.7 (-1.14%)

THC

Tenet

$15.35

0.36 (2.40%)

UHS

Universal Health

$118.84

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HUM

Humana

$213.67

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BAC

Bank of America

$22.71

-0.36 (-1.56%)

C

Citi

$57.72

-0.69 (-1.18%)

GS

Goldman Sachs

$216.86

-1.2 (-0.55%)

JPM

JPMorgan

$84.52

-1.03 (-1.20%)

MS

Morgan Stanley

$41.80

-0.7 (-1.65%)

USB

U.S. Bancorp

$50.51

-0.17 (-0.34%)

WFC

Wells Fargo

$53.00

-0.5 (-0.93%)

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JNS

Janus Capital

$13.15

-0.07 (-0.53%)

13:27
04/22/17
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Janus Capital to host special shareholder meeting »

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ABT

Abbott

$43.53

-0.45 (-1.02%)

, ABBV

AbbVie

$63.82

0.04 (0.06%)

04:55
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Conference/Events
National Kidney Foundation to hold clinical meeting »

NKF 2017 Spring Clinical…

ABT

Abbott

$43.53

-0.45 (-1.02%)

ABBV

AbbVie

$63.82

0.04 (0.06%)

ALXN

Alexion

$116.82

-1.9 (-1.60%)

AMGN

Amgen

$160.41

-1.63 (-1.01%)

BAX

Baxter

$52.88

-0.01 (-0.02%)

GSK

GlaxoSmithKline

$40.78

0.07 (0.17%)

HZNP

Horizon Pharma

$14.99

-0.25 (-1.64%)

MNK

Mallinckrodt

$43.52

-1.41 (-3.14%)

MRK

Merck

$61.89

-0.66 (-1.06%)

AUPH

Aurinia Pharmaceuticals

$7.11

0.11 (1.57%)

NXTM

NxStage Medical

$27.90

-0.19 (-0.68%)

PLX

Protalix

$1.02

0.02 (2.00%)

RTRX

Retrophin

$18.47

-0.37 (-1.96%)

SNY

Sanofi

$44.09

-0.7 (-1.56%)

SHPG

Shire

$171.94

0.08 (0.05%)

TKPYY

Takeda Pharmaceutical Co. Ltd.

$24.29

0.215 (0.89%)

03/08/13
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