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DDAIF

Daimler AG

$68.16

-1.7501 (-2.50%)

, PCAR

PACCAR

$61.98

1.23 (2.02%)

07:27
11/25/16
11/25
07:27
11/25/16
07:27

EU commercial vehicle registrations down 2.4% in October, ACEA reports

In October, demand for new commercial vehicles in the EU decreased by 2.4% to 185,055 units, breaking a 21-month trend of consecutive growth, said the European Automobile Manufacturers Association. The decline affected all segments and all major markets, except for Italy, noted the ACEA. Truck makers and suppliers include Daimler AG (DDAIF), Paccar (PCAR), CNH Industrial (CNHI), Navistar (NAV), Cummins (CMI) and Allison Transmission (ALSN).

DDAIF

Daimler AG

$68.16

-1.7501 (-2.50%)

PCAR

PACCAR

$61.98

1.23 (2.02%)

CNHI

CNH Industrial

$8.63

0.4 (4.86%)

NAV

Navistar

$31.07

0.71 (2.34%)

CMI

Cummins

$140.80

1.45 (1.04%)

ALSN

Allison Transmission

$32.51

0.37 (1.15%)

  • 29

    Nov

DDAIF Daimler AG
$68.16

-1.7501 (-2.50%)

10/24/16
SOCG
10/24/16
DOWNGRADE
SOCG
Hold
Daimler AG downgraded to Hold from Buy at Societe Generale
Societe Generale downgraded Daimler AG to Hold citing valuation following the recent rally. The firm raised its price target for the shares to EUR 70 from EUR 68.
11/22/16
BREN
11/22/16
INITIATION
BREN
Sell
Daimler AG reinitiated with a Sell at Berenberg
Price target EUR 53.
06/29/16
EVER
06/29/16
DOWNGRADE
EVER
Sell
Daimler AG downgraded to Sell from Hold at Evercore ISI
08/09/16
JEFF
08/09/16
INITIATION
JEFF
Hold
Daimler AG initiated with a Hold at Jefferies
Jefferies analyst Philippe Houchois started Daimler AG with a Hold rating and EUR 65 price target.
PCAR PACCAR
$61.98

1.23 (2.02%)

09/30/16
LYON
09/30/16
INITIATION
Target $65
LYON
Outperform
PACCAR initiated with an Outperform at CLSA
CLSA analyst Kristine Kubacki initiated PACCAR with an Outperform and a $65 price target saying fundamentals are now well known by investors and the North American market is approaching a trough. He views valuation as attractive for this high quality company with solid cash flow.
10/20/16
10/20/16
NO CHANGE

September NA Class 8 truck data a negative, says Seaport Global
Seaport Global analyst Michael Shlisky said September North American truck data is a negative for the Class 8 sector. Class 8 sales declined 24% year-over-year, versus down 28% in Q3, while production declined 36%, down 35% in Q3, and orders declined 29%, versus down 40% in Q3. The analyst said PACCAR production was inline with his model for the quarter and continues to view the company as best positioned in the current environment.
10/07/16
10/07/16
UPGRADE

Mixed
Follow-up: PACCAR upgraded to Mixed on share gains at OTR Global
As previously reported, OTR Global upgraded PACCAR to Mixed from Negative. The firm's checks indicate PACCAR is gaining in Western Europe, Brazil due to aggressive pricing.
10/07/16
OTRG
10/07/16
UPGRADE
OTRG
Mixed
PACCAR upgraded to Mixed from Negative at OTR Global
CNHI CNH Industrial
$8.63

0.4 (4.86%)

09/07/16
09/07/16
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Navistar (NAV) initiated with a Hold at Deutsche Bank. 2. Barrick Gold (ABX) initiated with a Sell at Berenberg while the firm initiated Randgold (GOLD), Kinross Gold (KGC), and Goldcorp (GG) with a Hold. 3. 3. After the close on Tuesday, Deutsche Bank analysts Nicole DeBlase, Saree Boroditsky, and Kevin Marek initiated the U.S. Machinery group with a "cautious view." Oshkosh (OSK), Caterpillar (CAT), and Wabtec (WAB) were initiated with Buy ratings at Deutsche Bank, while the firm initiated Cummins (CMI) and CNH Industrial (CNHI) with Sell ratings. The firm also initiated Deere (DE), AGCO (AGCO), Terex (TEX), PACCAR (PCAR), WABCO (WBC), and United Rentals (URI) with Hold ratings. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/11/16
DBAB
11/11/16
NO CHANGE
Target $102
DBAB
Buy
Deustche says infrastructure upside not fully priced into Machinery names
Deutsche Bank analyst Nicole DeBlase expects infrastructure stimulus to be more of a 2018 "earnings tailwind" with legislation unlikely until the spring of 2017 at the earliest. She's skeptical that the rally in Machinery stocks can continue for an extended amount of time, but feels only 50% of the total benefit has been priced in, to date. Caterpillar (CAT) is the best way to play a U.S. infrastructure stimulus, DeBlase tells investors in a research note. She raised her price target for the shares to $102 from $95. The analyst also raised her price target for Buy-rated Oshkosh (OSK) to $72 from $65, for Hold-rated Deere (DE) to $95 from $90 and for Sell-rated CNH Industrial (CNHI) to $7.20 from $6.24.
09/06/16
DBAB
09/06/16
INITIATION
DBAB
Deutsche Bank starts U.S. Machinery group with 'cautious view'
Deutsche Bank analysts Nicole DeBlase, Saree Boroditsky, and Kevin Marek initiated the U.S. Machinery group with a "cautious view." While the analysts see the natural resource markets as having bottomed, they also only expect "low-single digit industry organic growth through 2020." The team's top pick is Caterpillar (CAT), and they are also positive on Oshkosh Corp (OSK) and Wabtec (WAB), all of which are Buy rated, but are negative on CNH Industrial (CNHI) and Cummins (CMI), which are Sell rated.
09/06/16
DBAB
09/06/16
INITIATION
Target $6.38
DBAB
Sell
CNH Industrial initiated with a Sell at Deutsche Bank
Target $6.38.
NAV Navistar
$31.07

0.71 (2.34%)

09/09/16
WELS
09/09/16
NO CHANGE
WELS
Navistar 'making progress' on turnaround, says Wells Fargo
After Navistar reported weaker than expected results but reiterated its full-year guidance, Wells Fargo says that "some" of Navistar's "more severe risks appear to be fading." The firm says that Navistar's deal with Volkswagen (VLKAY) will reduce its liquidity risk, but Wells thinks that Navistar's end market continues to be "weak." The firm raised its price target range on the stock to $17-$20 from $11-$14 but keeps a Market Perform rating on the shares.
09/09/16
GSCO
09/09/16
UPGRADE
Target $20
GSCO
Neutral
Navistar upgraded to Neutral from Sell at Goldman
Goldman Sachs analyst Jerry Revich upgraded Navistar International (NAV) to Neutral saying liquidity risk is "meaningfully reduced" with the capital injection from Volkswagen (VLKAY). Revich raised his price target for the shares to $20 from $2. He believes the near-term risk/reward for the stock is balanced.
CMI Cummins
$140.80

1.45 (1.04%)

11/07/16
11/07/16
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. Time Warner (TWX) upgraded to Outperform from Neutral at Credit Suisse with analyst Omar Sheikh citing attractive valuation. 2. Waste Management (WM) upgraded to Overweight from Equal Weight at Barclays with analyst Jon Windham saying the recent pullback in shares provides a buying opportunity given the company's "strong" underlying fundamentals. 3. Parker-Hannifin (PH) upgraded to Buy from Hold at Evercore ISI and to Overweight from Equal Weight at Morgan Stanley. 4. Biogen (BIIB) upgraded to Overweight from Neutral at Piper Jaffray with analyst Joshua Schimmer saying the company still has time to "get its act together to maximize the value of its SMA franchise, and stop being M&A disciplined/pipeline-undisciplined." 5. Cummins (CMI) upgraded to Buy from Hold at Evercore ISI with analyst David Raso citing lowered expectations, valuation, and accelerating inflation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/07/16
EVER
11/07/16
UPGRADE
EVER
Buy
Cummins upgraded to Buy from Hold at Evercore ISI
Evercore ISI analyst David Raso upgraded Cummins to Buy and raised its price target to $144 from $114 based on lowered expectations, valuation, and accelerating inflation. The analyst said Cummins' heavy exposure to emerging markets and expectations that 2018 North America heavy truck markets will return to growth are a key driver for the upgrade.
10/11/16
10/11/16
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. Twitter (TWTR) upgraded to Hold from Sell at Evercore ISI with analyst Ken Sena citing the recent pullback in the shares. 2. Tyson Foods (TSN) upgraded to Outperform from Market Perform at BMO Capital with analyst Kenneth Zaslow saying he thinks that the company's "strong underlying fundamentals" should enable its fiscal 2017 profits to beat expectations, and he says that the shares are undervalued. 3. Virgin America (VA) upgraded to Neutral from Underweight at JPMorgan with analyst Jamie Baker saying regulatory approval of the pending Alaska Air (ALK) takeover "remains more likely than not." 4. Cummins (CMI) was upgraded to Conviction Buy from Neutral and Caterpillar (CAT) was upgraded to Buy from Neutral at Goldman. 5. Carbonite (CARB) upgraded to Outperform from Perform at Oppenheimer with analyst Brian Schwartz saying he sees "substantial upside" from current levels due to valuation and fundamentals. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/11/16
GSCO
10/11/16
UPGRADE
Target $162
GSCO
Conviction Buy
Cummins upgraded to Conviction Buy from Neutral at Goldman
Goldman analyst Jerry Revich upgraded CMI to Conviction Buy from Neutral saying he expects structurally higher margins in this cycle. The analyst said key end markets are bottoming, margins are well above prior cycle trough, and sees further upside to margin expectations driven by the Power Systems restructuring. Revich raised Cummins' price target to $162 from $134 based on mid-cycle valuation and the catalyst of new electronic logging standards that suggest potential US and international truck demand should begin to normalize.
ALSN Allison Transmission
$32.51

0.37 (1.15%)

09/06/16
DBAB
09/06/16
INITIATION
Target $30
DBAB
Hold
Allison Transmission initiated with a Hold at Deutsche Bank
Target $30.
09/30/16
LYON
09/30/16
INITIATION
Target $31
LYON
Outperform
Allison Transmission initiated with an Outperform at CLSA
CLSA analyst Kristine Kubacki initiated Allison Transmission with an Outperform and a $31 price target saying new market opportunities, further margin expansion and an free cash flow yield in excess of 10%
09/07/16
FBCO
09/07/16
NO CHANGE
FBCO
Progressive, U.S. Silica and Zoetis added to US Focus List at Credit Suisse
Credit Suisse added Progressive (PGR), U.S. Silica (SLCA) and Zoetis (ZTS) to the US Focus List and removed Allison Transmission (ALSN) from the US Focus List and Sealed Air (SEE) from the US Focus List and Global Focus List
06/14/16
STFL
06/14/16
DOWNGRADE
STFL
Hold
Allison Transmission downgraded on valuation, growth outlook at Stifel
As noted earlier, Stifel downgraded Allison Transmission to Hold from Buy. As reasons for the downgrade, the firm cited valuation and its belief that the company's growth will likely be "muted" in 2017-2018.

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RHHBY

Roche

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BDC

Belden

$74.99

0.9 (1.21%)

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SGMO

Sangamo

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SGEN

Seattle Genetics

$66.26

-0.44 (-0.66%)

, BMY

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$55.55

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SGEN

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$66.26

-0.44 (-0.66%)

BMY

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$55.55

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LGIH

LGI Homes

$32.34

0.45 (1.41%)

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CELG

Celgene

$116.56

-1.07 (-0.91%)

19:36
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  • 06

    Dec

BLUE

bluebird bio

$72.15

2.4 (3.44%)

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AGIO

Agios Pharmaceuticals

$49.88

-7.09 (-12.45%)

19:33
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MRK

Merck

$60.25

-0.88 (-1.44%)

19:31
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TWX

Time Warner

$93.34

-0.46 (-0.49%)

, T

AT&T

$38.63

0.02 (0.05%)

19:29
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Periodicals
Time Warner 'struggling to expand' HBO Now, NY Post says »

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TWX

Time Warner

$93.34

-0.46 (-0.49%)

T

AT&T

$38.63

0.02 (0.05%)

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BP

BP

, REPYY

Repsol

$13.88

0.25 (1.83%)

19:18
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Periodicals
BP acquires Repsol stake in Indonesia LNG plant, Reuters says »

BP (BP) has purchased…

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REPYY

Repsol

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FOSUF

Fosun

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VZ

Verizon

$49.75

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, YHOO

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$49.75

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YHOO

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$40.20

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TUWOY

Tullow Oil

$2.06

0.109 (5.58%)

18:46
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Downgrade
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GBNK

Guaranty Bancorp

$22.15

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ATKR

Atkore

$20.48

-0.18 (-0.87%)

18:41
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Syndicate
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UTX

United Technologies

$107.42

-0.8 (-0.74%)

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IPDN

Professional Diversity Network

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DHXM

DHX Media

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TPHS

Trinity Place

$10.02

0.08 (0.80%)

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SU

Suncor

$32.46

0.23 (0.71%)

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XLRN

Acceleron

$34.90

-1.39 (-3.83%)

, CELG

Celgene

$116.56

-1.07 (-0.91%)

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Acceleron Pharma (XLRN)…

XLRN

Acceleron

$34.90

-1.39 (-3.83%)

CELG

Celgene

$116.56

-1.07 (-0.91%)

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SNSS

Sunesis

$4.02

0.12 (3.08%)

17:54
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