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GE

General Electric

, CR

Crane

09:20
12/01/16
12/01
09:20
12/01/16
09:20

General Electric, Crane among top industrial picks at William Blair

William Blair named GE (GE), Crane (CR), HD Supply (HDS), Allison Transmission (ALSN), Electronics for Imaging (EFII), and Ritchie Bros. (RBA) as its top industrial picks for 2017. It identified GE as its top multi-industry pick, HD Supply as its top distributor pick, Allison as its top capital goods pick, Crane as its top Engineered Equipment, Engineering & Construction pick, Electronics for Imaging as its top Filtration & Water Management; Industrial Technology pick, and Ritchie Bros as its top transportation and logistics pick.

GE

General Electric

CR

Crane

HDS

HD Supply

$39.24

0.75 (1.95%)

ALSN

Allison Transmission

EFII

Electronics for Imaging

RBA

Ritchie Bros.

  • 01

    Dec

  • 01

    Dec

  • 06

    Dec

  • 07

    Dec

  • 08

    Dec

  • 08

    Dec

GE General Electric

11/01/16
ARGS
11/01/16
NO CHANGE
ARGS
Baker Hughes price target raised to $65 from $56 at Argus
Argus analyst Bill Selesky raised his price target on Baker Hughes (BHI) after the company agreed to combine with GE's (GE) oil and gas unit. The analyst expects the new company to compete more effectively with Halliburton (HAL) and Schlumberger (SLB). He expects Baker Hughes to be boosted by GE's digital technology, and keeps a Buy rating on Baker Hughes.
11/21/16
SUSQ
11/21/16
NO CHANGE
Target $70
SUSQ
Positive
Baker Hughes price target raised to $70 from $64 at Susquehanna
Susquehanna analyst Charles Minervino raised his price target on Baker Hughes (BHI) to $70 from $64 as he believes the share price is still not adequately reflecting the premium paid by General Electric (GE). He believes the assumptions laid out by GE in its presentation to sell the deal were conservative. Minervino reiterated his Positive rating on Baker Hughes shares.
11/29/16
WELS
11/29/16
NO CHANGE
WELS
Baker Hughes merger looking 'more favorable,' says Wells Fargo
After further analyzing the merger between Baker Hughes (BHI) and GE's (GE) Oil & Gas unit, Wells Fargo has become more upbeat about the new company's outlook. Specifically, it contends that the new company "has a higher percentage of relatively stable aftermarket service revenue than the market appreciates... along with less-volatile revenue streams and higher margins from Digital Solutions and Downstream Technology." The firm is upbeat about the combined company's longer term outlook, and it thinks that the company's cost synergies will come in above expectations. Wells raised its price target range on Baker Hughes to $69-$71 and keeps an Outperform rating on the stock.
11/28/16
BERN
11/28/16
NO CHANGE
BERN
Boeing new executive to bring outside perspective, says Bernstein
Bernstein analyst Douglas Hamed says that the new CEO of Boeing Commercial Aircraft, Kevin McAllister, "should bring a perspective about competitors and aircraft services that Boeing (BA) lacks today," since he has been working at GE (GE). The analyst notes that Boeing's commercial unit has to make new decisions about its platform and is looking to launch a new services business. McAllister keeps a $176 price target and an Outperform rating on Boeing.
CR Crane

07/29/16
BOFA
07/29/16
UPGRADE
BOFA
Neutral
Crane upgraded to Neutral from Underperform at BofA/Merrill
11/16/16
OPCO
11/16/16
INITIATION
OPCO
Perform
Crane initiated with a Perform at Oppenheimer
Oppenheimer analyst Jim Giannakouros started Crane with a Perform rating, saying the company's strong competitive position across its operating platforms is offset by its asbestos liability.
05/26/16
05/26/16
INITIATION
Target $62

Buy
Crane initiated with a Buy at Topeka
Topeka analyst James Kawai initiated Crane with a Buy and $62 price target. The analyst said Crane has completed its transition into an integrated multi-industry company and is positioned to drive more consistent productivity and margin gains. Further, Kawai sees enhanced value creation opportunities as legacy asbestos, environmental and pension outflows moderate.
04/27/16
UBSW
04/27/16
DOWNGRADE
Target $57
UBSW
Neutral
Crane downgraded to Neutral from Buy at UBS
UBS analyst Shannon O'Callaghan downgraded Crane to Neutral saying there isn't enough in the company's Q1 results to warrant a Buy rating following the recent rally in the shares. The analyst raised Crane's price target to $57 from $52. O'Callaghan still sees further potential downside risk to Fluid margins.
HDS HD Supply
$39.24

0.75 (1.95%)

09/09/16
FBCO
09/09/16
NO CHANGE
Target $39
FBCO
Outperform
HD Supply weakness presents a buying opportunity, says Credit Suisse
Credit Suisse analyst Andrew Buscaglia believes HD Supply's execution issues in Facilities Maintenance are temporary. The analyst said HD Supply underordered ahead of the selling season, then panicked and overordered, resulting in an inventory glut. Buscaglia said his Outperform thesis remains intact and encourages holders not to give up and for new investors to take a look. He expects the company to outgrowth the market through share gains, especially as supply chain issues dissipate.
09/20/16
09/20/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Ford (F) downgraded to Neutral from Buy at Buckingham with analyst Joseph Amaturo saying he believes North American volume and pricing trends for trucks will deteriorate and is concerned that the passenger car market will remain challenged given stiff competition from Japanese and European OEMs that can heavily discount due to weak currencies. 2. General Mills (GIS) downgraded to Underperform from Neutral at Consumer Edge. 3. Ascena Retail (ASNA) downgraded to Sector Perform from Outperform at RBC Capital and to Perform from Outperform at Oppenheimer. 4. Avnet (AVT) downgraded to Hold from Buy at Stifel and to Sell from Hold at Cross Research. 5. HD Supply (HDS) downgraded to Sector Perform from Outperform at RBC Capital with analyst Deane Dray saying it will take several quarters for the company to address its supply chain errors, and she expects the stock "to stay range bound over the medium term." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/20/16
RBCM
09/20/16
DOWNGRADE
RBCM
Sector Perform
HD Supply downgraded on supply chain issues at RBC Capital
As noted earlier, RBC Capital downgraded HD Supply to Sector Perform from Outperform. Analyst Deane Dray says that it will take several quarters for the company to address its supply chain errors, and she expects the stock "to stay range bound over the medium term." Target to $35 from $43.
09/20/16
RBCM
09/20/16
DOWNGRADE
RBCM
Sector Perform
HD Supply downgraded to Sector Perform from Outperform at RBC Capital
ALSN Allison Transmission

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%
09/06/16
DBAB
09/06/16
INITIATION
Target $30
DBAB
Hold
Allison Transmission initiated with a Hold at Deutsche Bank
Target $30.
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.
EFII Electronics for Imaging

09/09/16
WBLR
09/09/16
INITIATION
WBLR
Outperform
Electronics for Imaging initiated with an Outperform at William Blair
William Blair analyst Brian Drab started Electronics for Imaging with an Outperform rating.
10/25/16
BMUR
10/25/16
NO CHANGE
Target $60
BMUR
Buy
Electronics for Imaging core thesis remains intact, says Brean Capital
Brean Capital analyst Ananda Baruah noted Electronics for Imaging reported mixed Q3 results but said the core thesis remains intact. Baruah said the core inkjet business grew 17% organically but the Fiery softness was a bother given recent stock optics. The analyst is not sure how the stock will react but recommends buying on any weakness. Baruah reiterated a Buy rating and $60 price target on Electronics for Imaging shares.
10/25/16
SBSH
10/25/16
NO CHANGE
Target $52
SBSH
Buy
Electronics for Imaging selloff brings buying opportunity, says Citi
Citi analyst Jim Suva sees the post-earnings selloff in shares of Electronics for Imaging (EFII) as a "rare opportunity." The challenges with the company's Fiery product is directly tied to the separation occurring at Xerox (XRX) which is on track to occur the end of this year, Suva tells investors in a post-earnings research note. He calls Electronics for Imaging his top small cap stock pick. The analyst lowered his price target for the shares to $52 from $54 and keeps a Buy rating on the name.
09/27/16
NEED
09/27/16
INITIATION
Target $58
NEED
Buy
Electronics for Imaging initiated with a Buy at Needham
Needham analyst James Ricchiuti initiated Electronics for Imaging with a Buy and a $58 price target. The analyst said Electronics for Imaging has a long and successful track record of disrupting the analog printing market and sees accelerating organic growth in 2017 and 2018, benefiting from improving conditions in its core markets and growing momentum in new areas, notably the corrugated packaging printing market.
RBA Ritchie Bros.

10/03/16
NRCS
10/03/16
NO CHANGE
NRCS
Neutral
Ritchie Bros. auction proceeds estimate increased at Northcoast
Citing channel work and the announcements of "record breaking" sales auctions by Ritchie Bros. in both Ontario and Ohio, Northcoast analyst John Healy raised his estimate for Q3 Gross Auction Proceeds to 12% year-over-year growth from his prior forecast for 3% growth. The analyst, who also raised his Q3 EPS forecast to 24c from 21c per share, keeps a Neutral rating on Ritchie Bros. shares.
09/14/16
RBCM
09/14/16
NO CHANGE
RBCM
Ritchie Bros. EBITDA margin to exceed target, says RBC Capital
RBC Capital analyst Sara O'Brien expects Ritchie Bros.' EBITDA margin to exceed its 40% target, driven by operating leverage from its acquisition of IronPlanet. The analyst keeps a $40 price target and Outperform rating on the shares.
08/31/16
BARD
08/31/16
NO CHANGE
Target $39
BARD
Outperform
Ritchie Bros. price target raised to $39 from $34 at Baird
Baird analyst Craig Kennison raised his price target on Ritchie Bros. (RBA) to $39 from $34 following its announced acquisition of IronPlanet. Kennison believes the acquisition is a game changer as it amplifies material scale advantages, secures a Caterpillar (CAT) alliance, accelerates growth, and adds new markets. Kennison reiterated his Outperform rating on Ritchie Bros. shares.
08/31/16
08/31/16
UPGRADE

Ritchie Bros. upgraded to Buy from Hold at Thompson Research Group
Thompson Research Group analyst Nicholas Coppola upgraded Ritchie Bros. to Buy.

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PES

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Navient

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Verisk Analytics

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CMCO

Columbus McKinnon

$27.59

1.07 (4.03%)

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CLGX

CoreLogic

$37.89

-0.28 (-0.73%)

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MGP

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ASX

Advanced Semiconductor

$5.38

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Advanced Semiconductor reports Nov. revenue up 1.3% to $821M »

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ACIA

Acacia Communications

$70.14

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Novartis

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Western Digital

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F

Ford

$12.56

0.12 (0.96%)

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MU

Micron

$19.06

0.45 (2.42%)

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ANET

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DPSGY

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DLLLY

Delta Lloyd

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SSREY

Swiss Re

$23.68

0.195 (0.83%)

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ZURVY

Zurich Insurance

$26.82

0.365 (1.38%)

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AV

Aviva

$11.86

0.36 (3.13%)

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BHP

BHP Billiton

$38.34

-0.4 (-1.03%)

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