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PCAR

Paccar

$65.36

-0.34 (-0.52%)

, NAV

Navistar

$31.80

1.74 (5.79%)

08:42
12/22/16
12/22
08:42
12/22/16
08:42

EU commercial vehicle registrations up 13.2% in November, ACEA reports

In November, demand for new commercial vehicles in the EU increased 13.2% to 203,799 units, said the European Automobile Manufacturers Association. Growth was sustained across all segments and all major markets. The Italian market posted the highest increase or 70.2%, followed by 15% in France, about 14% in Spain, and nearly 4% in the U.K., noted the ACEA. Truck makers and suppliers include Daimler AG (DDAIF), Paccar (PCAR), CNH Industrial (CNHI), Navistar (NAV), Cummins (CMI) and Allison Transmission (ALSN).

PCAR

Paccar

$65.36

-0.34 (-0.52%)

NAV

Navistar

$31.80

1.74 (5.79%)

CMI

Cummins

$138.70

0.7 (0.51%)

ALSN

Allison Transmission

$34.20

-0.26 (-0.75%)

DDAIF

Daimler AG

$74.29

0.59 (0.80%)

CNHI

CNH Industrial

$8.69

0.06 (0.70%)

PCAR Paccar
$65.36

-0.34 (-0.52%)

10/07/16
OTRG
10/07/16
UPGRADE
OTRG
Mixed
PACCAR upgraded to Mixed from Negative at OTR Global
12/09/16
JPMS
12/09/16
UPGRADE
Target $60
JPMS
Neutral
PACCAR upgraded to Neutral from Underweight at JPMorgan
JPMorgan analyst Ann Duignan upgraded PACCAR to Neutral saying that while she believes North America truck fundamentals will remain weak into 2017, they may turn positive in 2018. The analyst raised her price target for the shares to $60 from $50.
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.
NAV Navistar
$31.80

1.74 (5.79%)

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.
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.
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.
CMI Cummins
$138.70

0.7 (0.51%)

12/01/16
12/01/16
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. Cummins (CMI) downgraded to Outperform from Buy at CLSA with analyst Kristine Kubacki citing valuation. 2. Cerner (CERN) downgraded to Market Perform from Outperform at Leerink with analyst David Larsen saying he believes there are several macro-headwinds putting pressure on the company's business model that he does not expect to alleviate any time soon. 3. McDonald's (MCD) and Wendy's (WEN) downgraded to Neutral from Buy at Guggenheim. 4. QuintilesIMS (Q) was downgraded to Market Perform from Strong Buy at Raymond James and to Market Perform from Outperform at William Blair. 5. National Oilwell (NOV) downgraded to Sell from Neutral at Seaport Global with analyst Richard Hastings citing premium valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/01/16
12/01/16
DOWNGRADE
Target $150

Outperform
Cummins downgraded to Outperform on valuation at CLSA
As previously reported, CLSA downgraded Cummins to Outperform from Buy. Analyst Kristine Kubacki changed her rating citing valuation and maintained its $150 price target.
12/01/16
LYON
12/01/16
DOWNGRADE
LYON
Outperform
Cummins downgraded to Outperform from Buy at CLSA
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.
ALSN Allison Transmission
$34.20

-0.26 (-0.75%)

12/01/16
WBLR
12/01/16
NO CHANGE
WBLR
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.
12/09/16
PIPR
12/09/16
DOWNGRADE
Target $30
PIPR
Underweight
Allison Transmission downgraded to Underweight from Neutral at Piper Jaffray
Piper Jaffray analyst Alexander Potter downgraded Allison Transmission to Underweight citing valuation with the stock at an all-time high and the competitive threat from electric drivetrains. The coming proliferation of electric vehicles will reduce demand for automatic transmissions, ultimately decreasing Allison's "already low" odds of growing in under-penetrated regions, Potter tells investors in a research note. He raised his price target for the shares to $30 from $28.
12/09/16
JPMS
12/09/16
UPGRADE
Target $38
JPMS
Overweight
Allison Transmission upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Ann Duignan upgraded Allison Transmission to Overweight citing valuation and the company's exposure to North America construction and municipal markets, which she believes should support sales of medium-duty vocational vehicles. The analyst raised her price target for Allison shares to $38 from $28. Piper Jaffray this morning downgraded the shares to Underweight from Neutral.
12/13/16
MACQ
12/13/16
INITIATION
Target $37
MACQ
Neutral
Allison Transmission initiated with a Neutral at Macquarie
Macquarie analyst Sameer Rathod initiated Allison Transmission with a Neutral and a $37 price target citing full valuation.
DDAIF Daimler AG
$74.29

0.59 (0.80%)

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.
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.
11/22/16
BREN
11/22/16
INITIATION
BREN
Sell
Daimler AG reinitiated with a Sell at Berenberg
Price target EUR 53.
CNHI CNH Industrial
$8.69

0.06 (0.70%)

11/28/16
PIPR
11/28/16
UPGRADE
Target $8
PIPR
Neutral
CNH Industrial upgraded to Neutral from Underweight at Piper Jaffray
Piper Jaffray analyst Brett Wong upgraded CNH Industrial and others in the Agriculture space to Neutral saying investors will likely continue to pay "lofty multiples" since a bottom of the cycle is close. The analyst raised his price target for the shares to $8 from $5.
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.

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$14.01

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CRM

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MXIM

Maxim Integrated

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UNM

Unum Group

$47.84

0.51 (1.08%)

17:32
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FTK

Flotek

$5.50

-0.1 (-1.79%)

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CRM

Salesforce

$92.95

1.19 (1.30%)

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THO

Thor Industries

$103.90

0.45 (0.43%)

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GOOG

Alphabet

$924.69

18.03 (1.99%)

, GOOGL

Alphabet Class A

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VNET

21Vianet

$4.58

0.03 (0.66%)

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RTNB

root9B Technologies

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GPT

Gramercy Property Trust

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GPT

Gramercy Property Trust

$29.13

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WIFI

Boingo Wireless

$19.57

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  • 13

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RTNB

root9B Technologies

$2.98

1.72 (136.51%)

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PTHN

Patheon

$34.96

-0.04 (-0.11%)

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Thermo Fisher

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$34.96

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TMO

Thermo Fisher

$176.79

2.78 (1.60%)

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  • 06

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SNCR

Synchronoss

$16.71

-0.08 (-0.48%)

16:46
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CRM

Salesforce

$92.95

1.19 (1.30%)

16:38
08/22/17
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16:38
Earnings
Salesforce raises FY18 adjusted EPS view to $1.29-$1.31 from $1.28-$1.30 

FY18 consensus $1.30.

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  • 22

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16:36
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General news
API crude inventories for week of August 18 »

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VNRX

VolitionRx

$2.46

0.01 (0.41%)

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  • 20

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ABG

Asbury Automotive

$51.25

0.4 (0.79%)

, GPI

Group 1 Automotive

$54.86

-0.08 (-0.15%)

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Asbury Automotive announces CEO succession plan »

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ABG

Asbury Automotive

$51.25

0.4 (0.79%)

GPI

Group 1 Automotive

$54.86

-0.08 (-0.15%)

PAG

Penske Automotive

$40.00

0.3 (0.76%)

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