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PH

Parker-Hannifin

$174.30

1.77 (1.03%)

, ETN

Eaton

$81.19

-0.36 (-0.44%)

08:39
08/07/18
08/07
08:39
08/07/18
08:39

Morgan Stanley to hold a bus tour

Cleveland Bus Tour travels throughout Cleveland, Ohio on August 7.

PH

Parker-Hannifin

$174.30

1.77 (1.03%)

ETN

Eaton

$81.19

-0.36 (-0.44%)

LECO

Lincoln Electric

$93.87

0.54 (0.58%)

  • 07

    Aug

PH Parker-Hannifin
$174.30

1.77 (1.03%)

08/06/18
08/06/18
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. Comcast (CMCSA) upgraded to Overweight from Neutral at Atlantic Equities with analyst Hamilton Faber saying he believes "the bulk of the M&A storm" has passed. 2. Qualcomm (QCOM) upgraded to Outperform from Market Perform at Cowen with analyst Matthew Ramsay citing the company's $30B buyback and saying he believes the shares offer a compelling risk/reward with effects of lower spending, solid customer performance, and potential QTL resolutions. 3. Square (SQ) upgraded to Buy from Neutral at Buckingham with analyst Chris Brendler saying the Q2 strong results reduced his concerns about high valuation and competition and said there is no reason why Square will not continue to report better-then-expected core revenue growth into 2020. 4. Parker-Hannifin (PH) upgraded to Outperform from In Line at Evercore ISI with analyst David Raso saying the company's recent operational struggles are behind it with this quarters report and views 2019 guidance as conservative. 5. Intercept (ICPT) upgraded to Buy from Sell at Goldman Sachs with analyst Salveen Richter saying Ocaliva in fatty liver disease nonalcoholic steatohepatitis is the crux of Intercept's value proposition and that he's positive into the Phase 3 Regenerate interim readout in the first half of 2019. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/06/18
EVER
08/06/18
UPGRADE
Target $196
EVER
Outperform
Parker-Hannifin upgraded to Outperform at Evercore ISI
As previously reported Evercore ISI upgraded Parker-Hannifin to Outperform from In Line and raised its price target to $196 from $187. Analyst David Raso said the company's recent operational struggles are behind it with this quarters report and views 2019 guidance as conservative. Raso also said Parker's debt reduction from the Clarcor acquisitions is occurring earlier than expected allowing management to "lean-froward" again with the use of its cash flow and balance sheet in the M&A market. The analyst believes the cycle has more duration and Parker shares should close the discount to the S&P 500, not widen it.
08/06/18
EVER
08/06/18
UPGRADE
EVER
Outperform
Parker-Hannifin upgraded to Outperform from In Line at Evercore ISI
08/03/18
FBCO
08/03/18
NO CHANGE
Target $201
FBCO
Outperform
Parker-Hannifin price target cut to $201 from $214 at Credit Suisse
Credit Suisse analyst Jamie Cook maintained an Outperform rating on Parker Hannifin but lowered her price target to $201 from $214 after the company reported Q4 results that beat the consensus and provided an outlook for fiscal 2019 that was 3% below the Street at the midpoint. Similar to other industrial companies, Cook contends that Parker Hannifin continues to see broad-based strength across most all industrial markets reflected in order rates which were "very solid" at 8% in total, and notes that PH guided to organic sales up 2.3%-5.1%, which seems "very reasonable."
ETN Eaton
$81.19

-0.36 (-0.44%)

05/18/18
05/18/18
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. PayPal (PYPL) assumed with a Buy from Neutral at UBS with analyst Eric Wasserstrom saying PayPal will benefit from sustained volume growth given the growing engagement from merchants and consumers. 2. Yelp (YELP) upgraded to Buy from Neutral at B. Riley FBR with analyst Sameet Sinha saying the company's opportunity in Request-a-Quote should drive a multiyear acceleration in revenue. 3. Marriott (MAR) and Host Hotels (HST) were upgraded to Outperform from In Line at Evercore ISI while Hilton (HLT) and Sunstone Hotel (SHO) were upgraded to In Line from Underperform. 4. Eaton (ETN) upgraded to Buy from Neutral at BofA/Merrill with analyst Andrew Obin saying he is more constructive on Eaton's core growth given the solid industrial macro backdrop, and improved visibility on Electrical Systems & Services segment growth. 5. Williams (WMB) upgraded to Outperform from Sector Perform at Scotiabank. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/18/18
05/18/18
UPGRADE
Target $90

Buy
Eaton upgraded to Buy on growth pick-up at BofA/Merrill
As previously reported, BofA/Merrill upgraded Eaton to Buy from Neutral and raised his price target to $90 from $85. Analyst Andrew Obin is more constructive on Eaton's core growth given the solid industrial macro backdrop, and improved visibility on Electrical Systems & Services segment growth. The analyst said Eaton is staying ahead of the curve on raw material cost inflation with pricing, which should reduce earnings concerns for the balance of the year.
08/01/18
WELS
08/01/18
NO CHANGE
Target $92
WELS
Outperform
Eaton price target raised to $92 from $85 at Wells Fargo
Wells Fargo analyst Andrew Casey raised his price target for Eaton to $92 from $85 on modestly increased 2018 and 2019 expectations. The analyst reiterates an Outperform rating on the shares.
07/12/18
DBAB
07/12/18
UPGRADE
Target $86
DBAB
Buy
Eaton resumed with a Buy from Hold at Deutsche Bank
Deutsche Bank analyst Nicole DeBlase resumed coverage of Eaton with a Buy rating and $86 price target, an upgrade from her firm's prior Hold rating. The analyst prefers "late-cycle CapEx-driven exposure" given "strong prospects" for continued capital spending growth over the next several years.
LECO Lincoln Electric
$93.87

0.54 (0.58%)

01/16/18
STFL
01/16/18
UPGRADE
STFL
Buy
Lincoln Electric upgraded to Buy from Hold at Stifel
04/24/18
WLSD
04/24/18
UPGRADE
WLSD
Gradually Accumulate
Lincoln Electric upgraded to Gradually Accumulate from Hold at Wellington Shields
03/12/18
KEYB
03/12/18
UPGRADE
Target $110
KEYB
Overweight
Lincoln Electric upgraded to Overweight from Sector Weight at KeyBanc
KeyBanc analyst Steve Barger upgraded Lincoln Electric to Overweight with a $110 price target after hosting meetings with management. An industrial improving cycle, benefits from the Liquide integration, and increased earnings and cash flow from Lincoln's "high-quality, high-return franchise" creates an attractive investment opportunity, Berger tells investors in a research note.
01/16/18
01/16/18
UPGRADE
Target $116

Buy
Lincoln Electric upgraded to Buy on 'unappreciated' tax cut benefits at Stifel
As previously reported, Stifel analyst Nathan Jones upgraded Lincoln Electric to Buy from Hold, as he believes Lincoln will see about a 15% boost to EPS and free cash flow from recent tax cuts though the stock price "appears to have ignored" this potential boost in recent weeks as the Tax Cuts and Jobs Act got passed. Jones raised his price target on Lincoln Electric shares to $116 from $97 to account for his increased estimates.

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