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SNA

Snap-On

$161.07

3.24 (2.05%)

, CFX

Colfax

$29.01

0.05 (0.17%)

04:55
11/08/18
11/08
04:55
11/08/18
04:55

Bard to hold a conference

48th Annual Industrial Conference will be held in Chicago on November 6-8.

SNA

Snap-On

$161.07

3.24 (2.05%)

CFX

Colfax

$29.01

0.05 (0.17%)

MGRC

McGrath RentCorp

$54.01

0.82 (1.54%)

CVA

Covanta

$15.75

0.3 (1.94%)

VMI

Valmont

$133.17

1.84 (1.40%)

TDY

Teledyne

$235.10

4.75 (2.06%)

MEI

Methode Electronics

$30.35

0.1 (0.33%)

TREX

Trex Company

$66.76

-0.73 (-1.08%)

MTSC

MTS Systems

$48.76

0.2 (0.41%)

FSTR

L.B. Foster

$21.32

0.46 (2.21%)

WERN

Werner

$33.42

0.22 (0.66%)

WTS

Watts Water

$76.83

1.83 (2.44%)

NDSN

Nordson

$129.76

3.5 (2.77%)

ZBRA

Zebra Technologies

$180.20

1.2 (0.67%)

ROAD

Construction Partners

$10.31

0.32 (3.20%)

JBHT

J.B. Hunt

$111.05

2.21 (2.03%)

C

Citi

$68.24

1.53 (2.29%)

R

Ryder

$57.43

0.81 (1.43%)

HXL

Hexcel

$61.59

2.07 (3.48%)

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SNA Snap-On
$161.07

3.24 (2.05%)

10/24/18
TIGR
10/24/18
NO CHANGE
TIGR
Buy
Snap-On pullback a buying opportunity, says Tigress Financial
Tigress Financial analyst Ivan Feinseth said he views the recent pullback in Snap-On shares as a buying opportunity, noting that the company continues to bring new products to market and drive its expansion into other industry verticals beyond the car repair market. Snap-On will keep benefiting from the ongoing complexity of new vehicles, said Feinseth, who reiterates a Buy rating on the shares.
07/24/18
NRCS
07/24/18
DOWNGRADE
NRCS
Neutral
Snap-On downgraded to Neutral on share strength at Northcoast
Northcoast analyst Tom Hayes downgraded Snap-On to Neutral from Buy citing recent price appreciation.
06/26/18
BARD
06/26/18
NO CHANGE
Target $210
BARD
Outperform
Snap-On risk/reward favorable ahead of upcoming inflection, says Baird
Baird analyst David Leiker said the risk/reward for Snap-On is favorable ahead of a second half inflection of organic growth for the company's Tools Group. He sees a re-acceleration in organic growth at a time when Industrials are slowing, which can help narrow Snap-On's discount to the group and push the stock back above $200. Leiker reiterated his Outperform rating and extended its Fresh Pick designation while maintaining his $210 price target on Snap-On shares.
07/17/18
LBOW
07/17/18
NO CHANGE
LBOW
Neutral
Snap-On checks point to below-consensus Q2 for U.S. franchisees, says Longbow
Longbow analyst David Macgregor said his survey of U.S. franchisees of Snap-On points to a below-consensus quarter, as they report flat to 2% declines across core tools and that financial services originations are down 4% to 6%. He has a Neutral rating on Snap-On shares.
CFX Colfax
$29.01

0.05 (0.17%)

09/04/18
09/04/18
UPGRADE
Target $42

Outperform
Colfax upgraded to Outperform on core outlook, valuation at Oppenheimer
As previously reported, Oppenheimer analyst Bryan Blair upgraded Colfax to Outperform from Perform, with a $42 price target. Given the company's strengthening core outlook and discounted valuation, the analyst likes the near-term setup for shares.
08/20/18
MSCO
08/20/18
INITIATION
Target $34
MSCO
Equal Weight
Colfax initiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Joshua Pokrzywinski initiated Colfax with an Equal Weight rating and a price target of $34.
10/29/18
OPCO
10/29/18
NO CHANGE
Target $37
OPCO
Outperform
Colfax price target lowered to $37 from $42 at Oppenheimer
Oppenheimer analyst Bryan Blair lowered his price target for Colfax to $37 from $42 following quarterly results. The analyst reiterates an Outperform rating on the shares.
09/04/18
OPCO
09/04/18
UPGRADE
OPCO
Outperform
Colfax upgraded to Outperform from Perform at Oppenheimer
MGRC McGrath RentCorp
$54.01

0.82 (1.54%)

09/19/18
BREN
09/19/18
INITIATION
Target $70
BREN
Buy
McGrath RentCorp initiated with a Buy at Berenberg
Berenberg analyst Sam England initiated McGrath RentCorp with a Buy and $70 price target saying he believes the company has an opportunity to streamline its three discrete businesses by disposing of its electrical testing equipment business, TRS-RenTelco, and allocating capital to the core mobile modular and tank storage operations.
CVA Covanta
$15.75

0.3 (1.94%)

01/07/18
GSCO
01/07/18
UPGRADE
Target $16
GSCO
Neutral
Covanta upgraded to Neutral from Sell at Goldman Sachs
Goldman Sachs analyst Brian Lee upgraded Covanta Holding to Neutral and raised his price target for the shares to $16 from $15. The analyst believes the company's recent de-levering and operational updates at key facilities improve its longer term risk/reward profile. He sees higher downside risk elsewhere in the sector.
03/14/18
UBSW
03/14/18
INITIATION
Target $15
UBSW
Neutral
Covanta initiated with a Neutral at UBS
UBS initiated Covanta with a Neutral and $15 price target.
03/15/18
UBSW
03/15/18
INITIATION
Target $15
UBSW
Neutral
Covanta initiated with a Neutral at UBS
UBS analyst Jon Windham started Covanta with a Neutral rating and $15 price target when rolling out coverage last night on North American Environmental Services.
VMI Valmont
$133.17

1.84 (1.40%)

10/02/18
DADA
10/02/18
NO CHANGE
Target $170
DADA
Buy
Valmont trade issues' impact priced in, says DA Davidson
DA Davidson analyst Brent Thielman kept his Buy rating and $170 price target on Valmont after meeting with its management last week, saying the company's "renewed growth focus" highlighted the discussions. The analyst notes that while sentiment among U.S. farmers is weak due to the risk of trade tariff concerns, he sees those headwinds embedded in the valuation. Thielman recommends that growth-oriented investors consider Valmont shares as part of re-positioning of portfolios heading into 2019.
07/13/18
DADA
07/13/18
NO CHANGE
Target $170
DADA
Buy
Valmont price target lowered to $170 from $180 at DA Davidson
DA Davidson analyst Brent Thielman lowered his price target on Valmont to $170 after its below-consensus Q2 pre-announcement but kept his Buy rating, saying the headwinds may be "shorter-term in nature". The analyst states that the electrical transmission project proposal/award activity, including wind development, is robust in the U.S., while the highway infrastructure bid activity is also on the rise across many state transportation departments. Thielman also believes that Valmont's irrigation equipment growth prospects still present the company with an opportunity.
07/13/18
BOSC
07/13/18
DOWNGRADE
BOSC
Neutral
Valmont downgraded to Neutral from Outperform at Boenning & Scattergood
01/23/18
GHSC
01/23/18
DOWNGRADE
GHSC
Neutral
Valmont downgraded to Neutral on valuation at Seaport Global
Seaport Global analyst Michael Shlisky,downgraded Valmont to Neutral from Buy citing recent shares strength saying shares are closer to being fairly valued.
TDY Teledyne
$235.10

4.75 (2.06%)

08/06/18
NEED
08/06/18
NO CHANGE
Target $240
NEED
Buy
Teledyne price target raised to $240 from $210 at Needham
Needham analyst James Ricchiuti raised his price target on Teradyne to $240 and kept his Buy rating after the company showed "strong growth" in its "beat-and-raise" Q2 results. Ricchiuti states that Teradyne is "firing on all cylinders" as its Instrumentation and Digital Imaging segments grew by about 12%, while its Aerospace & Defense unit registered the strongest bookings momentum and pushed the overall book-to-bill ratio above parity. The analyst notes that growth could decelerate in the second half, but fundamentals remain strong across Teradyne's broad portfolio.
01/24/18
NEED
01/24/18
NO CHANGE
Target $205
NEED
Buy
Teledyne price target raised to $205 from $190 at Needham
Needham analyst James Ricchiuti raised his price target on Teledyne to $205 and kept his Buy rating after the company's presentation at the 20th Annual Needham Growth Conference. Ricchiuti says he is now more confident about potential upside for 2018 and continued benefits from "solid organic growth" across the company's diverse business portfolio. The analyst believes that Instrumentation and Defense are poised for another good year, while Digital Imaging demand remains solid.
MEI Methode Electronics
$30.35

0.1 (0.33%)

10/01/18
BARD
10/01/18
DOWNGRADE
BARD
Neutral
Autoliv, TE Connectivity, Methode Electronics downgraded to Neutral at Baird
Baird analyst David Leiker downgraded Autoliv (ALV), Methode Electronics (MEI) and TE Connectivity (TEL) to Neutral from Outperform and lowered his respective price targets to $90 from $120, $39 from $47 and $93 from $105, telling investors in a research note that risk/reward is seen in balance. In a research note on the global automotive sector to investors, Leiker says that while the magnitude of BMW's (BMWYY) recent update equals other adjustments already made, stocks are reacting poorly and current downtrend suggests valuation disconnect will likely persist until greater clarify on 2019 is offered. Top names remain Aptiv (APTV), Lear (LEA) and Visteon (VC), while BorgWarner (BWA), Delphi (DLPH) and Littelfuse (LFUS) remain Outperform-rated.
10/01/18
BARD
10/01/18
DOWNGRADE
BARD
Neutral
Methode Electronics downgraded to Neutral from Outperform at Baird
12/08/17
BARD
12/08/17
NO CHANGE
Target $47
BARD
Outperform
Methode Electronics weakness a buying opportunity, says Baird
Baird analyst David Leiker said he would be an aggressive buyer of Methode Electronics at current levels and elevated it to a Top Idea. The analyst noted shares were down on noise surrounding acquisition costs and Ford F-Series center stack business, which is not necessary to support strong growth. He likes the setup over the next few quarters given Automotive momentum, easy comps in Interface, and momentum behind Dabir. Leiker reiterated his Outperform rating and raised his price target to $47 from $46 on Methode shares.
TREX Trex Company
$66.76

-0.73 (-1.08%)

08/10/18
SIDC
08/10/18
DOWNGRADE
SIDC
Neutral
Trex Company downgraded to Neutral from Buy at Sidoti
10/30/18
RHCO
10/30/18
NO CHANGE
Target $58
RHCO
Hold
Trex Company price target lowered to $58 from $86 at SunTrust
SunTrust analyst Keith Hughes lowered his price target on Trex Company to $58 and kept his Hold rating, saying the "weak guidance" related to the company's core residential business will pressure the stock. The analyst further notes the management's discussing of a "pause in ordering due to distributor timing hurting results", even though the company still expects the end user order patterns to remain "up double digits".
10/30/18
SIDC
10/30/18
UPGRADE
SIDC
Buy
Trex Company upgraded to Buy from Neutral at Sidoti
09/10/18
RHCO
09/10/18
NO CHANGE
Target $86
RHCO
Hold
Trex Company price target raised to $86 from $73 at SunTrust
SunTrust analyst Keith Hughes raised his price target on Trex Company to $86, saying the company's FY19 earnings should be "good" and margins "easily attainable" given the expected productivity improvements and lower raw material costs. The analyst keeps his Hold rating however, noting that the valuation of Trex Company is double that of its peer group, while its 60% year-to-date gain is well above the declines of most names in the Building Products sector.
MTSC MTS Systems
$48.76

0.2 (0.41%)

FSTR L.B. Foster
$21.32

0.46 (2.21%)

WERN Werner
$33.42

0.22 (0.66%)

10/30/18
10/30/18
UPGRADE
Target $39

Overweight
Werner upgraded to Overweight on favorable pricing commentary at KeyBanc
As previously reported, KeyBanc analyst Todd Fowler upgraded Werner to Overweight from Sector Weight, with a $39 price target. Following his annual shipper survey, the analyst is incrementally confident in his 2019 estimates given more favorable pricing commentary relative to his expectations.
10/30/18
KEYB
10/30/18
UPGRADE
KEYB
Overweight
Werner upgraded to Overweight from Sector Weight at KeyBanc
10/19/18
COWN
10/19/18
UPGRADE
COWN
Market Perform
Werner upgraded to Market Perform from Underperform at Cowen
10/30/18
10/30/18
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. Nvidia (NVDA) upgraded to Overweight from Neutral at JPMorgan with analyst Harlan Sur saying the stock is down 36% since October 1 on fears of GPU channel inventory impacting near-term demand as well as views by the market that the company's new gaming platform may not see much of an upgrade cycle in the near term. 2. Werner (WERN) upgraded to Overweight from Sector Weight at KeyBanc with analyst Todd Fowler saying after his annual shipper survey, he is incrementally confident in his 2019 estimates given more favorable pricing commentary relative to his expectations. 3. Beach Energy (BEPTF) upgraded to Overweight from Neutral at JPMorgan, to Buy from Neutral at Goldman Sachs, to Neutral from Underperform at Macquarie, and to Hold from Sell at Canaccord. 4. JetBlue (JBLU) upgraded to Overweight from Neutral at JPMorgan. 5. Schneider National (SNDR) upgraded to Buy from Hold at Stifel with analyst David Ross saying sentiment has worsened on the stock since earlier this year despite the fact that the company's numbers have come in better than expected. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
WTS Watts Water
$76.83

1.83 (2.44%)

02/14/18
JANY
02/14/18
UPGRADE
JANY
Buy
Watts Water upgraded to Buy from Neutral at Janney Capital
03/21/18
BOSC
03/21/18
DOWNGRADE
BOSC
Neutral
Watts Water downgraded to Neutral from Outperform at Boenning & Scattergood
Boenning & Scattergood downgraded Watts Water to Neutral from Outperform citing valuation.
02/14/18
02/14/18
UPGRADE
Target $83

Buy
Watts Water upgraded to Buy on lower taxes, higher multiple at Janney Capital
As previously reported, Janney Capital analyst Michael Gaugler upgraded Watts Water to Buy from Neutral after he raised his 2018 and 2019 estimates based on lowered income tax assumptions and raised his P/E multiple for the stock to 21x from 20x. Gaugler increased his fair value estimate on Watts shares to $83 from $69.
NDSN Nordson
$129.76

3.5 (2.77%)

05/23/18
WLSD
05/23/18
DOWNGRADE
WLSD
Hold
Nordson downgraded to Hold from Buy at Wellington Shields
05/23/18
RHCO
05/23/18
NO CHANGE
Target $158
RHCO
Buy
Nordson price target lowered to $158 from $166 at SunTrust
SunTrust analyst Charles Brady lowered his price target on Nordson to $158 and also reduced his FY18 EPS view to $5.98 from $6.47. Brady says that while the company's Q2 sales and margins were better than expected in all 3 segments, Q3 guidance was light based on more difficult comps and greater decremental margins at ATS. The analyst keeps his Buy rating longer term, noting that the margin challenges should go away in FY19, while "investors' angst" around slowing sales growth should prove to be temporary.
10/05/18
RHCO
10/05/18
NO CHANGE
Target $162
RHCO
Buy
Plant visit at Nordson yields more upbeat view for its outlook, says SunTrust
SunTrust analyst Charles Brady kept his Buy rating and $162 price target on Nordson, saying his latest visit with the leader of the company's Fluid Management business at its Rhode Island plant and also his recent investor meetings with its CEO make him incrementally more positive on the company's outlook. Brady notes that he sees room for margin expansion through further automation across the company's facilities as well as other improvement initiatives. The analyst also sees a higher segment profit percentage from Advanced Technologies Systems driving organic growth increase from mid-single digits to low double digits.
08/21/18
DADA
08/21/18
NO CHANGE
Target $160
DADA
Buy
Nordson to benefit from secular tailwinds, says DA Davidson
DA Davidson analyst Matt Summerville kept his Buy rating and $160 price target on Nordson after its mixed Q3 results, with in-line earnings and a revenue miss. The analyst adds that the afterhours selloff in the stock price was driven by worse than expected Q4 guidance, even though the company's backlog, free cash flow generation, and balance sheet remain solid. Summerville expects tough comps to persist through Q1 of FY19, but recommends for longer term investors to use the pullback to accumulate shares, citing the secular tailwinds of "mobile innovation, Internet of Things, 3D stacking, flip chip underfill, electronification of autos, shift to flexible circuitry, and healthy medical demand".
ZBRA Zebra Technologies
$180.20

1.2 (0.67%)

11/07/18
NEED
11/07/18
NO CHANGE
Target $192
NEED
Buy
Zebra Technologies price target raised to $192 from $178 at Needham
Needham analyst James Ricchiuti raised his price target on Zebra Technologies to $192 and kept his Buy rating, saying the company is "on a roll" after another beat in Q3 and a raise in its guidance. The analyst cites Zebra Technologies' 17% overall sales growth, which included a "healthy" 19% organic growth in the Enterprise business. Ricchiuti expects comparisons to become more challenging in 2019 with added headwinds of the tariff impact, but he still raises his FY19 revenue growth view to $4.43B from $4.40B based on the strong underlying momentum in Zebra Technologies' business.
09/21/18
IMPC
09/21/18
NO CHANGE
Target $190
IMPC
Outperform
Zebra Technologies price target raised to $190 from $180 at Imperial Capital
Imperial Capital analyst Jeff Kessler raised his price target for Zebra Technologies to $190 saying the company is expanding its total available market. Zebra currently estimates its total addressable market at $9bn, but believes it could potentially reach $24B if it can successfully penetrate new markets and further penetrate markets in which it only has a toehold, Kessler tells investors in a research note. The analyst continues to believe Zebra will successfully become the leading driver in expanding the Automated Identification and Data Capture industry and its growth rate. He keeps an Outperform rating on the shares.
09/21/18
JPMS
09/21/18
NO CHANGE
Target $180
JPMS
Overweight
Zebra stock split overdue, could be positive catalyst, says JPMorgan
JPMorgan analyst Paul Coster says a stock split by Zebra Technologies "seems overdue" and could be a positive catalyst by boosting liquidity and broadening interest. Further, to reflect "strong" secular demand in key end markets, the company's leadership in the Windows to Android OS transition, and secular trends relating to Internet of Things and Edge Computing, Coster upped his estimates and Zebra and boosted his price target for the shares to $180 from $175. The analyst keeps an Overweight rating on the name.
10/16/18
NRCS
10/16/18
NO CHANGE
Target $200
NRCS
Buy
Zebra Technologies sell-off overdone, says Northcoast
Northcoast analyst Keith Housum said share of Zebra Technologies have been weak on concerns related to the latest round of tariffs on Chinese manufactured goods. Housin expects the impact in Q4 2018 to be 6c and FY19 to be 60c, amounting to 5% of his FY19 estimate of $11.76. The analyst expects management to either announce price increases as of January 1, 2019 and/or move production of data scanners to Mexico from China, as it already produces some scanners in Mexico. Housin said Zebra has been diversifying manufacturing and estimates only 2-3% of the overall business is tied to Chinese manufacturer's today. The analyst reiterates his Buy rating and $200 price target on Zebra shares and views the recent sell-off as overdone.
ROAD Construction Partners
$10.31

0.32 (3.20%)

06/29/18
IMPC
06/29/18
INITIATION
Target $16
IMPC
Outperform
Construction Partners initiated with an Outperform at Imperial Capital
Imperial Capital analyst Adam Hackel started Construction Partners with an Outperform rating and $16 price target. The analyst sees the company positioned for long-term revenue and earnings growth due to its competitive advantages, including its vertically integrated operations and "strong" position in hot mix asphalt production. Further, Construction Partners has "robust" growth potential both organically and through its aggressive acquisition strategy, Hackel contends.
06/29/18
06/29/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Construction Partners (ROAD) initiated with an Outperform at Imperial Capital. 2. Inovio (INO) assumed with an Overweight at Piper Jaffray. 3. GATX (GATX) initiated with a Buy at Mizuho. 4. Schneider National (SNDR) initiated with a Hold at Stifel. 5. Eloxx Pharmaceuticals (ELOX) initiated with a Buy at Canaccord. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/29/18
05/29/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Unity Biotechnology (UBX) initiated with a Buy at Citi, an Overweight at Morgan Stanley, and a Neutral at Goldman Sachs. 2. Construction Partners (ROAD) initiated with an Outperform at Baird, a Strong Buy at Raymond James, an Overweight at Stephens, and a Buy at DA Davidson. 3. Carbon Black (CBLK) initiated with an Outperform at Cowen and William Blair, an Overweight at KeyBanc and JPMorgan, as well as an Equal Weight at Morgan Stanley. 4. Axon (AAXN) initiated with an Outperform at William Blair. 5. Spotify (SPOT) initiated with a Buy at Pivotal Research. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/29/18
DADA
05/29/18
INITIATION
Target $14.5
DADA
Buy
Construction Partners initiated with a Buy at DA Davidson
DA Davidson analyst Brent Thielman initiated Construction Partners with a Buy rating and a price target of $14.50. The analyst says his view of the company's potential earnings upside is justified by faster than anticipated organic growth or M&A, supporting continued gains for the stock price. Thielman further points to an active public sector construction activity, with acceleration seen in North Carolina and a re-ramp in Georgia in addition to "relatively healthy" levels of work released in Alabama and Florida.
JBHT J.B. Hunt
$111.05

2.21 (2.03%)

07/16/18
LOOP
07/16/18
NO CHANGE
Target $151
LOOP
Buy
Loop says J.B. Hunt guidance has gone from 'conservative' to 'unrealistic'
After J.B. Hunt reported better than expected Q2 results but did not change its guidance, Loop Capital analyst Rick Paterson noted that his 2018 revenue forecasts now beat the company's guidance ranges in all divisions except Truck, its smallest unit. The unchanged guidance "has now gone from conservative to, arguably, unrealistic," contends Paterson, who thinks it will take time for "why didn't they raise guidance" concerns to fade. However, given his raised estimates, Paterson increased his price target on J.B. Hunt shares to $151 from $145 and keeps a Buy rating on the name.
09/28/18
EDJN
09/28/18
DOWNGRADE
EDJN
Hold
J.B. Hunt downgraded to Hold from Buy at Edward Jones
10/10/18
LOOP
10/10/18
NO CHANGE
Target $143
LOOP
Buy
J.B. Hunt price target lowered to $143 from $151 at Loop Capital
Loop Capital analyst Rick Paterson lowered his price target for J.B. Hunt Transport Services to $143 but keeps a Buy rating on the shares. The analyst is taking a s"lightly more conservative stance on the economy, given likely deceleration in the face of the escalating trade war with China." He believes, however, that the company's contract arbitration with BASF is taking a step forward with this morning's news.
10/05/18
CLVD
10/05/18
INITIATION
CLVD
Neutral
J.B. Hunt initiated with a Neutral at Cleveland Research
Cleveland Research analyst Chris Johnson assumed coverage on J.B. Hunt with a Neutral saying intermodal volume growth is likely limited due to rail service issues.
C Citi
$68.24

1.53 (2.29%)

09/19/18
OPCO
09/19/18
NO CHANGE
OPCO
Outperform
U.S. banks 'in very good shape,' says Oppenheimer, favorites include BofA, Citi
Oppenheimer analyst Chris Kotowski tells investors in a research note that the U.S. banking group is on solid footing with balance sheets less risky than at any time over the last 33 years the firm covered the group and says his favorite bank stocks are Outperform-rated Bank of America (BAC), Citi (C), CIT (CIT) and Goldman Sachs (GS). However, Kotowski notes that banks are trading at an average relative P/E of just ~66% relative to the S&P 500 and returning to a historical avg valuation of 73%-80% range would imply over a thousand basis points of outperformance by the group. In his view, the U.S. banks are, on the whole, in "very good" shape.
10/15/18
BMOC
10/15/18
NO CHANGE
Target $92
BMOC
Market Perform
Citi price target raised to $92 from $85 at BMO Capital
BMO Capital analyst James Fotheringham raised his price target on Citi to $92 in spite of its Q3 earnings miss as he rolls his valuation model forward by a quarter. The analyst also notes that its lower expected revenues are being offset by lower costs while pointing to "cheap" valuation for financials in spite of the rising interest rates which are positive for net interest margins and better employment which is positive for credit. Fotheringham keeps his Market Perform rating for Citi, stating that some of its peers offer an even "greater opportunity".
08/28/18
WELS
08/28/18
NO CHANGE
Target $100
WELS
Outperform
Citi to benefit from potential U.S.-Mexico trade deal, says Wells Fargo
Wells Fargo analyst Mike Mayo believes Citi could gain more than other large U.S. banks from a U.S.-Mexico trade deal given its ownership of the second largest bank in Mexico, Citibanamex. In his view, Citi's stock had been hurt on perceptions of the U.S. relationship with Mexico. At a minimum, any new trade deal could reflect the absence of a negative and, on the upside, new potential growth opportunities, he contends. Mayo reiterates an Outperform rating and $100 price target on the shares.
09/25/18
WOLF
09/25/18
INITIATION
Target $91
WOLF
Outperform
Citi initiated with an Outperform at Wolfe Research
Wolfe Research analyst Steven Chubak initiated Citi with an Outperform and $91 price target.
R Ryder
$57.43

0.81 (1.43%)

10/25/18
LOOP
10/25/18
UPGRADE
Target $78
LOOP
Buy
Ryder upgraded to Buy from Hold at Loop Capital
Loop Capital analyst Jeffrey Kauffman upgraded Ryder System to Buy with an unchanged price target of $78. The analyst sees 28% share upside potential and 32% total return from current levels, given the company's 3.6% current dividend yield. Ryder represents the "swing supplier" of trucking capacity and is positioned to benefit from the changes occurring within the trucking industry with respect to driver availability and productivity, the cost of new equipment, and a move by private fleets to outsource truck fleets, Kauffman tells investors in a research note. He believes Ryder's earnings are likely to continue to rise in 2019 and possibly 2020.
10/01/18
LOOP
10/01/18
INITIATION
LOOP
Hold
Ryder initiated with a Hold at Loop Capital
Loop Capital analyst Jeffrey Kauffman initiated Ryder with a Hold rating and a $78 price target. Kauffman noted that because of the aggressive capital spending by Ryder this cycle, the company's debt levels have risen faster than its EBITDA, which he sees as a penalty toward Ryder's valuation.
10/26/18
DBAB
10/26/18
NO CHANGE
DBAB
Buy
Ryder post-earnings selloff overdone, says Deutsche Bank
Deutsche Bank analyst Amit Mehrotra says today's post-earnings selloff in shares of Ryder System is overdone. He has a Buy rating on the shares. The stock in afternoon trading is down 8%, or $4.91, to $56.06.
10/05/18
WOLF
10/05/18
UPGRADE
WOLF
Outperform
Ryder upgraded to Outperform from Peer Perform at Wolfe Research
HXL Hexcel
$61.59

2.07 (3.48%)

07/05/18
07/05/18
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. Fiat Chrysler (FCAU) upgraded to Buy from Hold and Daimler AG (DDAIF) upgraded to Hold from Underperform at Jefferies with analyst Philippe Houchois citing valuation. 2. Danone (DANOY) upgraded to Outperform from Sector Perform at RBC Capital with analyst James Jones saying he now has less "punitive" assumptions about the company's sales growth and capital expenditures as its profits have become less reliant on dairy. 3. Hexcel (HXL) upgraded to Buy from Hold at Canaccord with analyst Ken Herbert stating he believes the acceleration in growth expected in 2018 will continue into 2019. 4. Qorvo (QRVO) upgraded to Overweight from Sector Weight at KeyBanc with analyst Michael McConnell citing healthy China smartphone trends, stabilizing Apple (AAPL) iPhone demand, and greater than expected market share gains in China smartphones. 5. Advanced Energy (AEIS) upgraded to Outperform from Market Perform at Raymond James with analyst Pavel Molchanov saying the company's 9% free cash flow yield has turned the shares into an appealing deep value story, despite slowing organic growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/23/18
VERT
10/23/18
UPGRADE
VERT
Buy
Hexcel upgraded to Buy from Hold at Vertical Research
07/19/18
LOOP
07/19/18
NO CHANGE
Target $77
LOOP
Buy
Hexcel benefiting from 'commercial aero super cycle', says Loop Capital
Loop Capital analyst Chris Kapsh keeps his Buy rating and $77 price target on Hexcel amid the biennial Farnborough Airshow taking place in the U.K. this week, citing the 13% increase in the aircraft order tally tracking relative to last year's Paris air show. The analyst notes that the "strong order cadence" corroborates his view that the market is " in the middle, not late, innings of a commercial aero super cycle", which in turn enhances revenue visibility for Hexcel and adds to the attractiveness of the stock. Moreover, Kapsch sees the trade war implications on Hexcel as "benign" and the appreciation of US Dollar as an incremental positive for the company.
08/15/18
UBSW
08/15/18
INITIATION
Target $65
UBSW
Sell
Hexcel initiated with a Sell at UBS
UBS analyst Myles Walton initiated coverage of the Aerospace & Defense sector, starting Hexcel with a Sell rating and $65 price target.

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UA

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PM

Philip Morris

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MDR

McDermott

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STAG

STAG Industrial

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