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KSU

Kansas City Southern

$110.96

1.45 (1.32%)

, GDI

Gardner Denver

$26.58

0.685 (2.65%)

04:55
02/21/19
02/21
04:55
02/21/19
04:55

Citigroup to hold a conference

2019 Global Industrials Conference will be held in Miami Beach, FL on February 20-21.

KSU

Kansas City Southern

$110.96

1.45 (1.32%)

GDI

Gardner Denver

$26.58

0.685 (2.65%)

CHRW

C.H. Robinson

$91.97

0.02 (0.02%)

MTZ

MasTec

$44.49

0.76 (1.74%)

MMM

3M

$208.63

0.3 (0.14%)

ROK

Rockwell Automation

$178.70

1.2 (0.68%)

R

Ryder

$64.53

0.51 (0.80%)

GTES

Gates Industrial

$15.91

-0.17 (-1.06%)

MKSI

MKS Instruments

$86.62

1.61 (1.89%)

FTAI

Fortress Transportation

$15.97

0.155 (0.98%)

CMI

Cummins

$155.37

1.82 (1.19%)

JBHT

J.B. Hunt

$113.74

-0.14 (-0.12%)

WBT

Welbilt

$16.07

0.21 (1.32%)

IR

Ingersoll-Rand

$105.55

0.56 (0.53%)

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KSU Kansas City Southern
$110.96

1.45 (1.32%)

01/22/19
STFL
01/22/19
NO CHANGE
Target $128
STFL
Buy
Kansas City Southern price target raised to $128 from $120 at Stifel
Stifel analyst Michael Baudendistel maintained a Buy rating on Kansas City Southern and raised his price target to $128 from $120. In a research note to investors, the analyst says he expects the company's precision scheduled railroading, or PSR, practices will be more incremental rather than transformative, but believes that the company remains in a better position to grow volumes than the peer group which may become more evident in 2019 than it has been of late.
01/15/19
01/15/19
NO CHANGE

Loop lowering price target on Kansas City Southern as soft volumes continue
Loop Capital analyst Rick Paterson maintained a Buy rating on Kansas City Southern, but cut his price target to $132 from $136 and trimmed his Q4 and FY19 EPS estimates modestly citing a lack of momentum and visibility. The analyst noted that Kansas City Southern's Q4 are expected to come in slightly better than flat year-over-year, resulting in full year volume growth of about 1.5%, versus 4% for the industry.
01/22/19
FBCO
01/22/19
NO CHANGE
Target $129
FBCO
Outperform
Kansas City Southern price target raised to $129 from $116 at Credit Suisse
Credit Suisse analyst Allison Landry raised her price target for Kansas City Southern to $129 from $116 and reiterated an Outperform rating on the shares. While the company had a "disappointing" 2018 for volumes and service, the analyst believes investors may now be willing to overlook executional challenges and focus on the potential upside from the now evident cost improvement story that may unfold over the next few years as the company implements PSR.
02/20/19
DBAB
02/20/19
NO CHANGE
DBAB
Buy
Deutsche Bank places 'Catalyst Call' buy on Kansas City Southern
Deutsche Bank analyst Amit Mehrotra placed a "Catalyst Call" buy on Kansas City Southern as a short-term investment idea. Following a meeting with the company's CFO, the analyst believes market participants are underappreciating progress of Kansas City's new precision scheduled railroading initiatives. The progress will become more evident this week at industry conferences, in results over next six months, and an analyst day likely later this year, Mehrotra tells investors in a research note. He keeps a Buy rating on Kansas City Southern.
GDI Gardner Denver
$26.58

0.685 (2.65%)

01/25/19
BTIG
01/25/19
INITIATION
Target $30
BTIG
Buy
Gardner Denver initiated with a Buy at BTIG
BTIG analyst Igor Levi initiated Gardner Denver with a Buy rating and a price target of $30. The analyst says the comapny is a "unique way to play the upside to oil prices" given its "stability and valuation support of an industrial stock". Levi also believes that Gardner Denver is "highly undervalued" relative to its peers and sees the company's March analyst day where the management will update on its strategic progress as a potential catalyst.
01/17/19
BARD
01/17/19
NO CHANGE
Target $31
BARD
Outperform
Gardner Denver weakness a buying opportunity, says Baird
Baird analyst Michael Halloran said the challenging upstream backdrop has created an attractive entry point for Gardner Denver shares. He believes earnings and guidance could be a catalyst and he is comfortable owning the stock. Halloran reiterated his Outperform rating and lowered his price target to $31 from $35 on Gardner Denver shares.
12/26/18
PIPR
12/26/18
NO CHANGE
PIPR
Piper Jaffray lowers Core Labs, Liberty Oilfield Services, Oil States targets
Piper Jaffray analyst Bill Herbert has updated his supply/demand framework for the oil sector in Q4 with the assumption of oil prices trading near the low end of the $50-$60 per barrel range in the first half of 2019. The analyst says he is also lowering his drilling rig forecast to reflect the numerous field level activity and reducing his price target on Oil Service names to reflect the findings. Herbert lowers the price target on Basic Energy Services (BAS) to $10 from $11, Baker Hughes (BHGE) to $33.50 from $38, C&J Energy (CJ) to $23.50 from $29, FTS International (FTSI) to $12.50 from $17.25, Gardner Denver (GDI) to $29 from $32, Liberty Oilfield Services (LBRT) to $21 from $27, National Oilwell (NOV) to $32 from $42, Oil States (OIS) to $17 from $25.50, Quintana Energy Services (QES) to $8 from $11.50, RPC Inc (RES) to $11.75 from $15.25, Tenaris (TS) to $34 from $42.50, Mammoth Energy Services (TUSK) to $28 from $36.50, Select Energy Services (WTTR) to $15.15 from $16.50, and Cactus (WHD) to $32 from $44.
12/19/18
STFL
12/19/18
DOWNGRADE
Target $24
STFL
Hold
Gardner Denver downgraded to Hold from Buy at Stifel
Stifel analyst Nathan Jones downgraded Gardner Denver to Hold and lowered his price target for the shares to $24 from $32. The analyst cites lower oil prices and global growth concerns for the downgrade. Any further slide in oil prices could drive a more meaningful slowdown in Gardner Denver's upstream business, which is highly cyclical, Jones tells investors in a research note.
CHRW C.H. Robinson
$91.97

0.02 (0.02%)

02/19/19
MSCO
02/19/19
DOWNGRADE
Target $71
MSCO
Equal Weight
Morgan Stanley downgrades XPO Logistics, says M&A 'off the table'
As previously reported, Morgan Stanley analyst Ravi Shanker downgraded XPO Logistics (XPO) to Equal Weight from Overweight and lowered his price target for the shares to $71 from $116, stating that the company's 2019 guidance and sudden loss of its largest customer with virtually no notice has raised questions on forward visibility. M&A potential had made it his top pick previously, but now M&A is "off the table," said Shanker, who thinks confidence in the company's near-term trajectory may take time to recover. The analyst, who did not name the customer that he believes XPO recently lost, added he believes the customer aggressively insourcing its business away from XPO has "a significant negative read-across to other companies in the sector that are exposed to the same customer," particularly UPS (UPS), FedEx (FDX) and C.H. Robinson (CHRW). Other analysts have speculated that Amazon (AMZN) was the large customer lost by XPO.
01/15/19
FBCO
01/15/19
NO CHANGE
Target $80
FBCO
Underperform
C.H. Robinson price target lowered to $80 from $86 at Credit Suisse
Credit Suisse analyst Allison Landry lowered her price target for C.H. Robinson to $80 from $86 due to a lower EBIT growth rate and a higher discount rate partially offset by a higher base year EBIT in her DCF model. The analyst reiterates an Underperform rating on the shares.
10/19/18
CLVD
10/19/18
INITIATION
CLVD
Neutral
C.H. Robinson assumed with a Neutral at Cleveland Research
Cleveland Research analyst Chris Johnson assumed coverage on C.H. Robinson with a Neutral rating saying commentary from brokers is more cautious on regarding the outlook for 2019 truck brokerage.
01/30/19
UBSW
01/30/19
NO CHANGE
Target $99
UBSW
Buy
C.H. Robinson results highlight strong execution, says UBS
UBS analyst Thomas Wadewitz said C.H. Robinson reported Q4 results significantly above consensus, highlighting its strong execution and favorable part of the cycle. The analyst believes its earnings growth will support upside for the stock. Wadewitz reiterated his Buy rating and raised his price target to $99 from $97 on C.H. Robinson shares.
MTZ MasTec
$44.49

0.76 (1.74%)

12/19/18
STFL
12/19/18
NO CHANGE
Target $61
STFL
Buy
MasTec added to Select List on 'extremely strong' ouotlok at Stifel
Stifel analyst Noelle Dilts added MasTec to her firm's Select List saying she sees an "extremely strong" outlook for 2019 as activity in the core pipeline and telecom markets accelerates, driving high levels of utilization. The analyst views MasTec's "soft" guidance for flattish revenue year-over-year in oil and gas as too low, and sees opportunity for margin outperformance. Dilts sees a "good set up for outperformance relative to estimates in 2019 and catalysts ahead." The analyst trimmed her price target for MasTec to $61 from $63 and keeps a Buy rating on the shares.
11/09/18
BARD
11/09/18
DOWNGRADE
Target $54
BARD
Neutral
MasTec downgraded to Neutral at Baird
As reported previously, Baird analyst Andrew Wittmann downgraded MasTec to Neutral from Outperform. The analyst feel the potential catalyst have played out and even though a lot of good things are happening they appear to be well known. Wittmann feels the risk/reward is now better balanced and he raised his price target to $54 from $52 on MasTec shares.
11/09/18
BARD
11/09/18
DOWNGRADE
BARD
Neutral
MasTec downgraded to Neutral from Outperform at Baird
02/04/19
DADA
02/04/19
NO CHANGE
Target $57
DADA
Buy
MasTec price target lowered to $57 from $62 at DA Davidson
DA Davidson analyst Brent Thielman lowered his price target on MasTec to $57 after his meetings with its management and institutional investors last week. The analyst is lowering his 2019/2020 estimates to reflect the lower first half contributions and more conservative growth expectations into 2020, but keeps his Buy rating longer term, citing the positive discussions about the company's end markets and expectations of a ramp in telco/5G spending.
MMM 3M
$208.63

0.3 (0.14%)

01/15/19
JPMS
01/15/19
NO CHANGE
Target $158
JPMS
Underweight
JPMorgan's Tusa remains negative on 3M, cuts target to $158
JPMorgan analyst Stephen Tusa lowered his price target for 3M to $158 from $178 and keeps an Underweight rating on the shares. The analyst sees a "fundamental disconnect" between investor perception of the company's business quality, and quality of its growth. The latter is what ultimately drives the multiple, which should be lower, Tusa tells investors in a research note. Despite 3M's "consistent misses," even with a solid economic backdrop in 2018, the multiple has expanded from recent lows, and expectations for growth remain too high, claims Tusa, who says he remains negative on the shares. The analyst cut his estimates for 2019/2020 below the consensus.
01/15/19
JPMS
01/15/19
NO CHANGE
JPMS
Neutral
GE risk/reward unfavorable into Q4 report, says JPMorgan's Tusa
JPMorgan analyst Stephen Tusa says the risk/reward on shares of General Electric (GE) is unfavorable into the company's Q4 earnings report. GE shares have bounced over the last month, outperforming the group by over 3,000 basis points, Tusa writes in a research note previewing earnings reports for the group. He believes the recent stock move "is built upon an expectation of more certainty in the path forward." Tusa thinks the focus on the earnings call should turn back to fundamentals, where he continues to see "disconnect with high level analyses from those who apparently ignore the mechanical headwinds from dilutive asset sales, a key aspect as to why FCF remains so weak." The call will "reinforce the Bear case that there is no concrete silver bullet plan, and much remains fluid, also negative," Tusa contends. He recommends Honeywell (HON) and Emerson Electric (EMR) as longs into the quarter and tells investors to avoid Johnson Controls (JCI), 3M (MMM) and Rockwell Automation (ROK). Tusa has a Neutral rating on General Electric.
01/04/19
MSCO
01/04/19
NO CHANGE
Target $210
MSCO
Equal Weight
Morgan Stanley says dental survey negative for Align, positive for Straumann
Morgan Stanley analyst Steve Beuchaw noted that the firm surveyed 30 dentists and 42 orthodontists in the U.S. and said the results points to slower aligner mix shift and emerging share movements, both of which he said are negative for Align Technology (ALGN). He further points out that the survey was run during 4Q, in advance of the full launch of competing products from 3M (MMM), Danaher (DHR) and Dentsply Sirona (XRAY). Given the survey findings, Beuchaw cut his U.S. volume estimates for Align by 400bps for 2019 and lowered his price target on the stock to $210 from $300 to account for lower estimates and a lower market multiple. He maintains an Equal Weight rating on Align Technology shares. Beuchaw added that the survey was positive for Straumann (STMN), which is covered by Michael Jungling. While investors tend to focus on new entrants from the other three mentioned above, ClearCorrect with support from Straumann was the bigger share winner prospectively in the survey, Beuchaw tells investors.
01/30/19
JEFF
01/30/19
NO CHANGE
Target $209
JEFF
Hold
Jefferies 'incrementally cautious' on 3M, sees shares as range-bound
Jefferies analyst Laurence Alexander is "incrementally cautious" on 3M following yesterday's Q4 results. The analyst expects the shares to remain range-bound until after the Chinese New Year and a "more favorable global industrial outlook presents itself." He keeps a Hold rating on 3M with a $209 price target.
ROK Rockwell Automation
$178.70

1.2 (0.68%)

01/30/19
WELS
01/30/19
NO CHANGE
Target $195
WELS
Outperform
Rockwell Automation price target raised to $195 from $188 at Wells Fargo
Wells Fargo analyst Rich Kwas raised his price target for Rockwell Automation to $195 from $188 following quarterly results as he believes the company outperformed "nicely" against low expectations. The analyst reiterates an Outperform rating on the shares.
01/30/19
BMOC
01/30/19
NO CHANGE
Target $195
BMOC
Outperform
Rockwell Automation price target raised to $195 from $185 at BMO Capital
BMO Capital analyst R. Scott Graham raised his price target on Rockwell Automation to $195 and kept his Outperform rating after its Q1 earnings beat and affirmed FY19 guidance. The analyst notes the company's organic sales outperformed its end markets while margins "also beat from volume leverage" helped by the "timing of spending". Graham maintains his outlook on Rockwell Automation calling for 4%-5% organic growth, ongoing margin expansion, and aggressive buybacks.
01/30/19
SBSH
01/30/19
NO CHANGE
Target $176
SBSH
Buy
Rockwell Automation price target raised to $176 from $162 at Citi
Citi analyst Andrew Kaplowitz raised his price target for Rockwell Automation to $176 saying the company's Q1 results got its fiscal 2019 off to a strong start. The analyst sees improved visibility to organic growth approaching the mid-point of Rockwell's unchanged organic growth outlook. However, he keeps a Neutral rating on the shares.
01/30/19
FBCO
01/30/19
NO CHANGE
Target $166
FBCO
Underperform
Rockwell Automation price target raised to $166 from $158 at Credit Suisse
Credit Suisse analyst John Walsh raised his price target for Rockwell Automation to $166 from $158 given a strong Q1 beat despite investment timing. The analyst reiterates an Underperform rating on the shares.
R Ryder
$64.53

0.51 (0.80%)

11/29/18
STFL
11/29/18
UPGRADE
Target $69
STFL
Buy
Ryder upgraded to Buy from Hold at Stifel
Stifel analyst David Ross upgraded Ryder System to Buy while lowering his price target for the shares to $69 from $81. Approaching 2019, the stock's upside/ downside case is now in investors' favor, Ross tells investors in a research note. He says that while estimates have been cut, Ryder's valuation is more reasonable at current levels. With the trucking market expected to remain tight in 2019, commercial rental demand should firm, says the analyst. Ross cites valuation for the upgrade of Ryder to Buy.
11/29/18
11/29/18
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. McDonald's (MCD) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst John Glass saying he expects the benefits from the company's U.S. store remodeling to become apparent in 2019. 2. TJX (TJX) upgraded to Buy from Hold at Argus with analyst Chris Graja saying the rating change is driven by the pullback in the stock price given the company's growing store traffic, single-A credit ratings, and a 22% annualized dividend growth. 3. Ryder (R) upgraded to Buy from Hold at Stifel with analyst David Ross saying approaching 2019, the stock's upside/downside case is now in investors' favor. 4. Dominion (D) upgraded to Buy from Neutral at UBS with analyst Daniel Ford saying management has taken "appropriate and necessary" actions to overcome the negative impact of the surprise master limited partnership income tax ruling that the Federal Energy Regulatory Commission issued earlier this year. 5. PPG (PPG) upgraded to Buy from Neutral at Citi analyst P.J. Juvekar saying "rapidly falling" oil prices are poised to reduce some of the raw material inflation pressuring the company. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/12/18
RHCO
12/12/18
INITIATION
RHCO
Buy
Ryder initiated with a Buy at SunTrust
SunTrust analyst Stephanie Benjamin initiated Ryder with a Buy rating and $63 price target.
12/13/18
RHCO
12/13/18
INITIATION
Target $63
RHCO
Buy
Ryder initiated with a Buy at SunTrust
As reported yesterday, SunTrust analyst Stephanie Benjamin initiated Ryder with a Buy rating and a $63 price target. The analyst believes that the growth prospects of the company's "transportation outsourcing business and the size of the addressable market are underappreciated by the Street." Benjamin expects Ryder to exceed its current expectations with continued generation of "double-digit revenue and at least high-single-digit earnings growth trajectory over the next few years."
GTES Gates Industrial
$15.91

-0.17 (-1.06%)

06/11/18
SBSH
06/11/18
NO CHANGE
Target $23
SBSH
Buy
Gates Industrial recent pullback a buying opportunity, says Citi
Citi analyst Andrew Kaplowitz attributes the recent weakness in shares of Gates Industrial to "misperceptions that will fade." After meeting with management, the analyst believes Gates has better than average organic revenue growth characteristics and that its auto exposure is actually a positive. Further, he sees "plenty of room" for margin and working capital improvement. Kaplowitz sees a buying opportunity and current share levels and reiterates a Buy rating on Gates Industrial with a $23 price target.
03/21/18
LEHM
03/21/18
INITIATION
Target $20
LEHM
Equal Weight
Gates Industrial initiated with an Equal Weight at Barclays
Barclays started Gates Industrial with an Equal Weight rating and $20 price target.
12/18/18
MSCO
12/18/18
DOWNGRADE
Target $15
MSCO
Equal Weight
Gates Industrial assumed at Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Joshua Pokrzywinski assumed coverage of Gates Industrial at Equal Weight, down from the firm's prior Overweight rating, stating that he no longer sees significant upside to his sum-of-the-parts valuation as he believes it will be hard for Gates to "shake its Auto-focused narrative." Margins are better across the Gates portfolio, but higher cyclicality issues offset this, added Pokrzywinski, who set a $15 price target on the stock, which is down from the firm's previous $19 target.
MKSI MKS Instruments
$86.62

1.61 (1.89%)

10/25/18
KEYB
10/25/18
NO CHANGE
Target $112
KEYB
Overweight
MKS Instruments price target lowered to $112 from $135 at KeyBanc
KeyBanc analyst Weston Twigg lowered his price target for MKS Instruments to $112 from $135 saying the company posted "good" Q3 results, but soft Q4 guidance on rapidly softening semiconductor demand. For investors waiting for a bottom, it could be close, he contends, adding that its non-semiconductor business is performing relatively well, which could offer some downside protection. Twigg reiterates an Overweight rating on the shares on good long-term growth and profit opportunities.
10/25/18
BNCH
10/25/18
NO CHANGE
Target $100
BNCH
Buy
MKS Instruments price target lowered to $100 from $125 at Benchmark
Benchmark analyst Mark Miller noted that MKS Instruments had a mixed Q3 report, with better than expected earnings and weaker than expected revenue, and also issued worse than expected Q4 guidance. Miller, who expects improvements by mid-2019, keeps a Buy rating on MKS shares but lowered his price target to $100 from $125 following the report and guidance.
10/30/18
LSCM
10/30/18
DOWNGRADE
LSCM
Hold
Electro Scientific downgraded to Hold from Buy at Lake Street
Lake Street analyst Jason Schmidt downgraded Electro Scientific (ESIO) to Hold from Buy, citing MKS Instruments' (MKSI) agreement to buy the company for $30.00 per share.
10/31/18
DADA
10/31/18
DOWNGRADE
Target $30
DADA
Neutral
Electro Scientific downgraded to Neutral from Buy at DA Davidson
As reported earlier, DA Davidson analyst Thomas Diffely downgraded Electro Scientific (ESIO) to Neutral from Buy and lowered his price target to $30 from $32 after it entered into a definitive agreement to be acquired by MKS Instruments (MKSI). The analyst believes that the acquisition price is fair, adding that he does not expect any additional bidders to emerge.
FTAI Fortress Transportation
$15.97

0.155 (0.98%)

05/24/18
JMPS
05/24/18
NO CHANGE
Target $24
JMPS
Outperform
JMP says Fortress Transportation has potential $100+ sum-of-the-parts value
JMP Securities analyst Devin Ryan said he often views a "sum-of-the-parts" analysis as "a mere theoretical exercise," though for Fortress Transportation he believes a deeper examination of EBITDA potential at the asset level "can be quite informative." With that said, Ryan stated that his sum-of-the-parts analysis of Fortress Transportation reveals potential for value of over $100 per share if the company executes over the next five years. Ryan maintains his Outperform rating and $24 price target on Fortress Transportation shares.
CMI Cummins
$155.37

1.82 (1.19%)

02/07/19
BARD
02/07/19
UPGRADE
Target $195
BARD
Outperform
Cummins upgraded to Outperform with $195 price target at Baird
As reported previously, Baird analyst David Leiker upgraded Cummins to Outperform from Neutral. The analyst said significant declines in truck orders increases the likelihood of the trucking cycle bottoming and the order decline has historically been a catalyst for the stocks. Leiker raised his price target to $195 from $144 on Cummins shares.
02/07/19
BARD
02/07/19
UPGRADE
BARD
Outperform
Cummins upgraded to Outperform from Neutral at Baird
02/07/19
OPCO
02/07/19
DOWNGRADE
OPCO
Perform
Cummins downgraded to Perform from Outperform at Oppenheimer
02/07/19
OPCO
02/07/19
DOWNGRADE
OPCO
Perform
Cummins downgraded to Perform on mixed macro at Oppenheimer
Oppenheimer analyst Noah Kaye downgraded Cummins to Perform from Outperform and removed his previous price target of $164 after the shares appreciated 11% year to date to within his price target range. Entering the year, the analyst noted positive internal catalysts as upside to consensus margin expectations, but now that FY19 guidance incorporates his view, he sees fewer internal catalysts for improvement, coupled with a mixed macro picture.
JBHT J.B. Hunt
$113.74

-0.14 (-0.12%)

12/04/18
UBSW
12/04/18
NO CHANGE
Target $124
UBSW
Buy
J.B. Hunt price target lowered to $124 from $145 at UBS
UBS analyst Thomas Wadewitz lowered his price target on J.B. Hunt to $124 from $145 based on falling truckload spot rates in Q3 and what he views as muted/later peak season tightening in the truckload market, which points to incremental addition of capacity. He also sees risk to freight demand from tariffs, cyclical slowing of housing, and risk to energy activity from lower oil prices. Wadewitz maintained his Buy rating on J.B. Hunt shares.
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.
01/15/19
FBCO
01/15/19
NO CHANGE
Target $121
FBCO
Outperform
J.B. Hunt price target lowered to $121 from $148 at Credit Suisse
Credit Suisse analyst Allison Landry lowered her price target for J.B. Hunt to $121 from $148 due to a higher base year EBIT and a higher discount rate in her DCF model. The analyst reiterates an Outperform rating on the shares.
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.
WBT Welbilt
$16.07

0.21 (1.32%)

01/11/19
WBLR
01/11/19
NO CHANGE
WBLR
Outperform
Welbilt shares can reach upper teens, says William Blair
While the senior management changes provided some uncertainty, shares of Welbilt are inexpensive and offer "some of the best upside potential in our group," William Blair analyst Lawrence De Maria tells investors in a research note. He believes the stock can reach the upper teens "even with a compressed multiple." The government shutdown also provides some economic risk but emergency funds will keep food inspections ongoing, says De Maria. He keeps an Outperform rating on Welbilt.
08/20/18
LEHM
08/20/18
NO CHANGE
Target $25
LEHM
Overweight
Welbilt's management team 'well prepared' to execute on strategy, says Barclays
Barclays analyst Adam Seiden reaffirmed his Outperform rating and $25 price target on Welbilt, telling investors in a research note that the company's management team appears "well prepared" to execute on the forward-thinking strategy put into place by its current executive leadership team. Seiden says Josef Matosevic, the company's incoming interim CEO, has the "clear support" of senior executives and expects him to play an "integral" role in the future of Welbilt. Seiden contends that there is still "meaningful room to run" on Welbilt's sales and margin journeys.
07/13/18
BUCK
07/13/18
NO CHANGE
Target $115
BUCK
Neutral
Middleby earnings estimates 'still a little too high,' says Buckingham
Buckingham analyst James Clement maintained a Neutral rating and $115 price target on The Middleby Corporation (MIDD), telling investors in a research note that his chief concern are earnings estimates that he thinks are "still a little too high" in the near-term. While he thinks commercial foodservice is showing signs of improvement, Clement says he has no visibility on any potential improvements in large Processing orders and is concerned organic sales could decline in proportion with the 28.7% decline seen in Q1. Clement says he prefers Welbilt (WBT) at this time due to its "pure play" commercial foodservice exposure.
06/28/18
KING
06/28/18
INITIATION
KING
Neutral
Welbilt initiated with a Neutral at CL King
CL King initiated Welbilt with a Neutral citing premium valuation, inconsistent growth, and relatively high level of interest expense.
IR Ingersoll-Rand
$105.55

0.56 (0.53%)

01/31/19
FBCO
01/31/19
NO CHANGE
Target $115
FBCO
Outperform
Ingersoll-Rand price target raised to $115 from $108 at Credit Suisse
Credit Suisse analyst John Walsh raised his price target for Ingersoll-Rand to $115 from $108 following quarterly results. The analyst reiterates an Outperform rating on the shares.
01/18/19
OTRG
01/18/19
DOWNGRADE
OTRG
Mixed
Ingersoll-Rand downgraded to Mixed from Positive at OTR Global
OTR Global downgraded US Commercial HVAC Equipment Businesses for United Technologies (UTX), Johnson Controls (JCI), and Ingersoll-Rand (IR) to Mixed from Positive. The firm's checks indicate softer demand and moderating quote activity over the past 90 days driven by seasonal weakness, and economic and political uncertainties.
11/19/18
SPHN
11/19/18
INITIATION
Target $118
SPHN
Overweight
Ingersoll-Rand initiated with an Overweight at Stephens
Stephens analyst Rob McCarthy initiated Ingersoll-Rand with an Overweight rating and a price target of $118, saying the company's non-residential construction business which accounts for over 30% of its revenue is in the midst of a 5-year growth cycle. The analyst expects Ingersoll-Rand's Climate segment to see mid-single-digit growth, supporting the overall EPS growth of double-digits through 2020. McCarthy also anticipates the Q4 results and initial FY19 outlook for Ingersoll-Rand to be "solid" considering its "bookings and order rates".
11/19/18
SPHN
11/19/18
INITIATION
SPHN
Overweight
Ingersoll-Rand initiated with an Overweight at Stephens

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