Applied Industrial Technologies price target raised to $70 from $60 at Wells Fargo » 07:1007/0207/02/20
Wells Fargo analyst…
Wells Fargo analyst Michael McGinn raised the firm's price target on Applied Industrial Technologies to $70 from $60 and keeps an Overweight rating on the shares. While the analyst believes a re-steepening in the curve is more than an outside risk for the economy, Industrial Distribution is in decent shape to weather a second wave. Further, McGinn expects the risk-on mentality that has benefited the group since late March will remain intact. Additionally, management now seems more willing to give monthly and even weekly sales updates, he notes, adding that this is in stark contrast to Q1, where limited guidance left investors to fear for the worst and assume a continued deceleration and recovery more likely a Q3-Q4 event versus Q2.
|Over a week ago|
Atlas Copco downgraded to Hold from Buy at Berenberg » 04:5406/1806/18/20
Berenberg analyst Joel…
Berenberg analyst Joel Spungin downgraded Atlas Copco to Hold from Buy with a SEK 370 price target. The analyst sees a more balanced risk/reward profile with the next few quarters likely to be challenging for the company. He cut estimates for Atlas Copco to account for currency moves and sees a lack of positive catalysts for shares.
Atlas Copco upgraded to Buy from Underperform at BofA » 05:0906/1706/17/20
BofA double upgraded…
BofA double upgraded Atlas Copco to Buy from Underperform.
SoftBank owned Boston Dynamics introduces robot dog Spot » 18:0806/1606/16/20
IRBT, ABB, ROK, ZBRA, ISRG, CGNX, AMZN, GOOG, SFTBY
Robotics firm Boston…
Robotics firm Boston Dynamics, a wholly owned subsidiary of the Japanese conglomerate SoftBank Group (SFTBY), introduces Robotic dog Spot. "Boston Dynamics, the global leader in mobile robotics, today debuted sales for Spot, the agile robot that climbs stairs and traverses rough terrain with ease. This launch marks the first time that businesses can purchase a Boston Dynamics robot, and represents Boston Dynamics' first online sales offering," said the company in a statement. Publicly traded companies that have robotics or a robotic segment may include; Raytheon (RTX), ABB (ABB),Rockwell Automation (ROK), Zebra Technologies (ZBRA), Intuitive Surgical (ISRG), Cognex (CGNX), Amazon (AMZN) and Alphabet (GOOG). Reference Link
Ingersoll-Rand reinstated with a Neutral at Goldman Sachs » 20:0606/1406/14/20
Goldman Sachs analyst Joe…
Goldman Sachs analyst Joe Ritchie reinstated coverage of Ingersoll-Rand (IR) with a Neutral rating and $34 price target. The analyst views the merger positively, and believes a lot of good news is priced into the stock at current levels. Over the long-term, Ritchie thinks the new entity has an opportunity to narrow both the growth and margin gap versus its closest peer, Atlas Copco (ATLKY), given a more comprehensive portfolio, diversified channels and proven playbook. Further, he believes the business has attractive long-term free cash flow characteristics though medium-term will be weighed down by the cost to achieve the synergies.
ABB initiated with an Outperform at Cowen » 05:3506/0906/09/20
Cowen initiated coverage…
Cowen initiated coverage of ABB with an Outperform rating and CHF 25 price target.
|Over a month ago|
ABB price target raised to CHF 19 from CHF 18 at Deutsche Bank » 10:5506/0506/05/20
Deutsche Bank analyst…
Deutsche Bank analyst Gael de-Bray raised the firm's price target on ABB to CHF 19 from CHF 18 and keeps a Hold rating on the shares. The analyst said the price target change reflects higher peers' multiples.
Atlas Copco price target raised to SEK 315 from SEK 290 at Deutsche Bank » 12:1105/2805/28/20
Deutsche Bank analyst…
Deutsche Bank analyst Gael de-Bray raised the firm's price target on Atlas Copco to SEK 315 from SEK 290 and keeps a Sell rating on the shares.
ABB price target lowered to CHF 16.50 from CHF 17 at JPMorgan » 12:4305/2005/20/20
JPMorgan analyst Andreas…
JPMorgan analyst Andreas Willi lowered the firm's price target on ABB to CHF 16.50 from CHF 17 and keeps an Underweight rating on the shares.
Atlas Copco price target raised to SEK 300 from SEK 290 at Barclays » 12:3004/3004/30/20
Barclays analyst Lars…
Barclays analyst Lars Brorson raised the firm's price target on Atlas Copco to SEK 300 from SEK 290 and keeps an Equal Weight rating on the shares.