Fly News Breaks for December 17, 2019
RXN, ETN, CFX, PH
Dec 17, 2019 | 09:45 EDT
As previously reported, BofA/Merrill analyst Andrew Obin upgraded Eaton (ETN), Parker-Hannifin (PH) and Colfax (CFX), all to Buy from Neutral, and double upgraded Rexnord (RXN) to Buy from Underperform as he shuffled his ratings in the Multi-Industry sector. The impacts of tariffs, trade tensions, and decelerating global industrial production should fade in 2020, while the United States-Mexico-Canada Agreement will clear the way for possible reshoring of supply chains to North America, contends Obin. His changes in sector ratings reflects a bias towards stocks with cyclical EPS recovery potential and "strong execution," the analyst added.
News For ETN;PH;CFX;RXN From the Last 2 Days