Information Provided By:
Fly News Breaks for January 4, 2018
Jan 4, 2018 | 15:54 EDT
Stifel analyst Michael Baudendistel noted that ACT Research reported December Class 8 truck orders of 37,500 units, up 75% year-over year and modestly stronger than October's 36,100 units. While not significantly out of line with expectations, the order data should be viewed positively, said Baudendistel, who reiterates his Buy ratings on Meritor (MTOR), Navistar (NAV) and Wabco (WBC). The Fly notes that other names leveraged to Class 8 truck data include Paccar (PCAR), Cummins (CMI), Allison Transmission (ALSN) and Eaton (ETN).
News For NAV;WBC;MTOR;PCAR;CMI;ALSN;ETN From the Last 2 Days
Apr 25, 2018 | 10:32 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Biogen (BIIB) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Terence Flynn saying pipeline and balance sheet optionality are taking longer to materialize than expected but valuation reflects limited value to Aducanumab or Biogen's Phase 2 neuro pipeline. 2. GrubHub (GRUB) downgraded to Neutral on valuation at Roth Capital with analyst Darren Aftahi citing valuation. 3. Paccar (PCAR) downgraded to Sector Perform from Outperform at RBC Capital and to Neutral from Buy at BofA/Merrill. 4. Caterpillar (CAT) downgraded to Neutral from Outperform at Daiwa. 5. Edwards Lifesciences (EW) downgraded to Market Perform from Outperform at Northland. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Apr 25, 2018 | 07:57 EDT
As reported earlier, RBC Capital analyst Seth Weber downgraded Paccar to Sector Perform from Outperform and lowered his price target to $73 from $82. Weber says he is increasingly concerned with the company's margins due to "peak NAFTA C18 truck cycle" along with the industry's high used truck supply becoming headwinds for the stock. Despite its position as a "best-in-class operator with a strong balance sheet", the analyst sees few catalysts for Paccar that would warrant a higher valuation.
Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.