Bank of America Downgrades Several Industrial Stocks

On Tuesday, Bank of America analysts downgraded multiple industrial names:

Cummins Inc. CMI downgraded from Buy to Neutral; lowered price target from $165.00 to $150.00. Currently $131.32 down 3.5 percent.

AGCO Corporation AGCO downgraded from Buy to Neutral; lowered price target to $50 from $55. Currently $43.51 down 7.6 percent.

United Rentals Inc. URI downgraded from Buy to Neutral; lowered price target from $125 to $120. Currently $102.50 down 4.2 percent.

Terex Corporation TEX downgraded from Neutral to Underperform; lowered price target from $37 to $30. Currently $30.63 down 2.5 percent.

Deere & Company DE downgraded from Neutral to Underperform; lowered price target from $90 to $82. Currently $81.35 down 1.9 percent.