Market Overview

UBS' Sector-Wide Industrial Call, Initiates Coverage On 15 Stocks

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UBS initiated sector-wide coverage on industrial stocks, including more than 15 names like General Electric Company (NYSE: GE), 3M Co (NYSE: MMM) and Rockwell Automation (NYSE: ROK), according to Bloomberg.

The firm reportedly said that the sector has a low value in comparison to the S&P 500. Analysts also mentioned the sector's financials, which have "potential for outperformance," but added that lower crude oil prices are a negative.

Below the ratings:

Initiated With A Buy Rating

General Electric

Danaher Corporation (NYSE: DHR)

3M Co

Rockwell Automation

Eaton Corp (NYSE: ETN)

Roper Industries, Inc. (NYSE: ROP)

Crane Co. (NYSE: CR)

SPX Corporation (NYSE: SPW)

Ingersoll-Rand plc (NYSE: IR)

Lennox International Inc. (NYSE: LII)

Initiated With A Neutral Rating

Honeywell International Inc. (NYSE: HON)

Dover Corp (NYSE: DOV)

Emerson Electric Co. (NYSE: EMR)

ITT Corp (NYSE: ITT)

Pentair (NYSE: PNR)

Initiated With A Sell Rating

Tyco International (NYSE: TYC)

Latest Ratings for GE

DateFirmActionFromTo
Jul 2019DowngradesBuyNeutral
Apr 2019DowngradesNeutralUnderweight
Mar 2019MaintainsOverweightOverweight

View More Analyst Ratings for GE
View the Latest Analyst Ratings

Posted-In: UBSAnalyst Color Initiation Analyst Ratings

 

Related Articles (CR + DHR)

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Latest Ratings

StockFirmActionPT
SKXMaintains44.0
HYMaintains66.0
MSFTMaintains160.0
SKXUpgrades
WLTWMaintains208.0
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