Skip to main content

Market Overview

Deutsche Bank Initiates Coverage On 17 U.S. Machinery Stocks

Share:
Deutsche Bank Initiates Coverage On 17 U.S. Machinery Stocks

Deutsche Bank initiated its coverage on the U.S. machinery sector with a cautious view. Analysts Nicole DeBlase and Saree Boroditsky believe natural resource markets have bottomed. However, they expect the industry to record only low-single-digit organic growth until the year 2020.

The brokerage picked up Caterpillar Inc. (NYSE: CAT) as the top pick, citing gains from restructuring. In all, 17 companies' shares were initiated with coverage. Of these, only three stocks merited a Buy rating, while two stocks are rated at Sell. The remainder elicited Hold ratings.

Deutsche Bank pointed out that machinery volume remained lackluster while industry organic growth is not inspiring. The brokerage believes that the low-single-digit growth would continue in the next two to four years.

Buy

The following stocks are rated as Buy:

  • Caterpillar, $98 price target.
  • Oshkosh Corp (NYSE: OSK), price objective of $62.
  • Westinghouse Air Brake Technologies Corp (NYSE: WAB), price target of $90.

Related Link: Gordon Johnson On Sell-Rated Caterpillar: You Can't Fool All The People All The Time

Hold

The brokerage initiated Hold rating on the following stocks:

  • Deer & Company (NYSE: DE), $90 price target.
  • PACCAR Inc (NASDAQ: PCAR), $63 price target.
  • United Rentals, Inc. (NYSE: URI), $79 price target.
  • WABCO Holdings Inc. (NYSE: WBC), $113 price target.
  • Allison Transmission Holdings Inc (NYSE: ALSN), $30 price target.
  • AGCO Corporation (NYSE: AGCO), $54 price objective.
  • Terex Corporation (NYSE: TEX), $26 price tag.
  • Navistar International Corp (NYSE: NAV), $14 price target.
  • Manitowoc Company Inc (NYSE: MTW), $5 price objective.
  • Middleby Corp (NASDAQ: MIDD), $123 price tag.
  • Graco Inc. (NYSE: GGG), $83 price target.
  • Lincoln Electric Holdings, Inc. (NASDAQ: LECO), $70 price objective.

Related Link: Deutsche Bank Initiates CNH Industrial With Sell Rating

Sell

The following shares are rated at Sell:

  • Cummins Inc. (NYSE: CMI), $111 price target.
  • CNH Industrial NV (NYSE: CNHI), $6 price tag.

Full ratings data available on Benzinga Pro.

Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

Latest Ratings for CAT

DateFirmActionFromTo
Apr 2021Deutsche BankMaintainsBuy
Apr 2021Wolfe ResearchInitiates Coverage OnOutperform
Apr 2021Morgan StanleyMaintainsUnderweight

View More Analyst Ratings for CAT
View the Latest Analyst Ratings

 

Related Articles (CAT)

View Comments and Join the Discussion!

Posted-In: Deutsche BankAnalyst Color Long Ideas Short Ideas Price Target Initiation Analyst Ratings Trading Ideas Best of Benzinga

Latest Ratings

StockFirmActionPT
GIKColliers SecuritiesInitiates Coverage On14.0
SANWLake StreetInitiates Coverage On6.0
LILAMorgan StanleyDowngrades15.0
BEJP MorganUpgrades36.0
NEXACredit SuisseUpgrades11.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com