Morgan Stanley Lowers Price Target For Several Machinery Stocks

Morgan Stanley Lowers Price Target For Several Machinery Stocks
  • Morgan Stanley analyst Courtney Yakavonis lowered the Price target for several Machinery stocks.
  • Timken Co TKR price target was lowered to $76 (implying an upside of 8.7%) from $84, while an Equal-Weight rating on the shares was maintained.
  • Terex Corp's TEX price target was reduced to $50 (implying an upside of 24%) from $55, and an Equal-Weight rating was kept.
  • Rev Group Inc REVG price target was lowered to $16 (implying an upside of 5%) from $17, and Equal-Weight was kept.
  • PACCAR Inc PCAR price target was cut to $87 (implying an upside of 3%) from $96, and an Equal-Weight on the shares was maintained.
  • Oshkosh Corp's OSK price target was lowered to $134 (implying an upside of 36%) from $148 with Overweight ratings maintained on the shares.
  • Cummins Inc. CMI price target was reduced to $252 (implying an upside of 8%) from $264, and an Equal-Weight rating was maintained.
  • Caterpillar Inc. CAT price target was lowered to $165 (implying a downside of 13%) from $172, and an Underweight rating was maintained on the shares.
  • AGCO Corp's AGCO price target was lowered to $156 (implying an upside of 24%) from $170, and an Overweight rating on the shares was maintained.
  • Morgan Stanley analyst Dillon Cumming lowered Lincoln Electric Holdings, Inc's LECO price target to $138 (implying an upside of 4%) from $142 and kept Equal-Weight ratings on the shares.
  • Cumming lowered Donaldson Company, Inc.'s DCI price target to $73 (implying an upside of 27%) from $75 and kept an Overweight rating on the shares.
  • Price Action: TKR shares are trading lower by 0.85% at $69.73, TEX lower by 0.5% at $40.2, REVG lower by 2.98% at $15.31, PCAR higher by 0.69% at $84.18, OSK lower by 0.45% at $98.19, CMI higher by 0.66% at $231.65, CAT lower by 0.12% at $189.67, AGCO higher by 0.95% at $125.24, LECO higher by 0.93% at $133.06 and DCI higher by 1.52% at $57.47 on the last check Wednesday.

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