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Who Could Win, Lose As US Homebuilding Starts Decline: Home Depot 'Performing Well' During Coronavirus Crisis
Tuesday, May 19, 2020 - 11:25am | 862Read More...The coronavirus capped groundbreaking on U.S. homebuilding projects at a five-year low for the month of April, according to a Tuesday report from the Commerce Department. “Due to recent events surrounding COVID-19, many governments and businesses are operating on a limited capacity or have...
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Morgan Stanley On Caterpillar And United Rental's Stock: 'Time To Leave'
Monday, April 27, 2020 - 1:43pm | 382Read More...Construction-focused companies Caterpillar Inc. (NYSE: CAT) and United Rentals, Inc. (NYSE: URI) have some of the highest exposure rates to U.S. non-residential construction, which is likely to enter a multi-year downturn cycle due to the coronavirus, according to Morgan Stanley. The Analyst...
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HaulHub Raises $30M To Expand Transportation Platform
Thursday, March 5, 2020 - 9:52am | 524Read More...HaulHub Technologies, a logistics startup serving the construction industry, announced Thursday it has secured $30 million in Series B funding to expand its transportation management platform. Led by funds and accounts advised by T. Rowe Price Associates and Durable Capital Partners LP, the...
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Europa Worldwide Gets New Head Of Property To Manage Construction Of Its £60 Million Futuristic Warehouse
Monday, November 25, 2019 - 1:05pm | 616Read More...Multimodal logistics service provider Europa Worldwide Group has appointed Alec Kirkbride, the former national building manager of supermarket chain Aldi Stores U.K., as the head of property for its new £60 million state-of-the-art logistics facility being built at Midlands Logistics Park in Corby...
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Buckingham Bullish On Owens Corning Ahead Of Q3 Earnings Print
Tuesday, October 22, 2019 - 2:09pm | 368Read More...Roofing company Owens Corning (NYSE: OC) is expected to discuss on its third-quarter conference call signs of an improving residential end market, according to Buckingham. The Analyst Buckingham Research Group analyst Megan McGrath upgraded Owens Corning from Neutral to Buy with a price target...
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Today's Pickup: Technology Deployment Specialist Velociti Enters Construction Market
Tuesday, September 17, 2019 - 10:15am | 836Read More...Good day, Already established in the commercial truck market, Velociti is now entering the booming construction markets, the company said. Velociti provides onsite installation and support for technology deployment. "The construction industry is adopting technology to reduce downtime, improve the...
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Headwinds Loom For Trucking And Construction
Wednesday, June 12, 2019 - 11:07am | 1404Read More...As capacity continues to increase in the trucking industry against the backdrop of record levels of new truck and trailer orders in late 2018, outbound tender volumes are only down 3.96 percent year-over-year, setting up an interesting scenario heading into the all-important summer construction...
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The Double Downgrade Hurting Caterpillar's Stock
Tuesday, February 26, 2019 - 12:08pm | 367Read More...Dow Jones component Caterpillar Inc. (NYSE: CAT) is likely to see around 55 percent of its end markets peak in 2019, followed by declining earnings in 2020, according to UBS. The Analyst UBS analyst Steven Fisher downgraded Caterpillar from Buy to Sell with a price target lowered from $...
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The Street Reacts To Caterpillar's First Notable Miss In Years
Tuesday, January 29, 2019 - 1:41pm | 898Read More...Heavy construction and equipment maker Caterpillar Inc. (NYSE: CAT) reported Monday with fourth-quarter results that fell short of expectations for the first time in around two years. Here's how the Street reacted. The Analysts Morgan Stanley's Courtney Yakavonis maintains an...
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Rapid-Fire Pitch: Keyturn
Tuesday, December 25, 2018 - 10:42am | 639Read More...David Bryan believes he has an answer to reducing risk and increasing efficiency in the construction industry supply chain - what he contends is the most fragmented and complex of all supply chains – through a company called Keyturn. Bryan, co-founder of Keyturn, along with colleague Kari...
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'Hammer Time': 3 Reasons Why Credit Suisse Is Bullish On Stanley Black & Decker
Monday, September 17, 2018 - 2:14pm | 474Read More...Building products maker Stanley Black & Decker, Inc. (NYSE: SWK) is best-positioned within the space and should grow from a combination of management-level initiatives and a strong macro environment, according to Credit Suisse. The Analyst Credit Suisse's Susan Maklari initiated coverage of...
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What Is Driving The Construction Market Boom?
Friday, September 14, 2018 - 4:42pm | 843Read More...With hurricane season in full swing, it makes sense to take a look at the construction market, since it has historically been one of the beneficiaries. This year is expected to be a normal storm year, unlike 2017, which was one of the ten worst years for storms. That said, Hurricane Florence is...
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KeyBanc's Bullish Thesis On Federal Signal Played Out As Expected
Wednesday, August 8, 2018 - 1:27pm | 317Read More...Shares of Federal Signal Corporation (NYSE: FSS) gained 17 percent Tuesday and hit a new all-time high of $28.32 in reaction to its second-quarter earnings report. This now puts an end to KeyBanc's year-long bullish stance on the stock. The Analyst KeyBanc Capital Markets' Steve Barger...
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Raymond James Upgrades Homebuilder D.R. Horton After 'Strong' Q3
Wednesday, August 1, 2018 - 2:19pm | 368Read More...Construction company D.R. Horton, Inc. (NYSE: DHI)’s upside return on invested capital is enough to warrant a new valuation approach, according to Raymond James. The Analyst Raymond James analyst Buck Horne upgraded D.R. Horton from Outperform to Strong Buy with a price target...
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Imperial Capital Finds 5 Reasons To Like Construction Partners
Friday, June 29, 2018 - 11:47am | 379Read More...Construction Partners Inc (NASDAQ: ROAD), a civil infrastructure company that constructs and maintains roadways across multiple southeastern states, should be bought by investors for five reasons, according to Imperial Capital. The Analyst Imperial Capital's Adam Hackel initiated coverage of...
