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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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Analysts Say The Market Is Getting Caterpillar Earnings Wrong
Wednesday, October 24, 2018 - 1:51pm | 414Read More...Caterpillar Inc. (NYSE: CAT) dropped another 3 percent Wednesday after the company released its Q3 earnings report Tuesday morning. Wall Street analysts, however, remain bullish on Caterpillar in the near term and see the sell-off as a buying opportunity for investors. Here’s a sampling of...
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Baird Turns Positive On Machinery Stocks, Upgrades Caterpillar, Manitowoc, Sun Hydraulics
Friday, September 21, 2018 - 2:00pm | 635Read More...Machinery stocks have meaningfully lagged behind the diversified industrial stocks as well as the overall market, rendering an attractive risk-reward proposition, according to Baird. The Analyst Analyst Mircea Dobre upgraded shares of machinery stocks Caterpillar Inc. (NYSE: CAT),...
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Time For Profit Taking In Deere Shares?
Monday, August 21, 2017 - 2:37pm | 336Read More...Deere & Company (NYSE: DE) shares were up more than 50 percent in the past year prior to a 5.3 percent Friday sell-off in the wake of a disappointing earnings report. Now that the numbers are out, Deere investors must decide whether or not to join the ranks of the profit takers. Unfortunately,...
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Caterpillar Investors Expecting A 'Beat-And-Raise' Print
Wednesday, April 12, 2017 - 3:01pm | 546Read More...Amid high expectations, Caterpillar Inc. (NYSE: CAT) investors are bracing for a beat-and-raise quarter, Baird said in a note previewing the company's first quarter results. Caterpillar is scheduled to report is results before the markets open on April 25. The company is expected to report...
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Komatsu Has No Competition In Bid To Buy Joy Global, Baird Goes Neutral
Friday, September 2, 2016 - 1:47pm | 354Read More...A day after Joy Global Inc. (NYSE: JOY) reported lower-than-expected results, Baird Equity Research downgraded the shares to a Neutral rating. Analysts Mircea Dobre and Joseph Grabowski cited that there is no competition to bid the company following Komatsu's offer to buy it. However, the brokerage...
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A Pair Of Manufacturing Downgrades At Baird: Illinois Tool Works And Rexnord
Friday, June 24, 2016 - 9:33am | 330Read More...While the end markets for the US Manufacturing Sector remain challenged, consumer-driven growth “appears poised to slow” and raw material prices are rising, Baird’s Mircea Dobre said in a report. He added that capital good stocks typically underperformed between May and October...
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Why Wall Street Is Fleeing Manitowoc
Thursday, October 15, 2015 - 9:54am | 461Read More...Shares of Manitowoc Company Inc (NYSE: MTW) were lower by nearly 15 percent during Thursday's pre-market session. The company reported Wednesday afternoon that it is seeing a "deteriorating" demand environment in Middle East and Asia Cranes segment. Analysts at Baird and...
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UPDATE: Baird Equity Research Initiates Coverage on Jason Industries On Positive Outlook
Thursday, March 26, 2015 - 7:21am | 116Read More...In a report published Thursday, Baird Equity Research analyst Mircea Dobre initiated coverage on Jason Industries, Inc. (NASDAQ: JASN) with an Outperform rating and $10.00 price target. In the report, Baird Equity Research noted, "JASN is a diversified industrial manufacturer benefiting from an...
