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Intensifying Competition For Stanley Black & Decker Turns BofA Bearish
Monday, January 4, 2021 - 11:06am | 286Read More...Stanley Black & Decker, Inc. (NYSE: SWK) faces more challenges than tougher comps in the back half of 2021 and its performance is likely to be impacted over the next couple of years by rising competition and peaking margins in the power tool space, according to BofA Securities. The Stanley...
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BofA Upgrades United Rentals, Says COVID Vaccine A Potential 'Cure' For Industry
Friday, November 20, 2020 - 11:00am | 296Read More...A potential vaccine against COVID-19 is a potential "cure" for non-residential equipment rental companies like United Rentals, Inc. (NYSE: URI), according to BofA Securities. The United Rentals Analyst: Ross Gilardi upgraded United Rentals' stock from Neutral to Buy with a price...
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BofA Cuts Caterpillar Target, Earnings Estimates
Wednesday, October 28, 2020 - 5:29pm | 237Read More...Caterpillar Inc. (NYSE: CAT) reported mixed results for the third quarter and faced some impediments that could limit its leverage when the economy improves, according to BofA Securities. The Caterpillar Analyst: Ross Gilardi maintained a Neutral rating for Caterpillar while reducing its price...
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Why BofA Is Sidelined On Caterpillar
Friday, September 18, 2020 - 2:50pm | 282Read More...A call with Caterpillar Inc’s (NYSE: CAT) largest equipment dealer in Australia was encouraging, but the lack of a pickup in resource industries remains a concern, according to BofA Securities. The Caterpillar Analyst: Ross Gilardi maintained a Neutral rating on Caterpillar with a $155 price...
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Wall Street Cultivates Even More Bullish Outlook For Deere
Monday, August 24, 2020 - 2:57pm | 708Read More...Agricultural machinery maker Deere & Company (NYSE: DE) reported fiscal third-quarter results that prompted some analysts to turn more positive on the stock. Deere reported earnings of $2.57 per share, which beat the analyst consensus estimate of $1.26. The company reported third-quarter...
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Why BofA Is Turning Bullish On Generac Holdings Just In Time For Hurricane Season
Thursday, August 6, 2020 - 10:29am | 362Read More...Although shares of Generac Holdings Inc. (NYSE: GNRC) have rallied to record highs, the stock seems to be more room to run, with the hurricane and wildfire seasons ahead, a reacceleration in clean energy and a possible bottoming of the industrial business, according to BofA Securities. The Generac...
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BofA Upgrades Caterpillar, Herc Holdings On Improving Construction Signals
Wednesday, July 8, 2020 - 10:55am | 414Read More...A proprietary survey of 71 construction equipment dealers from around the world indicates better trends than feared, which is consistent with the recent improvement in economic data, according to BofA Securities. The Construction Equipment Upgrades: BofA’s Ross Gilardi upgraded ...
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Analyst: Black & Decker's Defensive Margin Strategy May Stunt Competitiveness
Tuesday, May 12, 2020 - 3:22pm | 398Read More...Stanley Black & Decker, Inc. (NYSE: SWK) has recovered some of its March coronavirus losses, but it still trades down 16% year over year and 33% year to date. One analyst team sees limits to the company’s recovery. The Black & Decker Rating Bank of America analysts Ross Gilardi and...
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BofA Downgrades Caterpillar, Says Energy Problem Is Here To Stay
Monday, April 13, 2020 - 9:10am | 324Read More...Energy is a problem end market and Caterpillar Inc. (NYSE: CAT) has energy exposure throughout its product portfolio, according to BofA Securities. The Caterpillar Analyst BofA’s Ross Gilardi downgraded Caterpillar's stock from Neutral to Underperform, keeping the price target at $...
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BofA Downgrades Caterpillar, Strengths Not Enough To Offset Energy Exposure
Friday, March 27, 2020 - 11:24am | 319Read More...While Caterpillar Inc. (NYSE: CAT) has a strong balance sheet and a dividend yield of nearly 4%, these are not enough in the current scenario, according to BofA Securities. The Caterpillar Analyst Ross Gilardi downgraded Caterpillar from Buy to Neutral, while reducing the price target from $...
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Deere Trades higher After Major Q1 Earnings Beat
Friday, February 21, 2020 - 10:54am | 365Read More...Deere & Company (NYSE: DE) far exceeded the Street’s first-quarter expectations. The company's $1.63 bottom line beat $1.26 consensus estimates, while sales of $7.63 billion surpassed forecasts of $6.42 billion. For the most part, investors liked what they saw. Shares traded up 7.1%...
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Bank Of America Downgrades Deere After Big Run
Wednesday, February 13, 2019 - 12:46pm | 376Read More...Deere & Company (NYSE: DE) shares have performed very well over the past six months, but one Wall Street analyst said Wednesday Deere may have finally run out of gas. The Analyst Bank of America analyst Ross Gilardi downgraded Deere from Buy to Neutral and cut his price target for the stock...
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The Street Reacts To Caterpillar's First Notable Miss In Years
Tuesday, January 29, 2019 - 12:41pm | 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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Bank Of America Sees 20% Upside In Caterpillar
Monday, December 3, 2018 - 3:25pm | 337Read More...The economic boom cycle remains in the late stages, but recent macro events now supports a bullish stance on Caterpillar Inc. (NYSE: CAT), according to Bank of America. The Analyst Bank of America's Ross Gilardi upgraded Caterpillar from Neutral to Buy with a price target lifted from $140 to $...
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Bank Of America's Bearish Thesis On Timken Ends
Wednesday, August 8, 2018 - 3:08pm | 402Read More...The bearish case for Timken Co (NYSE: TKR), a maker of engineered bearings and power transmission products, has come to an end after the company released its second-quarter results, according to Bank of America. The Analyst Bank of America's Ross Gilardi upgraded Timken from Underperform...
