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Bank Of America Downgrades Deere After Big Run
Wednesday, February 13, 2019 - 1:46pm | 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 - 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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Bank Of America Sees 20% Upside In Caterpillar
Monday, December 3, 2018 - 4:25pm | 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 - 4:08pm | 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...
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Illinois Tool Works, 'The Gold Standard,' Initiated With A Buy At BofA
Monday, December 11, 2017 - 3:41pm | 274Read More...Illinois Tool Works Inc. (NYSE: ITW) hosted its 2017 investors day Dec. 1 and projected 8-10 percent earnings per share growth each year. The Analyst Bank of America Merrill Lynch's Ross Gilardi initiated coverage of Illinois Tool Works with a Buy and $190 price target. The...
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Merrill Lynch: Tesla Semi Announcement Could Be A Reason To Buy Allison Transmission
Tuesday, November 14, 2017 - 12:28pm | 483Read More...The long-delayed unveiling of Tesla Inc (NASDAQ: TSLA)’s semi-truck is finally here, and hype surrounding the Thursday event already catalyzed a 4-percent run in the stock. Tesla Semi Truck unveil to be webcast live on Thursday at 8pm! This will blow your mind clear out of your skull and into...
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Bank Of America Advises Selling AGCO Shares
Friday, October 13, 2017 - 12:09pm | 450Read More...Bank of America Merrill Lynch downgraded AGCO Corporation (NYSE: AGCO) on data suggesting the global tractor market recovery is not materializing. The firm downgraded AGCO from Neutral to Underperform and lowered its price target for the company from $75 to $70. At the time of writing, the farm...
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3 I's Of Why You Should Own Generac: Irma, International, Industrial
Friday, September 15, 2017 - 4:14pm | 292Read More...Generac Holdings Inc. (NYSE: GNRC), an American manufacturer of backup generators, has been thrust into the investor spotlight again after Hurricane Irma. One week after the Category 5 hurricane decimated Florida, over 2.5 million households in Florida and surrounding states are still left without...
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Defense Is Facing An Air Pocket In 2018; BofA Downgrades Oshkosh
Friday, July 7, 2017 - 11:09am | 327Read More...Shares of Oshkosh Corp (NYSE: OSK) lost more than 5 percent Friday morning after analysts at Bank of America turned bearish on the defense contractor. Bank of America's Ross Gilardi downgraded Oshkosh's stock from Neutral to Underperform with a price target lowered from $75 to $60 as...
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Caterpillar: Big Trouble In Little Peoria
Friday, March 3, 2017 - 2:29pm | 364Read More...Share of Caterpillar Inc. (NYSE: CAT) came under serious selling pressure Thursday after three federal agencies raided the company's corporate headquarters in Peoria, Illinois. On Friday, Ross Gilardi of Bank of America offered his take on the situation. For starters, Gilardi believes...
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BofA Sees 'Encouraging Signs' For Joy Global
Monday, June 6, 2016 - 6:21pm | 144Read More...Bank of America Merrill analyst Ross Gilardi highlighted "encouraging signs" for Joy Global Inc. (NYSE: JOY) in a research note from Monday morning. Although the analyst maintained a Neutral rating on the issue, he highlighted "Joy Global shares are up 22% over the last two days...
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Bank Of America Upgrades PACCAR To Buy, Labels It 'Best In Breed'
Monday, May 9, 2016 - 9:52am | 328Read More...PACCAR Inc (NASDAQ: PCAR) reported April Class 8 Orders of 166 units, the worst since August 2010. Bank of America Merrill Lynch’s Ross Gilardi upgraded the rating for the company from Neutral to Buy, while raising the price objective from $55 to $70. The analyst commented that the company...
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BoA Upgrades CNH Industrial To Buy For 'First Time Ever'
Monday, April 18, 2016 - 10:23am | 276Read More...CNH Industrial NV (NYSE: CNHI) shares have lost 21 percent over the past one year. BofA Merrill Lynch’s Ross Gilardi upgraded the rating for the company from Neutral to Buy, while raising the price objective to $8. “The current mood on the global ag equipment markets remains dreary...
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Allison Transmission Gets Boost From Bank Of America: Here's What Made Investors Buy
Wednesday, March 2, 2016 - 10:42am | 251Read More...On Wednesday, Bank of America Merrill Lynch issued a company note on Allison Transmission Holdings Inc (NYSE: ALSN) following share price underperformance in 2016. Analysts at Bank of America Merrill Lynch upgraded Allison Transmission from Neutral to Buy, while increasing their price target from $...
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Cummins, Joy Global Shareholders Destroyed By Bank Of America Downgrades
Tuesday, December 1, 2015 - 10:39am | 504Read More...Shares of Joy Global Inc. (NYSE: JOY) and Cummins Inc. (NYSE: CMI) have declined steadily in 2015 and are down 67 percent and 31 percent, respectively, year-to-date. BofA Merrill Lynch’s Ross Gilardi downgraded the rating on Joy Global from Neutral to Underperform and on Cummins from...
