U.S. machinery

Oshkosh Corp (NYSE: OSK) disappointed investors by providing downbeat outlook for the fiscal year 2017 though it offered upbeat forecast for the current fiscal year. This sparked investors to dump the stock in the pre-market trading on Friday. The outlook provided by the company is likely to...

Deutsche Bank is cautious on the machinery sector in the United States. Analysts Nicole DeBlase and Saree Boroditsky don't see any recovery in sight in the natural resources segment, although they think the sector has bottomed. However, the brokerage picked up Caterpillar Inc. (NYSE: CAT) as the...

Barclays provided its outlook on U.S. machinery, recommending investors to avoid buying the group this summer. The analysts reduced their 2017 estimates on the sector by 7 percent on average, stating there is no stability in machinery earnings yet, and they expect most companies in this group to...