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A Trade War Agriculture Pair Trade From JPMorgan
Tuesday, May 14, 2019 - 9:35am | 385Read More...Stocks have taken a beating in the past two weeks thanks to a rise in international trade tensions between the U.S. and China. China is targeting U.S. agriculture with its latest round of tariffs, but one analyst has suggested an agriculture pair trade to help investors mitigate the trade war risk...
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Why Archer Daniels Midland's Stock Is Fairly Valued, According To JPMorgan
Tuesday, July 10, 2018 - 12:50pm | 374Read More...Due to the elevated risk of disruption to U.S. agricultural trade, JPMorgan analysts said Archer Daniels Midland Co (NYSE: ADM) has an even risk-reward profile as the food producer’s July 31 second-quarter earnings report approaches. The Analyst JPMorgan's Ann Duignan on Monday upgraded...
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JPMorgan Downgrades Actuant On Valuation After 23% Rally
Thursday, June 21, 2018 - 12:11pm | 298Read More...With Actuant Corp (NYSE: ATU) rallying from its recent trough on news of improvement in international offshore rig counts, the stock's valuation appears stretched, according to JPMorgan. The Analyst Ann Duignan of JP Morgan downgraded Actuant from Neutral to Underweight with a $25 price...
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Caterpillar Remains 'Undervalued' After 75% Gain In 2017, Says JPMorgan
Monday, January 8, 2018 - 11:00am | 413Read More...Caterpillar Inc. (NYSE: CAT) investors saw a return of 75 percent in 2017 versus the S&P 500's 22-percent gain, and a Wall Street analyst is projecting the growth will continue. The Analyst JPMorgan's Ann Duignan upgraded Caterpillar's stock from Neutral to Overweight...
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Specter Of Trump's Agriculture Policies Prompt JPMorgan To Downgrade Archer Daniels
Friday, November 11, 2016 - 1:44pm | 328Read More...Shares of Archer Daniels Midland Company (NYSE: ADM) were down 7 percent after JPMorgan downgraded it to Underweight, citing Donald Trump’s surprise victory could have significant implications for the agriculture sector. “[T]he full impact of the Presidential election result is hard...
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Industry Weakness Could Reflect Unfavorably Upon PACCAR
Monday, June 27, 2016 - 10:51am | 251Read More...Given the weakening industrial production and durable goods orders, JPMorgan’s Ann Duignan expects the truckload market to continue to be weak in 2016, which could adversely impact freight rates into 2017. Duignan downgraded the rating on PACCAR Inc (NASDAQ: PCAR) from Neutral to Underweight...
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Parker-Hannifin: Be Wary Of Bad Guidance
Monday, June 27, 2016 - 8:43am | 193Read More...JPMorgan has downgraded Parker-Hannifin Corp (NYSE: PH) to Underweight from Neutral on continued weakness of industrial production and the impact across the company's broad-end market exposure. "Our Underweight rating is predicated on the fact that PH's revenues are highly correlated with...
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AGCO Downgraded By JPMorgan On Weakness In The European Market
Monday, June 27, 2016 - 8:27am | 227Read More...JPMorgan has downgraded AGCO Corporation (NYSE: AGCO) to Underweight from Neutral on weak EU agriculture fundamentals and rising dollar, which is expected to weigh on the company's North American business. "Sentiment is weakening in Europe and, with a pre-buy dynamic in France now behind us, the...
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Questions Remain For Caterpillar, JPMorgan Says
Thursday, March 17, 2016 - 10:41am | 235Read More...JP Morgan’s Ann Duignan maintained a Neutral rating for Caterpillar Inc. (NYSE: CAT), with a price target of $60, after the company preannounced its 1Q revenue sand EPS. Caterpillar announced that its 1Q results will reflect the seasonal weakness witnessed historically. The company...
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Why J.P. Morgan Isn't In Love With Ag Stocks Deere Or CNH Industrial
Monday, November 16, 2015 - 10:47am | 337Read More...CNH Industrial NV (NYSE: CNHI) Shares are down 16 percent year-to-date, while shares of Deere & Company (NYSE: DE) have declined 15 percent over the same period. JP Morgan’s Ann Duignan downgraded the rating on CNH Industrial from Neutral to Underweight, while maintaining an...
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UPDATE: JP Morgan Downgrades Oshkosh
Monday, August 11, 2014 - 11:35am | 102Read More...In a note released Monday, JP Morgan analyst Ann Duignan downgraded shares of Oshkosh (NYSE: OSK) from Overweight to Neutral and lowered the price target from $57 to $48. "At this point in the cycle we believe investors will benefit by shifting from names with more residential construction...
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Archer Daniels Midland Goes 'Wild' On Natural Flavors To The Tune Of $3.13 Billion
Tuesday, July 8, 2014 - 1:48pm | 583Read More...Archer Daniels Midland (NYSE: ADM) said Monday it would acquire privately held Swiss company Wild Flavors for $3.13 billion, the biggest acquisition yet for the agribusiness giant. Wild Flavors, founded in 1931, produces natural-based flavors and “flavor systems” that give food...
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UPDATE: J.P. Morgan Downgrades Caterpillar on Weaker Execution, Mounting Headwinds
Thursday, October 24, 2013 - 9:28am | 234Read More...In a report published Thursday, J.P. Morgan analyst Ann Duignan downgraded the rating on Caterpillar (NYSE: CAT) from Overweight to Neutral, and lowered the price target from $105.00 to $90.00. In the report, J.P. Morgan noted, “We are downgrading CAT from OW to N on weaker execution and mounting...
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UPDATE: J.P. Morgan Downgrades Kennametal to Neutral Following FQ4'13 Report
Friday, July 26, 2013 - 11:11am | 200Read More...In a report published Friday, J.P. Morgan analyst Ann Duignan downgraded the rating on Kennametal (NYSE: KMT) from Overweight to Neutral, but reiterated the $46.00 price target. In the report, J.P. Morgan noted, “KMT posted a slightly upside FQ4'13 report, and issued its FY'14 EPS outlook; the...
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UPDATE: J.P. Morgan Upgrades Archer Daniels Midland on Multiple Risk Factors
Friday, July 19, 2013 - 10:13am | 143Read More...In a report published Friday, J.P. Morgan analyst Ann Duignan upgraded Archer Daniels Midland (NYSE: ADM) from Underweight to Neutral, and raised the price target from $29.00 to $33.00. In the report, J.P. Morgan noted, “Overall, our Neutral rating (from Underweight) reflects the variety of...
