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Credit Suisse Sees Downside In Ford, Prefers...Caterpillar?
Friday, January 29, 2016 - 11:08am | 518Ford Motor Company (NYSE: F) shares have dropped 18 percent since December 29, while shares of Caterpillar Inc. (NYSE: CAT) are down 11 percent. Credit Suisse analysts maintained a Neutral rating for Ford, while reducing the price target from $15 to $13. The rating and price target for...
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Credit Suisse Offers Key 2016 Topics For Machinery Sector
Wednesday, January 13, 2016 - 3:20pm | 324Credit Suisse issued its Machinery Outlook for 2016 and highlighting names such as Allison Transmission Holdings Inc. (NYSE: ALSN), Deere & Company (NYSE: DE), Cummins Inc. (NYSE: CMI) and Parker-Hannifin Corp (NYSE: PH). Credit Suisse analysts Jamie Cook, Jamie Anderson and Themis Davris...
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Time To Buy Chicago Bridge & Iron, Credit Suisse Says
Wednesday, October 28, 2015 - 10:29am | 317Chicago Bridge & Iron Company N.V. (NYSE: CBI) shares are down 11 percent since July 29, and are trading significantly below their 52-week high of $59.45. Credit Suisse’s Jamie Cook upgraded the rating on the company from Neutral to Outperform, while raising the price target from $...
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Credit Suisse Has Positive Outlook For McDermott International
Tuesday, March 3, 2015 - 11:02am | 256In a report published Tuesday, Credit Suisse analyst Jamie Cook reiterated an Outperform rating and $3.50 price target on McDermott International, Inc. (NYSE: MDR). In the report, Credit Suisse noted, "MDR reported Q4'14 EPS of $0.03, ahead of the street estimate of a loss of $0.06. The beat was...
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Credit Suisse Reiterates Neutral Rating, Raises Price Target On AGCO On Lean Mean EAME Machine
Wednesday, February 4, 2015 - 8:53am | 188In a report published Wednesday, Credit Suisse analyst Jamie Cook reiterated a Neutral rating on AGCO Corporation (NYSE: AGCO), and raised the price target from $44.00 to $46.00. In the report, Credit Suisse noted, "AGCO blew out the Q4'14 consensus EPS by 76% and reiterated its 2015 outlook. The...
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Credit Suisse Raises Price Target On PACCAR Following Earnings Call
Monday, February 2, 2015 - 9:21am | 220In a report published Monday, Credit Suisse analyst Jamie Cook reiterated a Neutral rating on PACCAR (NASDAQ: PCAR), and raised the price target from $61.00 to $63.00. In the report, Credit Suisse noted, “PCAR's stock fell 6% after reporting an in line quarter and raising its 2015 US retail sales...
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UPDATE: Credit Suisse Raises Price Target On Deere & Company Following Management Meetings
Thursday, January 8, 2015 - 10:34am | 136In a report published Thursday, Credit Suisse analyst Jamie Cook reiterated an Outperform rating on Deere & Company (NYSE: DE), and raised the price target from $95.00 to $100.00. In the report, Credit Suisse noted, “On the Q4'14 EPS call, investors left with the impression that Deere called...
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Analysts Respond To Carl Icahn's Stake In Manitowoc Company
Tuesday, December 30, 2014 - 4:36pm | 310Carl Icahn reported a 7.77 percent stake in Manitowoc Company Inc (NYSE: MTW) Monday and called for the break up the company. The stock was up approximately 10 percent after the announcement, although recently traded down 2 percent at $22.35. Credit Suisse analyst Jamie Cook commented that...
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Deere & Company Defended At Credit Suisse Following Lowered Guidance
Friday, November 28, 2014 - 10:13am | 137Despite providing guidance below estimates on Wednesday, shares of Deere & Company (NYSE: DE) showed a fairly muted response, trading down 1 percent. Analyst Jamie Cook of Credit Suisse shared his thoughts following the guidance call: "DE's stock traded down ~1% intraday despite...
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Analysts Like Jacobs Engineering's FY15 Prospects
Wednesday, November 19, 2014 - 5:32pm | 253Jacobs Engineering Group Inc (NYSE: JEC) will see solid demand in 2015 from its energy and chemicals segment customers, while benefits of a recent restructuring kick in, an analyst said Wednesday. Sterne Agee's Michael S. Dudas maintained a Buy rating and $72 target on company after it beat...
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UPDATE: Credit Suisse Upgrades Allison Transmission
Monday, October 20, 2014 - 9:23am | 160In a note issued Monday morning, Credit Suisse analyst Jamie Cook upgraded shares of Allison Transmission Holdings Inc (NYSE: ALSN) from Neutral to Outperform with a $35 price target. Cook commented, "We believe ALSN is compelling on a risk/reward basis as a higher quality NA industrial...
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UPDATE: Credit Suisse Reiterates On Caterpillar As U.S. Markets Remain Bright Spot
Wednesday, October 15, 2014 - 9:34am | 177In a report published Wednesday, Credit Suisse analyst Jamie Cook reiterated an Outperform rating on Caterpillar Inc. (NYSE: CAT), but lowered the price target from $119.00 to $108.00. In the report, Credit Suisse noted, “For 2014, 95% of the dealers we surveyed met their forecasts with markets up...
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UPDATE: Credit Suisse Reiterates Outperform Rating, Lowers PT on Deere & Company Following Brazil Analyst Day
Monday, September 29, 2014 - 7:49am | 145In a report published Monday, Credit Suisse analyst Jamie Cook reiterated an Outperform rating on Deere & Company (NYSE: DE), but lowered the stock's price target from $98.00 to $95.00. In the report, Credit Suisse noted, “We attended DE's analyst meeting in Brazil. The focus...
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UPDATE: Credit Suisse Reiterates On Manitowoc Company On Discussion Of Split
Monday, June 30, 2014 - 9:37am | 131In a report published Monday, Credit Suisse analyst Jamie Cook reiterated an Outperform rating on Manitowoc Company (NYSE: MTW), and raised the price target from $34.00 to $39.00. In the report, Credit Suisse noted, “MTW is one of the largest players in Food Equip ($1.6B revs; 16.3% OM) with one of...
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UPDATE: Credit Suisse Downgrades Foster Wheeler on Potential Deal with AMEC
Tuesday, January 14, 2014 - 11:44am | 218In a report published Tuesday, Credit Suisse analyst Jamie Cook downgraded Foster Wheeler (NASDAQ: FWLT) to Neutral from Outperform following a potential deal with Amec, lowering its price target to $32.00 from $35.00. According to the report, the downgrade regards the potential sale to Amec for...