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BofA Upgrades Generac On The Rekindling Of The Home As A Sanctuary Theme
Thursday, December 16, 2021 - 12:51pm | 230Generac Holdings Inc’s (NYSE: GNRC) stock has lost around 30% over the last six weeks and now offers an attractive buying opportunity, according to BofA Securities. The Generac Holdings Analyst: Ross Gilardi upgraded the rating for Generac Holdings from Neutral to Buy, while keeping the price...
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BofA Downgrades Generac On Supply Chain Woes
Wednesday, November 3, 2021 - 5:01pm | 301Although Generac Holdings Inc’s (NYSE: GNRC) longer-term prospects remain bright and the demand for its products continues to boom, the company is being impacted by supply chain constraints, according to BofA Securities. The Generac Holdings Analyst: Ross Gilardi downgraded the rating for...
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Analyst: Sell This Stock Ahead Of California Gas Mower Ban
Wednesday, October 27, 2021 - 12:41pm | 419California recently announced a ban on all gasoline-powered mowers and lawn equipment starting in 2024, a decision that triggered an analyst downgrade for Toro Co (NYSE: TTC) on Wednesday. The Toro Analyst: Bank of America analyst Ross Gilardi downgraded Toro from Neutral to Underperform and...
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What California's Gas-Powered Mower Ban Means For Toro, Stanley Black & Decker
Tuesday, October 12, 2021 - 12:56pm | 550Stanley Black & Decker, Inc. (NYSE: SWK) and Toro Co (NYSE: TTC) face a potential risk in the medium term due to a legislative development in California, an analyst at BofA Securities said. The New Legislation: The legislation reportedly signed by California Gov. Gavin Newsom...
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Why Investors Should Buy Deere Instead Of Caterpillar
Wednesday, September 29, 2021 - 12:18pm | 510In recent months, construction equipment maker Caterpillar Inc. (NYSE: CAT) has made several announcements regarding plans for high-profile green energy projects. Bank of America analyst Ross Gilardi said Tuesday that Caterpillar’s clean future is in the very early stages at this point...
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Why This Caterpillar Analyst Wants More Clarity On Hydrogen, Rail Strategies
Thursday, June 17, 2021 - 12:07pm | 476Caterpillar Inc. (NYSE: CAT) shares were trading lower Thursday after one analyst said the company’s rail and hydrogen initiatives leave much to be desired. The Caterpillar Analyst: Bank of America analyst Ross Gilardi reiterated a Neutral rating on Caterpillar with a $250 price target....
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Analyst: Departure Of Tesla Trucking Head Is Good News For Legacy Truck Makers
Tuesday, June 8, 2021 - 3:04pm | 511Tesla Inc (NASDAQ: TSLA) announced on Monday its latest in a long line of executive departures, and one analyst said it could be good news for legacy truck makers. What Happened? Tesla announced Jerome Guillen, president of its Heavy Trucking unit, is leaving the company after only three months in...
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Power Tools and Stimulus Fuels Stanley Black & Decker Upgrade
Friday, March 12, 2021 - 12:07pm | 248Stanley Black & Decker, Inc. (NYSE: SWK) is poised to benefit from the ongoing strength in power tool demand. The $1.9 trillion stimulus also lends further upside, according to BofA Securities. The Stanley Black & Decker Analyst: Ross Gilardi upgraded the rating for Stanley Black...
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Intensifying Competition For Stanley Black & Decker Turns BofA Bearish
Monday, January 4, 2021 - 12:06pm | 286Stanley 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 - 12:00pm | 296A 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 - 6:29pm | 237Caterpillar 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 - 3:50pm | 282A 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 - 3:57pm | 708Agricultural 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 - 11:29am | 362Although 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 - 11:55am | 414A 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 ...