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Analyst: Black & Decker's Defensive Margin Strategy May Stunt Competitiveness
Tuesday, May 12, 2020 - 4:22pm | 398Stanley Black & Decker, Inc. (NYSE: SWK) has recovered some of its March coronavirus losses, but it still trades down 16% year over year and 33% year to date. One analyst team sees limits to the company’s recovery. The Black & Decker Rating Bank of America analysts Ross Gilardi and...
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BofA Downgrades Caterpillar, Says Energy Problem Is Here To Stay
Monday, April 13, 2020 - 10:10am | 324Energy is a problem end market and Caterpillar Inc. (NYSE: CAT) has energy exposure throughout its product portfolio, according to BofA Securities. The Caterpillar Analyst BofA’s Ross Gilardi downgraded Caterpillar's stock from Neutral to Underperform, keeping the price target at $...
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BofA Downgrades Caterpillar, Strengths Not Enough To Offset Energy Exposure
Friday, March 27, 2020 - 12:24pm | 319While Caterpillar Inc. (NYSE: CAT) has a strong balance sheet and a dividend yield of nearly 4%, these are not enough in the current scenario, according to BofA Securities. The Caterpillar Analyst Ross Gilardi downgraded Caterpillar from Buy to Neutral, while reducing the price target from $...
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Deere Trades higher After Major Q1 Earnings Beat
Friday, February 21, 2020 - 11:54am | 365Deere & Company (NYSE: DE) far exceeded the Street’s first-quarter expectations. The company's $1.63 bottom line beat $1.26 consensus estimates, while sales of $7.63 billion surpassed forecasts of $6.42 billion. For the most part, investors liked what they saw. Shares traded up 7.1%...
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Bank Of America Downgrades Deere After Big Run
Wednesday, February 13, 2019 - 1:46pm | 376Deere & 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 | 898Heavy 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 | 337The 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 | 402The 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 | 274Illinois 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 | 483The 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 | 450Bank 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 | 292Generac 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 | 327Shares 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 | 364Share 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 | 144Bank 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...