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Macquarie Finds Plenty Of Reasons To Like Paccar
Tuesday, June 5, 2018 - 11:52am | 397Read More...Truck manufacturer Paccar Inc (NASDAQ: PCAR) is "uniquely positioned" to take advantage of ongoing, robust industrywide fundamentals and a strong economy, according to Macquarie Research. The Analyst Analyst Sameer Rathod upgraded Paccar from Neutral to Outperform with a price...
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Implications For Caterpillar Amid Continued Strength In Chinese Excavator Industry
Tuesday, April 12, 2016 - 1:13pm | 382Read More...Sameer Rathod of Macquarie said Caterpillar Inc. (NYSE: CAT) would face pricing pressure near-term in the Chinese excavator market, but the company's strong market share in the country will help the company navigate those hiccups in the long term. Rathod highlighted, "CAT market share grew 81bps...
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Avoid Caterpillar And John Deere
Wednesday, April 6, 2016 - 1:46pm | 405Read More...Macquarie has recommended investors to avoid shares of equipment makers Caterpillar Inc. (NYSE: CAT) and Deere & Company (NYSE: DE) citing a challenging year ahead. The brokerage has an Underperform rating on both stocks, with price targets of $51 and $58, respectively. "We continue to...
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Joy Global 'Fails' Stress Test, Not The First Industrial Stock To Face Wall Street Trouble
Wednesday, March 2, 2016 - 10:24am | 419Read More...Axiom’s Gordon L. Johnson II downgraded the rating for Joy Global Inc. (NYSE: JOY) from Hold to Sell, while reducing the price target from $11 to $10. He believes there is downside to the company’s original guidance for 2016. Analyst Gordon Johnson estimated that Joy Global’s...
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The 'Fog Of War' Is Thickening At Caterpillar
Friday, September 25, 2015 - 9:49am | 380Read More...Shares of Caterpillar, Inc. (NYSE: CAT) have declined by almost 29 percent year-to-date. Macquarie’s Sameer Rathod has maintained an Underperform rating on the company, while reducing the price target from $60 to $58. Rathod explained that the Underperform rating was maintained due...
