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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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RBC Upgrades ServiceMaster Global On Improving Customer Retention, Nomor Acquisition
Tuesday, October 8, 2019 - 1:15pm | 329Given the investor concern around a slowing global macroenvironment, there is value in ServiceMaster Global Holdings Inc’s (NYSE: SERV) business, which has high customer retention rates, contracted revenue and positive pricing in a market that is expected to record mid-single digit growth,...
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Tariffs, Trade Cloud Short-Term Future For Deere, But RBC Says Plow Ahead
Monday, May 20, 2019 - 12:36pm | 284Deere & Company (NYSE: DE) tempered its revenue, net income and cash flow outlook for 2019, but RBC Capital Markets said Monday investors should expect the company to keep plowing along and maintained a bullish long-term outlook on the stock. The Analyst RBC's Seth Weber maintained an...
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ADT Tumbles On Earnings Losses, But Analysts Remain Bullish
Tuesday, March 12, 2019 - 3:05pm | 424ADT Inc (NYSE: ADT) shares crashed 13 percent Tuesday after the company reported a net loss of $149 million in the fourth quarter, missing consensus analyst estimates. The adjusted earnings per share loss was 4 cents, well below consensus expectations of a 12-cent per-share profit. Despite a 7-...
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Navistar Analyst Says Strong Traction May Be Outweighed By Industry Challenges
Monday, March 11, 2019 - 3:54pm | 317Backed by portfolio improvements, Navistar International Corp (NYSE: NAV) has gained significant market share, generated attractive margins and improved its balance sheet, according to RBC Capital Markets. While these company-specific developments are positive, they will not make Navistar...
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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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Analyst Turns Bullish On United Rentals, Upgrades To Outperform
Monday, July 17, 2017 - 9:28am | 345Analysts at RBC Capital Markets turned bullish on United Rentals, Inc. (NYSE: URI) Monday due to an improvement in the rental market and the company's large cash generation. Seth Weber upgraded United Rentals' stock from Sector Perform to Outperform with a price target boosted from $128 to...
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RBC On Machinery: Allison Transmission Initiated At Outperform, Cummins At Sector Perform
Tuesday, March 15, 2016 - 9:54am | 471RBC Capital Markets’ Seth Weber initiated coverage of Allison Transmission Holdings Inc (NYSE: ALSN) with an Outperform rating and of Cummins Inc. (NYSE: CMI) with a Sector Perform rating. Allison Transmission: A leader In Commercial Duty Transmission Market The price target for Allison...
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RBC Met With United Rentals Management: Here's What Happened
Wednesday, February 17, 2016 - 2:50pm | 482United Rentals, Inc. (NYSE: URI) is set to deliver better performance from its specialty rental business this year, according to RBC analyst Seth Weber. The unit accounts for about 19 percent of the total revenues and has roughly $1 billion of fleet, including businesses with historically high...
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Peak Coming In Class 8 Trucks? What RBC Sees
Monday, November 30, 2015 - 11:40am | 304PACCAR Inc (NASDAQ: PCAR) has seen a 23.78 percent decline in its share price year-to-date, which almost hit the 52-week low on November 12. RBC Capital’s Seth Weber has downgraded the rating on the company from Outperform to Sector Perform, while lowering the price target from $64 to...