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Citi Upgrades Cummins, Cites Improving Chinese Environment
Tuesday, April 16, 2019 - 12:55pm | 436Read More...The bullish case for Cummins Inc. (NYSE: CMI) is based on the thesis that earnings and cash flow should stay "higher for longer," according to Citi. The Analyst Timothy Thein upgraded Cummins from Neutral to Buy with a price target lifted from $155 to $190. The Thesis Cummins...
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Analysts Say The Market Is Getting Caterpillar Earnings Wrong
Wednesday, October 24, 2018 - 1:51pm | 414Read More...Caterpillar Inc. (NYSE: CAT) dropped another 3 percent Wednesday after the company released its Q3 earnings report Tuesday morning. Wall Street analysts, however, remain bullish on Caterpillar in the near term and see the sell-off as a buying opportunity for investors. Here’s a sampling of...
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Tax Reform May Be PACCAR's Only Catalyst, Says Citi
Wednesday, November 29, 2017 - 3:03pm | 421Read More...PACCAR Inc (NASDAQ: PCAR) may be left with few stock catalysts. With the upside potential limited by the timing of the trucking cycle, Citigroup said in a Wednesday note that it's moving to the sidelines. The Analyst Citigroup analyst Timothy Thein downgraded shares of PACCAR from Buy...
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The Tesla Semi: Citigroup's First Impression
Monday, November 20, 2017 - 5:05pm | 404Read More...Tesla Inc (NASDAQ: TSLA) revealed its semi-truck Thursday, and while parts of the big rig remain in shadow, its capacity for disruption is clear. Wall Street sees few positives for truck manufacturing rivals. The Rating Citigroup reiterated a Hold rating last week with with a $367 price target...
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The Good And Bad Of A Trump Presidency For Deere
Wednesday, November 16, 2016 - 11:08am | 351Read More...Sentiment among the agricultural dealers seems to be more positive than expected, Citi’s Timothy Thein said in a report. He added that although the potential implications of President-elect Donald Trump’s victor appear mixed for the agricultural sector, Deere & Company (NYSE: DE)...
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Seeing A Recovery Already Priced In, Citi Remains Neutral On Caterpillar Stock
Tuesday, August 16, 2016 - 9:51am | 386Read More...Citi’s Timothy Thein believes the proposed merger of Komatsu Ltd (ADR) (OTC: KMTUY) and Joy Global Inc. (NYSE: JOY) would create a strong competitor for Caterpillar Inc. (NYSE: CAT), although greater long-term risk are likely to be associated with OEMs with narrower product lines. Thein...
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Citi Adds United Rentals To Focus List Amid Machinery Stock Rally
Monday, March 7, 2016 - 10:07am | 277Read More...Citi has added United Rentals, Inc. (NYSE: URI) to its U.S. Focus List as it sees a number of catalysts driving the stock higher. The addition comes amid a sharp rally in machinery stocks (and risk assets more broadly), which has led to increased questions from investors about the overall...
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Citi Upgrades PACCAR, Downgrades Cummins, Says WABCO Is A Buy
Monday, January 25, 2016 - 3:47pm | 477Read More...On Monday, Citi analyst Timothy Thein and his team suggested a pair trade for North American truck stocks. The firm recommended Buy-rated shares of PACCAR Inc (NASDAQ: PCAR) over Neutral-rated Cummins Inc. (NYSE: CMI). In addition, the experts issued a Buy rating on shares of WABCO...
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Citi Moves To Sidelines At Parker Hannifin
Tuesday, October 20, 2015 - 10:14am | 347Read More...Parker-Hannifin Corp (NYSE: PH) shares have been declining steadily and are down 23 percent year-to-date. Citi’s Timothy Thein downgraded the rating on the company from Buy to Neutral, while reducing the price target from $130 to $110. The company’s cost cutting initiatives...
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UPDATE: Citigroup Raises PT on Agco on Positive Outlook
Thursday, August 1, 2013 - 8:37am | 125Read More...In a report published Thursday, Citigroup analyst Timothy Thein reiterated a Neutral rating on Agco (NYSE: AGCO), and raised the price target from $60.00 to $62.00. In the report, Citigroup noted, “Consistent with strong Ag segment results from major peer (CNH) today (and likely foreshadow of...
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UPDATE: Citigroup Raises PT on Cummins Following Raised EPS Estimate
Wednesday, July 31, 2013 - 11:08am | 115Read More...In a report published Wednesday, Citigroup analyst Timothy Thein reiterated a Buy rating on Cummins (NYSE: CMI), and raised the price target from $125.00 to $135.00. In the report, Citigroup noted, “Our 2013 EPS estimate is raised to $8.10 (from $7.80) as we adjust for the 2Q upside surprise (...
