machinery

Goldman in a research note released on Monday raised its machinery coverage view to Attractive but lowered its construction products coverage to Neutral. Noting that the construction spending in the United States has increased 28 percent since it turned positive on the U.S. construction cycle in...

While the key machinery end markets appear to be bottoming, manufacturing restructuring would likely drive “structurally higher margins” for companies like Caterpillar Inc. (NYSE: CAT) and Cummins Inc. (NYSE: CMI), Goldman Sachs’ Jerry Revich said in a report. He recommended a...

Oshkosh Corp (NYSE: OSK) disappointed investors by providing downbeat outlook for the fiscal year 2017 though it offered upbeat forecast for the current fiscal year. This sparked investors to dump the stock in the pre-market trading on Friday. The outlook provided by the company is likely to...

Deutsche Bank is cautious on the machinery sector in the United States. Analysts Nicole DeBlase and Saree Boroditsky don't see any recovery in sight in the natural resources segment, although they think the sector has bottomed. However, the brokerage picked up Caterpillar Inc. (NYSE: CAT) as the...

While Oshkosh Corp (NYSE: OSK) has outperformed its peers by 18 percentage points year-to-date driven by positive defense news, the stock trades in line with the peer group, despite the company’s superior growth profile. Deutsche Bank’s Nicole DeBlase initiated coverage of the company...

Barclays provided its outlook on U.S. machinery, recommending investors to avoid buying the group this summer. The analysts reduced their 2017 estimates on the sector by 7 percent on average, stating there is no stability in machinery earnings yet, and they expect most companies in this group to...

A recovery in Chinese construction demand has led Goldman Sachs to upgrade Joy Global Inc. (NYSE: JOY) and Caterpillar Inc. (NYSE: CAT) to Neutral from Sell, while upgrading the broad machinery sector to Neutral from Cautious. Joy Analyst Jerry Revich is concerned about Joy's exposure to...

Analysts at Jefferies said they "don't expect much from the first quarter earnings season" in the machinery sector, despite some encouraging macro industrial data. "1Q is the seasonally weakest quarter of the year, and with many company forecasts 2H loaded already we don't expect increases in...

Jerry Revich of Goldman Sachs maintained a cautious view on the Machinery and Engineering & Construction sector. Revich sees further "significant" downside in key global commodities and cuts to capex reinvestment rates as hurting the sector. The analyst downgraded shares of...

Shares of Cummins Inc. (NYSE: CMI) have lost nearly 25 percent year-to-date. Lawrence De Maria of William Blair downgraded Cummins to Market Perform from Outperform with a price target slashed to $110 from a previous $150. De Maria noted a major positive announcement at its analyst meeting is "...

In a report published Monday, Goldman Sachs analyst Jerry Revich lowered his view on the Machinery sector Cautious from Neutral given a continued challenging environment. According to Revich, the Machinery group is experiencing three separate challenges. First, an extended downtown across...