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The Welding Market Is Getting Worse
Thursday, October 8, 2015 - 3:10pm | 427Read More...Longbow Research has downgraded Lincoln Electric Holdings, Inc. (NASDAQ: LECO) to Neutral. The firm sees weak U.S. manufacturing numbers and slumping commodity prices continuing to weigh on the welding industry at least through the end of 2016. Longbow still views Lincoln as “best in class,...
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3 Reasons Deere & Company Could Report Dismal Earnings Tomorrow
Thursday, August 20, 2015 - 4:13pm | 320Read More...Farm equipment manufacturer Deere & Company (NYSE: DE) have fallen more that 4 percent since Tuesday going into its earnings. The company is scheduled to report its third-quarter earnings on Friday before the market opening and analysts expect it to declare EPS of $1.44 on revenue of $7.27...
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Caterpillar Boosts Quarterly Dividend By 10 Percent
Wednesday, June 10, 2015 - 4:13pm | 386Read More...Caterpillar Inc. (NYSE: CAT) announced on Wednesday it will boost its regularly scheduled, quarterly dividend rate by 10 percent from $0.70 per share to $0.77. The new dividend is payable on August 20 to shareholders of record at the close on July 20. Dividend Announcement Specifics Wednesday's...
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Is The Mining Industry At A Bottom? No, Says Longbow Research
Tuesday, May 26, 2015 - 4:36pm | 517Read More...Given sluggish steel demand in China, the mining equipment sector won't dig itself out for at least a couple of years, an analyst said Tuesday. Longbow's Eli Lustgarten cut his 2016 earnings estimates on mining equipment makers Caterpillar Inc. (NYSE: CAT) and Joy Global Inc. (NYSE: JOY...
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Longbow Research Sees Mixed Factors For W.W. Grainger
Thursday, May 22, 2014 - 8:11am | 167Read More...In a report published Thursday, Longbow Research analyst Eli Lustgarten reiterated a Neutral rating on W.W. Grainger (NYSE: GWW). In the report, Longbow Research noted, “We are NEUTRAL-rated on GWW at this time. Overall, we continue to see the gradual improvement we expected for industrial...
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UPDATE: Longbow Research Downgrades Deere & Company
Monday, May 12, 2014 - 10:23am | 206Read More...In Monday's morning summary, Longbow Research analyst Eli Lustgarten downgraded Deere & Company (NYSE: DE) from Neutral to Underperform and announced a price target of $80. Included in the investment thesis was, "While we expected 1HF2014 to hold up based on 2013 orders and farm income, demand...
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UPDATE: Longbow Research Reiterates Buy Rating on Caterpillar
Friday, October 18, 2013 - 12:10pm | 207Read More...In a report published Friday, Longbow Research analyst Eli Lustgarten Reiterated a Buy rating with a $104 PT for Caterpillar Inc. (NYSE: CAT). Lustgarten noted that 3Q13 saw a healthy demand with a strong focus on the compact equipment demand. Construction sales remain up, with 66% of Longbow's...
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Longbow Research Maintains Neutral Rating On Deere & Company (DE)
Thursday, April 1, 2010 - 11:09am | 94Read More...Analyst Eli Lustgarten at Longbow Research has released an update on Deere & Company (NYSE: DE). According to recently released government planting data, corn and soybean planting acreages are both likely to see some improvements, while wheat is expected to see high single-digit decline....
