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Goldman Sachs Upgrades Caterpillar, Joy Global
Monday, April 25, 2016 - 8:47am | 374Read More...Since early March, there have been a number of positive data-points from China. Goldman Sachs’ Jerry Revich revised the view on the Machinery coverage from Cautious to Neutral, saying that the signs of a China recovery now appear to be broadening. The Machinery group has lost 4.5 percent...
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Goldman On Industrials: Continues To Prefer Construction Products Over E&C, Machinery
Monday, March 28, 2016 - 11:12am | 466Read More...Goldman Sachs raised its coverage view on Engineering & Construction (E&C) to Neutral from Cautious as non-OPEC supply reductions provide visibility on an oil price recovery through 2017 and risk of E&C multiple expansion. Moreover, Goldman continues to prefer Construction Products (...
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Goldman Upgrades KBR From Sell To Neutral Amid LNG Catalysts
Monday, March 28, 2016 - 10:59am | 239Read More...Goldman Sachs’ Jerry Revich upgraded the rating for KBR, Inc. (NYSE: KBR) from Sell to Neutral, while raising the price target from $12 to $16. The analyst noted that the company’s turnaround strategy had started yielding results. KBR’s shares have declined 18 percent since...
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Goldman Downgrades Caterpillar To Sell
Monday, January 25, 2016 - 9:30am | 312Read More...Shares of Caterpillar Inc. (NYSE: CAT) have declined 15 percent over the past three months, to a low of $58.81 on January 20. Jerry Revich of Goldman Sachs has downgraded the rating on the company from Neutral to Sell, while lowering the price target from $67 to $51. Revich expects an...
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Goldman Remains Cautious On Construction Machinery Names
Monday, December 7, 2015 - 4:38pm | 440Read More...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...
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Goldman Slaps A Sell On KBR Shares, Cites 'Challenging Outlook For LNG Awards'
Monday, December 7, 2015 - 9:27am | 390Read More...The share price of KBR, Inc. (NYSE: KBR) has appreciated 15.36 percent over the past three months, with the shares currently trading close to their 52-week high. Jerry Revich of Goldman Sachs has downgraded the rating on the company from Neutral to Sell, while maintaining the price target at $19....
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Goldman: Summit Materials Has 47% Return Potential
Friday, October 2, 2015 - 8:49am | 354Read More...Summit Materials Inc (NYSE: SUM) share lost 14 percent in the last one month, plunging from above $24 on September 21 to below $18 on September 29. Goldman Sachs’ Jerry Revich upgraded the rating on the company from Neutral to Buy, while maintaining the price target at $29. Revich...
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Goldman Cuts Machinery Group To Cautious: Upgrades Deere, AGCO, Downgrades Manitowoc, Terex, Navistar
Monday, July 27, 2015 - 8:55am | 757Read More...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...
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Cummins Shares Lower Following Downgrade, Removal From Buy List At Goldman Sachs
Wednesday, April 8, 2015 - 10:33am | 164Read More...Shares of Cummins Inc. (NYSE: CMI) were trading lower by nearly 1 percent on Wednesday after Goldman Sach's analyst Jerry Revich downgraded shares to Neutral from Buy with an unchanged $155 price target. Revich cited an increasingly challenging multi-year outlook for South America, Asia and Middle...
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UPDATE: Goldman Sachs Downgrades Manitowoc On Slower U.S. Crane Capex Recovery
Friday, December 6, 2013 - 9:09am | 158Read More...In a report published Thursday, Goldman Sachs analyst Jerry Revich downgraded Manitowoc (NYSE: MTW) from a Buy rating to a Neutral rating and lowered the price target from $23.00 to $21.00. In the report, Goldman Sachs says "We downgrade MTW to Neutral from Buy and reduce our 2014-15 EPS by 5% as...
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UPDATE: Goldman Sachs Upgrades Granite Construction On Outlook of Construction Market
Friday, December 6, 2013 - 8:20am | 137Read More...In a report published Thursday, Goldman Sachs analyst Jerry Revich upgraded Granite Construction (NYSE: GVA) from a Neutral rating to a Buy rating and raised the price target from $32.00 to $36.00. In the report, Goldman Sachs says "We see bottoming margins, leverage to an accelerating US...
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UPDATE: Goldman Sachs Downgrades AGCO Amid Further Risk to America's AG Equipment Capex
Monday, November 11, 2013 - 11:13am | 156Read More...In a report published Monday, Goldman Sachs analyst Jerry Revich downgraded the rating on AGCO (NYSE: AGCO) from Neutral to Sell, and lowered the price target from $58.00 to $53.00. In the report, Goldman Sachs noted, “We downgrade AGCO to Sell with 9% downside to our new $53, 12-month price...
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UPDATE: Goldman Sachs Upgrades Mueller Water Products on Improving Execution and Water Infrastructure Capex
Monday, November 11, 2013 - 11:06am | 155Read More...In a report published Monday, Goldman Sachs analyst Jerry Revich upgraded the rating on Mueller Water Products (NYSE: MWA) from Sell to Neutral, and raised the price target from $6.40 to $9.00. In the report, Goldman Sachs noted, “We upgrade MWA to Neutral from Sell as we now see 5% upside to 2014...
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UPDATE: Goldman Sachs Upgrades Generac Holdings as Strong Execution Offsets a Post-Storm Lull
Monday, October 28, 2013 - 9:15am | 140Read More...In a report published Monday, Goldman Sachs analyst Jerry Revich upgraded the rating on Generac Holdings (NYSE: GNRC) from Sell to Neutral, and raised the price target from $32.00 to $49.00. In the report, Goldman Sachs noted, “We upgrade GNRC to Neutral from Sell. Our Sell rating was predicated...
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UPDATE: Goldman Sachs Lowers PT on Eagle Materials on Short-Term Delay, Long-Term Opportunities
Tuesday, August 13, 2013 - 11:44am | 169Read More...In a report published Tuesday, Goldman Sachs analyst Jerry Revich reiterated a Conviction List Buy rating on Eagle Materials (NYSE: EXP), but lowered the price target from $97.00 to $94.00. In the report, Goldman Sachs noted, “We reduce our FY2014-16 EPS to $2.89/$5.07/ $7.65 from $3.24/ $5.89...
