Joe Ritchie

Eaton Corporation PLC (NYSE:ETN) shares were rising in early trading on Monday after the company announced on Friday upbeat first-quarter results. The announcement came amid an exciting earnings season. Here are some key analyst takeaways. RBC Capital Markets On Eaton Analyst Deane Dray maintained...

GE Vernova Inc's (NYSE:GEV) first-quarter results indicate a strong start to the year, lending support to the stock, according to Goldman Sachs. The GE Vernova Analyst: Analyst Joe Ritchie reiterated a Buy rating and a price target of $500. The GE Vernova Thesis: The company reported segment EBITDA...

It’s been a rough few years for General Electric Company (NYSE: GE) investors, but the stock got a huge boost on Friday from a major Wall Street firm. The Analyst: Goldman Sachs analyst Joe Ritchie reinstated coverage of GE with a Buy rating and $10 price target. The Thesis: In his initiation...

Illinois Tool Works Inc. (NYSE: ITW) reported second-quarter results that sent the stock lower Monday and prompted a downgrade from Goldman Sachs and a price target reduction from Credit Suisse.  The Analyst Goldman Sachs' Joe Ritchie downgraded Illinois Tool Works from Buy to Neutral...

Rockwell Automation (NYSE: ROK) is scheduled to report third-quarter earnings July 25. The Analyst Goldman Sachs analyst Joe Ritchie downgraded Rockwell from Neutral to Sell and reduced the 12-month price target from $170 to $156. The Thesis While Ritchie said Rockwell...

Goldman Sachs turned bullish on power management company Eaton Corporation PLC (NYSE: ETN), attributing the stance to three key points. The Analyst Analyst Joe Ritchie upgraded shares of Eaton from Neutral to Buy with a 12-month price target of $88, suggesting 16-percent upside. Goldman said it...

Slowing growth and lower margins are likely to put near-term pressure on Cognex Corporation (NASDAQ: CGNX), according to Goldman Sachs. The Analyst Joe Ritchie of Goldman Sachs downgraded Cognex from Buy to Neutral and lowered the stock’s 12-month price target from $78 to $55. The Thesis...

2017 was a solid year for the multi-industry segment, and Goldman Sachs analysts said they're encouraged that favorable headwinds throughout the year will persist into 2018 for a select few companies, including Ingersoll-Rand PLC (NYSE: IR). The Analyst Goldman Sachs' Joe Ritchie upgraded...

Despite its positive view on multi-industry companies, Goldman Sachs downgraded Flowserve Corp (NYSE: FLS), citing free cash flow concerns and aggressive Street expectations. The Analyst Goldman Sachs analyst Joe Ritchie downgraded shares from Neutral to Sell, with a price target of $37,...

In a research report released on Monday, Goldman Sachs outlined four catalysts that could drive earnings per share growth at Johnson Controls International plc Ordinary Share (NYSE: JCI). The firm initiated coverage of the company at Buy with a 12-month price target of $46. Analyst Joe Ritchie...

General Electric Company (NYSE: GE) reported its 2Q16 results with the EPS beating the estimate and the consensus. Goldman Sachs’ Joe Ritchie maintains a Neutral rating on the company, while raising the price target from $29 to $30. 2Q16 Results Ritchie mentioned that the Industrial EBIT for...

Goldman Sachs has started coverage on Allegion PLC (NYSE: ALLE) with a Buy rating and $78 price target, and Stanley Black & Decker, Inc. (NYSE: SWK) with a Neutral rating and $120 target price. Allegion "ALLE is a pure play resi/non-res security leader, while SWK is a diversified construction/...