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Morgan Stanley Raises 3M Price Target, But Stills Sees Downside
Wednesday, December 17, 2014 - 11:05am | 195Nigel Coe of Morgan Stanley maintained an Underweight rating on shares of 3M Co (NYSE: MMM) on Wednesday with a price target raised to $154 from a previous $145. “Is it realistic to assume that 3M's multiple continues to expand from a decade high, relative to EE/MI, with half of...
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Morgan Stanley Examines Key Debates for 3M Co Ahead of Investor Meeting
Tuesday, December 9, 2014 - 11:51am | 84In a report published Tuesday, Morgan Stanley analyst Nigel Coe reiterated an Underweight rating and $145.00 price target on 3M Co (NYSE: MMM). In the report, Morgan Stanley noted, “3M is hosting its annual investor meeting on Tues 16 Dec at the Grand Hyatt New York, with the formal program...
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Morgan Stanley Previews ADT's Earnings, Raises Price Target
Monday, November 17, 2014 - 11:36am | 173Nigel Coe of Morgan Stanley previewed ADT Corp's (NYSE: ADT) upcoming fourth quarter results. "ADT's 4Q results continued to show some signs of operational improvement, and we were particularly encouraged by 0.4x sequential decline in SAC creation multiple and 100 basis points year over year EBITDA...
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Morgan Stanley: General Electric Hopes To Squeeze Revenue From Software
Monday, October 20, 2014 - 11:24am | 367With General Electric Company's (NYSE: GE) recent quarterly revenue growing just 1 percent, the industrial conglomerate is touting a plan to make the sale of data monitoring services an increasing part of its business. GE currently gets about 45 percent of its revenue from monitoring and...
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UPDATE: Morgan Stanley Reiterates On Honeywell International On Solid 2015 Consensus
Monday, October 20, 2014 - 7:51am | 140In a report published Monday, Morgan Stanley analyst Nigel Coe reiterated an Overweight rating on Honeywell International (NYSE: HON), and raised the price target from $104.00 to $106.00. In the report, Morgan Stanley noted, “With an impressive 5% core growth (+2ppts Q/Q, well above 3% MSe/...
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UPDATE: Morgan Stanley Reiterates On Danaher Corporation Responding To DHR/A Push Back
Friday, October 17, 2014 - 10:52am | 96In a report published Friday, Morgan Stanley analyst Nigel Coe reiterated an Overweight rating on Danaher Corporation (NYSE: DHR), but lowered the price target from $83.00 to $82.00. In the report, Morgan Stanley noted, “Following a solid 3Q14, we adjust our PT to $82. We also respond to feedback...
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UPDATE: Morgan Stanley Reiterates On Dover Corp On Lowered 2015 Estimates
Friday, October 17, 2014 - 7:44am | 158In a report published Friday, Morgan Stanley analyst Nigel Coe reiterated an Equal-Weight rating on Dover Corp (NYSE: DOV), but lowered the price target from $86.00 to $84.00. In the report, Morgan Stanley noted, “DOV's top line and booking data showed very little evidence of global macro concerns...
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Morgan Stanley Sees Portfolio Getting More Agile For Danaher Corporation
Tuesday, October 14, 2014 - 8:25am | 92In a report published Tuesday, Morgan Stanley analyst Nigel Coe reiterated an Overweight rating and $83.00 price target on Danaher Corporation (NYSE: DHR). In the report, Morgan Stanley noted, “DHR at 16x '15 FCF offers investors a free option on ~$20 upside from cash deployment, in our view. The...
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Morgan Stanley Expects In-Line 3Q14 Earnings For General Electric Company
Monday, October 13, 2014 - 11:03am | 155In a report published Monday, Morgan Stanley analyst Nigel Coe reiterated an Equal-Weight rating and $28.00 price target on General Electric Company (NYSE: GE). In the report, Morgan Stanley noted, “We model roughly $37bn revenues and EPS of 37c – roughly in line with expectations. While we expect...
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UPDATE: Morgan Stanley Reiterates On 3M Co On Challenges Ahead
Thursday, October 2, 2014 - 9:07am | 94In a report published Thursday, Morgan Stanley analyst Nigel Coe reiterated an Underweight rating on 3M Co (NYSE: MMM), but lowered the price target from $138.00 to $135.00. In the report, Morgan Stanley noted, “We see a more challenging 2H and 2015 set-up for MMM driven by sluggish global growth...
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UPDATE: Morgan Stanley Reiterates On Eaton Corp PLC As Expectations Are Reset
Tuesday, September 30, 2014 - 9:02am | 88In a report published Tuesday, Morgan Stanley analyst Nigel Coe reiterated an Overweight rating on Eaton Corp PLC (NYSE: ETN), but lowered the price target from $86.00 to $80.00. In the report, Morgan Stanley noted, “We lower our ETN target price from $86 to $80 as we reset our expectations into a...
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Morgan Stanley Believes Initial 2015 Bridge Highlights EPS Risks For General Electric Company
Tuesday, September 30, 2014 - 8:56am | 91In a report published Tuesday, Morgan Stanley analyst Nigel Coe reiterated an Equal-Weight rating and $28.00 price target on General Electric Company (NYSE: GE). In the report, Morgan Stanley noted, “We are introducing the first cut of our 2015 EPS bridge, which suggests ~5 to 10c of downside to...
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UPDATE: Morgan Stanley Reiterates On United Technologies Corporation As Risks Are More Than Priced In
Friday, September 26, 2014 - 9:08am | 97In a report published Friday, Morgan Stanley analyst Nigel Coe reiterated an Overweight rating on United Technologies Corporation (NYSE: UTX), but lowered the price target from $129.00 to $124.00. In the report, Morgan Stanley noted, “We reiterate UTX as our top pick since upside to our lowered PT...
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Morgan Stanley Sees Good Things Ahead For SPX Corporation
Thursday, September 11, 2014 - 8:28am | 87In a report published Thursday, Morgan Stanley analyst Nigel Coe reiterated an Overweight rating and $119.00 price target on SPX Corporation (NYSE: SPW). In the report, Morgan Stanley noted, “SPW's I-Day highlighted organizational/cultural transformation initiatives, rather than quantifiable...
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Morgan Stanley Sees Outsized Risk/Reward For United Technologies
Tuesday, September 2, 2014 - 9:29am | 86In a report published Tuesday, Morgan Stanley analyst Nigel Coe reiterated an Overweight rating and $129.00 price target on United Technologies (NYSE: UTX). In the report, Morgan Stanley noted, “UTX has u/p on overblown concerns regarding China real-estate and Commercial Aero OE. With the stock...