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UPDATE: Morgan Stanley Reiterates On Eaton Corp As Vehicle Spin Is Off The Table
Wednesday, July 30, 2014 - 10:26am | 100In a report published Wednesday, Morgan Stanley analyst Nigel Coe reiterated an Overweight rating on Eaton Corp PLC (NYSE: ETN), but lowered the price target from $90.00 to $86.00. In the report, Morgan Stanley noted, “With the Vehicle spin taken off the table, the catalyst will simply be “...
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Morgan Stanley Tweaks Eaton Model For Updated Guidance
Monday, July 21, 2014 - 11:15am | 83In a report published Monday, Morgan Stanley analyst Nigel Coe reiterated an Overweight rating and $90.00 price target on Eaton Corp PLC (NYSE: ETN). In the report, Morgan Stanley noted, “ETN tightened its 2Q guidance range to slightly above the midpoint – in line with consensus but slightly below...
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Morgan Stanley Needs Better Entry Point For General Electric
Monday, July 21, 2014 - 11:13am | 85In a report published Monday, Morgan Stanley analyst Nigel Coe reiterated an Equal-Weight rating and $28.00 price target on General Electric (NYSE: GE). In the report, Morgan Stanley noted, “We seek to explain why GE lagged post-2Q in spite of superficially in-line earnings and framework...
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Morgan Stanley Expects Good Things From United Technologies 2Q14 Report
Tuesday, July 15, 2014 - 8:59am | 178In 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, “Our 2Q14e EPS of $1.72 stands 2c above cons, which incl. 11c of items, 12% Y/Y growth on a comparable...
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Morgan Stanley Sees Multiple Potential Catalysts Ahead For Eaton Corp PLC
Monday, July 14, 2014 - 11:06am | 142In a report published Monday, Morgan Stanley analyst Nigel Coe reiterated an Overweight rating and $90.00 price target on Eaton Corp PLC (NYSE: ETN). In the report, Morgan Stanley noted, “Recent quarters have disappointed given headwinds in Truck and Hydraulics markets. However our inventory and...
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Morgan Stanley Awaits Better Entry Point For General Electric
Friday, July 11, 2014 - 10:16am | 95In a report published Friday, Morgan Stanley analyst Nigel Coe reiterated an Equal-Weight rating and $28.00 price target on General Electric (NYSE: GE). In the report, Morgan Stanley noted, “We sit broadly in line with consensus on the key metrics and overall see few incremental positive or...
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Morgan Stanley Sees Further Upside For United Technologies
Monday, June 30, 2014 - 8:28am | 131In a report published Monday, 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, “We believe the Goodrich acquisition can deliver $200m further upside to $500m cost targets. UTC's...
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Morgan Stanley Reiterates On General Electric Following Alstom Board Recommendation
Monday, June 23, 2014 - 8:29am | 123In a report published Monday, Morgan Stanley analyst Nigel Coe reiterated an Equal-Weight rating on General Electric Company (NYSE: GE), but removed the $28.00 price target. In the report, Morgan Stanley noted, “It was announced over the weekend that the Alstom Board of Directors has unanimously...
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UPDATE: Morgan Stanley Reiterates On Honeywell International Following China Industrials Summit
Friday, June 20, 2014 - 10:02am | 132In a report published Friday, Morgan Stanley analyst Nigel Coe reiterated an Overweight rating on Honeywell International (NYSE: HON), but removed the $102.00 price target. In the report, Morgan Stanley noted, “Overall Honeywell is happy with what it is seeing in China and the broader High Growth...
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UPDATE: Morgan Stanley Reiterates On General Electric On News Of Siemens/MHI Offer
Tuesday, June 17, 2014 - 8:47am | 121In a report published Tuesday, Morgan Stanley analyst Nigel Coe reiterated an Equal-Weight rating on General Electric (NYSE: GE), but removed the $100.00 price target. In the report, Morgan Stanley noted, “Per the terms of the offer, Siemens would acquire 100% of Alstom's gas business including...
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UPDATE: Morgan Stanley Reiterates On HD Supply Following Solid 1Q Report
Wednesday, June 11, 2014 - 9:59am | 97In a report published Wednesday, Morgan Stanley analyst Nigel Coe reiterated an Equal-Weight rating on HD Supply (NASDAQ: HDS), and raised the price target from $28.00 to $30.00. In the report, Morgan Stanley noted, “Perhaps the biggest surprise to 1Q was that there were no surprises. Execution was...
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UPDATE: Morgan Stanley Reiterates On Hubbell On Shift Towards Independent Trustee
Tuesday, June 10, 2014 - 7:53am | 89In a report published Tuesday, Morgan Stanley analyst Nigel Coe reiterated an Overweight rating on Hubbell (NYSE: HUB.B), and raised the price target from $122.00 to $135.00. In the report, Morgan Stanley noted, “The shift towards an independent trustee for the Hubbell and Roche trusts (~36% voting...
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Morgan Stanley Expects Solid 1Q14 Earnings Report From HD Supply Holdings
Monday, June 9, 2014 - 10:10am | 88In a report published Monday, Morgan Stanley analyst Nigel Coe reiterated an Equal-Weight rating and $28.00 price target on HD Supply Holdings (NASDAQ: HDS). In the report, Morgan Stanley noted, “We expect HDS to report 1Q14 results at the high-end of guidance driven by the continued bounceback in...
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Morgan Stanley Sees Critical Period Approaching For Eaton In Meritor Litigation
Thursday, June 5, 2014 - 9:17am | 113In a report published Thursday, Morgan Stanley analyst Nigel Coe reiterated an Overweight rating and $89.00 price target on Eaton Corp PLC (NYSE: ETN). In the report, Morgan Stanley noted, “The long running Eaton anti-trust case with Meritor (MTOR, covered by Ravi Shanker) is reaching a critical...
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UPDATE: Morgan Stanley Initiates Coverage On Watsco On Attractive End-Market Story
Tuesday, May 13, 2014 - 9:57am | 128In a report published Tuesday, Morgan Stanley analyst Nigel Coe initiated coverage on Watsco (NYSE: WSO) with an Equal-Weight rating and $111.00 price target. In the report, Morgan Stanley noted, “Attractive end-market exposure. WSO has the highest mix in our coverage of residential HVAC, which...