-
UBS Downgrades United Rentals On Slowing Business Momentum
Tuesday, October 8, 2019 - 12:49pm | 295There is increasing evidence of a downward momentum in United Rentals, Inc’s (NYSE: URI) underlying markets and indicators point to a negative inflection in EBITDA, according to UBS. The Analyst UBS analyst Steven Fisher downgraded United Rentals from Buy to Neutral, reducing the price target...
-
UBS Downgrades Deere, Expects Near-Term Weakness In Farming Equipment Demand
Wednesday, July 10, 2019 - 8:59am | 323Shares of Deere & Company (NYSE: DE) have sharply rebounded from May's weakness and the recovery now reflects the company's outlook, according to UBS. The Analyst UBS analyst Steven Fisher downgraded Deere from Buy to Neutral with a price target lifted from $158 to $167. The Thesis...
-
The Double Downgrade Hurting Caterpillar's Stock
Tuesday, February 26, 2019 - 12:08pm | 367Dow Jones component Caterpillar Inc. (NYSE: CAT) is likely to see around 55 percent of its end markets peak in 2019, followed by declining earnings in 2020, according to UBS. The Analyst UBS analyst Steven Fisher downgraded Caterpillar from Buy to Sell with a price target lowered from $...
-
This Cat's Got Claws; Caterpillar Upgraded To Buy
Monday, September 18, 2017 - 9:04am | 308Caterpillar Inc. (NYSE: CAT), which invented the iconic rolling tracks on steam tractors in the 1890s, is coming out of its cocoon and ready to deliver big wins for investors, UBS analyst Steven Fisher says. Fisher upgraded Caterpillar from Neutral to Buy and raised the price target from $116 to $...
-
United Rentals' New Acquisition, Explained
Thursday, August 17, 2017 - 12:17pm | 537United Rentals, Inc. (NYSE: URI), the world's biggest construction equipment rental provider, confirmed on Wednesday it plans on acquiring rival chain Neff Corp (NYSE: NEFF) for $1.3 billion, or $25 per share. UBS's Steven Fisher commented in a research report that the acquisition of Neff...
-
Something Puzzling About United Rentals' Q1 Has UBS Scratching Its Head
Thursday, April 20, 2017 - 2:38pm | 483Analysts at UBS found something puzzling about United Rentals, Inc. (NYSE: URI)'s earnings report: Why was utilization in the quarter strong at a time when rates were weak? The puzzling trend may contribute in some way to the stock's more than 5 percent decline Thursday morning. UBS's analyst...
-
Deere Spikes Higher Following Earnings, UBS Still Sees Upside
Friday, November 25, 2016 - 11:54am | 241UBS still sees upside in Deere & Company (NYSE: DE) shares despite its 11 percent jump on Wednesday following blow-out third-quarter results on cost cuts. The brokerage, albeit maintaining its Neutral rating, raised the price target on the shares to $105 from $87, with the revised target...
-
Advanced Disposal Proves A Growth Stock Can Be A Defensive Play
Monday, October 31, 2016 - 2:55pm | 261UBS initiated Advanced Disposal Services Inc (NYSE: ADSW) shares with a Buy rating and a target price of $25, implying an upside potential of more than 20 percent from current levels. The firm believes shares of the company are not only attractive but also defensive. The company came out with 19.25...
-
Deere's Vision Dependent On Cloud Platform And Retrofitting
Tuesday, August 30, 2016 - 8:41am | 343UBS’ Steven Fisher believes building a cloud-based platform and retrofitting equipment are key to the vision of Deere & Company (NYSE: DE). Fisher maintains a Neutral rating on the company with a price target of $87. Precision Ag Business At its investor meeting on August 29, Deere...
-
Jacobs Engineering Downgraded At UBS, Says Co. Executing Well
Wednesday, August 10, 2016 - 2:17pm | 220UBS cut Jacobs Engineering Group Inc (NYSE: JEC) to Neutral from Buy on valuation, organic growth restrained by lack of customer confidence and near-term uncertainty on an arbitration case. That said, the brokerage acknowledged the company's execution in its turnaround phase that resulted...
-
Deere Downgrade From UBS On Corn Price Concerns
Friday, July 29, 2016 - 10:42am | 352Although corn prices have risen, UBS’ Steven Fisher does not expect any further meaningful upside to the prices during the current growing season. Fisher downgraded the rating on Deere & Company (NYSE: DE) from Buy to Neutral, while lowering the price target from $94 to $80. Lower Corn...
-
UBS Maintains Sell On Joy Global, Yet Lifts Target To $11
Tuesday, June 7, 2016 - 3:10pm | 311UBS maintains its Sell rating on Joy Global Inc. (NYSE: JOY), saying the company still needs an earnings recovery to support debt reduction as coal challenges remain. "We still see fundamental risk to coal and broader mining capex for 2017, and with 77 percent of the implied value based on future...
-
UBS Cuts AGCO to Sell, Sees '16 Guidance Disappointing
Thursday, October 1, 2015 - 7:40am | 350AGCO Corporation (NYSE: AGCO) shares are up 2 percent year-to-date, despite the sharp decline in August from $57.87 to $46.29. UBS analyst Steven Fisher downgraded the rating on the company from Neutral to Sell, while reducing the price target from $52 to $39. Fisher believes that the...
-
UPDATE: UBS Securities Reiterates On Layne Christensen As Some Issues Persist
Thursday, December 11, 2014 - 11:10am | 179In a report published Thursday, UBS Securities analyst Steven Fisher reiterated a Neutral rating on Layne Christensen Company (NASDAQ: LAYN), but lowered the price target from $12.00 to $8.75. In the report, UBS Securities noted, “LAYN is beginning to make material changes to both its business and...
-
UPDATE: UBS Upgrades AECOM Technology
Monday, July 14, 2014 - 4:00pm | 210In a report released Monday, UBS analyst Steven Fisher upgraded AECOM Technology (NYSE: ACM) from Neutral to Buy and increased the company's price target from $33.00 to $40.00. Fisher favors AECOM Technology's move to URS transaction and cost synergies with debt reduction to be a...