Industrials

3M (NYSE:MMM) Analyst Ratings

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3M (NYSE:MMM) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/04/2023 6.73% Barclays $98 → $107 Upgrades Underweight → Equal-Weight 10/25/2023 4.74% JP Morgan $104 → $105 Maintains Neutral 10/25/2023 -17.21% RBC Capital $85 → $83 Maintains Underperform 10/25/2023 -3.24% Citigroup $95 → $97 Maintains Neutral 10/25/2023 -2.24% Barclays $96 → $98 Maintains Underweight 10/09/2023 -5.24% Citigroup $111 → $95 Maintains Neutral 09/15/2023 8.73% HSBC → $109 Initiates Coverage On → Hold 08/31/2023 12.72% Morgan Stanley $102 → $113 Upgrades Underweight → Equal-Weight 08/29/2023 19.7% Mizuho → $120 Reiterates Neutral → Neutral 08/29/2023 — Wolfe Research Upgrades Underperform → Peer Perform 07/26/2023 1.75% Morgan Stanley $100 → $102 Maintains Underweight 07/26/2023 10.72% Citigroup $100 → $111 Maintains Neutral 07/26/2023 -0.25% RBC Capital $95 → $100 Maintains Underperform 07/14/2023 -0.25% Morgan Stanley $100 → $100 Reiterates Underweight → Underweight 07/11/2023 9.73% B of A […]

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CFRA Maintains Buy Opinion On Shares Of Hilton Worldwide Holdings Inc.

/ / Industrials /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lift our 12-month target price to $202 from $171 on 2024 EV/EBITDA of 18.5x, a discount to HLT’s five-year average forward EV/EBITDA of 22.5x, justified by the risk of continued softness in net rooms growth. We keep our 2023 EPS view of $6.10, but raise 2024’s to $7.06 from $6.96. Despite the recent run-up in HLT’s share price, we think there is still further upside potential for shares given the Fed’s pivot to a more dovish stance. We believe that the anticipated interest rate cuts factored into the market currently could bolster consumer confidence and encourage more discretionary spending on travel. Simultaneously, this should enhance developers’ ability to secure financing, fostering accelerated net rooms growth for HLT and the broader hotel industry. As a result, this

CFRA Maintains Buy Opinion On Shares Of Hilton Worldwide Holdings Inc. Read Post »

Boeing (NYSE:BA) Analyst Ratings

/ / Industrials /

Boeing (NYSE:BA) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/15/2023 23.19% UBS $275 → $315 Maintains Buy 12/12/2023 — William Blair Initiates Coverage On → Outperform 12/06/2023 -8.1% Barclays $210 → $235 Maintains Equal-Weight 12/01/2023 3.64% Stifel → $265 Initiates Coverage On → Buy 11/28/2023 7.55% RBC Capital $200 → $275 Upgrades Sector Perform → Outperform 11/20/2023 5.59% Deutsche Bank → $270 Upgrades Hold → Buy 11/01/2023 — Goldman Sachs Maintains Buy 10/31/2023 -15.13% Northcoast Research → $217 Upgrades Neutral → Buy 10/26/2023 -21.78% RBC Capital $210 → $200 Maintains Sector Perform 10/26/2023 5.98% Citigroup $285 → $271 Maintains Buy 10/26/2023 -13.96% Morgan Stanley $235 → $220 Maintains Equal-Weight 10/11/2023 7.55% UBS → $275 Initiates Coverage On → Buy 10/03/2023 -10.05% Wells Fargo $270 → $230 Maintains Overweight 09/28/2023 -20.22% Deutsche Bank → $204 Initiates Coverage On → Hold 09/18/2023 5.59% Susquehanna

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General Electric (NYSE:GE) Analyst Ratings

/ / Industrials /

General Electric (NYSE:GE) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/15/2023 17.07% Wells Fargo $115 → $144 Upgrades Equal-Weight → Overweight 12/11/2023 20.33% Citigroup $135 → $148 Maintains Buy 10/25/2023 6.5% RBC Capital $130 → $131 Maintains Outperform 10/25/2023 8.13% Barclays $131 → $133 Maintains Overweight 09/28/2023 14.63% Deutsche Bank → $141 Initiates Coverage On → Buy 08/10/2023 1.63% Morgan Stanley $122 → $125 Maintains Overweight 07/31/2023 — Oppenheimer Downgrades Outperform → Perform 07/27/2023 9.76% Citigroup $126 → $135 Maintains Buy 07/26/2023 5.69% Argus Research $112 → $130 Maintains Buy 07/26/2023 -0.81% Morgan Stanley $110 → $122 Maintains Overweight 07/26/2023 5.69% RBC Capital $120 → $130 Maintains Outperform 07/26/2023 6.5% Barclays $125 → $131 Maintains Overweight 07/26/2023 8.13% Goldman Sachs $121 → $133 Maintains Buy 07/11/2023 2.44% Citigroup $114 → $126 Maintains Buy 07/10/2023 -14.63% Wells Fargo $100 → $105 Maintains Equal-Weight

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Accenture (NYSE:ACN) Analyst Ratings

/ / Industrials /

Accenture (NYSE:ACN) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/14/2023 4.29% Wedbush $330 → $360 Maintains Outperform 11/16/2023 18.77% Redburn Atlantic → $410 Initiates Coverage On → Buy 11/07/2023 -3.53% UBS → $333 Initiates Coverage On → Neutral 09/29/2023 -1.51% RBC Capital → $340 Reiterates Outperform → Outperform 09/29/2023 1.39% BMO Capital $360 → $350 Maintains Market Perform 09/29/2023 -13.09% TD Cowen $312 → $300 Maintains Market Perform 09/29/2023 -6.72% Baird $332 → $322 Maintains Neutral 09/29/2023 -13.09% Piper Sandler $312 → $300 Maintains Neutral 09/27/2023 4.29% BMO Capital $355 → $360 Maintains Market Perform 09/26/2023 -4.4% Wedbush → $330 Reiterates Outperform → Outperform 09/22/2023 -9.62% Piper Sandler $314 → $312 Maintains Neutral 09/18/2023 3.71% Citigroup $358 → $358 Maintains Buy 09/12/2023 -9.62% TD Cowen $300 → $312 Maintains Market Perform 09/12/2023 2.84% Morgan Stanley $340 → $355 Maintains Overweight 09/11/2023 12.98%

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Boeing Receives Order for 40 737-8 Jets From Ireland-based Lessor Avolon

/ / Industrials /

The Boeing Co. (BA) said Tuesday it has received an order from Ireland-based lessor Avolon for 40 737-8 jets as it moves to expands its fleet to more than 110 jets. Avolon already order 40 737-8s in June. Avolon’s fleet is composed of 727-8 and 737-10 planes. Boeing’s stock was up 0.5% premarket and has gained 30% in the year to date, while the S&P 500 has gained 20%.

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3M Expands Reseller Agreement With Smart Reporting to Include US

/ / Industrials /

3M Co.’s (MMM) 3M Health Information Systems said Monday it has expanded its reseller agreement with Smart Reporting, a German technology provider in radiology and pathology reporting, in international markets to include the US. The collaboration helps expand 3M Health Information Systems’ portfolio of solutions, including 3M M*Modal Fluency for Imaging, the company said. The company said its 3M Fluency for Imaging solution complements Smart Reporting’s synoptic reporting, available in nine languages, in advancing speech-driven reporting and workflow management.

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CFRA Cuts Rating On Shares Of Trane Technologies Plc To Hold From Buy

/ / Industrials /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We keep our 12-month price target at $229 on a forward P/E of 23x our ’24 EPS estimate, in line with the five-year average. We keep our ’23 EPS estimate as $8.98, ’24’s as $9.94, and ’25’s as $10.98. Our outlook on sales, margins, and EPS has not changed; however, we think shares are at fair value, and do not provide upside at this time.

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CFRA Keeps Buy Rating On Shares Of Rockwell Automation, Inc.

/ / Industrials /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We keep our 12-month target price at $325, valuing shares at 23x our FY 25 (Sep.) EPS estimate (initiated at $14.15; 2024 EPS outlook lifted to $13.24 from $13.12), near ROK’s five-year forward P/E average. ROK posted Sep-Q operating EPS of $3.64 vs. $3.04 (+20% Y/ Y), beating consensus by $0.17. Sep-Q sales grew 21% Y/Y (up 18% organically), reflecting broad-based growth across ROK’s businesses as recovering supply chains enabled a reduction in lead times on shipments. ROK’s capacity investments are bearing fruit, with backlogs seeing a meaningful reduction in the Sep-Q. However, backlogs continue to be well above pre-pandemic levels ($4.1 billion) and will take several quarters to normalize, in our view. Shares are trading somewhat lower following ROK’s Sep-Q print given, in our opinion, a

CFRA Keeps Buy Rating On Shares Of Rockwell Automation, Inc. Read Post »

Rockwell Automation Reports Fourth Quarter and Full Year 2023 Results; Introduces Fiscal 2024 Guidance

/ / Industrials /

Rockwell Automation Reports Fourth Quarter and Full Year 2023 Results; Introduces Fiscal 2024 Guidance — Fourth quarter reported sales up 20.5% year over year; organic sales up 17.7% year over year — Fourth quarter diluted EPS of $2.61 down (10)% year over year; adjusted EPS of $3.64 up 20% year over year — Full year reported sales up 16.7% year over year; organic sales up 16.9% year over year — Total ARR grew 16% year over year — Full year fiscal 2023 diluted EPS of $11.95 and adjusted EPS of $12.12; up 50% and 28% year over year, respectively — Full year fiscal 2023 cash provided by operating activities of $1.4 billion and free cash flow of $1.2 billion; up 67% and 78% year over year, respectively — Fiscal 2024 guidance: — Reported sales growth of 0.5% – 6.5%; organic sales growth of (2.0)% – 4.0% — Diluted EPS $11.49

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