Industrials

Caterpillar (NYSE:CAT) Stock Analyst Ratings

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Caterpillar (NYSE:CAT) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/12/2024 5.9% Citigroup $255 → $340 Maintains Neutral 02/06/2024 19.92% JP Morgan $345 → $385 Maintains Overweight 02/06/2024 -19.95% Baird $210 → $257 Maintains Underperform 02/06/2024 1.23% Wells Fargo $290 → $325 Maintains Equal-Weight 02/06/2024 11.2% Goldman Sachs $274 → $357 Maintains Buy 01/08/2024 -15.9% Morgan Stanley → $270 Initiates Coverage On → Equal-Weight 12/21/2023 -23.69% Bernstein $216 → $245 Maintains Market Perform 12/19/2023 -8.74% Stifel $285 → $293 Maintains Buy 11/20/2023 -22.13% HSBC → $250 Initiates Coverage On → Hold 11/08/2023 -8.12% Tigress Financial $282 → $295 Maintains Buy 11/01/2023 -14.66% Goldman Sachs $315 → $274 Maintains Buy 10/16/2023 -0.33% JP Morgan $315 → $320 Maintains Overweight 08/02/2023 -6.56% Stifel $275 → $300 Maintains Buy 08/02/2023 -1.89% JP Morgan $275 → $315 Maintains Overweight 08/02/2023 -0.33% TD Cowen $287 → $320 […]

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Visa’s Real Power Is Embedded In Long-term Secular Shift From Paper Currency: Analyst

/ / Industrials /

Oppenheimer analyst Dominick Gabriele reiterated the Outperform rating on Visa Inc. (NYSE:V), with a price target of $297. Per the analyst, the company’s cash and check opportunity remains vast. Value-added-service (VAS) growth is likely to remain robust, while weakness in new flow growth in 1Q24 was largely due to one-time items and grow-over impacts, the analyst adds. VAS is expected to grow above the consumer payments growth rate, and the total VAS growth spread is expected to be between open banking, risk, and advisory. Overall, Gabriele highlights Visa’s powerful brand, vast global acceptance network, and strong business model. According to the analyst, the company is well-positioned to benefit from the long-term secular shift from paper currency (cash/check) to plastic (electronic payments), consumer spending growth, and increased globalization. The company has a strong franchise in the US and garners an increasing proportion of growth from international markets, noted the analyst. He adds that Visa

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United Parcel Service (NYSE:UPS) Stock Analyst Ratings

/ / Industrials /

United Parcel Service (NYSE:UPS) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/16/2024 15.5% Baird $165 → $170 Upgrades Neutral → Outperform 02/06/2024 18.9% UBS $160 → $175 Upgrades Neutral → Buy 01/31/2024 18.9% Raymond James $185 → $175 Maintains Strong Buy 01/31/2024 8.71% BMO Capital $165 → $160 Maintains Market Perform 01/31/2024 1.92% Susquehanna $155 → $150 Maintains Neutral 01/31/2024 — Argus Research Downgrades Buy → Hold 01/31/2024 -1.48% Barclays $150 → $145 Maintains Equal-Weight 01/16/2024 25.7% Raymond James $170 → $185 Maintains Strong Buy 01/10/2024 29.09% Stifel $180 → $190 Maintains Buy 12/26/2023 5.31% Daiwa Capital → $155 Downgrades Outperform → Neutral 12/21/2023 5.99% JP Morgan $165 → $156 Maintains Neutral 10/11/2023 20.94% JP Morgan $186 → $178 Maintains Neutral 10/02/2023 8.71% Susquehanna $173 → $160 Maintains Neutral 09/29/2023 35.89% Raymond James $205 → $200 Maintains Strong Buy 09/29/2023 15.5%

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CFRA Keeps Sell Opinion On Shares Of The Boeing Company (NYSE:BA)

/ / Industrials /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: Our 12-month target price remains $194, reflecting a 25x multiple applied to our 2025 EPS estimate, below The Boeing Company (NYSE:BA)’s recent historical forward average. We think a discounted multiple is reasonable in light of elevated regulatory risk. We cut our 2024 EPS estimate by $0.67 to $3.34, but leave 2025’s at $7.76. BA noted recently that its January production cadence was below the production limit of 38 737-MAX aircraft that has been temporarily imposed by the FAA. We still think BA will gradually expand production toward that 38 limit during 2024, but our EPS reduction in 2024 reflects a slower pace, particularly in 1H 2024. The secular backdrop for BA remains attractive, given a lot of expected retirements of aging aircraft over the next 20 years.

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Accenture (NYSE:ACN) Stock Analyst Ratings

/ / Industrials /

Accenture (NYSE:ACN) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/14/2024 -1.16% Baird $344 → $364 Maintains Neutral 01/30/2024 15.67% Mizuho → $426 Initiates Coverage On → Buy 01/25/2024 8.61% UBS $365 → $400 Maintains Neutral 01/24/2024 8.61% Morgan Stanley $369 → $400 Maintains Overweight 12/20/2023 4.54% BMO Capital $350 → $385 Maintains Market Perform 12/20/2023 -0.89% UBS $333 → $365 Maintains Neutral 12/14/2023 -2.25% Wedbush $330 → $360 Maintains Outperform 11/16/2023 11.33% Redburn Atlantic → $410 Initiates Coverage On → Buy 11/07/2023 -9.58% UBS → $333 Initiates Coverage On → Neutral 09/29/2023 -7.68% RBC Capital → $340 Reiterates Outperform → Outperform 09/29/2023 -4.96% BMO Capital $360 → $350 Maintains Market Perform 09/29/2023 -18.54% TD Cowen $312 → $300 Maintains Market Perform 09/29/2023 -12.57% Baird $332 → $322 Maintains Neutral 09/29/2023 -18.54% Piper Sandler $312 → $300 Maintains Neutral 09/27/2023 -2.25% BMO

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General Electric Files a Key Document in Advance of Its Breakup. Here’s What’s in It. — Barrons.com

/ / Industrials /

General Electric late Thursday filed a long-awaited form with the Securities and Exchange Commission that provides investors with key details about the upcoming breakup of the company into GE Aerospace and GE Vernova. The Form 10 filing is used to register new securities. In this case, the securities are for GE Vernova — the power generation company inside of GE that officially is being spun off. The Form 10 runs 272 pages. Here are a few things Barron’s took from the filing along with a little context. No Debt GE Vernova will start life with more cash than debt. In fact, it won’t have any debt at all. The cash balance should be about $4.2 billion at the time of the spinoff. That will leave GE Aerospace with about $15 billion in cash and $18 billion in debt. GE also is, essentially, paying back about $1 billion in debt using

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