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Morgan Stanley Lowers Price Target For Several Machinery Stocks

·2 min read
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  • Morgan Stanley analyst Courtney Yakavonis lowered the Price target for several Machinery stocks.

  • Timken Co (NYSE: TKR) price target was lowered to (implying an upside of 8.7%) from $84, while an Equal-Weight rating on the shares was maintained.

  • Terex Corp's (NYSE: TEX) price target was reduced to (implying an upside of 24%) from $55, and an Equal-Weight rating was kept.

  • Rev Group Inc (NYSE: REVG) price target was lowered to (implying an upside of 5%) from $17, and Equal-Weight was kept.

  • PACCAR Inc (NASDAQ: PCAR) price target was cut to (implying an upside of 3%) from $96, and an Equal-Weight on the shares was maintained.

  • Oshkosh Corp's (NYSE: OSK) price target was lowered to 4 (implying an upside of 36%) from $148 with Overweight ratings maintained on the shares.

  • Cummins Inc. (NYSE: CMI) price target was reduced to 2 (implying an upside of 8%) from $264, and an Equal-Weight rating was maintained.

  • Caterpillar Inc. (NYSE: CAT) price target was lowered to 5 (implying a downside of 13%) from $172, and an Underweight rating was maintained on the shares.

  • AGCO Corp's (NYSE: AGCO) price target was lowered to 6 (implying an upside of 24%) from $170, and an Overweight rating on the shares was maintained.

  • Morgan Stanley analyst Dillon Cumming lowered Lincoln Electric Holdings, Inc's (NASDAQ: LECO) price target to 8 (implying an upside of 4%) from $142 and kept Equal-Weight ratings on the shares.

  • Cumming lowered Donaldson Company, Inc.'s (NYSE: DCI) price target to (implying an upside of 27%) from $75 and kept an Overweight rating on the shares.

  • Price Action: TKR shares are trading lower by 0.85% at $69.73, TEX lower by 0.5% at $40.2, REVG lower by 2.98% at $15.31, PCAR higher by 0.69% at $84.18, OSK lower by 0.45% at $98.19, CMI higher by 0.66% at $231.65, CAT lower by 0.12% at $189.67, AGCO higher by 0.95% at $125.24, LECO higher by 0.93% at $133.06 and DCI higher by 1.52% at $57.47 on the last check Wednesday.

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