Barclays on Industrials: Updating 'Best Ideas' List - Adds Eight Companies, Removing One

June 4, 2012 1:33 PM EDT Send to a Friend
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Barclays on Industrials: Updating 'Best Ideas' List

"We are updating our Industrials Best Ideas list (GE (NYSE: GE), United Technologies (NYSE: UTX), Caterpillar (NYSE: CAT), Union Pacific (NYSE: UNP), Boeing (NYSE: BA), Honeywell (NYSE: HON), Deere (NYSE: DE), FedEx (NYSE: FDX), Tyco (NYSE: TYC), CSX Corp (NYSE: CSX), Cummins (NYSE: CMI), Roper Industries (NYSE: ROP), Fluor (NYSE: FLR), Hubbell (NYSE: HUB.B), SPX Corp (NYSE: SPW), Chicago Bridge & Iron (NYSE: CBI), Spirit AeroSystems (NYSE: SPR), and MasTec,(NYSE: MTZ) - removing TransDigm (NYSE: TDG) and adding UTX, TYC, CSX, CMI, ROP, HUB.B, SPR, and MTZ): Our list represents our favorite ideas across US Industrials in five sectors: Multi-Industry, Aerospace & Defense, Machinery, Transports, and E&C. These stocks represent our favorite one-year horizon investment ideas in our respective spaces (total coverage of 85 companies) and, as a reminder, should not be considered a portfolio, as names that are added/removed are agnostic of other included stocks."

"Shifts in our list represent a bifurcation into defensive postures/ideas together with continued late-cycle and/or company-specific opportunities we see as attractive...Slower growth in Europe and 2H sluggishness in China remain key risks, but other markets hanging in/growing modestly."


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