Barclays on U.S. Multi-Industry: Stocks to Own/Avoid Going Into the Quarter
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Price: $24.33 +2.36%
Rating Summary:
9 Buy, 5 Hold, 0 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 0 | Down: 1 | New: 1
Rating Summary:
9 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 1
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Barclays on U.S. Multi-Industry: Stocks to Own/Avoid Going Into the Quarter
Analyst, Scott R. Davis, said, "We remain more defensively positioned and like GE (NYSE: GE), Honeywell (NYSE: HON), Tyco (NYSE: TYC). GE has been a notable outperformer on positive gas cycle news flow. HON has sold off more than it probably should have. TYC has been resilient. We also favor more special situation/asset play names like Roper (NYSE: ROP) or Hubbell (NYSE: HUB-A). 3M (NYSE: MMM) and Dover (NYSE: DOV) both appear to have limited downside. Higher European names like a Xylem (NYSE: XYL), ITT Corp (NYSE: ITT), Colfax (NYSE: CFX) could be at risk given outsized exposure and foreign exchange impact. We would still avoid Emerson (NYSE: EMR) where numbers need to come down, although we'd admit there's not a ton of downside left. Still too early to own higher-beta names like Rockwell Automation (NYSE: ROK) but that will likely be our go-to stock when the macro stabilizes."
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Analyst, Scott R. Davis, said, "We remain more defensively positioned and like GE (NYSE: GE), Honeywell (NYSE: HON), Tyco (NYSE: TYC). GE has been a notable outperformer on positive gas cycle news flow. HON has sold off more than it probably should have. TYC has been resilient. We also favor more special situation/asset play names like Roper (NYSE: ROP) or Hubbell (NYSE: HUB-A). 3M (NYSE: MMM) and Dover (NYSE: DOV) both appear to have limited downside. Higher European names like a Xylem (NYSE: XYL), ITT Corp (NYSE: ITT), Colfax (NYSE: CFX) could be at risk given outsized exposure and foreign exchange impact. We would still avoid Emerson (NYSE: EMR) where numbers need to come down, although we'd admit there's not a ton of downside left. Still too early to own higher-beta names like Rockwell Automation (NYSE: ROK) but that will likely be our go-to stock when the macro stabilizes."
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