Nomura Securities on U.S. Industrials: EPG Conference Day 2 - Sale Price Matters for UTX and DOV
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Price: $86.01 --0%
Rating Summary:
16 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Rating Summary:
16 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
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Nomura Securities on U.S. Industrials: EPG Conference Day 2
Analyst, Shannon O'Callaghan, said, "United Tech (NYSE: UTX) noted “huge interest” for their industrial assets, and we think investors are concerned that Dover could be among the parties prepared to pay a high price. For UTX, we see potential upside to the initial Goodrich (NYSE: GR) financing assumptions. For Dover (NYSE: DOV), we think the pumps businesses that UTX is selling make strategic sense, but we also do not think Dover will stretch too far to get them (we prefer buyback)."
On Individual Companies:
Dover (NYSE: DOV): Automation ahead of initial plan setting up strong 2H. Upcoming capital allocations decisions will be very important.
United Tech (NYSE: UTX): With potential upside to divestitures proceeds, plus proceeds from F&S divestitures, plus $500M holding place for optional M&A,
we see potential upside to initial GR financing assumptions.
Analyst, Shannon O'Callaghan, said, "United Tech (NYSE: UTX) noted “huge interest” for their industrial assets, and we think investors are concerned that Dover could be among the parties prepared to pay a high price. For UTX, we see potential upside to the initial Goodrich (NYSE: GR) financing assumptions. For Dover (NYSE: DOV), we think the pumps businesses that UTX is selling make strategic sense, but we also do not think Dover will stretch too far to get them (we prefer buyback)."
On Individual Companies:
Dover (NYSE: DOV): Automation ahead of initial plan setting up strong 2H. Upcoming capital allocations decisions will be very important.
United Tech (NYSE: UTX): With potential upside to divestitures proceeds, plus proceeds from F&S divestitures, plus $500M holding place for optional M&A,
we see potential upside to initial GR financing assumptions.
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