Morgan Stanley bullish on machinery industry, upgrades stocks

Investing.com

2024-12-17

Investing.com -- Morgan Stanley is bullish on machinery industry, raising sector rating to “attractive” for 2025, given the improved clarity on key equipment cycles.

Brokerage upgraded CNH Industrial NV (NYSE:CNH), and Timken Company (NYSE:TKR) to “overweight,” favouring these "value" plays for their de-risked profiles. Lifts target price on CNH to $16.5 from $11, while bumps Timken’s by $11 to $93.

MS said three themes will be driving 2025 performance, which includes equipment cycle positioning, valuations, and potential impacts of a Trump presidency. It prefers North American commercial vehicles and agricultural equipment, while construction equipment remains the most challenged.

Morgan Stanley (NYSE:MS) kept Cummins (NYSE:CMI), Paccar (NASDAQ:PCAR), Wabtec, Deere (NYSE:DE), and Martin Marietta at “overweight,” while staying “underweight” on Caterpillar (NYSE:CAT), Terex (NYSE:TEX), Lincoln Electric, and Donaldson.

The note also flagged macro and geopolitical risks tied to a Trump presidency, including trade uncertainty, inflation, and a strong U.S. dollar. However, Morgan Stanley sees rental equipment firms like United Rentals (NYSE:URI) and WSC and aggregates players Martin Marietta and Vulcan as well-positioned under Trump, given their U.S.-focused sales and pricing power.

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Lifts target price on CNH to $16.5 from $11, while bumps Timken’s by $11 to $93.</p>\n<p>MS said three themes will be driving 2025 performance, which includes equipment cycle positioning, valuations, and potential impacts of a Trump presidency. It prefers North American commercial vehicles and agricultural equipment, while construction equipment remains the most challenged.</p>\n<p> Morgan Stanley (NYSE:MS) kept Cummins (NYSE:CMI), Paccar (NASDAQ:PCAR), Wabtec, Deere (NYSE:DE), and Martin Marietta at “overweight,” while staying “underweight” on Caterpillar (NYSE:CAT), Terex (NYSE:TEX), Lincoln Electric, and Donaldson.</p>\n<p>The note also flagged macro and geopolitical risks tied to a Trump presidency, including trade uncertainty, inflation, and a strong U.S. dollar. 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Lifts target price on CNH to $16.5 from $11, while bumps Timken’s by $11 to $93.</p>\n<p>MS said three themes will be driving 2025 performance, which includes equipment cycle positioning, valuations, and potential impacts of a Trump presidency. It prefers North American commercial vehicles and agricultural equipment, while construction equipment remains the most challenged.</p>\n<p> Morgan Stanley (NYSE:MS) kept Cummins (NYSE:CMI), Paccar (NASDAQ:PCAR), Wabtec, Deere (NYSE:DE), and Martin Marietta at “overweight,” while staying “underweight” on Caterpillar (NYSE:CAT), Terex (NYSE:TEX), Lincoln Electric, and Donaldson.</p>\n<p>The note also flagged macro and geopolitical risks tied to a Trump presidency, including trade uncertainty, inflation, and a strong U.S. dollar. However, Morgan Stanley sees rental equipment firms like United Rentals (NYSE:URI) and WSC and aggregates players Martin Marietta and Vulcan as well-positioned under Trump, given their U.S.-focused sales and pricing power.</p>\n<p>Related Articles</p>\n<p>Morgan Stanley bullish on machinery industry, upgrades stocks</p>\n<p><a href=\"https://laohu8.com/S/KOS\">Kosmos Energy</a> shares surge after dropping Tullow Oil takeover bid</p>\n<p>Databricks hits $62 billion valuation with new funding</p>\n</body></html>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://finance.yahoo.com/news/morgan-stanley-bullish-machinery-industry-141702393.html\">Investing.com</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TKR","symbol_name":"鐵姆肯","start_time":0,"source_url":"https://finance.yahoo.com/news/morgan-stanley-bullish-machinery-industry-141702393.html","article_id":"2492651089","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492651089","pubTimestamp":1734445022,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Investing.com --Morgan Stanley is bullish on machinery industry, raising sector rating to “attractive” for 2025, given the improved clarity on key equipment cycles.Brokerage upgraded CNH Industrial NV , and Timken Company  to “overweight,” favouring these \"value\" plays for their de-risked profiles. Lifts target price on CNH to $16.5 from $11, while bumps Timken’s by $11 to $93.MS said three themes will be driving 2025 performance, which includes equipment cycle positioning, valuations, and potential impacts of a Trump presidency. It prefers North American commercial vehicles and agricultural equipment, while construction equipment remains the most challenged.Morgan Stanley  kept Cummins , Paccar , Wabtec, Deere , and Martin Marietta at “overweight,” while staying “underweight” on Caterpillar , Terex , Lincoln Electric, and Donaldson.The note also flagged macro and geopolitical risks tied to a Trump presidency, including trade uncertainty, inflation, and a strong U.S. dollar. However, M","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"TKR":"铁姆肯","MS":"摩根士丹利"},"translate_title":"摩根士丹利看好机械行业，上调股票评级","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MS":1,"TKR":0.9},"content_text":"Investing.com -- Morgan Stanley is bullish on machinery industry, raising sector rating to “attractive” for 2025, given the improved clarity on key equipment cycles.\nBrokerage upgraded CNH Industrial NV (NYSE:CNH), and Timken Company (NYSE:TKR) to “overweight,” favouring these \"value\" plays for their de-risked profiles. Lifts target price on CNH to $16.5 from $11, while bumps Timken’s by $11 to $93.\nMS said three themes will be driving 2025 performance, which includes equipment cycle positioning, valuations, and potential impacts of a Trump presidency. 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