Industrial Machinery

Barrington is out with its report today on IDEX (NYSE: IEX), lowering its PT to $45 from $55. In its report, Barrington writes, "We reiterate our OUTPERFORM rating. We believe that IEX is a very high quality industrial company that should have double-digit EPS growth in 2011-2016 due to a superior...

Wedbush is out with its report today on Watts Water Technologies (NYSE: WTS), lowering its PT to $32 from $37. In its report, Wedbush writes, "In valuing these shares, we incorporate a DCF model and multiples to EBITDA based on comparable companies. Using the blended EBITDA multiple of 8x our 2011...

Citi is out with its report today on SPX (NYSE: SPW), maintaining Hold. In its report, Citi writes, "We rate SPX Corporation with a Hold / Medium Risk rating (2M). In our view, SPX continues to be well position across core businesses in power gen, transformers, food processing equipment, and...

Wedbush Securities has lowered the price target on Watts Water Technologies (NYSE: WTS) from $37 to $32 and maintains its Neutral rating.

Goldman Sachs is out with its report today on Pentair (NYSE: PNR), maintaining Sell. In its report, Goldman Sachs writes, "We maintain our Sell rating, relative to our coverage, on valuation, with 6% upside to our 12-month price target of $35 (13.2x 2012 P/E) vs. 20% upside on average for our...

Credit Suisse has assumed coverage on Kennametal (NYSE: KMT) with an Outperform rating and $43 price target.

SPX Corporation (NYSE: SPW) today announced that it has entered into a definitive agreement with Clyde Blowers Capital s.a r.l, SCF-VI Offshore L.P., Appleby Nominees Limited, and certain members of CLYDEUNION management to acquire CLYDEUNION Pumps. The acquisition purchase price is 700 million...

KeyBanc Capital Markets initiated coverage on Valmont Industries (NYSE: VMI) with a Buy rating and $110 price target in a research report published today. In the report, KeyBanc Capital Markets states, "We believe the Company's irrigation segment will perform better than expectations, while its...

KeyBanc Capital Markets initiated coverage on Badger Meter (NYSE: BMI) with a Hold rating in a research report published today. In the report, KeyBanc Capital Markets states, "We are constructive on Badger's competitive positioning and the longer-term outlook for the water metering market in the...

The Timken Company (NYSE: TKR) is considering an investment of $225 million at its Canton, Ohio-based Faircrest Steel Plant that would increase capacity, expand product range and strengthen competitiveness of Timken® alloy steel bars. A ladle refiner and a new large-bloom continuous caster would...

MFG, Inc. (Nasdaq: PMFG) today announced that its wholly-owned subsidiary in Singapore, Peerless Asia Pacific Pte. Ltd., has received an award for approximately $2 million for skid mounted filtration equipment from a multinational compressor manufacturer in Malaysia. The equipment is expected to be...

Bank of America Merrill Lynch is out with a research report on Ingersoll-Rand Co. Ltd. (NYSE: IR) and is reiterating its Buy rating and $44 price target on shares. In a note to clients, Bank of America Merrill Lynch writes, "We recently met with IR's senior management team. Although the tone of...

The embattled leader of Libya faced increasing pressure from rebel activists to withdraw Wednesday, but Muammar Gaddafi vowed that the fight for his reign over the North African country would continue. Rebels raided Gaddafi's Tripoli compound today, taking valuable items and destroying any symbols...

Bank of America has lowered the price objective on Ingersoll-Rand (NYSE: IR) from $52 to $44 and maintains its Buy rating.

Williams-Sonoma Inc (NYSE: WSM) is expected to report its Q2 EPS at $0.36 on revenue of $823.97 million. American Woodmark Corporation (NASDAQ: AMWD) is estimated to post a Q1 loss at $0.17 per share on revenue of $116.18 million. La-Z-Boy Incorporated (NYSE: LZB) is projected to report its FQ1...