Industrial Machinery

Piper Jaffray has upgraded Sun Hydraulics (NASDAQ: SNHY) from Neutral to Overweight and has lowered the price target from $33 to $30.

Polo Ralph Lauren Corporation (NYSE: RL) is expected to report its Q1 EPS at $1.45 on revenue of $1.43 billion. Macy's Inc (NYSE: M) is estimated to report its Q2 earnings at $0.49 per share on revenue of $5.87 billion. Cisco Systems Inc (NASDAQ: CSCO) is projected to report its Q4 EPS at $0.38...

Sykes Enterprises (NASDAQ: SYKE) is trading down over 27.50% near $11.48 after being cut to Hold at Craig-Hallum. DTS (NASDAQ: DTSI) is trading down over 21.80% near $23.10 after reporting Q2 earnings. Fossil (NASDAQ: FOSL) is trading down over 18.50% near $76.50 after reporting Q2 earnings this...

KeyBanc has upgraded its rating on RBC Bearings (NASDAQ: ROLL) from Hold to Buy and is also establishing a $40 price target on the stock. Says KeyBanc, in the report, “As we look across our universe, ROLL stands out as a high-quality, net-debt negative company with what we think will be a more...

KeyBanc Capital markets has upgraded RBC Bearings (NASDAQ: ROLL) from Hold to Buy.

Goldman Sachs has downgraded the following companies: Parker-Hannifin (NYSE: PH) from Buy to Neutral Illinois Tool Works (NYSE: ITW) from Neutral to Sell United Technologies (NYSE: UTX) from Buy to Neutral.

JP Morgan has lowered the price target on Watts Water Technologies (NYSE: WTS) from $41 to $38 and maintains its Neutral rating. JP Morgan writes in a research report published today, "Watts' 2Q showed a continuation of downbeat fundamental news in construction end markets, while pricing started...

Kadant Inc. (NYSE: KAI) today announced that it has received orders totaling $18.1 million from two pulp and paper producers in Chile and the U.S. for chemical pulping equipment and a recycling system. The chemical pulping equipment will be used to recover chemicals in the kraft pulping process and...

Kadant Inc. (NYSE: KAI) today announced it has extended an uncommitted $100 million Multi-currency Note Purchase and Private Shelf Agreement with Prudential Capital Group, an institutional investment business of Prudential Financial Inc. (NYSE: PRU) for an additional three-year term. Under the...

Bank of America Merrill Lynch is out with its report today on Actuant (NYSE: ATU), lowering its PO from $28 to $26. In its report, Bank of America Merrill Lynch writes, "Our 12-month PO of $26 is based on applying a 13x P/E to our FY12 EPS estimate of $2.00. 13x is at a discount to the company's...

Pre-open movers US stock futures are lower this morning, after Standard & Poor's downgraded the US debt rating. Futures for the Dow Jones Industrial Average dipped 222 points to 11,180.00 and S&P 500 index futures fell 27.80 points to 1,170.00. Nasdaq 100 futures dropped 51.75 points to 2,...

Ingersoll-Rand plc (NYSE: IR) entered into an agreement to sell a 60 percent stake in its Hussmann refrigerated display case business to the private equity firm Clayton Dubilier & Rice, LLC Ingersoll Rand will receive cash proceeds of approximately $370 million at closing and will retain a...

Bank of America has lowered the price objective on Actuant Corporation (NYSE: ATU) from $28 to $26 and maintains its Neutral rating.

Dollar Thrifty Automotive Group Inc (NYSE: DTG) is projected to report its Q2 EPS at $1.37 on revenue of $408.57 million. MGM Resorts International (NYSE: MGM) is projected to report a FQ4 loss at $0.13 per share on revenue of $1.59 billion. 99 Cents Only Stores (NYSE: NDN) is expected to...

I am currently reading the book Guide to Investing in the Apocalypse by James Altucher and Douglas R. Sease. The book has an entire chapter on the emerging fresh water crisis. The book describes how 40% of the world's population will be without adequate clean water within nine years, according to...