Deutsche Bank said that is becoming incrementally more positive on discounted late cycle names like General Electric Co. GE, SPX Corporation SPW and Manitowoc Co. Inc. MTW.
“We value the group based on DCF,” Deutsche Bank writes. “Key risks – Global growth, FX and Commodity volatility.”
General Electric closed Thursday at $18.58; SPX Corporation closed at $76.11; Manitowoc closed at $16.25.
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Posted In: Analyst RatingsConstruction & Farm Machinery & Heavy TrucksDeutsche BankGeneral ElectricIndustrial ConglomeratesIndustrial MachineryIndustrialsManitowocspx corporation
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