Machinery sector

Deutsche Bank is cautious on the machinery sector in the United States. Analysts Nicole DeBlase and Saree Boroditsky don't see any recovery in sight in the natural resources segment, although they think the sector has bottomed. However, the brokerage picked up Caterpillar Inc. (NYSE: CAT) as the...

While Oshkosh Corp (NYSE: OSK) has outperformed its peers by 18 percentage points year-to-date driven by positive defense news, the stock trades in line with the peer group, despite the company’s superior growth profile. Deutsche Bank’s Nicole DeBlase initiated coverage of the company...

A recovery in Chinese construction demand has led Goldman Sachs to upgrade Joy Global Inc. (NYSE: JOY) and Caterpillar Inc. (NYSE: CAT) to Neutral from Sell, while upgrading the broad machinery sector to Neutral from Cautious. Joy Analyst Jerry Revich is concerned about Joy's exposure to...