Overly optimistic assumptions about the impact of a Trump infrastructure plan have left many heavy equipment manufactures looking pricey.
A more favorable earnings outlook for 2017 has led us to increase our fair value estimate of the wide-moat farm equipment maker to $104.
We reiterate our fair value estimate with Caterpillar executive Jim Umpleby taking over on Jan. 1.
Despite a few bright spots in the latest earnings release, shares of this wide-moat industrial distributor are fully valued.
Despite a tough near-term outlook, we see value in Deere and CNH.
After consolidating with one of its largest rivals, this wide-moat industrial and agricultural equipment auctioneer will improve its competitive advantage.
Despite a tough operating environment, the company's brand and customer value proposition remain strong.
Long term, we think this transaction will enhance Joy Global-Komatsu's product suite and enable it to better compete with Caterpillar.
Trimble Navigation's sophisticated geolocation and automation tools help tractors and bulldozers work more efficiently--and the firm's shares look undervalued to boot.
Ag market weakness persists, but a solid brand and strategy should keep returns high.
A weak 2016 outlook has the stock trading well below what we think it's worth.
A reset in the commodity market has pressured returns, but we think the firm's advantages are intact.
The company has created a wide and formidable moat in the industrial auction industry.
The narrow-moat mining-equipment company has sold off considerably, and is currently a compelling long-term investment opportunity.
Our wide moat rating for Deere is unchanged after the Farm Progress Show.
Cost advantages and network effects work in their favor.
Cost-cutting moves, share buybacks, and energy and transport sales powered the wide-moat firm in the third quarter, says Morningstar’s Kwame Webb.
A long-trusted brand and unparalleled dealer network give ag-equipment maker Deere & Co. an edge over competitors.
With over a million products stocked, these firms enjoy long-lasting competitive positions through cost advantages and the network effect.