New Analyst Price Targets on these Industrial Goods Shares

Wall St. Watchdog reveals information about companies for which stock analysts reiterated ratings in the Industrial Goods sector for the week ending October 28th, 2011

  • Honeywell (NYSE:HON): FBR Capital reiterated its rating of Mkt Perform for this company and changed its price target from $57 to $59. About the company: Honeywell International Inc. is a diversified technology and manufacturing company with operations around the world. The Company provides aerospace products and services, control technologies, automotive products, and power generation systems. Honeywell also provides specialty chemicals, fibers, plastics, and electronic and advanced materials.
  • Eaton (NYSE:ETN): UBS reiterated its rating of Neutral for this company and changed its price target from $44 to $47. About the company: Eaton Corporation manufactures engineered products which serve industrial, vehicle, construction, commercial, and aerospace markets. The Company’s principal products include hydraulic products and fluid connectors, electrical power distribution and control equipment, truck drivetrain systems, engine components, and a wide variety of controls.
  • Caterpillar (NYSE:CAT): UBS reiterated its rating of Neutral for this company and changed its price target from $93 to $100. About the company: Caterpillar Inc. designs, manufactures, and markets construction, mining, agricultural, and forestry machinery. The Company also manufactures engines and other related parts for its equipment, and offers financing and insurance. Caterpillar distributes its products through a worldwide organization of dealers.
  • Roper Inds (NYSE:ROP): Oppenheimer reiterated its rating of Perform for this company and changed its price target from $87 to $89. About the company: Roper Industries, Inc. manufactures industrial controls, fluid handling, and analytical instrumentation products worldwide. Roper serves selected segments of a broad range of markets such as oil & gas, scientific research, medical diagnostics, semiconductor, refrigeration, automotive, water and wastewater, power generation, agricultural irrigation, and other niche industries.
  • Hexcel (NYSE:HXL): Needham reiterated its rating of Buy for this company and changed its price target from $32 to $34. About the company: Hexcel Corporation develops, manufactures, and markets reinforcement products, composite materials, and engineered products. The Company’s products are used in the commercial aerospace, space and defense, electronics, general industrial, and recreation markets for a variety of end products. Hexcel operates around the world.
  • CB&I (NYSE:CBI): Stifel Nicolaus reiterated its rating of Buy for this company and changed its price target from $42 to $44. About the company: Chicago Bridge & Iron Company N.V. engineers and designs, fabricates, erects, and repairs steel plate structures and their associated systems. The Company builds and repairs bulk liquid terminals, storage tanks, process vessels, and low temperature and cryogenic storage facilities.
  • Pentair (NYSE:PNR): Longbow reiterated its rating of Buy for this company and changed its price target from $47 to $44. About the company: Pentair, Inc. is a diversified manufacturing company. The Company produces electrical and electronic enclosures, professional tools, and water products. Pentair manufactures and distributes its products in North America, Europe, and Asia.
  • McDermott (NYSE:MDR): Howard Weil reiterated its rating of Market Outperform for this company and changed its price target from $25 to $15. About the company: McDermott International, Inc. is a worldwide energy services company. The Company and its subsidiaries provide engineering, fabrication, installation, procurement, research, manufacturing, environmental systems, project management, and facility management services to a variety of customers in the energy and power industries, including the U.S. Department of Energy.

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

Advantage: Check out our interactive stock charts, fundamentals, Twitter stream, and more >>

Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter>>

More from The Cheat Sheet