In a recent report, Deutsche Bank analysts reiterated their Buy ratings on four industrial companies and adjusted their related price targets.
Here’s what the firm is watching.
1. Trina Solar Limited TSL 2.09%
Analysts predict strong 4Q14 earnings numbers from Trina Solar after checking with customers and other participants in the Asian supply chain. Deutsche Bank estimates a 13MW UK project sale in Q4 and a 50MW project sale in 1Q15, both above consensus projections.
Analysts lowered their price target for the stock from $15.00 to $13.00.
2. Precision Drilling Corp PDS 9.61%
Analysts believe that Precision Drilling is much better-positioned to weather the storm of the recent collapse in oil prices than it was during the last downturn in 2009.
Despite the inevitable decline in rig counts that’s on the horizon, the report highlights the size of Precision’s fleet, its high level of liquidity and its extremely undervalued stock as three reasons for the Buy recommendation.
Analysts did, however, lower their price target from $11.00 to $7.00.
3. PPG Industries Inc PPG 1.85%
Deutsche Bank was impressed by PPG’s 4Q14 earnings numbers that included a 6 percent earnings beat on volume growth in Auto OEM (6 percent), Aerospace (8 percent) and Marine (8 percent).
The firm sees PPG’s recent $2.3 billion acquisition of Comex contributing positively to earnings growth in 2015.
Analysts raised their price target for the stock from $215.00 to $250.00.
4. HB Fuller Co FUL 1.04%
A disappointing 4Q14 earnings report delivered in-line earnings for the quarter, but disclosed weak 2015 guidance.
Nevertheless, analysts see an increase in volumes in 2015, an improvement in margins and a stock with an attractive valuation. They lowered their price target for the stock from $47.00 to $45.00.
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