Market Currents

Titan International (TWI +5.3%) shares are sharply higher after Jefferies raises its rating to...

Monday, October 15, 2012, 2:10 PM ET
Titan International (TWI +5.3%) shares are sharply higher after Jefferies raises its rating to Buy from Hold, seeing a favorable risk/reward profile following a recent pullback. The firm views a potential guidance update and more discussion of its Europe acquisition as potential catalysts for TWI; otherwise, it sees earnings and forecast risk in machinery stocks CAT, ETN and KMT.

This Market Current was sent to 705 people who get email alerts on TWI.

Get email alerts on TWI »

Share this Market Current

Short URL:

Track new comments on this story

This news story has 2 comments:

zorro2828 Comments (324)

TWI just added CAT as a user of their products, and despite those who believe the world is coming to an end, farm, construction and infrastructure builds will still need tires... I just doubled my position today and will continue to add as this stock with average economic conditions will rise to 32 per share within the 12 months .. Great management and I think the numbers will demonstrate the risk reward is in the favour of accumulation not selling

15 Oct 2012, 02:39 PM Reply Like

gh1616 Comments (393)

One would have to question how much potential bad news is already priced in CAT trading 9x already lowered earnings estimates for '12. And lowered, but still 7% positive earnings growth for '13.

Same story for ETN trading 11x already lowered estimates for '12, & lowered, but still 11% positive earnings growth for '13.

KMT is a comparable story.

15 Oct 2012, 08:07 PM Reply Like

LATEST|

TODAY SO FAR|

YESTERDAY

Other date

DJIA (DIA) S&P 500 (SPY)