Latest news with #AndrewObin
Yahoo
5 days ago
- Business
- Yahoo
Rockwell Stock Rises as Wall Street Firms Raise Price Targets
BofA Securities analyst Andrew Obin and Stephens analyst Tommy Moll both feel better about the outlook these days.
CNBC
16-07-2025
- Business
- CNBC
Bank of America likes this industrial turnaround story
Rockwell Automation could still be an attractive turnaround story for investors, even after its latest run, according to Bank of America. BofA upgraded the industrial automation stock to buy from neutral in a Wednesday note, raising its price target 14%, to $410 per share from $360. BofA's forecast implies about 18% upside from Tuesday's $346.49 close. Rockwell helps businesses update their operations while improving productivity, through what are called both "smart manufacturing" and "process solutions." Analyst Andrew Obin said that Rockwell is "starting to see the impact of its operational turnaround strategy," adding that the company's Logix platform is a strong catalyst for growth. Some of the turnaround involves roughly $250 million worth of cost cutting in 2025, which the analyst said the company is hoping to surpass. "We view ROK as a beneficiary from reshoring of U.S. manufacturing," Obin wrote in a 13-page report. "ROK has a strong position in the U.S. and international automation markets." "We are gaining conviction in the company's ability to execute and see both secular and cyclical tailwinds, both of which will drive better earnings power versus prior cycles," he continued. The analyst raised his earnings estimate for the fiscal fourth quarter ending in September to $3.17 per share, above the Wall Street consensus of $2.86, he said. Obin also lifted his fiscal 2026 earnings estimate to $13, "well above $11.43 consensus and growing +29% y/y," he said, noting Rockwell's efforts to expand margins are in "early innings and accelerating." "We model faster margin expansion in FY26E vs. FY25E as a reflection of volume leverage," the analyst said. "The company has telegraphed pricing trending above expectations." Rockwell shares have soared 54% in the past three months.
Yahoo
23-06-2025
- Business
- Yahoo
BofA Maintains Buy as Flowserve (FLS) Eyes Strategic Synergies with Chart Industries
Flowserve Corp. (NYSE:FLS) is one of the 10 most undervalued industrial stocks to buy according to analysts. On June 10, Bank of America analyst Andrew Obin reiterated a Buy rating on Flowserve with an unchanged price target of $60. His view is primarily supported by the strategic merger with Chart Industries, which Obin sees as a transformative move. The combined company is expected to benefit from increased scale, stronger positioning in LNG, renewable energy, and nuclear markets, as well as greater revenue diversification. He also pointed out that the combined business should reduce reliance on any single revenue stream. A gas pipeline worker inspecting a valve in an industrial setting. The deal is projected to be significantly accretive to earnings by FY29, supported by both cost and revenue synergies. Management has outlined projected cost savings of $300 million and anticipates a modest 2% boost in revenue post-integration, with benefits expected by fiscal year 2029. These gains are expected to come from areas such as procurement efficiencies, reduced corporate overhead, and operational improvements. According to Obin, while integration challenges exist, the strategic reasoning and potential benefits from synergies offer solid grounds for staying optimistic about the stock. Flowserve Corp. (NYSE:FLS) manufactures and provides aftermarket services for flow control systems. It develops and manufactures precision-engineered flow control equipment integral to the movement, control, and protection of the flow of materials in customers' critical processes. While we acknowledge the potential of FLS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-04-2025
- Business
- Yahoo
GE Vernova To Navigate Tariffs, Analyst Sees Forex Gains Offsetting Headwinds
B Of A Securities analyst Andrew Obin revised the estimates upward for GE Vernova Inc. (NYSE:GEV) following the company's first-quarter results reported on Wednesday. The company reported revenue growth of 11% year-over-year to $8.03 billion and +15% organically, beating the consensus of $7.54 billion and EPS of 91 cents, beating the consensus of 53 cents. GE Vernova reaffirms its 2025 financial outlook, projecting revenue of $36-$37 billion versus the consensus of $37.73 billion and a high-single-digit adjusted EBITDA company stated that this guidance accounts for tariffs and inflation, estimated at $300-$400 million, net of mitigating actions. Obin maintained the 2025 adjusted EBITDA estimate at $3.5 billion (up 73% year-over-year), above the consensus estimate of $3.2 billion. The analyst's projection assumes a 6% year-over-year organic revenue growth and a 360 basis point year-over-year margin expansion. The positive performance in the first quarter and a favorable tailwind from foreign exchange are expected to help offset the increased net tariff headwinds of $300-400 million, adds the analyst. For 2026 too, Obin reiterated the adjusted EBITDA estimate at $5.4 billion (up 53% year-over-year), higher than the consensus estimate of $4.5 billion. The analyst reiterated a Buy rating and a price forecast of $485. Other Ratings: Goldman Sachs analyst reiterated a Buy rating and a price target of $500. Susquehanna analyst Charles Minervino maintained Vernova a Positive rating and raised the price forecast from $370 to $399. Baird analyst Ben Kallo kept an Outperform rating and upped the price target from $387 to $405. Price Action: GEV shares closed higher by 7.26% at $360.49 on Thursday. Read Next:Photo by T. Schneider via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article GE Vernova To Navigate Tariffs, Analyst Sees Forex Gains Offsetting Headwinds originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
