BofA Securities' Michael Feniger adjusts ratings for machinery and energy companies, anticipating challenges in the machinery sector due to slow backlogs and moderating pricing. The analyst downgrades GFL Environmental and Cummins but upgrades PACCAR, reflecting a nuanced outlook amid expectations of a tightening cycle and global economic shifts.
Take-Two Interactive (NASDAQ:TTWO) reported quarterly earnings of $0.86 per share which missed the analyst consensus estimate of $0.87 by 1.15 percent. This is a 34.85 percent decrease over earnings of $1.32 per share from the same period last year.