Alert: Rating Downgrade (11/10/23)-Hyster-Yale Materials Handling I (NYSE: HY).


Stock Rating Downgrade

During the last several trading days the Value Trend Rating for Hyster-Yale Materials Handling I (NYSE: HY) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.


Recent Price Action

Hyster-Yale Materials Handling I (NYSE: HY) stock closed at $45.11 on 11/10/23 after a large increase of 2.1%. The stock has risen 5.1% during the last week and has been strong relative to the market over the last nine months.

Current PriceTarget Research Rating

HY is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.

Hyster-Yale Materials Handling I has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Hyster-Yale Materials Handling I has a very low Appreciation Score of 6 but a slightly positive Power Rating of 63, and the Negative Value Trend Rating results.

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