The industrials sector is trading -1.9% versus the S&P 500 -1.3%.
In earnings: BA +3.9%, R +3.2%, BALT +2.4%, NSC +2.0%, NOC -3.3%, DAL -5.5%.
In broker news: GD -2.2% (DA Davidson upgraded PCAR to Buy from Neutral and raises their tgt to $60 from $58; PACCAR: Hearing upgraded at Avondale), CHRW -7.6%, TRN -9.6%, NSC +2.4% (Norfolk Southern upgraded to Outperform from Market Perform at Wells Fargo), NM -0.2% (Lowering tanker estimates and resuming Dry Bulk coverage - FBR Capital).
PCAR -1.5% (DA Davidson upgraded PCAR to Buy from Neutral and raises their tgt to $60 from $58. WAB -2.2% (Wabtec upgraded to Outperform at Morgan Keegan; tgt raised to $83), JEC -2.3% (Jacobs target lowered to $55 from $60 at Stifel Nicolaus). LII -3.3% (Lennox Intl downgraded before the open to Neutral at MKM Partners), IR -4.0% (Ingersoll-Rand downgraded to Hold from Buy at Argus - following earnings).






