Industry & Services >> Analyst Interviews >> April 22, 2016

Machinery Sector Challenged by Down Trends

Tiss, Joel G.
Joel G. Tiss is a Senior Research Analyst for BMO Capital Markets Equity Research, covering machinery stocks. He joined BMO Capital Markets Corp. in July 2012 from Buckingham Research Group, where he covered machinery stocks for four years. Previously he worked at Lehman Brothers for more than 23 years covering the multi-industry sector, packaging industry and capital goods/machinery companies. In his last 11 years at Lehman Brothers, he placed nine times in the Institutional Investor annual survey. Mr. Tiss holds a B.A. in economics from SUNY at Cortland. Profile
TWST: You recently commented on Caterpillar. What caused you to downgrade the stock?

Mr. Tiss: I had done some in-depth research including reading through the