Fundamental Research
Industrials
L to R: Oliver Liao, David Raso, Jeff Morrison
Ronnie Hickey (sitting)
Coverage Universe
CAT
CMI
CNH
DE
ETN
IR
ITW
OSK
PH
TEX
TKR
URI
ISI’s Industrials Research Team, headed by David Raso, who is ISI’s Machinery Analyst, provides actionable investment ideas and proprietary research. David has been analyzing industrial companies since 1996, providing clients with an investment edge through bottom-up analysis, incorporating differentiated fieldwork and financial analysis.
The largest end markets analyzed include construction and farm equipment, on-highway trucks, industrial machine tools and related industrial components. Since much of the team’s work is global in nature, the work is relevant for US and international investors.