Construction-sector companies and investors at an early December publicly owned firm investment conference sponsored by Credit Suisse are bracing for tougher market conditions ahead, but are buoyed by improvements in risk allocation and technology, according to the investment banking firm’s analysis of attendee comments and predictions.
“The tone for 2020 for most all equipment firms was to brace for a sales decline broadly,” says Credit uisse managing director and lead industry analyst Jamie Cook, with truck producers to be hardest hit, followed by manufacturers serving construction, mining and energy markets.