Barclays Reiterates an 'Overweight' on CAT & CMI After Meetings With Management
CAT Hot Sheet
Rating Summary:13 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 82
Barclays reiterates an Overweight rating on Caterpillar (NYSE: CAT)(PT $131) and Cummins (NYSE: CMI)(PT $137).
Analsyt, Andy Kaplowitz, issued three key takeaways after meeting with management from both companies (CAT, CMI).
1) Despite increased U.S. coal uncertainty, mining equipment-related demand remains strong globally; 2) roductivity/efficiency initiatives at both companies still have runway to drive better results; and 3) North American growth in key end markets such as construction and on-highway truck continues to improve.
Shares both companies are trading almost 2% higher heading into the close.
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Analsyt, Andy Kaplowitz, issued three key takeaways after meeting with management from both companies (CAT, CMI).
1) Despite increased U.S. coal uncertainty, mining equipment-related demand remains strong globally; 2) roductivity/efficiency initiatives at both companies still have runway to drive better results; and 3) North American growth in key end markets such as construction and on-highway truck continues to improve.
Shares both companies are trading almost 2% higher heading into the close.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
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