Standpoint Research Starts Caterpillar (CAT) at Buy

March 20, 2013 10:54 AM EDT
Get Alerts CAT Hot Sheet
Price: $94.48 --0%

Rating Summary:
    11 Buy, 19 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Standpoint Research initiates coverage on Caterpillar (NYSE: CAT) with a Buy and $105 price target, saying the stock is oversold.

"I see CAT earning $10.00 / share if we look out to 2014-2015 and I expect to see a $105 price quote here (by 2014-2015)," analyst Ronnie Moas said. "Caterpillar shares are now $27 (24%) off their ($114) high and trading at < 9X my EPS estimate looking out two years. The concerns regarding China and inventory levels are already reflected in the share price."

For an analyst ratings summary and ratings history on Caterpillar click here. For more ratings news on Caterpillar click here.

Shares of Caterpillar closed at $88.27 yesterday.

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