Caterpillar (CAT) Excavator Sales in China Outpace Industry During July - Analyst
Tweet
Share
E-mail
Get Alerts CAT Hot Sheet
Price: $339.37 -6.64%
Rating Summary:
18 Buy, 21 Hold, 5 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Rating Summary:
18 Buy, 21 Hold, 5 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Join SI Premium – FREE
Caterpillar (NYSE: CAT) shares are up early following strong sales numbers in China for July.
JPMorgan noted that Caterpillar sold 582 excavator units in China during the month of July, up 14 percent over the same period last year. It is also the fifth-straight month of sales gains.
Total excavator sales were up 9 percent in China last month, JPMorgan noted, hinting that a recovery may be taking place.
Caterpillar is up about 1 percent Thursday morning.
JPMorgan noted that Caterpillar sold 582 excavator units in China during the month of July, up 14 percent over the same period last year. It is also the fifth-straight month of sales gains.
Total excavator sales were up 9 percent in China last month, JPMorgan noted, hinting that a recovery may be taking place.
Caterpillar is up about 1 percent Thursday morning.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- Acrivon Therapeutics Inc (ACRV) PT Lowered to $22 at Jones Trading
- Pacific Premier Bancorp (PPBI) PT Lowered to $27 at Keefe, Bruyette & Woods
Create E-mail Alert Related Categories
Analyst Comments, Insiders' BlogRelated Entities
JPMorganSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
