Cat Financial Announces First-Quarter 2016 Results
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UBS Raises Price Target on Caterpillar (CAT) to $76 Following 1Q Results
April 25, 2016 9:58 AM EDTUBS reiterated a Neutral rating on Caterpillar (NYSE: CAT), and raised the price target to $76.00 (from $61.00), following the company's 1Q earnings report. Pricing was a 1.8% headwind in 1Q16, which accelerated from the -0.9% realized in 4Q15 and is the weakest since at least 2003. Chinese... More
Goldman Sachs Raises Rating on Caterpillar (CAT) and Joy Global (JOY) to Neutral on 'Broadending' China Recovery
April 25, 2016 6:33 AM EDT(Updated - April 25, 2016 8:57 AM EDT)
Goldman Sachs raised its Machinery coverage view from Cautious to Neutral and upgraded Caterpillar (NYSE: CAT) and Joy Global (NYSE: JOY) from Sell to Neutral. Analyst Jerry Revich noted signs of a broadening China recovery, though he still sees machinery oversupply in many regions of the... More
Caterpillar (CAT) Misses Q1 EPS by 1c; Trims FY16 Outlook
April 22, 2016 7:32 AM EDTCaterpillar (NYSE: CAT) reported Q1 EPS of $0.67, $0.01 worse than the analyst estimate of $0.68. Revenue for the quarter came in at $9.46 billion versus the consensus estimate of $9.39 billion.
At the end of the first quarter of 2016, the order backlog was $13.1 billion, about the same in total and by segment as the end of 2015. Compared to the first quarter of 2015, the order backlog declined about $3.5 billion with decreases in all segments.
2016 Outlook
We have seen recent increases in commodity prices, some signs of improvement in construction equipment in China and... More
