Caterpillar (CAT) Misses Q1 EPS by 1c; Trims FY16 Outlook

UBS Raises Price Target on Caterpillar (CAT) to $76 Following 1Q Results

UBS 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

(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) Rolling Three-Month Machine Sales Down 13% in March 2016

Caterpillar (NYSE: CAT) is furnishing supplemental information concerning (i) retail sales of machines to end users and (ii) retail sales of power systems (including reciprocating and turbine engines and locomotives) to end users and Original Equipment Manufacturers (OEMs). Caterpillar sells the majority of its machinery and power systems to independently owned and operated dealers and OEMs to meet the demands of their customers, the end users. Caterpillar believes that this supplemental information may help readers better understand Caterpillars business and the industries it serves, particularly in light of the time delay between Caterpillars... More

Moody's Lowers Outlook on Caterpillar (CAT) to Negative; Sees Weak Demand in Resource Industries Segment

Moody's Investors Service changed the rating outlook of Caterpillar, Inc. (NYSE: CAT) and Caterpillar Financial Services Corp. (CFSC) to negative from stable, and affirmed the A2 long-term and Prime-1 short-term ratings of both companies.

RATINGS RATIONALE

Moody's revised the rating outlook to negative because of the challenges CAT faces from weak demand in its Resource Industries segment that we believe will extend at least into 2017, and the additional pressure this will place on the company's credit metrics. The Resource Industries segment had generated 31% of sales and 53% of Machinery, Engine &... More