Goldman Sachs Raises Rating on Caterpillar (CAT) and Joy Global (JOY) to Neutral on 'Broadending' China Recovery
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Go back to Goldman Sachs Raises Rating on Caterpillar (CAT) and Joy Global (JOY) to Neutral on 'Broadending' China Recovery
April 26, 2016 7:44 AM EDT
Argus upgraded Caterpillar (NYSE: CAT) from Hold to Buy with a price target of $92.00.
The firm noted strength relative to the market over the past quarter and said while management lowered estimates with its latest report they also pointed out some bright... More
April 25, 2016 9:58 AM EDT
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
April 22, 2016 7:32 AM EDT
Caterpillar (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
