Not the bottom yet, but Caterpillar raises hope of China rebound
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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
