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

Argus Upgrades Caterpillar (CAT) to Buy

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

Pre-Open Stock Movers 04/25: (TPUB) (AVXL) (VRX) Higher; (PRGO) (XRX) (KKR) Lower (more...)

Today's pre-open stock movers:

Tribune Publishing Company (NYSE: TPUB) 55% HIGHER; Gannett Co., Inc. (NYSE: GCI) announced a proposal to acquire all of the outstanding shares of common stock of Tribune Publishing Company (NYSE: TPUB) for $12.25 in cash per Tribune share.

Anavex Life Sciences (NASDAQ:... More

Caterpillar (CAT) Files Definitive Proxy Ahead of June 8 Annual Meeting

Caterpillar (NYSE: CAT) files its Definitive Proxy Statement ahead of the June 8, 2016 Annual Meeting.

Link

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

By Fang Yan and Lee Chyen Yee

BEIJING/SINGAPORE (Reuters) - Caterpillar Inc (NYSE: CAT), the world's largest maker of heavy equipment, has raised hopes that China's battered construction sector may be showing signs of life, pointing to its strongest post-holiday period in three years after a government boost.

Ahead of a key week for the heavy equipment sector, with progress reports expected from rivals like Japan's Komatsu to China's Sany Heavy Industry , Caterpillar said late on Friday that it was seeing shipment activity holding up almost three... 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) Misses Q1 EPS by 1c; Trims FY16 Outlook

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

Trading Radar for 4/22: GE (GE), McDonald's (MCD), Honeywell (HON), American Airlines (AAL), SunTrust (STI) Report

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Earnings:

Acme United (NYSE: ACU) - consensus EPS $0.23
American Airlines (Nasdaq: AAL) - consensus EPS $1.19... 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