Caterpillar (CAT) Tops Q4 EPS by 17c, Sales Miss; Issues Mixed Guidance
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Caterpillar (CAT) PT Raised to $85 at Jefferies; Reiterates Hold
January 27, 2017 8:48 AM ESTJefferies raised its price target on Caterpillar (NYSE: CAT) to $85.00 (from $80.00) while maintaining a Hold rating.
Analyst Stephen Volkmann commented, "Cost cuts continue to benefit margins despite ongoing market weakness. 4Q16 earnings, ex. adjustments, were better than expected on favorable decremental margins in... More
Wells Fargo Upgrades Caterpillar (CAT) to Outperform
January 27, 2017 6:26 AM ESTWells Fargo upgraded Caterpillar (NYSE: CAT) from Market Perform to Outperform.
For an analyst ratings summary and ratings history on Caterpillar click here. For more ratings news on Caterpillar click here.
Shares of Caterpillar closed at $97.22 yesterday.
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