Earnings, tax announcement hopes boost equities

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Go back to Earnings, tax announcement hopes boost equities

Caterpillar (CAT) PT Raised to $111 at Stifel; Reiterates Hold

April 26, 2017 8:17 AM EDT

Stifel raised its price target on Caterpillar (NYSE: CAT) to $111.00 (from $95.00) while maintaining a Hold rating. First quarter ME&T revenues increased 4% y/y to $9.130 billion. Volume and price gains contributed 3.1% and 1.0%, respectively.

Stifel's 2017 EPS estimates shift from $2.96 to $3.91 on $40.178 billion in revenue. 2018 EPS... More