Caterpillar smashes market estimates as North America sales rebound

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Caterpillar (CAT) PT Raised to $140 at Baird Following 3Q

October 25, 2017 8:42 AM EDT

Baird raised its price target on Caterpillar (NYSE: CAT) to $140.00 (from $130.00) while maintaining a Neutral rating following the company's 3Q report. CAT reported adjusted EPS of $1.95, above consensus of $1.27.

2017 guidance was raised, given recent dealer inventory dynamics 4Q appears to have upside. CAT expects 2017... More