Form 8-K CATERPILLAR INC For: Oct 23
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UBS Lowers PT on Caterpillar (CAT) Following Q3 Results; Top-Line Growth Seen Muted in FY15
October 23, 2014 11:05 AM EDTUBS trims its price target on Caterpillar (NYSE: CAT) from $109 to $104 while maintaining a Neutral rating on the stock.
Analyst Steven Fisher noted the following points following Q3 results released today:
Analysis of end markets suggests revenues range-bound in 2015
Indicators for CAT's key businesses suggest to us that top line growth could be muted in 2015. Lower iron ore and coal prices, with flat copper prices over the last several months leave us... More
