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CAT

Caterpillar

$87.67

0.7 (0.80%)

07:23
10/17/16
10/17
07:23
10/17/16
07:23

Caterpillar facing fourth straight year of falling sales, WSJ says

Caterpillar CEO Doug Oberhelman has invested heavily in production of machinery and equipment, but soon after the peak in 2012 miners began shelving equipment-buying plans as commodity prices fell and, China's growth slowed, and oil prices fell, according to The Wall Street Journal. The company now faces its fourth straight year of falling sales, the publication said. Nonetheless, Caterpillar is still the world's largest seller of construction and mining equipment and continues to gain market share, the report noted. Reference Link

  • 25

    Oct

CAT Caterpillar
$87.67

0.7 (0.80%)

09/19/16
OTRG
09/19/16
DOWNGRADE
OTRG
Mixed
Caterpillar downgraded to Mixed from Positive at OTR Global
OTR Global downgraded Caterpillar to Mixed saying Q3 global new heavy equipment orders are down 8-11% year-over-year on weakness in North American. The firm said EMEA North American used equipment availability is looser and dealers expect further used pricing pressures as large volumes of leased machines are returned to Caterpillar Financial.
09/19/16
09/19/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. PayPal (PYPL) downgraded to Hold from Buy at Canaccord with analyst Michael Graham saying he expects TPV growth to remain solid driven by Venmo and One Touch, but said these factors are well understood and reflected in estimates. 2. Viacom (VIA, VIAB) downgraded to Hold from Buy at Stifel with analyst Benjamin Mogil saying the stock's valuation is no longer attractive in the wake of the news that the company had decided to table its plans to sell a minority stake in Paramount. 3. Caterpillar (CAT) downgraded to Mixed from Positive at OTR Global with the firm saying third quarter global new heavy equipment orders are down 8%-11% year-over-year on weakness in North American. 4. Western Union (WU) downgraded to Negative from Neutral at Susquehanna with analyst James Friedman saying he is concerned about downside risks given the company's high multiple, increased regulatory scrutiny, and the lack of improvement in its Middle East business. 5. Campbell Soup (CPB) downgraded to Hold from Buy at Argus. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/11/16
GSCO
10/11/16
UPGRADE
Target $112
GSCO
Buy
Caterpillar upgraded to Buy from Neutral at Goldman
Goldman analyst Jerry Revich upgraded Caterpillar to Buy and raised its price target to $112 from $76 based on expectations for structurally higher margins in this cycle. The analyst believes stabilization in capex budgets suggest eventual normalization in mining equipment share of capex budgets. Following, the completion of the tier 4 product cycle, Revich said Caterpillar's R&D/sales is at 30+ year highs at 5.2% of sales, driving his view of flat to down R&D spending in a recovery, which is a 5% tailwind to incremental margins. The analyst sees $8 in mid-cycle earnings, well ahead of investor expectations, and said mutual funds are broadly underweight Caterpillar shares.
10/11/16
10/11/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Twitter (TWTR) upgraded to Hold from Sell at Evercore ISI with analyst Ken Sena citing the recent pullback in the shares. 2. Tyson Foods (TSN) upgraded to Outperform from Market Perform at BMO Capital with analyst Kenneth Zaslow saying he thinks that the company's "strong underlying fundamentals" should enable its fiscal 2017 profits to beat expectations, and he says that the shares are undervalued. 3. Virgin America (VA) upgraded to Neutral from Underweight at JPMorgan with analyst Jamie Baker saying regulatory approval of the pending Alaska Air (ALK) takeover "remains more likely than not." 4. Cummins (CMI) was upgraded to Conviction Buy from Neutral and Caterpillar (CAT) was upgraded to Buy from Neutral at Goldman. 5. Carbonite (CARB) upgraded to Outperform from Perform at Oppenheimer with analyst Brian Schwartz saying he sees "substantial upside" from current levels due to valuation and fundamentals. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

TIF

Tiffany

$90.95

1.98 (2.23%)

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PTLA

Portola Pharmaceuticals

$56.57

1.62 (2.95%)

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KR

Kroger

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-0.1501 (-0.70%)

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PTLA

Portola Pharmaceuticals

$56.57

1.62 (2.95%)

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FCAU

Fiat Chrysler

$17.10

0.275 (1.64%)

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MSFT

Microsoft

$75.16

-0.15 (-0.20%)

12:48
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Microsoft Azure IP Advantage available in China on October 1 »

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  • 22

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AA

Alcoa

$45.77

0.86 (1.91%)

12:45
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Alcoa call volume above normal and directionally bullish »

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NDLS

Noodles & Company

$4.15

-0.25 (-5.68%)

12:37
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12:37
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Noodles & Company management to meet with SunTrust »

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  • 19

    Sep

ENDP

Endo

$8.34

-0.26 (-3.02%)

, JNJ

Johnson & Johnson

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-0.24 (-0.18%)

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ENDP

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-0.26 (-3.02%)

JNJ

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$135.14

-0.24 (-0.18%)

TEVA

Teva

$17.14

0.15 (0.88%)

AGN

Allergan

$218.48

-3.06 (-1.38%)

ABC

AmerisourceBergen

$80.24

-0.43 (-0.53%)

CAH

Cardinal Health

$66.37

-0.7 (-1.04%)

MCK

McKesson

$150.02

1.6 (1.08%)

03/08/13
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  • 21

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    Oct

LXRX

Lexicon

$12.81

0.44 (3.56%)

, IPSEY

Ipsen

$33.04

-0.36 (-1.08%)

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Lexicon announces European Commission approves Xermelo »

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LXRX

Lexicon

$12.81

0.44 (3.56%)

IPSEY

Ipsen

$33.04

-0.36 (-1.08%)

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  • 25

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12:35
09/19/17
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12:35
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General news
Today's U.S. reports »

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LEG

Leggett & Platt

$45.25

-0.635 (-1.38%)

12:34
09/19/17
09/19
12:34
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12:34
Conference/Events
Leggett & Platt management to meet with SunTrust »

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  • 19

    Sep

AMZN

Amazon.com

$974.19

-12.6 (-1.28%)

, VIA

Viacom

$37.45

-0.4 (-1.06%)

12:32
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12:32
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Periodicals
Viacom leak may have compromised digital properties, Gizmodo reports »

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AMZN

Amazon.com

$974.19

-12.6 (-1.28%)

VIA

Viacom

$37.45

-0.4 (-1.06%)

VIAB

Viacom

$27.32

-0.35 (-1.26%)

03/08/13
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  • 22

    Oct

ACTG

Acacia Research

12:32
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Acacia Research shares trade higher amid insider buying »

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GDOT

Green Dot

$48.82

0.79 (1.64%)

12:30
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Green Dot management to meet with SunTrust »

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  • 19

    Sep

ADBE

Adobe

$155.77

1.28 (0.83%)

12:30
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Adobe attracts a pre-earnings call writer »

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  • 19

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ENDP

Endo

$8.34

-0.26 (-3.02%)

, JNJ

Johnson & Johnson

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-0.43 (-0.32%)

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ENDP

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JNJ

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TEVA

Teva

$17.14

0.15 (0.88%)

AGN

Allergan

$218.49

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ABC

AmerisourceBergen

$80.20

-0.47 (-0.58%)

CAH

Cardinal Health

$66.36

-0.71 (-1.06%)

MCK

McKesson

$149.89

1.47 (0.99%)

03/08/13
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  • 21

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  • 17

    Oct

EFX

Equifax

$94.55

0.17 (0.18%)

12:27
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Massachusetts Attorney General files lawsuit against Equifax, Reuters reports »

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  • 22

    Oct

ADK

AdCare

$0.98

-0.01 (-1.01%)

12:26
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12:26
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AdCare to host special shareholder meeting »

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EDIT

Editas Medicine

$21.37

0.43 (2.05%)

12:26
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Editas Medicine management to meet with SunTrust »

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  • 19

    Sep

BBRY

BlackBerry

$9.26

-0.01 (-0.11%)

12:25
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BlackBerry call volume above normal and directionally bullish »

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  • 28

    Sep

CARB

Carbonite

$21.70

1.2 (5.85%)

12:25
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Conference/Events
Carbonite to hold financial analyst and investor day »

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  • 19

    Sep

12:25
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The Board of Governors of the Federal Reserve System holds a closed meeting »

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DWDP

DowDuPont

$69.92

0.15 (0.21%)

12:22
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DowDuPont management to meet with SunTrust »

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  • 19

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