Information Provided By:
Fly News Breaks for April 26, 2017
CAT
Apr 26, 2017 | 07:59 EDT
Wells Fargo says that Caterpillar's midpoint guidance for a 30c year-over-year per share decline in earnings power is "conservative," given its 13% backlog growth in Q1. The firm expects the company's backlog to grow for several more quarters," driven by end market demand and a reversal of inventory restocking." Wells keeps an Outperform rating on the shares.
News For CAT From the Last 2 Days
There are no results for your query CAT