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Fly News Breaks for July 24, 2017
CAT
Jul 24, 2017 | 08:27 EDT
As noted earlier, BMO Capital upgraded Caterpillar to Outperform from Market Perform. Analyst Joel Tiss expects the company to provide five year EPS guidance at its September investor event "that could approach" his $16 outlook. The analyst expects the company's profit to be boosted by "the unfolding cyclical recovery," its cost-cutting initiative, and new management's increased focus on profitability. Target to $125 from $110.
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