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Fly News Breaks for July 26, 2017
CAT
Jul 26, 2017 | 07:49 EDT
Wells Fargo increased its price target on Caterpillar after the company reported stronger than expected Q2 results and increased its guidance. Wells expects the company's guidance and earnings power to increase further going forward. It expects the company to benefit from cost cutting, reduced share count, and ongoing initiatives. The firm keeps an Outperform rating on the stock.
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