Fly News Breaks for August 17, 2018
CAT
Aug 17, 2018 | 16:26 EDT
Tigress Financial analyst Ivan Feinseth kept his Buy rating on Caterpillar, saying its end-market strength and cost control are helping to accelerate its business performance. The analyst also cites positive global business trends and the "significant" benefits of the U.S. tax reform and better global economy, adding that the end markets remain in the early stages of recovery. Feinseth further points to Caterpillar's increasing cash flow and strong balance sheet helping to fund its growth, dividend increases, and share repurchases.
News For CAT From the Last 2 Days
CAT
Apr 16, 2024 | 07:24 EDT
JPMorgan raised the firm's price target on Caterpillar to $435 from $385 and keeps an Overweight rating on the shares ahead of the Q1 report. Construction data points are mixed, but demand commentary from manufacturers is generally optimistic, the analyst tells investors in a research note. The firm expects Caterpillar's multiple re-rating to continue on the back of resilient margin performance this year and expectations of earnings growth acceleration in 2025.