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Fly News Breaks for April 24, 2019
CAT
Apr 24, 2019 | 14:33 EDT
JPMorgan analyst Ann Duignan reiterated her Overweight rating on Caterpillar after the company reported a mixed Q1 and reiterated its 2019 operating outlook, citing what she views as a compelling valuation and strong cash generation in 2019, adding that she would be a buyer of the stock on the pullback. The CEO reaffirmed the qualitative outlook for 2019, expressing confidence in Caterpillar's ability to grow the top line "modestly" and reiterating a focus on "profitable growth," noted Duignan. She keeps a $172 price target on Caterpillar shares.
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