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Fly News Breaks for April 25, 2019
CAT
Apr 25, 2019 | 08:04 EDT
Argus analyst John Eade kept his Buy rating and $150 price target on Caterpillar, saying the recent weakness in the stock price offers a buying opportunity. The analyst cites his expectation of the company generating double-digit earnings growth in 2019 driven by margin improvement. Eade also sees Caterpillar shares trading at 11-times his expected FY20 earnings, which is the low end of its 9- to 25-times 15-year historical range.
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