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Fly News Breaks for February 3, 2020
CAT
Feb 3, 2020 | 07:02 EDT
Credit Suisse analyst Jamie Cook lowered his price target for Caterpillar to $162 from $173 after the company beat Q4 consensus estimates by 11% but provided its initial 2020 EPS outlook well below the street. While the guide was viewed as disappointing, the analyst believes it is prudent and sets the EPS trajectory up well for the second half of 2020 and into 2021. Cook has an Outperform rating on the shares.
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.
