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.
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