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CAT

Caterpillar

$126.37

-0.031 (-0.02%)

14:30
10/06/17
10/06
14:30
10/06/17
14:30

Caterpillar attracts a defensive option play

Caterpillar attracts a defensive option play. The stock off 7c to $126.33 and 10K Nov 110 - 120 put spreads bought to open for $1.35. A shareholder likely opened the position to hedge earnings risk. The company is due to report around 10/24 and the put spread offers a max payout if shares tumble 12.9% to $110 or below through the November expiration in six weeks.

CAT Caterpillar
$126.37

-0.031 (-0.02%)

09/14/17
BMOC
09/14/17
NO CHANGE
BMOC
Caterpillar price target raised to $150 from $130 at BMO Capital
Following Caterpillar's Analyst Day, BMO Capital analyst Joel Tiss believes that the company's " revamped strategy focused on improving the customer experience should pay dividends." The analyst estimates that the company's EPS can reach $9-$11 if its generates its "baseline revenue" figure of $55B. He raised his price target on the shares to $150 from $130 and keeps an Outperform rating on the stock.
09/14/17
STFL
09/14/17
NO CHANGE
Target $125
STFL
Hold
Stifel 'encouraged' by Caterpillar analyst day, keeps stock at Hold
After attending Caterpillar's analyst day meeting, Stifel analyst Stanley Elliott said he came away "encouraged," though he notes expectations into the event were high and he would have hoped for a few more specifics. He keeps a Hold rating and $125 price target on Caterpillar shares following the event.
09/18/17
UBSW
09/18/17
UPGRADE
Target $140
UBSW
Buy
Caterpillar upgraded to Buy from Neutral at UBS
UBS analyst Steven Fisher upgraded Caterpillar to Buy and raised his price target for the shares to $140 from $116. The manufacturer of construction and mining equipment closed Friday up 89c to $121.37. The analyst says his firm's latest analysis of private non-residential construction ex-Power shows a re-acceleration in activity in Q4 and mid-single digit growth into 2018. A continuation of the earnings upcycle and Caterpillar's growing cash position will drive upside to earnings and returns, Fisher tells investors in a research note. He thinks the company's cash story is "particularly underappreciated." The analyst expects Caterpillar to generate nearly $10B of cash flow after capex and dividends between 2018 and 2020.
09/18/17
09/18/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Caterpillar (CAT) upgraded to Buy from Neutral at UBS with analyst Steven Fisher saying his firm's latest analysis of private non-residential construction ex-Power shows a re-acceleration in activity in the fourth quarter and mid-single digit growth into 2018. 2. Mednax (MD) upgraded to Overweight from Sector Weight at KeyBanc analyst Jason Gurda saying he sees the company's operating headwinds moderating over the next few quarters and growth in its third specialty, radiology, accelerating in the the near-term. 3. Infosys (INFY) upgraded to Neutral from Sell at Goldman Sachs with the firm saying management uncertainty and guidance risk is already priced in. 4. Klondex Mines (KLDX) upgraded to Buy from Hold at Canaccord. 5. BP (BP) upgraded to Outperform from Market Perform at BMO Capital with analyst Brendan Warn saying he thinks the company's free cash flow will be boosted by "delivery of new upstream volumes, premium downstream product demand and improving (refining marker margin)." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

SYNT

Syntel

$24.30

5.2 (27.23%)

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QD

Qudian

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ABT

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$55.06

0.43 (0.79%)

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$53.88

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SVU

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UNH

UnitedHealth

$203.89

10.69 (5.53%)

19:58
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The Heritage Foundation hosts President Trump »

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Sina

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  • 03

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CLDR

Cloudera

$15.51

0.13 (0.85%)

, HTHIY

Hitachi

$75.56

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HTHIY

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PNFP

Pinnacle Financial

$65.15

-1.15 (-1.73%)

18:35
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Earnings
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FULT

Fulton Financial

$18.95

-0.3 (-1.56%)

18:07
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EXXI

Energy XXI

$8.59

-0.41 (-4.56%)

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FULT

Fulton Financial

$18.95

-0.3 (-1.56%)

18:07
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HGV

Hilton Grand Vacations

$39.83

0.05 (0.13%)

17:45
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  • 30

    Nov

PRGX

PRGX Global

$6.80

0.05 (0.74%)

, KR

Kroger

$20.48

0.04 (0.20%)

17:42
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PRGX Global signs multi-year technology services contract with Kroger »

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PRGX

PRGX Global

$6.80

0.05 (0.74%)

KR

Kroger

$20.48

0.04 (0.20%)

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UBFO

United Security Bank

$9.50

-0.05 (-0.52%)

17:38
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Earnings
United Security Bank reports Q3 EPS 16c versus 12c in year-ago period »

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UBSH

Union Bankshares

$35.32

-0.18 (-0.51%)

, XBKS

Xenith Bankshares

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-0.07 (-0.21%)

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OMAB

OMA Airports

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0.28 (0.68%)

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IBM

IBM

$146.54

-0.29 (-0.20%)

17:34
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Earnings
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OMAB

OMA Airports

$41.34

0.28 (0.68%)

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Earnings
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SCSS

Select Comfort

$30.38

-0.17 (-0.56%)

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  • 17

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IBM

IBM

$146.54

-0.29 (-0.20%)

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IBM

IBM

$146.54

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IBKR

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CREE

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AKTX

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IBM

IBM

$146.54

-0.29 (-0.20%)

17:32
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Hot Stocks
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PAYX

Paychex

$62.90

-0.55 (-0.87%)

17:31
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  • 22

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VZ

Verizon

$48.40

0.31 (0.64%)

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SCSS

Select Comfort

$30.38

-0.17 (-0.56%)

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  • 17

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IBM

IBM

$146.54

-0.29 (-0.20%)

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