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CAT

Caterpillar

$170.89

0.48 (0.28%)

07:12
01/23/18
01/23
07:12
01/23/18
07:12

Caterpillar upgraded to Buy from Neutral at Seaport Global

Seaport Global analyst Michael Shlisky upgraded Caterpillar (CAT) to Buy from Neutral with a $195 price target following Q4 dealer checks and discussions with the company and competitors. Shlisky, said dealers expect high-single-digit if not double-digit 2018 revenue growth, and many believe new equipment inventories are still too low. At Seaport's December conference, Caterpillar management noted robust trends at the end of 2017 are likely to last into the first part of 2018 and recent conversations with Deere (DE) regarding that company's Construction & Forestry business revealed that strong growth rates are expected for much of the year, the analyst wrote. Shlisky also believes that trends for Resource Industries are promising, as several key commodity prices have only just begun to see prices attractive enough to bring investment in new machines, Lastly, in Energy & Transportation, an oil price in the $60/bbl range is likely to support demand for CAT's turbine and other ancillary businesses, the analyst contends.

  • 25

    Jan

CAT Caterpillar
$170.89

0.48 (0.28%)

01/18/18
WELS
01/18/18
NO CHANGE
Target $200
WELS
Outperform
Caterpillar price target raised to $200 from $160 at Wells Fargo
Wells Fargo analyst Andy Casey raised his price target for Caterpillar to $200 from $160, citing lower tax rates and non-recurring charges related to the recent U.S. tax reform, and as the believes he transition into 2018 appears to promise more end market improvement that should lead to higher earnings potential. The analyst reiterates an Outperform rating on the shares.
01/18/18
01/18/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Caterpillar (CAT) initiated with a Buy at Berenberg. 2. Rosehill Resources (ROSE) initiated with an Outperform at Northland. 3. Arena Pharmaceuticals (ARNA) initiated with an Outperform at Credit Suisse. 4. Electronic Arts (EA) was initiated with an Outperform at Bernstein, while Activision Blizzard (ATVI) was initiated with a Market Perform. 5. Brookfield Business Partners (BBU) initiated with a Sector Perform at RBC Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
01/19/18
FBCO
01/19/18
NO CHANGE
Target $192
FBCO
Outperform
Caterpillar price target raised to $192 after dealer survey at Credit Suisse
After conducting a survey of Caterpillar dealers, Credit Suisse analyst Jamie Cook said U.S. dealers indicated that they ended 2017 with a very strong Q4, demand is very broad-based and positive momentum is expected to continue into 2018. Overseas, European demand is up mid-single digits and China is expected to be up 20-25% in 2018 despite concerns, added Cook. Following the survey, Cook is raising his estimates again for 2018-2020 EPS again and increased his price target on Caterpillar shares to $192 from $155.
01/19/18
CLVD
01/19/18
NO CHANGE
CLVD
Caterpillar survey indicates better than expected Q4 demand, says Cleveland

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