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CAT

Caterpillar

$152.29

3.08 (2.06%)

09:07
02/13/18
02/13
09:07
02/13/18
09:07

Caterpillar reports retail machines sales up 34% in three months end January

Caterpillar reported in a regulatory filing that its total retail machines sales were up 34% on a three month rolling basis in January. For reference, retail sales of machines were up 34% in the period ending in December and up 26% in the period ending in November. The company reported world Resources Industries sales up 49% in the January-end period, compared to a December period increase of 50%. Construction Industries world sales were up 30% in the January-end period, versus than the 31% increase in the prior three-month period. Total Energy & Transportation Retail Sales were up 16% in the January-end period, down from a 19% increase in the prior three-month period.

CAT Caterpillar
$152.29

3.08 (2.06%)

01/23/18
GHSC
01/23/18
UPGRADE
Target $195
GHSC
Buy
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.
01/23/18
01/23/18
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. Dollar General (DG) upgraded to Outperform from Underperform at Wells Fargo with analyst Edward Kelly saying performance at the company has improved recently, and the momentum should accelerate in 2018. 2. Dick's Sporting (DKS) upgraded to Positive from Neutral at Susquehanna with analyst Sam Poser saying he believes earnings results should surprise to the upside given a low bar and weather that was not as bad as expected, which drove better sales trends. 3. Caterpillar (CAT) upgraded to Buy from Neutral at Seaport Global with analyst Michael Shlisky citing fourth quarter dealer checks and discussions with the company and competitors. 4. ResMed (RMD) upgraded to Hold from Underperform at Needham with analyst Mike Matson saying he now believes the company can sustain higher revenue growth over the next few years and is positioned to drive sustained operating leverage. 5. HP Enterprise (HPE) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Katy Huberty saying she believes that declines at the legacy Enterprise Group will moderate in 2018 and be offset by upward trending IT budgets and near-term growth from hyperconverged, flash and network security. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/25/18
PIPR
01/25/18
NO CHANGE
Target $49
PIPR
Overweight
Piper sees potential upside to Trimble's Q4 after Caterpillar sales
Piper Jaffray analyst Brett Wong says he continues to see strength in Trimble Navigation's (TRMB) key end markets. The company's joint venture partner Caterpillar (CAT) reported yesterday ongoing acceleration in construction equipment sales through the back-end of 2017, Wong tells investors in a research note. He believes this drives potential upside for Trimble's Q4. The analyst keeps a Buy rating on the shares with a $49 price target.
02/01/18
ARGS
02/01/18
NO CHANGE
Target $185
ARGS
Buy
Caterpillar price target raised to $185 from $155 at Argus
Argus analyst John Eade raised his price target on Caterpillar to $185 and kept his Buy rating, saying the management was optimistic about the outlook in its latest earnings report. Eade raises his FY18 EPS target to $9.20 from $8.30, forecasts more growth in FY19, and adds that shares continue to offer value despite the recent advance in the stock price. The analyst believes that various commodity and currency trends are turning in the company's favor, just as the management takes steps to aggressively reduce costs.

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TDG

TransDigm

$292.99

0.27 (0.09%)

18:50
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KDMN

Kadmon

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ASR

Asur

$182.83

1.49 (0.82%)

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USB

U.S. Bancorp

$54.27

-0.83 (-1.51%)

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Judge criticizes U.S. Bancorp deal to sidestep prosecution, Bloomberg reports »

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KZIA

Kazia Therapeutics

$4.99

0.43 (9.43%)

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OBE

Obsidian Energy

$0.98

0.0183 (1.91%)

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Obsidian Energy reports 126% reserve replacement of 2017 production »

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OBE

Obsidian Energy

$0.98

0.0183 (1.91%)

18:27
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Obsidian Energy names Jay Thornton chairman of the board »

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SSRM

SSR Mining

$8.33

0.06 (0.73%)

18:27
02/22/18
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Earnings
SSR Mining reports Q4 adjusted EPS 2c, consensus 7c »

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SSRM

SSR Mining

$8.33

0.06 (0.73%)

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IVC

Invacare

$17.97

-0.28 (-1.53%)

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Invacare names Kathleen Leneghan as CFO, effective immediately »

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SHCAY

Sharp

$8.21

-0.025 (-0.30%)

18:18
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Sharp drops legal action against Hisense over TV brands, Nikkei reports »

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GM

General Motors

$40.91

0.35 (0.86%)

18:17
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GM seeks South Korean aid to bolster local unit, Nikkei Asian Review reports »

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SJI

South Jersey Industries

$26.34

0.23 (0.88%)

18:14
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Earnings
Breaking Earnings news story on South Jersey Industries »

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TRTN

Triton International

$28.16

-0.4 (-1.40%)

18:13
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Triton International reports Q4 adjusted EPS 85c, consensus 80c »

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SJI

South Jersey Industries

$26.34

0.23 (0.88%)

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Earnings
Breaking Earnings news story on South Jersey Industries »

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PAA

Plains All American

$20.97

-0.43 (-2.01%)

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STX

Seagate

$51.36

-0.08 (-0.16%)

18:03
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WDC

Western Digital

$85.53

-0.14 (-0.16%)

18:01
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Initiation
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HPQ

HP Inc.

$21.39

0.22 (1.04%)

17:56
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BKD

Brookdale Senior Living

$7.18

-1.72 (-19.33%)

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AQMS

Aqua Metals

$2.62

-0.25 (-8.71%)

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PBA

Pembina Pipeline

$32.31

-0.1271 (-0.39%)

17:47
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