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CAT

Caterpillar

$142.95

-5.215 (-3.52%)

08:35
04/09/18
04/09
08:35
04/09/18
08:35

Caterpillar upgraded to Positive on strong demand at OTR Global

As previously reported, OTR Globa upgraded Caterpillar to Positive from Mixed. The firm's equipment dealer checks indicate strong demand in North America and EMEA with tight supply supporting increased prices. OTR now expects global new equipment orders to be up 8%-11% year-over-year during Q1 versus up 7%-10% in Q4, and 2018 sales to be up 9%-12% year-over-year versus expectations of up 6%-9%.

  • 13

    Jun

CAT Caterpillar
$142.95

-5.215 (-3.52%)

03/02/18
MSCO
03/02/18
INITIATION
Target $185
MSCO
Overweight
Caterpillar initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst Courtney Yakavonis initiated coverage of the Construction Machinery space, starting Caterpillar with an Overweight rating and $185 price target. Construction machinery stocks have outperformed since 2016, but a recovery in the global economy and key end markets leads Yakavonis to believe that there could be further to go, she tells investors. The firm's most recent dealer survey indicates points to inventories having been "right-sized" compared to 2016 and Caterpillar's strong top line momentum, further margin expansion opportunities, and attractive valuation make it her top pick in the space, she said.
03/02/18
03/02/18
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. Home Depot (HD), Lowe's (LOW), Tempur Sealy (TPX), Mohawk (MHK), Lumber Liquidators (LL) and Michaels (MIK) initiated with a Hold at Loop Capital. The firm also started Fortune Brands (FBHS) and Wayfair (W) with a Buy. 2. Aflac (AFL), Lincoln National (LNC), Brighthouse Financial (BHF), MetLife (MET) Unum (UNM), Principal Financial (PFG) and Reinsurance Group (RGA) initiated with a Neutral at UBS. The firm also initiated Voya (VOYA) and FGL Holdings (FG) with a Buy and Torchmark (TMK) and American Equity (AEL) with a Sell. 3. HP Enterprise (HPE) initiated with a Neutral at JPMorgan. 4. Caterpillar (CAT), Deere (DE), United Rentals (URI) and Wabco (WBC) initiated with an Overweight, Oshkosh (OSK), Terex (TEX), Cummins (CMI), CNH Industrial (CNHI) and REV Group (REVG) initiated with an Equal Weight and Paccar (PCAR) and Agco (AGCO) initiated with an Underweight at Morgan Stanley. 5. Conatus (CNAT) initiated with an Outperform at Oppenheimer. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/05/18
CLVD
04/05/18
NO CHANGE
CLVD
Neutral
Caterpillar outlook remains strong on rising demand, says Cleveland Research
Cleveland Research analyst Adam Uhlman is keeping his Neutral rating on Caterpillar with a positive outlook for the company. Uhlman says that the dealer feedback from Europe suggests the company and its peers are raising their build rates this year and now sees demand rising about 10% vs. prior survey-driven forecast of mid-single-digits. The analyst also points to surveys from Asia suggesting "accelerating demand across mining, construction equipment, aftermarket, and power generation". Uhlman adds that the price increases of 1%-3% in January across Asia and Europe was met with little resistance from end users.
04/09/18
OTRG
04/09/18
UPGRADE
OTRG
Positive
Caterpillar upgraded to Positive from Mixed at OTR Global

TODAY'S FREE FLY STORIES

BOLD

Audentes Therapeutics

$33.74

0.7 (2.12%)

20:43
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Initiation
Audentes Therapeutics initiated at Citi »

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  • 12

    Sep

VNOM

Viper Energy

$38.06

-0.29 (-0.76%)

20:42
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20:42
Upgrade
Viper Energy rating change at Citi »

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SCPH

scPharmaceuticals

$4.94

-0.43 (-8.01%)

20:25
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Recommendations
scPharmaceuticals analyst commentary at BMO Capital »

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  • 24

    Sep

MDT

Medtronic

$90.06

-0.54 (-0.60%)

, TJX

TJX

$101.68

1.33 (1.33%)

20:25
08/20/18
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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MDT

Medtronic

$90.06

-0.54 (-0.60%)

TJX

TJX

$101.68

1.33 (1.33%)

SJM

J.M. Smucker

$115.92

1.35 (1.18%)

KSS

Kohl's

$78.86

2.43 (3.18%)

COTY

Coty

$12.41

0.19 (1.55%)

TOL

Toll Brothers

$34.72

0.33 (0.96%)

PINC

Premier

$38.35

-0.03 (-0.08%)

03/08/13
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  • 21

    Aug

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BHP

BHP Billiton

$48.30

0.38 (0.79%)

19:33
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Breaking Hot Stocks news story on BHP Billiton »

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TGE

Tallgrass Energy

$26.23

0.63 (2.46%)

19:23
08/20/18
08/20
19:23
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19:23
Recommendations
Tallgrass Energy analyst commentary at MUFG »

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TLRY

Tilray

$35.91

5.2 (16.93%)

19:18
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  • 28

    Aug

LFL

LATAM Airlines

$0.00

(0.00%)

19:10
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08/20
19:10
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19:10
Earnings
LATAM Airlines reports Q2 operating income $6.5M vs. $48.2M last year »

Reports Q2 revenue $2.36B…

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MNOV

MediciNova

$8.99

-0.11 (-1.21%)

19:08
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MediciNova says NIH awards research griant to UCLA for MN-166 trial »

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HTZ

Hertz

$21.05

0.155 (0.74%)

, FN

Fabrinet

$44.00

0.365 (0.84%)

18:45
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Hot Stocks
On The Fly: After Hours Movers »

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HTZ

Hertz

$21.05

0.155 (0.74%)

FN

Fabrinet

$44.00

0.365 (0.84%)

WDAY

Workday

$143.17

0.52 (0.36%)

SITO

Sito Mobile

$1.99

0.05 (2.58%)

NDSN

Nordson

$134.67

-0.12 (-0.09%)

APPN

Appian

$36.23

(0.00%)

CREE

Cree

$46.42

0.99 (2.18%)

MELI

MercadoLibre

$319.70

-4.3 (-1.33%)

03/08/13
Wedge Partners
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  • 20

    Aug

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  • 04

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    Aug

IBKR

Interactive Brokers

$61.99

0.76 (1.24%)

18:43
08/20/18
08/20
18:43
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18:43
Hot Stocks
FINRA fines Interactive Brokers $5.5M for regulation SHO violations »

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MSFT

Microsoft

$106.87

-0.71 (-0.66%)

18:29
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08/20
18:29
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18:29
Hot Stocks
LinkedIn to let economics researchers mine its data »

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  • 04

    Sep

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    Sep

GSB

GlobalSCAPE

$3.46

(0.00%)

18:27
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GlobalSCAPE to launch $15M modified Dutch auction tender offer »

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  • 10

    Oct

BHP

BHP Billiton

$48.30

0.38 (0.79%)

18:24
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08/20
18:24
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Earnings
BHP reports FY18 underlying profit $9.6B, consensus $9.2B according to Bloomberg »

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LII

Lennox

$225.37

2.76 (1.24%)

18:19
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18:19
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Earnings
Lennox cuts FY18 adjusted EPS view to $8.90-$9.30 from $9.95-$10.35 »

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GDI

Gardner Denver

$28.29

0.36 (1.29%)

18:10
08/20/18
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18:10
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Initiation
Gardner Denver initiated at Morgan Stanley »

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MMM

3M

$204.57

-0.24 (-0.12%)

18:09
08/20/18
08/20
18:09
08/20/18
18:09
Initiation
3M initiated at Morgan Stanley »

3M initiated with an…

03/08/13
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ETN

Eaton

$81.33

0.35 (0.43%)

18:05
08/20/18
08/20
18:05
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18:05
Initiation
Eaton initiated at Morgan Stanley »

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FLS

Flowserve

$51.51

0.16 (0.31%)

18:01
08/20/18
08/20
18:01
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18:01
Initiation
Flowserve initiated at Morgan Stanley »

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ITW

Illinois Tool Works

$138.37

-1.05 (-0.75%)

17:59
08/20/18
08/20
17:59
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17:59
Initiation
Illinois Tool Works initiated at Morgan Stanley »

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CFX

Colfax

$33.28

0.62 (1.90%)

17:56
08/20/18
08/20
17:56
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17:56
Initiation
Colfax initiated at Morgan Stanley »

Colfax initiated with an…

03/08/13
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ALLE

Allegion

$86.97

0.26 (0.30%)

17:54
08/20/18
08/20
17:54
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17:54
Initiation
Allegion initiated at Morgan Stanley »

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CGNX

Cognex

$52.42

0.02 (0.04%)

17:53
08/20/18
08/20
17:53
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Initiation
Cognex initiated at Morgan Stanley »

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UTX

United Technologies

$135.14

0.73 (0.54%)

17:47
08/20/18
08/20
17:47
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17:47
Periodicals
United Technologies buys analytics firm Predikto, Dow Jones says »

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JCI

Johnson Controls

$38.73

0.48 (1.25%)

17:47
08/20/18
08/20
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Initiation
Johnson Controls initiated at Morgan Stanley »

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