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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

GPS

Gap

$28.28

-1.275 (-4.31%)

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PM

Philip Morris

$84.12

-1.53 (-1.79%)

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Philip Morris management to meet with UBS »

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ALXN

Alexion

$105.99

-5.75 (-5.15%)

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Action Economics Survey results »

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UCBI

United Community Banks

$32.40

0.27 (0.84%)

14:29
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Syndicate
Breaking Syndicate news story on United Community Banks »

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HRTX

Heron Therapeutics

$30.40

0.6 (2.01%)

14:24
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TGI

Triumph Group

$26.05

-0.2 (-0.76%)

14:20
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Options
Put buying in Triumph Group »

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$NSD

NASDAQ Market Internals

14:17
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04/20
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

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Technical Analysis
NYSE market internals summary »

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TWTR

Twitter

$31.93

0.39 (1.24%)

14:14
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Periodicals
Twitter bans ads from Kaspersky Lab, Reuters reports »

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GE

General Electric

$14.73

0.74 (5.29%)

, WAB

Wabtec

$88.35

4.61 (5.51%)

14:07
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Periodicals
GE explores merging transport unit with Wabtec, Reuters says »

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GE

General Electric

$14.73

0.74 (5.29%)

WAB

Wabtec

$88.35

4.61 (5.51%)

03/08/13
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KMB

Kimberly-Clark

$99.75

-3.59 (-3.47%)

14:05
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Technical Analysis
Technical Earnings Preview: Kimberly-Clark near 5-year lows ahead of earnings »

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DVMT

Dell Technologies

$73.08

-0.81 (-1.10%)

14:05
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04/20
14:05
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14:05
Options
Dell Technologies call volume above normal and directionally bullish »

Bullish option flow…

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  • 26

    Apr

WEN

Wendy's

$17.23

-0.165 (-0.95%)

14:02
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Wendy's announces 2020 goal of opening over 600 new restaurants globally »

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  • 24

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  • 30

    May

14:00
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14:00
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14:00
General news
Fed Governor Brainard did not break from the gradualist mantra »

Fed Governor Brainard did…

LITE

Lumentum

$59.70

-0.25 (-0.42%)

13:55
04/20/18
04/20
13:55
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13:55
Options
Lumentum put volume heavy and directionally bearish »

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ALXN

Alexion

$104.44

-7.3 (-6.53%)

13:46
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Alexion drops after Brazil AG says Soliris patent made public »

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  • 26

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AKRX

Akorn

$19.61

0.24 (1.24%)

13:45
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Options
Akorn call volume above normal and directionally bullish »

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13:45
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FX Action: USD-JPY »

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TGT

Target

$70.52

-0.45 (-0.63%)

13:35
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Options
Target put volume heavy and directionally bearish »

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  • 20

    Apr

IWM

iShares Trust Russell 2000 Index Fund

$155.75

-0.65 (-0.42%)

, RUT

Russell 2000 Index

13:35
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Technical Analysis
On The Fly: Weekly technical notes for Russell 2000 »

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IWM

iShares Trust Russell 2000 Index Fund

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-0.65 (-0.42%)

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Russell 2000 Index

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XLP

Consumer Staples Sector SPDR

$50.43

-0.915 (-1.78%)

, XLRE

Real Estate SPDR

$30.25

-0.25 (-0.82%)

13:33
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Technical Analysis
On The Fly: Weekly technical notes for S&P 500 »

For the last five days,…

XLP

Consumer Staples Sector SPDR

$50.43

-0.915 (-1.78%)

XLRE

Real Estate SPDR

$30.25

-0.25 (-0.82%)

XLK

Technology Select Sector SPDR

$66.26

-0.89 (-1.33%)

XLE

Energy Select Sector SPDR

$73.29

-0.37 (-0.50%)

XLB

S&P Select Materials SPDR

$58.95

-0.41 (-0.69%)

XLF

Financial Select Sector

$27.94

0.065 (0.23%)

SPY

SPDR S&P 500 ETF Trust

$266.75

-2.09 (-0.78%)

SPX

S&P 500

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SGMS

Scientific Games

$50.25

0.5 (1.01%)

13:25
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Options
Scientific Games call volume above normal and directionally bullish »

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  • 29

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ALXN

Alexion

$110.26

-1.48 (-1.32%)

13:21
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Periodicals
Brazil can produce generic Soliris after breaking Alexion patent, Bloomberg says »

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  • 26

    Apr

WAB

Wabtec

$82.74

-1 (-1.19%)

, GE

General Electric

$14.46

0.47 (3.36%)

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Hot Stocks
Wabtec rises after report of talks for GE rail business deal »

Shares of Wabtec (WAB)…

WAB

Wabtec

$82.74

-1 (-1.19%)

GE

General Electric

$14.46

0.47 (3.36%)

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