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CAT

Caterpillar

$138.06

-2.68 (-1.90%)

18:49
07/16/18
07/16
18:49
07/16/18
18:49

Caterpillar downgraded to Buy from Conviction Buy at Goldman Sachs

  • 30

    Jul

  • 08

    Aug

CAT Caterpillar
$138.06

-2.68 (-1.90%)

05/03/18
BOFA
05/03/18
DOWNGRADE
BOFA
Neutral
Caterpillar downgraded to Neutral from Buy at BofA/Merrill
05/03/18
BOFA
05/03/18
DOWNGRADE
Target $156
BOFA
Neutral
Caterpillar downgraded to Neutral on peak earnings, valuation at BofA/Merrill
As previously reported, BofA/Merrill downgraded Caterpillar to Neutral from Buy. Analyst Ross Gilardi believes leading indicators are looking "toppy," while Caterpillar's retail sales growth is slowing and Class 8 truck orders are at a high. The analyst notes Machinery stocks are highly correlated to ISM, which has dipped each of the last 3 months following a potential peak in February at the 60.8 reading, and expects multiple to continue to de-rate. Gilardi expects Caterpillar's earnings to top out in 2021 at approximately $15/share, implying a price target of $156, reduced from $172.
05/03/18
05/03/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Estee Lauder (EL) downgraded to Hold from Buy at Jefferies with analyst Stephanie Wissink saying she sees signs of growth rate moderation and rising customer level costs following third quarter results. 2. Malibu Boats (MBUU) downgraded to Market Perform from Outperform at Wells Fargo analyst Timothy Conder citing valuation. 3. Cummins (CMI) and Caterpillar (CAT) were downgraded to Neutral from Buy at BofA/Merrill. 4. Esperion (ESPR) downgraded to Underweight from Neutral at JPMorgan with analyst Jessica Fye saying it will be difficult for the stock to "dig out from" the recent pullback following the Phase III long-term safety study of bempedoic acid, which included a "curious death imbalance." 5. Habit Restaurants (HABT) downgraded to Equal Weight from Overweight at Stephens with analyst Will Slabaugh saying he sees limited visibility following the company's Q1 results. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/14/18
UBSW
06/14/18
NO CHANGE
Target $185
UBSW
Buy
Caterpillar price target raised to $185 from $178 at UBS
UBS analyst Steven Fisher raised his price target on Caterpillar to $185 from $178 to reflect the increased capital expenditures by the global mining sector. The analyst expects the mining majors to inflect in 2018 after five years of declines. He believes Caterpillar's mining business is still in the early recovery phase along with parts of its Energy & Transportation and Construction businesses. Fisher reiterated his Buy rating on Caterpillar shares.

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ADUS

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LMT

Lockheed Martin

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ITB

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$37.48

0.13 (0.35%)

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MARA

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NFLX

Netflix

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KSS

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EXFO

EXFO Inc.

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MDT

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