Breaking News Instant updates and real-time market news.

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.

TODAY'S FREE FLY STORIES

PINC

Premier

$38.38

0.24 (0.63%)

09:15
08/20/18
08/20
09:15
08/20/18
09:15
Hot Stocks
Premier to provide operational transformation consulting to UofL Hospital, ULP »

Premier has expanded its…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Aug

  • 05

    Sep

  • 14

    Sep

OPTT

Ocean Power

$0.76

0.0501 (7.06%)

, E

Eni SpA

$36.28

0.12 (0.33%)

09:14
08/20/18
08/20
09:14
08/20/18
09:14
Hot Stocks
Ocean Power ships PB3 PowerBuoy to Eni SpA »

Ocean Power (OPTT)…

OPTT

Ocean Power

$0.76

0.0501 (7.06%)

E

Eni SpA

$36.28

0.12 (0.33%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SODA

SodaStream

$129.89

1.12 (0.87%)

, PEP

PepsiCo

$114.98

0.7 (0.61%)

09:14
08/20/18
08/20
09:14
08/20/18
09:14
Hot Stocks
Fly Intel: Pre-market Movers »

HIGHER: SodaStream…

SODA

SodaStream

$129.89

1.12 (0.87%)

PEP

PepsiCo

$114.98

0.7 (0.61%)

TSLA

Tesla

$305.33

-30.13 (-8.98%)

MIXT

MiX Telematics

$15.09

-0.17 (-1.11%)

NKE

Nike

$79.73

-0.32 (-0.40%)

BBOX

Black Box

$1.64

0.09 (5.81%)

LCI

Lannett

$13.50

-0.25 (-1.82%)

INFY

Infosys

$21.09

0.095 (0.45%)

STZ

Constellation Brands, also tag STZ.B

$203.90

1.47 (0.73%)

NWS

News Corp

$14.40

0.1 (0.70%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Aug

  • 28

    Aug

  • 12

    Sep

  • 02

    Oct

  • 28

    Oct

  • 29

    Oct

AKAO

Achaogen

$5.91

0.21 (3.68%)

09:13
08/20/18
08/20
09:13
08/20/18
09:13
Recommendations
Achaogen analyst commentary  »

Achaogen price target…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 30

    Aug

  • 31

    Aug

TSLA

Tesla

$305.33

-30.13 (-8.98%)

09:13
08/20/18
08/20
09:13
08/20/18
09:13
Recommendations
Tesla analyst commentary  »

Tesla price target cut to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 29

    Oct

RADA

RADA Electronic

$2.52

-0.02 (-0.79%)

09:11
08/20/18
08/20
09:11
08/20/18
09:11
Hot Stocks
RADA Electronic's MHR to be delivered to the British Army »

RADA Electronic announced…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

09:10
08/20/18
08/20
09:10
08/20/18
09:10
General news
FX Action: USD-JPY »

FX Action: USD-JPY has…

LTBR

Lightbridge

$0.87

0.004 (0.46%)

09:08
08/20/18
08/20
09:08
08/20/18
09:08
Hot Stocks
Lightbridge CFO Linda Zwobota to retire, Larry Goldman to succeed »

Lightbridge announced the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AAPL

Apple

$217.65

4.16 (1.95%)

09:05
08/20/18
08/20
09:05
08/20/18
09:05
Downgrade
Apple rating change  »

Apple downgraded to Sell…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

09:05
08/20/18
08/20
09:05
08/20/18
09:05
General news
Treasury Action: yields have extended early declines »

Treasury Action: yields…

JCP

J.C. Penney

$1.79

0.025 (1.42%)

09:04
08/20/18
08/20
09:04
08/20/18
09:04
Hot Stocks
J.C. Penney unveils new, exclusive big & tall brand with Shaquille O'Neal »

Building on the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ICHR

Ichor Holdings

$21.32

-0.57 (-2.60%)

09:04
08/20/18
08/20
09:04
08/20/18
09:04
Hot Stocks
Ichor Holdings announces $50M increase to share repurchase program »

Ichor Holdings announced…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 12

    Sep

IVAC

Intevac

$5.03

0.225 (4.69%)

09:03
08/20/18
08/20
09:03
08/20/18
09:03
Hot Stocks
Intevac announces $10M expansion of existing $30M share repurchase program »

Intevac announced that…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BXP

Boston Properties

$132.14

0.5 (0.38%)

09:02
08/20/18
08/20
09:02
08/20/18
09:02
Recommendations
Boston Properties analyst commentary  »

Boston Properties price…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

RICK

RCI Hospitality

$32.61

0.36 (1.12%)

09:02
08/20/18
08/20
09:02
08/20/18
09:02
Hot Stocks
RCI Hospitality to acquire Blush Gentlemen's Club & Sports Bar for $15M »

RCI Hospitality announced…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

GWRE

Guidewire

$95.23

-1.47 (-1.52%)

08:58
08/20/18
08/20
08:58
08/20/18
08:58
Hot Stocks
Guidewire contributes to report on cyber insurance market »

Guidewire Software helped…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Aug

  • 12

    Sep

AAPL

Apple

$217.65

4.16 (1.95%)

, TSLA

Tesla

$305.33

-30.13 (-8.98%)

08:55
08/20/18
08/20
08:55
08/20/18
08:55
Options
Notable open interest changes for August 20th »

Friday's total…

AAPL

Apple

$217.65

4.16 (1.95%)

TSLA

Tesla

$305.33

-30.13 (-8.98%)

BABA

Alibaba

$172.76

0.78 (0.45%)

FB

Facebook

$173.78

-0.98 (-0.56%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Aug

  • 22

    Aug

  • 23

    Aug

  • 06

    Sep

  • 10

    Sep

  • 18

    Sep

  • 29

    Oct

PAY

Verifone

$23.04

0.01 (0.04%)

08:54
08/20/18
08/20
08:54
08/20/18
08:54
Hot Stocks
Breaking Hot Stocks news story on Verifone »

Verifone trading halted,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

LQDA

Liquidia Technologies

$14.30

-0.12 (-0.83%)

08:52
08/20/18
08/20
08:52
08/20/18
08:52
Initiation
Liquidia Technologies initiated  »

Liquidia Technologies…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

F

Ford

$9.56

0.04 (0.42%)

08:51
08/20/18
08/20
08:51
08/20/18
08:51
Recommendations
Ford analyst commentary  »

Ford risks high, but so…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 31

    Aug

TNDM

TNDM

, DXCM

DexCom

$130.93

2.61 (2.03%)

08:51
08/20/18
08/20
08:51
08/20/18
08:51
Recommendations
TNDM, DexCom analyst commentary  »

Tandem Diabetes price…

TNDM

TNDM

DXCM

DexCom

$130.93

2.61 (2.03%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Aug

  • 22

    Aug

  • 27

    Aug

  • 12

    Sep

  • 13

    Sep

  • 20

    Sep

  • 21

    Sep

08:50
08/20/18
08/20
08:50
08/20/18
08:50
General news
Fedspeak from Atlanta Fed dove Bostic »

Fedspeak from Atlanta Fed…

VERI

Veritone

$11.41

0.11 (0.97%)

08:49
08/20/18
08/20
08:49
08/20/18
08:49
Conference/Events
Veritone to hold a conference call »

Management discusses the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Aug

VMC

Vulcan Materials

$110.31

0.46 (0.42%)

08:47
08/20/18
08/20
08:47
08/20/18
08:47
Recommendations
Vulcan Materials analyst commentary  »

Vulcan Materials price…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 10

    Sep

  • 06

    Nov

MLCO

Melco Resorts & Entertainment

$22.08

0.56 (2.60%)

08:47
08/20/18
08/20
08:47
08/20/18
08:47
Hot Stocks
Melco Resorts & Entertainment subsidiary provides update on IPO »

Studio City International…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.