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CAT

Caterpillar

$129.80

-4.1 (-3.06%)

13:05
03/23/19
03/23
13:05
03/23/19
13:05

Investors missing how far Caterpillar dug into costs, Barron's says

Caterpillar has made unique changes that it is showing up in operating margins, with other companies not having realized the same level of improvement, Al Root writes in this week's edition of Barron's. Overall, it looks like Caterpillar is on the right path, the author contends. Reference Link

  • 12

    Jun

CAT Caterpillar
$129.80

-4.1 (-3.06%)

02/26/19
UBSW
02/26/19
DOWNGRADE
Target $125
UBSW
Sell
Caterpillar downgraded to Sell from Buy at UBS
UBS analyst Steven Fisher double downgraded Caterpillar to Sell from Buy and cut his price target for the shares to $125 from $154. The stock closed yesterday up $2.80 to $141.41. The analyst believes ~55% of Caterpillar's end markets will peak in 2019, pressuring revenue and margins in 2020 as demand declines. Continued growth in mining and share buybacks will not be enough to offset headwinds in construction and oil and gas, Fisher tells investors in a research note. He expects Caterpillar's earnings will decline 8% year-over-year in 2020 and believes this is not priced into the shares. Consensus earnings estimates, which imply 8% year-over-year earnings growth in 2020, are 16% too high, says Fisher. As such, he expects downward earnings revisions to pressure Caterpillar shares over the next 12 months.
02/26/19
02/26/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Caterpillar (CAT) downgraded to Sell from Buy at UBS by analyst Steven Fisher, who believes believes ~55% of Caterpillar's end markets will peak in 2019, pressuring revenue and margins in 2020 as demand declines. Continued growth in mining and share buybacks will not be enough to offset headwinds in construction and oil and gas, he said. 2. Foot Locker (FL) downgraded to Hold from Buy at Pivotal Research by analyst Mitchel Kummetz, who sees a less favorable risk/reward into the company's Q4 results on March 1. The analyst expects "solid" Q4 results but believes the company's Q1 is likely off to a slow start. An easy two-year comparison may not be enough for Foot Locker to generate solid Q1 same-store-sales, as the quarter is likely off to a slow start on delayed/reduced tax refunds, he said. 3. Windstream (WIN) downgraded to Underperform from Market Perform at Wells Fargo by analyst Jennifer Fritzsche to reflect the company's filing for Chapter 11 restructuring and uncertainty surrounding the short to medium term operations and financing challenges. 4. Palo Alto Networks (PANW) downgraded to Market Perform from Outperform at Northland by analyst Robert Breza, who stated that he expects upside to Q2 revenue and EPS given the company's track record of earnings beats, but he also expects EPS to be guided down as the company invests for growth while absorbing the Demisto acquisition. 5. CenturyLink (CTL) downgraded to Neutral from Buy at BofA/Merrill by analyst David Barden, who said he learned that the dividend cut was based on leverage, maturities, and the state of the bond market, not any fundamental change in the business, revenue fixes are being taken but the top line will not inflect this year, and no structural changes are underway at this time. The analyst came away more confident about underlying trends, but believes investors are more focused on near-term revenue and believes Q1 consensus estimates are too high, setting up for poor stock performance. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/15/19
SBSH
03/15/19
NO CHANGE
Target $155
SBSH
Buy
Citi continues to see 'attractive risk-adjusted upside' in Caterpillar
A combination of "bullish" gas/liquids production and over $50 per barrel oil are fundamental drivers for Caterpillar's North American gas compression business, Citi analyst Timothy Thein tells investors in a research note. The analyst sees upside to 2020 and "attractive risk-adjusted upside" in Caterpillar shares. He maintains a Buy rating on the stock with a $155 price target. Feedback from his compression contacts suggests backlogs already pushed into mid-2020, says Thein.
03/15/19
OTRG
03/15/19
DOWNGRADE
OTRG
Negative
Caterpillar downgraded to Negative following checks at OTR Global
OTR Global downgraded Caterpillar to Negative from Mixed following equipment deal checks that indicate global order growth has "tapered" during Q1 and used equipment prices have moderated.

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AAPL

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SBUX

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V

Visa

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WNS

WNS Holdings

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0.26 (0.46%)

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ANTM

Anthem

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RL

Ralph Lauren

$129.74

-2.31 (-1.75%)

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SFLY

Shutterfly

$42.30

-0.65 (-1.51%)

09:32
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HTBK

Heritage Commerce

09:32
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09:32
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Heritage Commerce rating change  »

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SIVB

SVB Financial

$247.10

-1.84 (-0.74%)

09:32
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MAS

Masco

$37.50

-2.48 (-6.20%)

09:32
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  • 10

    May

FLGT

Fulgent Genetics

$7.23

-0.02 (-0.28%)

09:31
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Fulgent Genetics rating change at Credit Suisse »

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  • 07

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PRO

Pros Holdings

$45.06

-0.25 (-0.55%)

09:30
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  • 07

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CLS

Celestica

$7.29

-1.315 (-15.28%)

09:28
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Celestica rating change at Canaccord »

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SHW

Sherwin-Williams

$451.24

-6.61 (-1.44%)

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CARO

Carolina Financial

$36.08

-0.83 (-2.25%)

09:26
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ARGO

Argo Group

$74.21

-0.245 (-0.33%)

09:26
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POWI

Power Integrations

$78.11

-1.93 (-2.41%)

09:25
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HPE

HP Enterprise

$16.00

-0.27 (-1.66%)

09:25
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Conference/Events
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HFWA

Heritage Financial

$30.77

-0.6 (-1.91%)

09:23
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Heritage Financial rating change at Sandler ONeill »

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TAL

TAL Education

$36.22

1.81 (5.26%)

09:22
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09:20
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INTC

Intel

$57.59

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AMD

$27.66

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STX

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WDC

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MU

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SK

Slack Technologies

$0.00

(0.00%)

09:19
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