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CAT

Caterpillar

$133.69

1.47 (1.11%)

08:56
10/23/19
10/23
08:56
10/23/19
08:56

Caterpillar sees flat end user demand in Q4 vs. previous expectation of a rise

  • 23

    Oct

  • 04

    Nov

CAT Caterpillar
$133.69

1.47 (1.11%)

10/11/19
FBCO
10/11/19
NO CHANGE
Target $149
FBCO
Outperform
Caterpillar price target lowered to $149 after dealer survey at Credit Suisse
Credit Suisse analyst Jamie Cook said 35% of Caterpillar dealers surveyed by the firm cited risks, albeit modest, to full year estimates, while the rest reiterated prior forecasts calling for demand to be flat to up 5%. In the U.S., used pricing remains fairly stable and dealer inventory is slightly elevated in certain regions, Cook said he found. For 2020, however, the outlook is now seen as worse, projected to be down 5%-10% compared to last quarter's forecast of flat to down 5%, the analyst noted. He lowered his FY19-FY21 EPS forecasts in response to the further deterioration in the survey results and weaker industrial data more broadly, causing him to cut his price target for Caterpillar shares to $149 from $165. Cook keeps an Outperform rating on Caterpillar.
10/18/19
MSCO
10/18/19
DOWNGRADE
Target $145
MSCO
Equal Weight
Caterpillar downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Courtney Yakavonis downgraded Caterpillar to Equal Weight from Overweight with a $145 price target.
10/18/19
MSCO
10/18/19
DOWNGRADE
Target $145
MSCO
Equal Weight
Morgan Stanley downgrades Caterpillar, sees 2020 declines for two biggest units
As previously reported, Morgan Stanley analyst Courtney Yakavonis downgraded Caterpillar to Equal Weight from Overweight with a price target of $145, down from $150. She believes that the U.S. Construction Equipment market peaked in 2019 and that Energy & Transportation, or E&T, markets will fail to re-accelerate in 2020, leading Yakavonis to now expect negative growth in the company's two largest business segments in 2020 as well as less upside in Resources. Her sales and EPS estimates are 4% and 2%, respectively, below consensus, and her updated estimates now call for a mild year-over-year earnings decline in 2020, Yakavonis tells investors.
10/18/19
10/18/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Gildan Activewear (GIL) downgraded to Sell from Buy at Desjardins, to Hold from Buy at Stifel, and to Underperform from Buy at BofA/Merrill. 2. Caterpillar (CAT) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Courtney Yakavonis saying she believes that the U.S. Construction Equipment market peaked in 2019 and that Energy & Transportation, or E&T, markets will fail to re-accelerate in 2020. 3. Charles River (CRL) downgraded to Neutral from Buy at BofA/Merrill with analyst Juan Avendano saying the company's acquisition growth opportunities "seem less compelling" going forward. 4. Macy's (M), Gap (GPS), and L Brands (LB) downgraded to Underperform from Neutral at Credit Suisse. 5. Waste Management (WM) downgraded to Neutral from Buy at BofA/Merrill and to Sector Weight from Overweight at KeyBanc. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

FIX

Comfort Systems USA

$50.26

-0.07 (-0.14%)

09:38
11/14/19
11/14
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09:38
Conference/Events
Comfort Systems USA management to meet with Sidoti »

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EA

Electronic Arts

$96.02

-0.26 (-0.27%)

, MSFT

Microsoft

$147.33

0.22 (0.15%)

09:37
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Conference/Events
Oppenheimer to hold a bus tour »

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EA

Electronic Arts

$96.02

-0.26 (-0.27%)

MSFT

Microsoft

$147.33

0.22 (0.15%)

ZNGA

Zynga

$6.32

-0.02 (-0.32%)

03/08/13
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FTNT

Fortinet

$99.69

-0.245 (-0.25%)

09:36
11/14/19
11/14
09:36
11/14/19
09:36
Conference/Events
Fortinet to host analyst day »

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AOBC

American Outdoor Brands

$7.90

0.22 (2.86%)

09:36
11/14/19
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09:36
Recommendations
American Outdoor Brands analyst commentary  »

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  • 14

    Nov

PAVM

PAVmed

$0.87

-0.0335 (-3.70%)

09:36
11/14/19
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09:36
Hot Stocks
PAVmed enters license, shareholder agreements with Airware, Liquid Sensing »

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  • 21

    Nov

TRNX

Taronis Technologies

$2.02

-0.1 (-4.72%)

09:33
11/14/19
11/14
09:33
11/14/19
09:33
Hot Stocks
Taronis Technologies announces formation of Turkish joint venture »

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DDAIF

Daimler AG

$0.00

(0.00%)

09:32
11/14/19
11/14
09:32
11/14/19
09:32
Periodicals
Daimler CEO gets 'reality check' about robotaxis, Reuters reports »

Daimler CEO Ola…

03/08/13
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DIS

Disney

$148.69

10.13 (7.31%)

09:31
11/14/19
11/14
09:31
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09:31
Recommendations
Disney analyst commentary  »

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PRAH

PRA Health

09:31
11/14/19
11/14
09:31
11/14/19
09:31
Upgrade
PRA Health rating change  »

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03/08/13
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  • 07

    Dec

IQV

Iqvia

$143.59

0.5 (0.35%)

09:31
11/14/19
11/14
09:31
11/14/19
09:31
Upgrade
Iqvia rating change  »

Iqvia upgraded to…

03/08/13
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03/06/13
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  • 07

    Dec

PEG

PSEG

$61.06

0.6 (0.99%)

09:30
11/14/19
11/14
09:30
11/14/19
09:30
Downgrade
PSEG rating change  »

PSEG downgraded to Peer…

03/08/13
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SPLK

Splunk

$124.60

-0.25 (-0.20%)

09:30
11/14/19
11/14
09:30
11/14/19
09:30
Downgrade
Splunk rating change  »

Splunk downgraded to…

03/08/13
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  • 21

    Nov

09:30
11/14/19
11/14
09:30
11/14/19
09:30
Conference/Events
Federal Reserve Bank of San Francisco to hold a conference »

Asia Economic Policy…

PRPO

Precipio

$2.33

-0.02 (-0.85%)

09:29
11/14/19
11/14
09:29
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09:29
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Precipio announces preliminary results from IV-Cell Media comparative study »

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HTGC

Hercules Capital

$14.02

0.03 (0.21%)

, ARCC

Ares Capital

$18.66

0.055 (0.30%)

09:29
11/14/19
11/14
09:29
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09:29
Conference/Events
Jefferies to hold a conference »

4th Annual BDC Frankfurt…

HTGC

Hercules Capital

$14.02

0.03 (0.21%)

ARCC

Ares Capital

$18.66

0.055 (0.30%)

AINV

Apollo Investment

$16.34

-0.08 (-0.49%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 14

    Nov

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09:28
11/14/19
11/14
09:28
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Conference/Events
Needham to hold a conference »

9th Annual Needham SaaS…

PSNL

Personalis

$10.92

0.745 (7.33%)

09:27
11/14/19
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Recommendations
Personalis analyst commentary  »

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  • 19

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CAGDF

Centerra Gold

$0.00

(0.00%)

09:27
11/14/19
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09:27
Hot Stocks
Centerra Gold commences crushing, stacking ore at Oksut Project »

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09:26
11/14/19
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09:26
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Conference/Events
TD Securities to hold a conference »

2019 Technology…

TPCO

Tribune Publishing

$9.60

-0.2 (-2.04%)

09:26
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Hot Stocks
Tribune Publishing declares inital quarterly cash dividend of 25c per share »

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09:25
11/14/19
11/14
09:25
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09:25
Conference/Events
Wells Fargo to hold a conference »

2019 Investor IT Boot…

OSW

OneSpaWorld

$15.05

-1.06 (-6.58%)

09:25
11/14/19
11/14
09:25
11/14/19
09:25
Recommendations
OneSpaWorld analyst commentary  »

OneSpaWorld weakness…

03/08/13
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SSYS

Stratasys

$18.35

-2.39 (-11.52%)

09:25
11/14/19
11/14
09:25
11/14/19
09:25
Recommendations
Stratasys analyst commentary  »

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03/06/13
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09:25
11/14/19
11/14
09:25
11/14/19
09:25
General news
Fed VC Clarida said the economy is at or close to maximum employment and price stability »

Fed VC Clarida said the…

EPAC

Enerpac Tool

$24.81

-0.935 (-3.63%)

09:25
11/14/19
11/14
09:25
11/14/19
09:25
Conference/Events
Enerpac Tool to host investor day »

Investor day to be held…

03/08/13
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03/08/13
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  • 14

    Nov

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