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CAT

Caterpillar

$133.69

1.47 (1.11%)

08:58
10/23/19
10/23
08:58
10/23/19
08:58

Caterpillar sees no further U.S. pension plan contributions for significant time

  • 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

KRTX

Karuna Therapeutics

$87.00

-7.7 (-8.13%)

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TJX

TJX

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$NSD

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$0.00

(0.00%)

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KRTX

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$NYE

NYSE Market Internals

$0.00

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MO

Altria Group

$48.31

-0.03 (-0.06%)

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  • 30

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SHAK

Shake Shack

$60.50

-1.25 (-2.02%)

, LHX

L3Harris Technologies

$203.50

0.74 (0.36%)

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SHAK

Shake Shack

$60.50

-1.25 (-2.02%)

LHX

L3Harris Technologies

$203.50

0.74 (0.36%)

PHAT

Phathom Pharmaceuticals

$23.00

-1.88 (-7.56%)

CABA

Cabaletta Bio

$14.79

0.95 (6.86%)

AGEN

Agenus

$4.30

-0.08 (-1.83%)

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T

AT&T

$38.64

-0.97 (-2.45%)

, HP

Helmerich & Payne

$37.54

-1.3 (-3.35%)

10:13
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Downgrade
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T

AT&T

$38.64

-0.97 (-2.45%)

HP

Helmerich & Payne

$37.54

-1.3 (-3.35%)

PSA

Public Storage

$211.30

-2.16 (-1.01%)

LEG

Leggett & Platt

$53.09

-0.45 (-0.84%)

ITUB

Itau Unibanco

$8.27

-0.14 (-1.66%)

03/08/13
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  • 19

    Nov

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  • 09

    Dec

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    Dec

  • 29

    Jan

AVGO

Broadcom

$322.53

11.58 (3.72%)

, MXL

MaxLinear

$20.14

0.3 (1.51%)

10:13
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Upgrade
Fly Intel: Top five analyst upgrades »

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AVGO

Broadcom

$322.53

11.58 (3.72%)

MXL

MaxLinear

$20.14

0.3 (1.51%)

BOLD

Audentes Therapeutics

$27.32

1.77 (6.93%)

OKTA

Okta

$124.81

3.6 (2.97%)

AVB

AvalonBay

$216.24

1.01 (0.47%)

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  • 05

    Dec

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  • 16

    Dec

AXAS

Abraxas Petroleum

$0.28

(0.00%)

10:11
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10:10
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General news
Quarterly Services Report [Advance] Iformation Revenue data reported »

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BRY

Berry Petroleum

$10.90

-0.405 (-3.58%)

10:10
11/19/19
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10:10
Downgrade
Berry Petroleum rating change  »

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10:10
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General news
E-Commerce Retail Sales E- Q/Q Change SAAR data reported »

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CHK

Chesapeake

$0.59

-0.0496 (-7.70%)

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CPE

Callon Petroleum

$3.83

-0.115 (-2.92%)

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EOG

EOG Resources

$70.11

-1.15 (-1.61%)

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FXI

iShares China Large-Cap ETF

$41.74

0.455 (1.10%)

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FANG

Diamondback Energy

$74.48

-1.24 (-1.64%)

10:09
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MGY

Magnolia Oil & Gas

$11.32

-0.15 (-1.31%)

10:09
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OAS

Oasis Petroleum

$2.49

-0.135 (-5.14%)

10:09
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Downgrade
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SWN

Southwestern Energy

$1.96

-0.015 (-0.76%)

10:08
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AVGO

Broadcom

$322.68

11.73 (3.77%)

, T

AT&T

$38.65

-0.96 (-2.42%)

10:08
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On The Fly
AT&T, MSG Networks downgrades among today's top analyst calls »

Check out today's top…

AVGO

Broadcom

$322.68

11.73 (3.77%)

T

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$38.65

-0.96 (-2.42%)

I

Intelsat

$5.90

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MSGN

MSG Networks

$17.82

-0.675 (-3.65%)

IMAX

Imax

$21.28

0.4 (1.92%)

AMC

AMC Entertainment

$8.79

0.3 (3.53%)

CNK

Cinemark

$34.42

0.295 (0.86%)

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  • 29

    Jan

WHLR

Wheeler REIT

$1.85

(0.00%)

10:08
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Stilwell Group urges Wheeler REIT shareholders to vote for director nominees »

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  • 19

    Dec

CHWY

Chewy

$22.50

0.395 (1.79%)

10:05
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11/19
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Options
Chewy call volume above normal and directionally bullish »

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  • 09

    Dec

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