Fly News Breaks for July 16, 2019
Jul 16, 2019 | 09:30 EDT
Cleveland Research analyst Adam Uhlman said his survey work indicated that North American construction equipment dealers missed plan in Q2 for the first time in years and that domestic dealers forecast 2020 sales flat to down 5%, on average, due macro uncertainty. International contacts are even more cautious on the second half of 2019 and 2020 outlook, said Uhlman, who reduced his 2019 and 2020 EPS estimate for Caterpillar and keeps a Neutral rating on the shares.
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