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Fly News Breaks for August 14, 2019
CAT
Aug 14, 2019 | 16:31 EDT
Stephens analyst Ashish Gupta initiated Caterpillar with an Underweight rating and a price target of $100. The analyst is positive on the company's restructuring efforts that yielded "significant" margin improvement, but sees risk-reward on the stock skewed to the downside from the slowing global economic growth. Gupta adds that an infrastructure bill from the U.S. or a "flood like liquidity" from People's Bank of China would be positive catalysts.
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