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Fly News Breaks for February 3, 2020
CAT
Feb 3, 2020 | 07:02 EDT
Credit Suisse analyst Jamie Cook lowered his price target for Caterpillar to $162 from $173 after the company beat Q4 consensus estimates by 11% but provided its initial 2020 EPS outlook well below the street. While the guide was viewed as disappointing, the analyst believes it is prudent and sets the EPS trajectory up well for the second half of 2020 and into 2021. Cook has an Outperform rating on the shares.
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