Fly News Breaks for February 3, 2020
Feb 3, 2020 | 09:44 EDT
RBC Capital analyst Seth Weber lowered his price target on Caterpillar to $145 and kept his Sector Perform rating after its below-consensus Q4 revenue and 2020 earnings guidance that reflect the softening end market. The analyst believes that the company may be in the "show me" camp based on its softening end markets, even though he sees it as being in better shape than during the prior cycle downturns given its positive and large free cash flow and balance sheet support.
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