Caterpillar Earnings Beat BUT Warns on Aggressive China Pricing

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  • #20555
    ThePitBoss
    Participant

    Global industrial equipment manufacturer Caterpillar reported better than…

    [article]1480[/article]

    #21035
    ThePitBoss
    Participant

    Caterpillar Inc. (NYSE: CAT ) downgraded to Underweight from Equal Weight at Atlantic Equities.

    [color=green]Market Summary > Caterpillar Inc.
    NYSE: CAT
    133.78 +0.15 (0.11%)[/color]

    #21040
    ThePitBoss
    Participant

    [quote=”ThePitBoss” post=10848]Caterpillar Inc. (NYSE: CAT ) downgraded to Underweight from Equal Weight at Atlantic Equities.

    [color=green]Market Summary > Caterpillar Inc.
    NYSE: CAT
    133.78 +0.15 (0.11%)[/color][/quote]

    “Given the relatively larger reductions to our EPS estimates for CAT and GWW, combined with our view that PE multiples will not expand as sell-side estimates are lowered, we expect the shares for these companies to come under the most pressure and lag the average return we see for our overall coverage. ”

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