Caterpillar Earnings Miss as Dealers Decrease Inventories, Lower China Demand

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  • #22256
    ThePitBoss
    Participant

    Global industrial equipment manufacturer Caterpillar reported worse than…

    [article]1784[/article]

    #22272
    ThePitBoss
    Participant

    Credit Suisse raised ts Caterpillar target price to $150 Inc. (NYSE: CAT) though the firm maintained an Outperform rating.

    RBC Capital lowered its price target to $142 from $146 and has a Sector Perform rating,

    UBS lowered its price target to $111 and has a Sell rating on the heavy equipment giant.

    #23356
    Super Harley
    Participant

    Caterpillar Cancel Pay Rises via Bloomberg

    Senior executives, management, and salaried employees will not receive base salary increases they were otherwise entitled to under the company’s annual incentive plan, says Caterpillar (NYSE:CAT) CEO Jim Umpleby in a company memo.

    “We must act with a sense of urgency to respond to this extremely challenging situation.

    Market Summary > Caterpillar Inc.
    NYSE: CAT
    116.04 USD +4.33 (3.88%)
    Closed: Mar 31 2020

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