Caterpillar EPS Estimates Slashed Again For 2013 and 2014
Ted Grace, an analyst for Susquehanna, lowers his 2013 EPS estimate to $7.45 from $8.00 and his 2014 EPS estimate to $8.40 from $9.05.
Grace also lowered his price target to $109, from $118 and sees shares range-bound until mining confidence returns.
CAT is currently unchanged in pre-market trading.
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