Market Overview

Caterpillar EPS Estimates Slashed Again For 2013 and 2014

Share:
Related CAT
CNBC's Stock Pops & Drops From February 19
Caterpillar Falls Amid News Of Sales Decline
Will Joy Global (JOY) Earnings Disappoint Estimates in Q1? - Analyst Blog (Zacks)

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 lowered his estimates based on conversations with clients and after meetings with Caterpiller (NYSE: CAT), Joy Global (NYSE: JOY) and Komatsu.

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.

Latest Ratings for CAT

DateFirmActionFromTo
Feb 2015Argus ResearchDowngradesBuyHold
Jan 2015JefferiesMaintainsHold
Jan 2015Atlantic EquitiesDowngradesNeutralUnderweight

View More Analyst Ratings for CAT
View the Latest Analyst Ratings

Posted-In: Analyst Color News Analyst Ratings

 

Related Articles (CAT + JOY)

Around the Web, We're Loving...

Get Benzinga's Newsletters