Market Overview

Caterpillar EPS Estimates Slashed Again For 2013 and 2014

Share:
Related CAT
Boeing, Pfizer And Others Band Together To Ask Congress For More Taxes
This Might Be The Best Time To Buy Caterpillar
These Six Dow Components Back Border Tax, But Shallow Support Shows Why It's In Trouble (Investor's Business Daily)

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 2017Evercore ISI GroupUpgradesHoldBuy
Feb 2017BarclaysUpgradesEqual-WeightOverweight
Jan 2017Wells FargoUpgradesMarket PerformOutperform

View More Analyst Ratings for CAT
View the Latest Analyst Ratings

Posted-In: Analyst Color News Analyst Ratings

 

Related Articles (CAT + JOY)

View Comments and Join the Discussion!