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Analysts React To Caterpillar's Miss, Morgan Stanley Calls It 'Very Surprising'

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Caterpillar Inc. (NYSE: CAT) is down sharply at the open following an earnings miss.

The company reported Q4 EPS of $1.35, well below the $1.55 consensus. The $1.35 in earnings also included a $0.19 per share lift from taxes, implying an even larger miss.

Caterpillar management also downwardly revised guidance for FY15 to $4.75 –- a steep reduction that Morgan Stanley analysts called “very surprising.” Morgan Stanley has an Equal-Weight rating on Caterpillar.

Credit Suisse has a $100 price with an Outperform rating on the stock.

Caterpillar has an 11 a.m. ET call to discuss the earnings and outlook.

Latest Ratings for CAT

May 2017Bank of AmericaUpgradesNeutralBuy
Mar 2017Tigress FinancialUpgradesUnderperformNeutral
Feb 2017Evercore ISI GroupUpgradesHoldBuy

View More Analyst Ratings for CAT
View the Latest Analyst Ratings

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