Caterpillar beats profit estimates on strong equipment demand; shares rise
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Caterpillar (CAT) More Balanced Following Margin Rebound - UBS
October 31, 2022 3:50 PM EDTUBS analyst Steven Fisher downgraded Caterpillar (NYSE: CAT) to Neutral from Buy, raising the price target to $230 from $225.
The analyst explained that UBS views the company's risk-reward as more balanced following the margin rebound.
"Our thesis on positive margin inflection is playing out," said Fisher, who added that they continue to see a positive... More
Caterpillar (CAT) CEO says demand for construction equipment 'quite robust' - Bloomberg
October 27, 2022 9:26 AM EDTCaterpillar (NYSE: CAT) CEO says demand for construction equipment 'quite robust' - Bloomberg
... More