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Tuesday, Aug 27
Prospects gloomy for mining-truck output at Caterpillar - analyst
- Caterpillar (CAT) is unlikely to increase production of mining trucks at its Decatur plant - where the company has been laying hundreds of people off - until H2 next year, says William Blair analyst Lawrence De Maria.
- There are no signs of an increase in output despite a fall of 50%, with flat probably being the "best case" going forward.
- William Blair rates Caterpillar at Outperform with a price target of $95. Shares are -0.4% at $83.23.