real-time news and commentary for investors
Friday, Oct 18
Longbow remains bullish on Caterpillar going into earnings
- Longbow is out with some upbeat commentary on Caterpillar (CAT +2.1%) ahead of next week's Q3 report.
- Analyst Eli Lustgarten says two thirds of Longbow's contacts are reporting increased demand.
- Estimates: FY13 EPS of $6.25 (consensus is $6.23). FY14 EPS estimate is $7.20 versus consensus of $7.09.
- Buy rating reiterated. Price target is $104.