- Caterpillar (CAT +1.2%) tops the Dow, as BofA Merrill Lynch analyst Ross Gilardl, which rates shares a Buy with a $120 price target, thinks CAT's earnings are set to go higher following Deere's strong Q2 report and improved construction and forestry outlook, according to TheFly.com.
- Noting that some CAT dealers are reporting rising backlogs, the firm hikes its FY 2017 EPS forecast to $4.50 from $4.30 and FY 2018 outlook to $5.75 from $5.40, now 12% Wall Street above consensus for both.
Caterpillar earnings set to go higher, BofA Merrill analyst says
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Symbol | Last Price | % Chg |
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CAT | - | - |
Caterpillar Inc. |