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Stock impact report

Barclays Updates Machinery Outlook, Boosts Caterpillar (CAT) Target [Yahoo! Finance]

Caterpillar, Inc. (CAT) 
Last caterpillar, inc. earnings: 4/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: caterpillar.com/en/investors.html
Company Research Source: Yahoo! Finance
Barclays Updates Machinery Outlook, Boosts Caterpillar (CAT) Target On March 31, Barclays analyst Adam Seiden raised the firm's price recommendation on Caterpillar Inc. (NYSE:CAT) to $700 from $625. It reiterated an Equal Weight rating on the shares. The firm updated its targets across machinery and construction names as part of its Q1 preview. It pointed out that rentals, small-cap cyclicals, and agriculture are dealing with higher input costs, added competition, and what it described as “fading recovery narratives.” The analyst said rising input costs stand out as a “bigger negative risk” for agriculture markets. At the same time, there is a growing chance of government-related support, especially with an election year shaping demand across several end markets. Earlier in March, Reuters reported that Atlas Energy signed an agreement with Caterpillar to secure about $840 million worth of power-generation equipment through 2029. The move is meant to lock in manufacturing capacity Show less Read more
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