News Breaks |
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| January 18, 2013 |
| 11:13 EDT |  | CAT | Caterpillar rises after China data, Piper Jaffray upgrade
Caterpillar (CAT) is advancing after China reported better than expected economic data earlier today, and a research firm upgraded the stock. China's fourth quarter GDP growth and its retail sales and industrial output for December all slightly exceeded analysts' expectations. China accounts for only a few percent of Caterpillar's revenue but had been seen as a growth engine for the company before slowing last year. In a note to investors earlier today, Piper Jaffray analyst Alexander Potter upgraded Caterpillar to Overweight from Neutral. Investors' concerns about a build-up of machine inventory in China and shaky demand for mining equipment due to a reduced appetite for raw materials in that country have faded, Potter believes, after conducting extensive research. The better than expected Chinese data and strong U.S. housing starts provide additional support for this thesis, according to the analyst, who raised his price target on Caterpillar to $113 from $85. In late morning trading, Caterpillar rose 0.43% to $96.11. |
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News For CAT From The Last 14 Days Check below for free stories on CAT the last two weeks. |
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| May 22, 2013 |
| 09:42 EDT |  | CAT | Senate Committee on Foreign Relations to hold a hearing
The Committee holds a hearing entitled, "Different Perspectives on International Development" with Director of International Governmental Affairs Lane of Caterpillar (CAT) on May 22 at 10:30 am. Webcast Link |
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| May 21, 2013 |
| 10:22 EDT |  | CAT | Caterpillar to resume talks with steelworkers, WSJ says
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| May 20, 2013 |
| 10:45 EDT |  | CAT | Caterpillar trends were weak in April, says Wells Fargo
Wells Fargo notes that Caterpillar's machines sales growth decelerated in April. The firm thinks that modest improvements in the company's overall trends may be mostly offset by North American machines sales deceleration, and it keeps a Market Perform rating on the shares. |
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| 09:03 EDT | | CAT | Caterpillar reports Power Systems retail down 5% in 3-months end April
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| 09:01 EDT | | CAT | Caterpillar reports April 3-month rolling period retail machine sales down 9%
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| 07:45 EDT | | CAT | Wunderlich Securities to hsot a summit
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| May 17, 2013 |
| 05:21 EDT | | CAT | Caterpillar, Mining Machinery resolve all outstanding issues
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| May 16, 2013 |
| 19:01 EDT | | CAT | Caterpillar and Mining Machinery Limited announce settlement agreement
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