Caterpillar volume worries likely to overshadow pricing change, says Wells Fargo After Caterpillar announced some price increases, Wells Fargo expects the increases to be overshadowed by ongoing concerns about the volumes in several of its key businesses. The firm expects investors to be skeptical about price realization until recent declines in the company's volume trends stabilize. It keeps a Market Perform rating on the stock.
Caterpillar sales trends suggest 'muted' 2015 outlook, says Wells Fargo Wells Fargo says Caterpillar's November retail sales trends were weak with growth trends decelerating from October in all segments. Wells believes weakening demand trends suggest Caterpillar may provide "a muted" outlook for 2015, and the firm stays below consensus with its 2015 expectations. Wells has a Market Perform rating on Caterpillar.