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.
News For CAT From The Last 14 Days
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Caterpillar upgraded to Buy from Neutral at ISI Group ISI Group upgraded Caterpillar to Buy citing recent share weakness and year-to-date machinery sector underperformance. Price target raised to $113 from $110.