Caterpillar dealers exceeding forecasts, says Credit Suisse Credit Suisse's survey indicates 95% of Caterpillar dealers are exceeding forecasts and note inventories are low and pricing remains competitive. The firm raised its growth forecast to 8-12% year-over-year from 5-7%. The firm rates shares an Outperform with a $117 price target.
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.