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.
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.