Caterpillar Kept At Neutral
We maintain our Neutral recommendation on Caterpillar Inc. (NYSE:CAT) due to the recent loss of momentum in sales growth, margin headwinds, negative impact of the European debt crisis and a slowing Chinese economy. The quantitative Zacks #2 Rank (short-term Buy rating) for the company indicates slightly upward pressure on stock over the near term. Caterpillar [...]
We maintain our Neutral recommendation on Caterpillar Inc. (NYSE:CAT) due to the recent loss of momentum in sales growth, margin headwinds, negative impact of the European debt crisis and a slowing Chinese economy. The quantitative Zacks #2 Rank (short-term Buy rating) for the company indicates slightly upward pressure on stock over the near term.
Caterpillar has kickstarted 2012 by posting a record EPS of $2.37 in the first quarter. For fiscal 2012, Caterpillar’s sales guidance is in the range … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards