Neutral on Caterpillar – Analyst Blog
Posted on November 24, 2012 at 07:00 AM EST
We are maintaining our Neutral recommendation on Caterpillar Inc. (CAT) based on a muted fourth quarter outlook, reduced fiscal 2012 guidance, negative impact of the European debt crisis and a slowing Chinese economy. We currently have a Zacks #3 Rank (short-term Hold rating) on the stock. Caterpillar reported record third quarter both in terms of [...]
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