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Caterpillar Inc. Message Board

  • dbryand44@sbcglobal.net dbryand44 Apr 22, 2013 2:52 PM Flag

    Perhaps the CEO claiming the possablility that

    their market has hit bottom...Also, Bottom line, Goldman Sachs still believes that the company's
    updated EPS guidance is beatable. Moreover, CAT's aggressive stance on stock buyback
    is a positive.The firm has a neutral rating on the stock and a target price of $101.
    May be reason enough for this rally...
    i just do not think this will hold...P&F bearish goal is 73.00...a 75.-77 regression before we see 90.00.
    CAT is a great company but this is rather early!!!
    best to all

    Sentiment: Hold

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    • CEO assumes too much in his projection of "stability" and their best case scenario is a return to growth right around the time QE should be tapering - this will be moved much lower . . . thinking the next few days will be distribution to "long term" investors before it is brought down to a lower trading range with 80 being resistance for a while . . .

 
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