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
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 . . .