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Caterpillar Inc. (CAT1.DE)

Frankfurt - Frankfurt Delayed Price. Currency in EUR
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93.086+0.75 (+0.82%)
At close: 6:14PM CEST
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  • Barrons.com7 hours ago

    Caterpillar: Keep On Digging?

    Shares of Caterpillar (CAT) have soared this year as investors bet on a recovery among its customers. Last week, for instance, Deutsche Bank's Nicole DeBlase cut Caterpillar's shares to Hold from Buy, arguing that its stock had moved "past the point of maximum optimism." That's a fair argument given Caterpillar's 45% rise during the past 12 months. In a note release today, they argue that their recent dealer survey shows that Caterpillar is "set up well to raise estimates." They explain: For the US dealers, strength from the first quarter continued well into the end of the second quarter.