-
Wells Fargo Upgrades Caterpillar On Upside In Key Markets
Friday, October 16, 2020 - 1:02pm | 246Read More...Caterpillar Inc’s (NYSE: CAT) earnings are expected to improve substantially in 2021 and beyond, according to Wells Fargo. The Caterpillar Analyst: Andrew Casey upgraded Caterpillar from Equal Weight to Overweight and raised the price target from $160 to $220. The Caterpillar Thesis:...
-
Wells Fargo Downgrades Deere And Caterpillar, Sees 'Likely Need To Cut Production Soon'
Thursday, September 12, 2019 - 10:46am | 422Read More...Construction stocks have lagged the market so far in 2019, but one analyst said Thursday his latest checks suggest there’s no relief in sight for Deere & Company (NYSE: DE) and Caterpillar Inc. (NYSE: CAT). The Analyst Wells Fargo analyst Andrew Casey downgraded Deere from Outperform to...
-
Deere Analyst Says Company Took Earnings Miss And Guidance Cut 'In Stride'
Monday, August 19, 2019 - 12:30pm | 338Read More...Deere & Company (NYSE: DE) reported a fiscal third-quarter miss and guidance cut and the stock reacted "in stride," according to Wells Fargo. The Analyst Wells Fargo analyst Andrew Casey maintains an Outperform rating on Deere with a price target lowered from $185 to $170. The Thesis...
-
The Street Reacts To Caterpillar's First Notable Miss In Years
Tuesday, January 29, 2019 - 1:41pm | 898Read More...Heavy construction and equipment maker Caterpillar Inc. (NYSE: CAT) reported Monday with fourth-quarter results that fell short of expectations for the first time in around two years. Here's how the Street reacted. The Analysts Morgan Stanley's Courtney Yakavonis maintains an...
-
Analysts Say The Market Is Getting Caterpillar Earnings Wrong
Wednesday, October 24, 2018 - 1:51pm | 414Read More...Caterpillar Inc. (NYSE: CAT) dropped another 3 percent Wednesday after the company released its Q3 earnings report Tuesday morning. Wall Street analysts, however, remain bullish on Caterpillar in the near term and see the sell-off as a buying opportunity for investors. Here’s a sampling of...
-
Deere's Earnings Power Could Be Stronger Than Guidance Suggests
Tuesday, February 21, 2017 - 8:48am | 294Read More...Deere & Company (NYSE: DE) raised its F2017 guidance, higher than consensus expectations, reflecting revenue growth. Despite this, the outlook appears conservative and the company’s earnings power seems better than what the current guidance reflects, Wells Fargo’s Andrew Casey said...
-
Deere Hits All-Time Highs; Wells Fargo Thinks It Can Go Higher
Friday, November 25, 2016 - 11:50am | 258Read More...Shares of Deere & Company (NYSE: DE) shot to $102 from $92, reaching a new 52-week high after a shocking Q4 report. The company more than doubled the Street’s expected EPS, topping sales estimates as well. Even with sales expected to decrease slightly in Q1 2017 following the trend of a...
-
Deere Likely To Benefit From A Bottoming In Demand After 3 Years Of Declines
Wednesday, October 12, 2016 - 2:14pm | 261Read More...Deere & Company (NYSE: DE) reported some relatively weak September sales numbers, but Wells Fargo analyst Andrew Casey believes the stock is still a solid buy ahead of a coming cyclical upswing in global demand. Deere’s September U.S./Canada sales fell short of its industry peers in...
-
UPDATE: Wells Fargo Downgrades Cummins Inc.
Tuesday, September 16, 2014 - 10:03am | 87Read More...Analysts at Wells Fargo downgrades shares of Cummins Inc. (NYSE: CMI) to Market Perform and decreased its price target to $145 from $148 Tuesday. Analysts feel the company will demonstrate slower growth potential than previously expected, as demand trends did not unfold as anticipated. Casey...
