Caterpillar Inc. (NYSE:CAT) Q1 2024 Earnings Call Transcript
Caterpillar Inc. beats earnings expectations. Reported EPS is $5.6, expectations were $5.12. Caterpillar Inc.
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Caterpillar Inc. beats earnings expectations. Reported EPS is $5.6, expectations were $5.12. Caterpillar Inc.
Operator: Ladies and gentlemen, welcome to the Fourth Quarter 2023 Caterpillar Earnings Conference Call. Please be advised that today's conference is recorded.
Friday, BofA analyst Michael Feniger downgraded shares of Cummins to Sell from Hold and took his target price to $225 a share from $243.
Friday, BofA analyst Michael Feniger downgraded shares of Cummins to Sell from Hold and took his target price to $225 a share from $243.
BofA Securities' Michael Feniger adjusts ratings for machinery and energy companies, anticipating challenges in the machinery sector due to slow backlogs and moderating pricing. The analyst downgrades GFL Environmental and Cummins but upgrades PACCAR, reflecting a nuanced outlook amid expectations of a tightening cycle and global economic shifts.