Wednesday October 21, 04:31 PM
STOCKS NEWS US-Goldman Sachs upgrades Caterpillar to "neutral"
Stocks on the move
Real (Frankfurt: BJU.F - news) -time Equity news
U.S. stock market report
1100 ET 21Oct2009-Goldman Sachs (NYSE: GS - news) upgrades Caterpillar (NYSE: CAT - news) to 'neutral' ------------------------------------------------------------------------------
Goldman Sachs on Wednesday upgraded Caterpillar Inc to 'neutral' from 'sell,' a day after the company reported quarterly results that surged past expectations.
The firm also raised its price target on the maker of construction equipment by $16 to $64.
At the same time, Stifel Nicolaus downgraded Caterpillar to 'sell,' seeing little operating leverage at the Dow component.
For details, see
Caterpillar shares edged 0.2 percent lower to $59.52.
|
|
|
Send Article by Email
Send Article by IM
Blog This with Y! 360
Printable View
