Caterpillar recently released its
Fourth-Quarter and Full-Year 2024 report, along with an announcement about its 2024 year-end results from
Cat Financial. Although recording an
earnings beat, the company received a mixed reaction due to missing revenue projections, which resulted in its stock price sliding. Analysts, such as ones from
JPMorgan and
Bank of America, lowered the company's price target. In contrast,
Citi and
UBS raised theirs. Several firms, including
Caprock Group and
Heck Capital Advisors, invested significantly in the company, even as some questioned its cyclical nature. A pessimistic forecast was issued by
Morgan Stanley, and the
Fourth-Quarter earnings sparked discussions on the company's
2025 outlook. Despite negative news, Caterpillar celebrated its Centennial with Limited Edition machines and managed to stay attractive to investors.
Goldman Sachs even suggested the potential for multiple expansion post-earning.
Caterpillar CAT News Analytics from Thu, 25 Apr 2024 07:00:00 GMT to Sat, 01 Feb 2025 19:02:13 GMT -
Rating -6
- Innovation -2
- Information 8
- Rumor 2
