17.03.2016 - Caterpillar downgraded the outlook on sales

Manufacturer of construction machinery and heavy equipment Caterpillar warned about the drop in sales in the first quarter of this year, which, according to company’s estimates will amount to 9.3-9.4 billion US dollars, which is significantly lower than the average forecast of 10.4 billion dollars. Improving the situation on the commodity markets is positive for the stock price, but this tendency may change. We forecast a drop in the share price in the near future by 7-10%.

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