Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
29 September 2022 | Other

Caterpillar: demand exceeds supply

Caterpillar Inc

Citi affirmed a Neutral rating on Caterpillar stock in a note Wednesday. However, the bank lowered its target price on the stock to $180 a share from $195.

The bank said it received feedback after meeting with executives from several CAT dealer groups in North America indicating that demand exceeds supply at this point.

Citi writes that despite continued supply problems, the feedback on demand has been generally positive. The bank believes that competition in North America will intensify as foreign supply is attracted by a strong U.S. dollar and a relatively steady demand picture. Citi says its view of 2023 as the most likely peak year for CAT earnings is supported by dealer views, plus, such a cycle is proving to be unique in many ways.

Company MarketCheese

Recommended

United States. Atlanta Fed GDPNow. The value of the indicator has increased from 2.2% to 2.3%
Yesterday at 3:46 PM
United States. Natural Gas Storage. The value of the indicator has decreased from 107B to 104B
Yesterday at 2:30 PM
United States. OPEC Crude oil Production UAE (Barrel). The value of the indicator remained at the same level of 2.91M
Yesterday at 1:16 PM
United States. OPEC Crude oil Production Saudi Arabia (Barrel). The value of the indicator has increased from 8.96M to 8.97M
Yesterday at 1:16 PM
United Kingdom. BoE Interest Rate Decision. The value of the indicator has decreased from 4.5% to 4.25%
Yesterday at 11:02 AM
Top news
United Kingdom. BoE Interest Rate Decision. The value of the indicator has decreased from 4.5% to 4.25%
Yesterday at 11:02 AM
United States. Fed Interest Rate Decision. The value of the indicator remained at the same level of 4.5%
7 May
Morgan Stanley analyst suggest several conditions needed for US stocks to continue rising
7 May
Reuters: global oil exports slow amid trade tensions
7 May
China continues to boost gold reserves in face of trade disputes
7 May
All news

Forecasts

AUDCAD buy
Period: 14.05.2025 Expectation: 1650 pips
Technical and fundamental background supports AUDCAD
Wave analysis Indicators and reports FA Other Indicators
07 May 2025 63
Elena_Dorokhina
Elena_Dorokhina
Listed among the best MarketCheese authors
1st in the segment "Currencies"
EURUSD sell
Period: 08.05.2025 Expectation: 550 pips
EURUSD to drop to 1.13000
Technical analysis Chart analysis Indicators Fundamental analysis
07 May 2025 50
Jason_O_Brien
Brent buy
Period: 13.05.2025 Expectation: 240 pips
Brent crude price rebound to continue up to 65
Hot news Chart analysis Indicators
07 May 2025 52
John_Bullard
GBPUSD buy
Period: 14.05.2025 Expectation: 1000 pips
Buying GBPUSD amid trade talks and weaker dollar with target at 1.344
Technical analysis FA Other TA Other Indicators Fundamental analysis
07 May 2025 31
Elizabeth_Kuzmicheva
USDJPY sell
Period: 12.05.2025 Expectation: 1500 pips
USDJPY rebound fades ahead of Fed meeting
FA Other Hot news Chart analysis
06 May 2025 66
AntonVolkov
Natural gas buy
Period: 30.05.2025 Expectation: 975 pips
Natural gas maintains upside potential within megaphone pattern
FA Other Chart analysis Indicators
06 May 2025 67
Alexandra_White
Go to forecasts