- Caterpillar (CAT +4.4%) leads early Dow gainers following its strong Q2 earnings beat and guidance bump, and Goldman Sachs (NYSE:GS) analyst Jerry Revich thinks the stock has more room to run.
- CAT’s dealer inventories and incentive compensation suggest significant scope for further 2018 EPS upside, Revich says as he reiterates a Buy rating as part of the firm's Conviction Buy List.
- J.P. Morgan's Ann Duignan calls the results a solid beat and raise even as expectations were high coming into the quarter.
- Jefferies analyst Stephen Volkmann says "CAT is in the cycle sweet spot, demonstrating massive leverage as the cycle normalizes and revenues return faster than costs, [but] the question is sustainability, both as comparisons get tougher and as costs begin to trickle back in to the model."
- Also, Jim Cramer says CAT's report was the "most serious beat and raise of the earnings season" and the stock will continue to climb.
- Now read: Caterpillar Inc. 2017 Q2 - Results - Earnings Call Slides
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Caterpillar has scope for further 2018 EPS upside, Goldman analyst says
Published 07/25/2017, 10:25 AM
Caterpillar has scope for further 2018 EPS upside, Goldman analyst says
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