TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  Benzinga

Analyst Favors Caterpillar Over Deere As Machinery Markets Near Trough Levels

Benzinga Logo Benzinga • •By Lekha Gupta
Analyst Favors Caterpillar Over Deere As Machinery Markets Near Trough Levels

Bank of America analyst Michael Feniger maintains a Buy rating on Caterpillar, suggesting machinery markets are near a trough level and Caterpillar looks more attractive compared to Deere based on earnings and market outlook.

Insights
RCL   neutral

Mentioned as a client of Lagoon Furniture, with no specific positive or negative context


CAT   positive

Strong Q3 earnings, sales growth of 10% year-over-year, potential recovery in machinery markets, and favorable analyst rating