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bobirw

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bobirw

Re: beachcomber1 post# 683139

Friday, 03/03/2017 9:19:33 AM

Friday, March 03, 2017 9:19:33 AM

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Caterpillar raid creates some new uncertainty, says BofA/Merrill
BofA Merrill Lynch analyst Ross Gilardi expects Caterpillar (CAT) shares to stabilize after yesterday's 4% selloff on the news that law enforcement authorities raided several of its facilities, but also sees the raid as creating some new uncertainty. The analyst, who thinks the raid was likely due to a company specific issue, keeps a Neutral rating on Caterpillar and continues to prefer Deere (DE) and PACCAR (PCAR), on which he has Buy ratings
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