Caterpillar shares were indicated lower in pre-market trading Tuesday after the investment bank UBS cut its rating on the industrial equipment maker and cautioned that revenue and earnings forecasts will be pressured in a slowing global economy.
Price Target Changed: Yahoo (YHOO), Caterpillar (CAT), PayPal (PYPL), Nasdaq (NDAQ), Harley-Davidson (HOG) Notable Upgrades: Apple (AAPL), Caterpillar Inc. (CAT), Zillow Group (Z), Monster Beverage (MNST), Cal-Maine Foods (CALM) Notable Earnings: Ericsson (ERIC), Caterpillar (CAT)...
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Also based on CNBC (2012) the forward looking P/E is x 6.7 this means that the share price after one year most probably in March, will be around $67.74 (10.11 x 6.7 = $67.74). This shows a positive trend of Deer in its shareholding business (Finance yahoo, DE 2012).Chart 7: PE...