Investing

Caterpillar, Deere, Peloton, CVS & more

0


 Getty Images North America

Here are the biggest calls on Wall Street on Thursday:

Wells Fargo downgraded Caterpillar and Deere to ‘market perform’ from ‘outperform’

Wells Fargo said in conversations with contacts the firm sees a “weakening” demand for new equipment, and “shrinking” manufacturer lead times.

“On a relatively lackluster Q3 19 construction dealer channel check feedback, we are downgrading CAT and DE to Market Perform from Outperform. This is mainly due to our perception that (1) US construction equipment demand is at or near peak and likely will decline during 2020 due to flattening activity and a shift to equipment rental from purchase and (2) other businesses within each…



Source cnbc.com

Warren Buffett, Carl Icahn, George W. Bush on T. Boone Pickens

Previous article

Gap Inc. has plans to grow Athleta, Janie and Jack businesses overseas

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Investing