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Cat Insurance | Citigroup, Inc (NYSE: C) Maintains Hold Rating On Caterpillar (NYSE: CAT) | Cat Insurance | Citigroup, Inc (NYSE: C) Maintains Hold Rating On Caterpillar (N

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Cat Insurance | Citigroup, Inc (NYSE: C) Maintains Hold Rating On Caterpillar (NYSE: CAT) | Cat Insurance | Citigroup, Inc (NYSE: C) Maintains Hold Rating On Caterpillar (N

Posted By: admin on July 26, 2010 at 12:59 am


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Cat Insurance | Citigroup, Inc (NYSE: C) Maintains Hold Rating On Caterpillar (N

Citigroup, Inc (NYSE: C) analysts maintained a hold rating on shares of Caterpillar (NYSE: CAT) with a price target of $78.00.

The analysts wrote, “Margin Performance Has Been Solid…Will Market Share Gains Come at an Expense? We note with interest managements discussion of its ambition to grow market share, as it relates both to broader industry pricing dynamics as well as to CATs strategy to grow its aftermarket business. Average pricing growth in 2H10 is projected to slow from ~2.5% in 1H10 potentially a drag on margins with the longer-term implications for volumes dependent on the response from CATs competitors.”

Caterpillar Inc. (Caterpillar) provides construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. The Company operates primarily through three lines of business: Machinery, Engines and


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