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Caterpillar Upgraded to Buy
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Description
FBN's Cheryl Casone breaks down how shares of Caterpillar are trading in today's market.
- Duration 0:39
- Date Apr 16, 2012
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Transcript
This transcript is automatically generated
Fox this -- market check for you right now we're watching shares of Caterpillar equipment maker upgraded to buy from neutral at Bank of America the firm.
A -- a recent pullback in the stock price as -- on attractive entry point.
For strong growth and high yield at a discounted valuation as according to the analyst -- Caterpillar shares.
Nearly flat for the year but still 106 dollars for an -- and remember they paid a dividend CAT is the ticker.
What their sixth consecutive months of gains for the housing market and that's the national association of homebuilders confidence has let.
For the month of April will this be a blip or is this going to -- the start of a slowdown in the spring selling C.
