CAT ' s ' fair value ' at $98 (Morningstar)

CAT's 'fair value' at $98 

According to New Stock Analyst Report from Morningstar 

Caterpillar's CAT first-quarter results reflected continued top- and bottom-line challenges because of reduced dealer demand, efforts to trim inventory levels, and further mining weakness. While management's lowered full-year outlook is a bit below our recently revised revenue and profit projections, a reduced capital spending budget and continued inventory reduction help to mitigate this effect on our valuation. As such, we plan to maintain our $98 fair value estimate.

 

Note: CAT is a "wide moat" company, which means that its market-leading business would be hard to challenge. 

 

CAT is in Market Shadows' Virtual Value  and Put Selling Portfolios.