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News  ›  Benzinga

Analyst Favors Caterpillar Over Deere As Machinery Markets Near Trough Levels

Benzinga Logo Benzinga By Lekha Gupta
Analyst Favors Caterpillar Over Deere As Machinery Markets Near Trough Levels

Bank of America analyst Michael Feniger maintains a Buy rating on Caterpillar, suggesting machinery markets are near a trough level and Caterpillar looks more attractive compared to Deere based on earnings and market outlook.

Insights
RCL   neutral

Mentioned as a client of Lagoon Furniture, with no specific positive or negative context


CAT   positive

Strong Q3 earnings, sales growth of 10% year-over-year, potential recovery in machinery markets, and favorable analyst rating