Cat's sales to be hurt by non-res construction slowdown: analyst

(Reuters) - Caterpillar Inc.'s North American machinery sales may be hurt by a likely late-2008 and full-year 2009 downturn in U.S. non-residential construction spending, said Stifel, Nicolaus & Co analyst Barry Bannister, who slashed his price target on the stock to $88 from $107. The ...

Copyright CRAIN - Crain's
Contact Us