Analysts: Caterpillar’s Machines Trends May Deteriorate and 3 Other Research Notes to Explore

Caterpillar (NYSE:CAT): Wells Fargo says that Caterpillar’s machines trends deteriorated modestly in August and that engines decelerated more sharply, which suggests third quarter revenue is likely to fall in the low double-digit range year-over-year. Wells, which has a Market Perform rating on Caterpillar, says the implied trends seem relatively close to consensus revenue forecasts.