《大行報告》美銀證券下調Caterpillar(CAT.US)目標價至258美元 評級「買入」
美銀證券發表研報指,Caterpillar(CAT.US)第三季業績表現強勁,每股盈利較市場預測高出20%,但業績發布後該股收市卻下跌6.7%,相信是由於數據顯示公司經營狀況已趨向正常化。
報告指出,Caterpillar在手積壓訂單按季減少8%,符合公司預期週期正常化的表現,隨著宏觀數據走弱,投資者因此紛紛沽貨。
不過雖然宏觀經濟疲弱,但美銀仍然相信Caterpillar明年增長有基礎支持,例如大宗商品價格企穩,以及2023年大型項目開工率可能會接近新高水平,將今年每股盈測上調至20.7美元,2024至2025年則下調至21.5及23.25美元,目標價由297美元降至258美元,重申「買入」評級。
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