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Japan imported 30.85 million barrels of Saudi crude oil in February, accounting for 45.8% of its total oil imports of 67.3 million barrels, with Arab countries supplying 97.3% of the total. The UAE, Kuwait, Qatar, and Oman were key contributors, while imports from Iran and Russia remained banned.In a separate political development, Japanese Communist Party lawmaker Daimon Mikishi urged the government to direct the Government Pension Investment Fund to cease investments in Israeli military-related companies, citing humanitarian concerns amid ongoing conflicts. Welfare Minister Fukuoka Takamaro stated that investment decisions are made by GPIF's commissioned companies, emphasizing the fund's purpose to benefit the insured.
Stocks are experiencing significant midday movements, with notable changes observed in Palantir, Caterpillar, Apple, and JPMorgan Chase. Investors are closely monitoring these companies as market dynamics shift.
Stocks in the US and Asia plummeted as new tariffs imposed by Trump raised concerns over economic risk. Companies heavily reliant on Vietnamese goods, such as Nike, Gap, and Lululemon, saw declines of at least 7%, while Apple dropped nearly 7% due to its dependence on China. Chipmakers like Nvidia and AMD, along with multinationals Caterpillar and Boeing, also experienced significant losses.
UBS has adjusted its expectations for Caterpillar Inc., deeming the company's risk/reward ratio balanced. As the leading manufacturer of construction and mining equipment, Caterpillar generates 94.2% of its sales from machinery and engines, with a significant presence in North America (51.6%).
Caterpillar Inc. is the leading global manufacturer of mining, construction, and operation equipment, as well as diesel and natural gas engines and industrial gas turbines. The company's net sales are primarily derived from machinery and motors (94.5%), with financial services contributing 5.2% and other activities at 0.6%. Geographically, sales are distributed as follows: North America (51.6%), Europe/Africa/Middle East (20.4%), Asia/Pacific (18.1%), and Latin America (9.9%).
UBS has upgraded Caterpillar shares from Sell to Neutral, citing a reset in investor expectations after two consecutive quarterly EBIT misses. The firm lowered its 2025 EPS estimate to $19.95 and raised the price target to $385, noting balanced risk/reward with potential for double-digit EPS growth in 2026. Despite the upgrade, UBS highlighted risks such as pricing deterioration and declining oil and gas sales, though it sees offsetting factors in improving construction markets.
Caterpillar insiders sold 30,236 shares valued at over $12 million in the last three months, while institutional investors hold 70.98% of the stock. UBS upgraded the stock rating to "neutral" with a price target of $385, while other analysts have mixed ratings, with an average target of $382.13. The company reported $5.14 EPS, exceeding estimates, and anticipates 21.45 EPS for the fiscal year.
UBS analyst Steven Fisher has upgraded Caterpillar (NYSE: CAT) from Sell to Neutral, raising the price target from $355.00 to $385.00. This change reflects a more favorable outlook for the company in the current market environment.
Caterpillar reported a steady adjusted operating profit margin of 20% and an adjusted profit per share of $5.17, despite a 4% year-over-year decline in Q3 sales to $16.1 billion. The company announced a multiyear capital investment to boost its large reciprocating engine capacity by over 125% and noted a backlog increase to $28.7 billion, reflecting healthy demand. Analysts have mixed views, with UBS maintaining a Sell rating and projecting a challenging first half of 2025, while Evercore ISI downgraded the stock to Underperform, citing earnings risks.
UBS analyst Steven Fisher has raised the price target for Caterpillar (CAT) to $355. This adjustment reflects the firm's updated outlook on the company's performance in the market. The news was reported on January 28, 2025.
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Japan's February oil imports heavily reliant on Saudi and UAE supplies
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05:40 05.04.2025
stocks making significant midday moves including palantir caterpillar and apple
19:22 04.04.2025
stocks tumble as new tariffs impact major companies and sectors
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03:42 03.04.2025
ubs adjusts outlook on caterpillar citing balanced risk reward ratio
17:48 03.02.2025
caterpillar faces risk reward challenges amid lowered market expectations
17:43 03.02.2025
ubs upgrades caterpillar stock to neutral amid lowered investor expectations
15:01 03.02.2025
caterpillar stock sees insider sales and mixed analyst ratings
13:27 03.02.2025
ubs upgrades caterpillar to neutral with new price target of 385
07:10 03.02.2025
Caterpillar faces challenges ahead despite steady profit margins and strong demand
16:43 28.01.2025
ubs raises caterpillar price target to 355 dollars
15:57 28.01.2025
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