Following Cat's fourth-quarter results, in line with our forecast, our fair value estimate remains $94.
Research and Markets: Concise Analysis of the International Heavy Construction Equipment Market - Forecasts to 2018
CNH is plowing ahead, but we have some lingering concerns.
There are many different types of emerging-markets bonds.
Although ag machinery manufacturers may reap weaker 2014 results, we think Deere's narrow moat is intact.
After several strong years of U.S. and Canadian machinery purchases, growth rates look to slow.
The sector is still largely cyclical, but companies with moats will be in the best position to take advantage of long-term secular trends.