Caterpillar Defies Trade War Worry With Strong Quarter
We are maintaining our fair value estimate for the wide-moat firm after a strong quarter.
Nick Mokha
Nick Mokha is an equity analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers the heavy equipment sector.
Prior to joining Morningstar in 2017, Mokha spent over three years an investment associate covering the energy and infrastructure sector at American Capital, a global middle-market private equity firm. He began his career as an analyst in the investment banking division at J.P. Morgan, where he helped originate and monitor both high-yield and investment-grade financings for the oil and gas industry.
Mokha holds a bachelor’s degree in business administration with concentrations in finance and accounting from Emory University and is currently pursuing a master’s degree in business administration from the University of Chicago Booth School of Business.
Latest
Tariff Impact on Heavy Equipment Makers Likely Modest
We currently don't expect a material impact to our valuation and think tariffs could even help boost near-term demand.
Industrials: Worldwide Growth Is Resilient, But Valuations Look Full
Despite a general premium to our fair value estimates in the sector, we still see several opportunities for investors.
Ag Business Drives Moat Upgrade for CNH Industrial
The narrow-moat company is well-positioned to maintain its competitive advantages in the agricultural sector over the foreseeable future.
Continued Growth Opportunities for Deere
We view the wide-moat firm as a beneficiary of the several green shoots that have been spurred in the agricultural market as worldwide economic growth continues.