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Goldman Remains Cautious On Construction Machinery Names

2015-12-07 22:43:21| Industrial Machines - Topix.net

The analyst downgraded shares of KBR, Inc. to Sell and turned incrementally bearish on Caterpillar Inc. and Joy Global Inc. . Revich highlighted two ongoing concerns that can plague the sector: 1) an extended commodity deflation cycle, and 2) an ongoing multi-year capex reduction that diminishes the demand for heavy machinery.

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