Goldman Sachs is getting worried about the industrial economy:
Goldman Sachs is getting worried about the industrial economy. The broker cut its ratings on several cyclical equipment suppliers—including Caterpillar—Thursday morning.
Analyst Jerry Revich believes rising inventories of trucks and construction machines will lead to production cuts in 2020. That will hurt next year’s earnings for these companies. And higher inventories is another sign the global industrial economy is slowing down. Revich prefers to play defense and thinks investors should instead buy railroad equipment... Subscribe or Sign In to continue reading.
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