Caterpillar Inc

NYSE:CATUnited States

Caterpillar Raises Record $15.2 Million in United Way Campaign

PR Newswire

IRVING, Texas, Nov. 18, 2024

Funds will help improve the lives of individuals in communities across the United States, Mexico, Canada and Panama

2239 GMT - Catapult's improving margins and better-than-expected cost control keeps Jefferies analysts bullish on the sports-tech provider. They trim their annual revenue forecast by about 1% to US$116 million to reflect a stronger-than-normal skew toward the just-completed fiscal first half, but this is offset by the prospect of a stronger Ebitda margin. They tell clients in a note that Catapult's cost management supports an Ebitda margin forecast of 13% for fiscal 2025, up from 12% previously. They see Catapult's recent deal with England's national rugby body as evidence that it is displacing incumbent providers. Jefferies lifts its target price 38% to A$3.30 and keeps a buy rating on the stock. Shares are at A$2.87 ahead of the open. (stuart.condie@wsj.com)