The slowdown in the market of raw materials occur everywhere. Industry rose. Few of the companies are now unable to earn more than the industrial giants - Caterpillar - Materials AMarkets.
At the start of this week, Goldman Sachs analysts downgraded the outlook on the "caterpillar" shares. More specifically, the analysts changed their recommendation from "neutral" to "sell."Aim for 12 months - $ 51. In the longer term, analysts expect that the paper will fall by 61%. Do not weak, as they say. And all this, of course, because the falling prices of raw materials. So drop the demand for equipment. On the chart - the dynamics of crushing CAT shares in the previous cycle of deflation in the market of raw materials. Goldman believes that the scenario implemented in the past (1980's - early 90's) could easily happen again.
Caterpillar shares fell nearly 30% in the last 12 months.