Zacks Industry Outlook Highlights: Deere, Caterpillar, CNH Global, AGCO and Toro

 Zacks Industry Outlook Highlights: Deere, Caterpillar, CNH Global, AGCO and
                                     Toro

PR Newswire

CHICAGO, Sept. 28, 2012

CHICAGO, Sept. 28, 2012 /PRNewswire/ --Today, Zacks Equity Research discusses
the U.S. Machinery, including Deere & Company (NYSE:DE), Caterpillar Inc.
(NYSE:CAT), CNH Global NV (NYSE:CNH), AGCO Corporation (NYSE:AGCO) and The
Toro Company (NYSE:TTC).

(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

A synopsis of today's Industry Outlook is presented below. The full article
can be read at 

Link: http://www.zacks.com/stock/news/83741/machinery-stock-outlook-sept-2012

Deere & Company (NYSE:DE) was impressed with its record fiscal third quarter
2012 (ended July 31, 2012) results and fiscal 2012 outlook. Equipment sales
rose 16%; and price realization contributed 5%.

The agricultural and forestry equipment provider is expanding globally to
leverage benefits from the growing global farm industry. Fiscal year 2012
equipment sales are expected to grow 13% year over year, after netting out 3%
unfavorable currency translation impact expected for the year. Net earnings
are anticipated to be approximately $3.1 billion.

Caterpillar Inc. (NYSE:CAT) reported record results in the second quarter
2012. The company's Equipment sales improved 23% year over year. The company
raised its 2012 profit per share expectation from $9.50 to $9.60 on better
demand forecasts.

Italy-based CNH Global NV (NYSE:CNH) posted 3% or 9% (constant currency basis)
year-over-year increase in its equipment sales -- agricultural and
construction -- in the second quarter of 2012. Worldwide agricultural and
construction equipment retail demand in 2012 is expected to be flat to down
5%.

Other top players in the agricultural, construction and mining industry
include: AGCO Corporation (NYSE:AGCO) and The Toro Company (NYSE:TTC), among
others.

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