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Deutsche Bank Is Cautious On U.S. Machinery Sector, Sees 'No Recovery In Sight'

Deutsche Bank is cautious on the machinery sector in the United States. Analysts Nicole DeBlase and Saree Boroditsky don't see any recovery in sight in the natural resources segment, although they think the sector has bottomed.

However, the brokerage picked up Caterpillar Inc. (NYSE: CAT) as the topic pick in the sector on the belief that the company could grow its EPS independent of volumes. The analysts expect only a low-single-digit organic uptick until the year 2020 and...