1105 GMT - Construction-equipment dealers are now focusing on tariffs and other political uncertainties, a stark change from a quarter ago when the change in administration caused an initial wave of optimism, D.A. Davidson's Michael Shlisky and Linda Umwali say in a research note. The analysts note that check-ins with about 20 dealers give them the sense that heavy-equipment retail sales underperformed expectations in 1Q and that the downside will continue into 2Q. Caterpillar is the most exposed to these trends, while Deere, CNH Industrial and Toro are all significantly less exposed, the analysts say. "With tariff questions potentially out of the way following yesterday's announcements, perhaps some (though not all) of this uncertainty will subside." (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
April 03, 2025 07:05 ET (11:05 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.