Caterpillar Stock Slips on Evercore ISI Downgrade
Caterpillar(CAT) Schaeffers Research·2024-02-20 23:57
Evercore ISI downgraded the machinery sector this morning, including blue-chip giant Caterpillar Inc (NYSE:CAT), which it cut to "in line" from "outperform." The firm cited the stocks' high valuation after a period of outperformance over the past two years, and raised CAT's price target to 321. At last glance, Caterpillar stock was down 1.9% at 334.87, and is starting the week fresh off four-straight weekly gains. Since last February, ...