Top Analyst Lowers Price Target on Caterpillar (CAT)
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Price: $91.63 -0.11%
Rating Summary:
11 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
11 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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This morning, UBS lowered its price target on construction and mining equipment maker Caterpillar Inc. (NYSE: CAT) from $57 to $53 per share. The firm is maintaining their Sell rating. Shares of Caterpillar currently trade in the $65 range.
The UBS analyst, Henry Kirn, is ranked the top analyst according to Bloomberg's analyst ranking system, with a total return on 22% (in this case he was right about a drop in the shares).
Shares of Caterpillar are up 1% today, but down 10% year-to-date.
Caterpillar, Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide.
The UBS analyst, Henry Kirn, is ranked the top analyst according to Bloomberg's analyst ranking system, with a total return on 22% (in this case he was right about a drop in the shares).
Shares of Caterpillar are up 1% today, but down 10% year-to-date.
Caterpillar, Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide.
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