On Oct 31, major Wall Street analysts update their ratings for $Caterpillar (CAT.US)$, with price targets ranging from $299 to $454.
Morgan Stanley analyst Angel Castillo maintains with a sell rating, and adjusts the target price from $332 to $330.
Citi analyst Kyle Menges maintains with a buy rating, and adjusts the target price from $445 to $435.
Baird analyst Mircea Dobre maintains with a sell rating, and maintains the target price at $299.
Oppenheimer analyst Kristen Owen maintains with a hold rating.
Truist Financial analyst Jamie Cook maintains with a buy rating, and adjusts the target price from $456 to $454.
Furthermore, according to the comprehensive report, the opinions of $Caterpillar (CAT.US)$'s main analysts recently are as follows:
The firm adjusted its expectations for both revenue and margins following Caterpillar's Q3 report, citing escalating concerns regarding inventories, pricing, and margins within the Construction Industries segment. It is anticipated that this segment will face near-term challenges.
Caterpillar saw its first year-over-year decline in operating income following the COVID-19 period, according to an analyst's research note. It was noted that the company's pricing momentum is waning, with support to margins from price and cost considerations diminishing quickly after reaching record levels in 2023.
Here are the latest investment ratings and price targets for $Caterpillar (CAT.US)$ from 5 analysts:
Note:
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