UPDATE: Macquarie Downgrades Caterpillar (CAT) to Neutral

April 17, 2013 7:21 AM EDT
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Price: $94.46 -0.13%

Rating Summary:
    11 Buy, 19 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 1 | Down: 2 | New: 3
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(Updated - April 17, 2013 7:54 AM EDT)

Macquarie downgraded Caterpillar (NYSE: CAT) from Outperform to Neutral with a price target of $88 (from $112).

Analyst Sameer Rathod said he thinks macro assumptions look too optimistic and he thinks tepid growth in China will continue longer than anticipated.

For an analyst ratings summary and ratings history on Caterpillar (NYSE: CAT) click here. For more ratings news on Caterpillar click here.

Shares of Caterpillar closed at $82.61 yesterday.

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