Caterpillar (CAT) PT Cut to $90 at Credit Suisse

Credit Suisse analyst J. Cook lowered estimates and his price target on Caterpillar (NYSE: CAT) to $90.00 (from $100.00) but maintained an Outperform rating.

The firm cut FY'15-16 EPS to $4.75 and $6.00 from $6.90 and $7.35 respectively and introduce FY'17 at $6.65.

For an analyst ratings summary and ratings history on Caterpillar click here. For more ratings news on Caterpillar click here.

Shares of Caterpillar closed at $79.85 yesterday.

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