JPMorgan Downgrades Caterpillar (CAT) to Neutral
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Price: $827.90 +1.53%
Rating Summary:
23 Buy, 21 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
23 Buy, 21 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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JPMorgan downgraded Caterpillar (NYSE: CAT) from Overweight to Neutral with a price target of $90.00 (from $109.00).
The firm said CAT doesn't have the balance sheet to support share repurchases that would boost EPS. Lowers FY12 EPS from $10.92 to $9.
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 $84.95 yesterday.
The firm said CAT doesn't have the balance sheet to support share repurchases that would boost EPS. Lowers FY12 EPS from $10.92 to $9.
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 $84.95 yesterday.
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