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Jefferies Slashes Numbers on Caterpillar (CAT) Ahead of Q1

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UPDATE: Macquarie Downgrades Caterpillar (CAT) to Neutral

April 17, 2013 7:21 AM EDT

(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... More