Caterpillar (CAT) Mentioned Negatively at Macquarie, Expects Recent Strength to Fade
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Price: $816.15 -2.94%
Rating Summary:
23 Buy, 21 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 24
Rating Summary:
23 Buy, 21 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 24
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Macquarie analyst Sameer Rathod maintains Underperform on Caterpillar (NYSE: CAT) price target of $130.00.
The analyst remains negative noting recent data from US census shows new construction order fell 6% YoY which suggests the recent strength in CAT's US business is likely to fade according to a morning research note.
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 $154.00 yesterday.
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