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Caterpillar stock falls after raising 2025 tariff impact estimate

Thu, 28 Aug 2025 16:53:58 -0400

Investing.com -- Caterpillar Inc. (NYSE:CAT) stock fell 3% in after-hours trading Thursday after the heavy equipment manufacturer raised its estimate for the impact of tariffs on its 2025 financial results.

In an SEC filing, the company disclosed that it now expects the net impact from incremental tariffs introduced in 2025 to be approximately $500 million to $600 million for the third quarter and approximately $1.5 to $1.8 billion for the full year 2025. This update follows several additional clarifications and tariffs announced since Caterpillar released its second quarter earnings on August 5.

Despite the increased tariff burden, Caterpillar stated that its sales

Caterpillar stock falls after raising 2025 tariff impact estimate

Thu, 28 Aug 2025 16:53:58 -0400

Despite the increased tariff burden, Caterpillar stated that its sales

Caterpillar stock falls after raising 2025 tariff impact estimate

Thu, 28 Aug 2025 16:53:58 -0400

Despite the increased tariff burden, Caterpillar stated that its sales

Caterpillar stock falls after raising 2025 tariff impact estimate

Thu, 28 Aug 2025 16:53:58 -0400

Despite the increased tariff burden, Caterpillar stated that its sales

Caterpillar shares are 'priced for perfection', says MS as it downgrades stock

Thu, 07 Aug 2025 09:56:30 -0400

Investing.com -- Caterpillar shares are “priced for perfection,” according to Morgan Stanley, which downgraded the stock to Underweight from Equal-weight saying there are signs of eroding profitability and growing downside risks, which stock rally hasn’t baked in yet.

The stock has rallied more than 50% since April, even after a Q2 miss and a mixed full-year outlook that showed strong sales but thinner margins.

“We believe the negatives point to a steady deterioration in the fundamentals and skew the risk to the downside,” analysts at Morgan Stanley said.

Its $350 price target implies limited upside from current

Caterpillar shares are 'priced for perfection', says MS as it downgrades stock

Thu, 07 Aug 2025 09:56:30 -0400

Caterpillar's E&T segment is likely a core driver to the next EPS cycle: BofA

Tue, 17 Jun 2025 14:03:45 -0400

Investing.com -- Bank of America analysts say Caterpillar’s Energy&Transportation (E&T) division is set to become the company’s key growth engine, citing strong multi-year tailwinds from data centers, power generation, and gas pipelines.

In a new note, BofA reiterated its Buy rating on Caterpillar (NYSE:CAT) with a price target of $385 a share, calling the E&T segment—roughly 40% of CAT’s sales—“the least understood yet... the likely core driver to the next EPS cycle.”

According to the analysts, “E&T growth is outpacing core CAT,” and could add “incremental $3-3.50 of EPS power” as new infrastructure trends take

Caterpillar's E&T segment is likely a core driver to the next EPS cycle: BofA

Tue, 17 Jun 2025 14:03:45 -0400

According to the analysts, “E&T growth is outpacing core CAT,” and could add “incremental $3-3.50 of EPS power” as new infrastructure trends take

Caterpillar's E&T segment is likely a core driver to the next EPS cycle: BofA

Tue, 17 Jun 2025 14:03:45 -0400

According to the analysts, “E&T growth is outpacing core CAT,” and could add “incremental $3-3.50 of EPS power” as new infrastructure trends take

Caterpillar's E&T segment is likely a core driver to the next EPS cycle: BofA

Tue, 17 Jun 2025 14:03:45 -0400

According to the analysts, “E&T growth is outpacing core CAT,” and could add “incremental $3-3.50 of EPS power” as new infrastructure trends take

UBS upgrades Caterpillar as trade risks ease, but macro uncertainty remains

Fri, 16 May 2025 08:51:51 -0400

Investing.com -- UBS upgraded Caterpillar (NYSE:CAT) to Neutral from Sell in a note Friday, raising its price target for the stock to $357 from $272 a share.

The bank highlighted a more contained downside scenario for the stock after recent progress in U.S.-China trade talks, though analysts warned the company is “not out of the macro woods.”

“We no longer see the same extent of downside risk to earnings and multiples,” UBS said, noting that earlier projections of a 20-40% year-over-year earnings decline in 2025 have been revised to 15-20%.

The shift follows what

UBS upgrades Caterpillar as trade risks ease, but macro uncertainty remains

Fri, 16 May 2025 08:51:51 -0400

Investing.com -- UBS upgraded Caterpillar (NYSE:CAT) to Neutral from Sell in a note Friday, raising its price target for the stock to $357 from $272 a share.

The bank highlighted a more contained downside scenario for the stock after recent progress in U.S.-China trade talks, though analysts warned the company is “not out of the macro woods.”

The shift follows what

UBS upgrades Caterpillar as trade risks ease, but macro uncertainty remains

Fri, 16 May 2025 08:51:51 -0400

Investing.com -- UBS upgraded Caterpillar (NYSE:CAT) to Neutral from Sell in a note Friday, raising its price target for the stock to $357 from $272 a share.

The bank highlighted a more contained downside scenario for the stock after recent progress in U.S.-China trade talks, though analysts warned the company is “not out of the macro woods.”

The shift follows what

UBS upgrades Caterpillar as trade risks ease, but macro uncertainty remains

Fri, 16 May 2025 08:51:51 -0400

Investing.com -- UBS upgraded Caterpillar (NYSE:CAT) to Neutral from Sell in a note Friday, raising its price target for the stock to $357 from $272 a share.

The bank highlighted a more contained downside scenario for the stock after recent progress in U.S.-China trade talks, though analysts warned the company is “not out of the macro woods.”

The shift follows what

Caterpillar raised at Baird as ’fundamentals stabilizing’

Tue, 13 May 2025 10:44:53 -0400

Investing.com -- Baird upgraded Caterpillar (NYSE:CAT) to Outperform with a $395 price target on Tuesday, pointing to improving fundamentals, easing trade tensions, and signs of a potential earnings recovery beginning in late 2025.

“[The] fundamental setup for CAT is improving as 2025 is likely to mark a near-term EPS trough,” Baird analysts wrote, noting that despite an expected 18% earnings decline this year, conditions are emerging for a rebound in 2026 and beyond.

Baird highlighted that CAT’s first-quarter results showed “much better-than-expected orders/backlog” and a stabilization in dealer retail sales.

They added that order

Caterpillar raised at Baird as ’fundamentals stabilizing’

Tue, 13 May 2025 10:44:53 -0400

Baird highlighted that CAT’s first-quarter results showed “much better-than-expected orders/backlog” and a stabilization in dealer retail sales.

They added that order

Caterpillar (CAT) Caterpillar raised at Baird as negative catalysts now baked into expectations

Thu, 01 May 2025 10:16:12 -0400

Investing.com -- Baird upgraded Caterpillar (NYSE:CAT) to Neutral from Underperform on Thursday, raising its price target for the stock to $309 from $300 a share.

The firm cited key bearish drivers for the stock have now been largely priced in. The firm noted that earlier concerns over dealer destocking, margin compression, and segment mix have materialized, and investor expectations now reflect those risks.

“The fundamental catalysts warranting a negative view...are at this point baked into fundamentals and expectations,” Baird analysts wrote.

The firm had previously argued that a needed channel destock, unsustainable pricing-driven

Caterpillar (CAT) Caterpillar raised at Baird as negative catalysts now baked into expectations

Thu, 01 May 2025 10:16:12 -0400

Investing.com -- Baird upgraded Caterpillar (NYSE:CAT) to Neutral from Underperform on Thursday, raising its price target for the stock to $309 from $300 a share.

“The fundamental catalysts warranting a negative view...are at this point baked into fundamentals and expectations,” Baird analysts wrote.

The firm had previously argued that a needed channel destock, unsustainable pricing-driven

Wall Street sees strategic continuity as Caterpillar names Creed CEO

Tue, 15 Apr 2025 10:48:27 -0400

Investing.com -- Caterpillar’s appointment of insider Joe Creed as its next chief executive, was dubbed a “well-telegraphed transition” by Wall Street that ensures strategic continuity at a pivotal time for the construction and machinery giant.

Creed, chief operating officer, will succeed longtime CEO Jim Umpleby on May 1.

Umpleby, who led Caterpillar (NYSE:CAT) through a multiyear operational turnaround, will become executive chairman.

Barclays said the internal promotion brings “no surprises” and reflects a succession process that’s been “quasi investor-facing for several years.”

Brokerage noted Creed’s strong background in both engineering and finance, two areas investors

Wall Street sees strategic continuity as Caterpillar names Creed CEO

Tue, 15 Apr 2025 10:48:27 -0400

Creed, chief operating officer, will succeed longtime CEO Jim Umpleby on May 1.

Umpleby, who led Caterpillar (NYSE:CAT) through a multiyear operational turnaround, will become executive chairman.

UBS downgrades Caterpillar as tariff and macro woes to drag earnings down

Mon, 07 Apr 2025 10:47:23 -0400

Investing.com -- UBS downgraded Caterpillar Inc (NYSE:CAT) to Sell from Buy and slashed its price target to $243 from $385, warning that macroeconomic risks linked to tariffs and weakening global demand are not yet fully reflected in the stock.

Caterpillar, often viewed as a bellwether for the broader industrial economy, is vulnerable to a slowdown in key end markets such as construction, oil&gas, and mining. These sectors could weaken further as uncertainty mounts over U.S. trade policy and global growth prospects dim.

The brokerage said it expects further earnings downside as second-order impacts from tariffs and

UBS downgrades Caterpillar as tariff and macro woes to drag earnings down

Mon, 07 Apr 2025 10:47:23 -0400

The brokerage said it expects further earnings downside as second-order impacts from tariffs and

UBS upgrades Caterpillar stock to Neutral on lowered investor expectations

Mon, 03 Feb 2025 09:02:26 -0400

Investing.com -- UBS has upgraded Caterpillar (NYSE:CAT) shares from Sell to Neutral, highlighting a reset in investor expectations following two consecutive quarterly EBIT misses.

“After two consecutive quarterly EBIT misses, expectations for CAT have reset lower. With a reasonable initial 2025 outlook, we believe risk/reward is now balanced,” UBS analysts spearheaded by Steven Fisher said in a note.

Caterpillar’s Q4 results were disappointing, with sales, margins, and segment profits coming in below expectations across all three segments. Dealer sales to end users remained negative, and inventory reductions were steeper than the company had anticipated.

UBS noted that pricing

UBS upgrades Caterpillar stock to Neutral on lowered investor expectations

Mon, 03 Feb 2025 09:02:26 -0400

Investing.com -- UBS has upgraded Caterpillar (NYSE:CAT) shares from Sell to Neutral, highlighting a reset in investor expectations following two consecutive quarterly EBIT misses.

UBS noted that pricing

UBS upgrades Caterpillar stock to Neutral on lowered investor expectations

Mon, 03 Feb 2025 09:02:26 -0400

Investing.com -- UBS has upgraded Caterpillar (NYSE:CAT) shares from Sell to Neutral, highlighting a reset in investor expectations following two consecutive quarterly EBIT misses.

UBS noted that pricing