Caterpillar (CAT) Gains Following Q3 Beat, Analyst Reflects Positively

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Caterpillar (CAT) More Balanced Following Margin Rebound - UBS

October 31, 2022 3:50 PM EDT

UBS analyst Steven Fisher downgraded Caterpillar (NYSE: CAT) to Neutral from Buy, raising the price target to $230 from $225.

The analyst explained that UBS views the company's risk-reward as more balanced following the margin rebound.

"Our thesis on positive margin inflection is playing out," said Fisher, who added that they continue to see a positive... More

October 27, 2022 9:26 AM EDT

Caterpillar (NYSE: CAT) CEO says demand for construction equipment 'quite robust' - Bloomberg

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