Caterpillar Downgraded by Bank of America to Underperform [TheStreet.com]
Caterpillar, Inc. (CAT)
Last caterpillar, inc. earnings: 4/28 06:30 am
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US:NYSE Investor Relations:
caterpillar.com/en/investors.html
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Source: TheStreet.com
Citing signals of a severe capital-spending downturn in energy and mining, a Bank of America analyst Monday downgraded Caterpillar to underperform from neutral with a $115 price target.Shares of world’s largest construction-equipment producer at last check were down 7.6% to $115.57."The traditional playbook has been to buy CAT in the depths of recession as central banks inject massive monetary and fiscal stimulus to guide a global recovery," Analyst Ross Gilardi said in a note to clients."We don’t subscribe to this theory this time. Energy and mining stocks are signaling another severe capital-spending downturn in two of CAT’s most important end markets that are as much structural as cyclical."The analyst added that "we are not holding our breath for a federal infrastructure bill," noting a March 31 tweet by President Donald Trump floating the idea of a $2 trillion infrastructure bill as the next stage of fiscal stimulus in response to the coronavirus outbreak.While Caterpillar derive
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CAT
News
- Caterpillar Raises $15.2 Million for United Way, Named a 2025 Leading Corporate Partner [Yahoo! Finance]Yahoo! Finance
- Caterpillar Raises $15.2 Million for United Way, Named a 2025 Leading Corporate PartnerPR Newswire
- Caterpillar (NYSE:CAT) had its "buy (b)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Caterpillar (NYSE:CAT) had its price target raised by analysts at Evercore ISI from $476.00 to $630.00. They now have an "outperform" rating on the stock.MarketBeat
- Caterpillar (NYSE:CAT) had its price target raised by analysts at Argus from $460.00 to $625.00. They now have a "buy" rating on the stock.MarketBeat
CAT
Earnings
- 10/29/25 - Beat
CAT
Sec Filings
- 12/2/25 - Form 4
- 12/2/25 - Form 4
- 12/1/25 - Form 144
- CAT's page on the SEC website