Your email has been successfully added to our mailing list.

×
-0.00168768875466333 0.000177651447859391 -0.00177651447859303 0.00026647717178896 0.00373068040504532 -0.000177651447859265 0.00297655000888267 0.00968200390833188
Stock impact report

Caterpillar Stock Cut to Underweight as Construction Slows [TheStreet.com]

Caterpillar, Inc. (CAT) 
Last caterpillar, inc. earnings: 4/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: caterpillar.com/en/investors.html
Company Research Source: TheStreet.com
Caterpillar(CATGet ReportShares of the Deerfield, Ill., company at last check were down 1.6% to $112.23.Analyst Courtney Yakavonis, who also cut her stock-price target to $93 a share from $107, said in a note to clients that "we are gaining conviction in a more protracted U.S. [nonresidential] down cycle driven by declines in commercial, office, amusement/ recreation and lodging construction, as well as state and local [budget] cuts.""Covid-19-related headwinds will likely continue to weigh on global economic growth across CAT's primarily end markets," Yakavonis said.Yakavonis added that "not only do we expect the covid-19 to catalyze a multiyear downturn in the nonresidential cycle beginning in 2020, but we see additional pressures from the decline in [oil and gas] and commodity prices as well as elevated new and used inventory levels.""Though infrastructure stimulus or additional state and local aid could offset this shortfall, we find it unlikely that current proposals can stimulat Show less Read more
Impact Snapshot
Event Time:
CAT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for
CAT alerts

from News Quantified
Opt-in for
CAT alerts

from News Quantified