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A Quick Look at Today's Ratings for Caterpillar(CAT.US), With a Forecast Between $299 to $454

Futu News ·  Oct 31 21:00  · Ratings

On Oct 31, major Wall Street analysts update their ratings for $Caterpillar (CAT.US)$, with price targets ranging from $299 to $454.

Morgan Stanley analyst Angel Castillo maintains with a sell rating, and adjusts the target price from $332 to $330.

Citi analyst Kyle Menges maintains with a buy rating, and adjusts the target price from $445 to $435.

Baird analyst Mircea Dobre maintains with a sell rating, and maintains the target price at $299.

Oppenheimer analyst Kristen Owen maintains with a hold rating.

Truist Financial analyst Jamie Cook maintains with a buy rating, and adjusts the target price from $456 to $454.

Furthermore, according to the comprehensive report, the opinions of $Caterpillar (CAT.US)$'s main analysts recently are as follows:

  • The firm adjusted its expectations for both revenue and margins following Caterpillar's Q3 report, citing escalating concerns regarding inventories, pricing, and margins within the Construction Industries segment. It is anticipated that this segment will face near-term challenges.

  • Caterpillar saw its first year-over-year decline in operating income following the COVID-19 period, according to an analyst's research note. It was noted that the company's pricing momentum is waning, with support to margins from price and cost considerations diminishing quickly after reaching record levels in 2023.

Here are the latest investment ratings and price targets for $Caterpillar (CAT.US)$ from 5 analysts:

StockTodayLatestRating_nn_202194_20241031_en

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

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