BofA Securities analyst Michael Feniger maintains $Caterpillar (CAT.US)$ with a buy rating.
According to TipRanks data, the analyst has a success rate of 69.4% and a total average return of 13.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Caterpillar (CAT.US)$'s main analysts recently are as follows:
The firm has revised its estimates for revenue and margins downward, citing emerging concerns regarding inventories, pricing, and margins within CI. It is expected that CI will continue to face challenges in the near-term.
The company has experienced its first year-over-year decline in operating income since the COVID period, which indicates a loss of momentum in pricing. The support to margins from price/cost is diminishing quickly after reaching record levels in 2023.
Note:
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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.
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