Morgan Stanley analyst Angel Castillo downgraded Caterpillar stock to Sell from Hold, and his price target slipped to $332 from $349.
Caterpillar's stock pulled back from a record on Monday, after an analyst's warning to sell ahead of earnings, citing valuation and signs of growing risks of weakness in the construction business.
Gina Sanchez, Lido Advisors chief market strategist, joins CNBC's 'The Exchange' to discuss these stocks: Goldman Sachs, Caterpillar, D.R. Horton, Best Buy.
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Caterpillar (CAT) closed the most recent trading day at $396.64, moving +0.11% from the previous trading session.
Recently, Zacks.com users have been paying close attention to Caterpillar (CAT). This makes it worthwhile to examine what the stock has in store.
I considered selling several stocks to consolidate my portfolio, but ultimately decided to keep them. Each investment still aligns with my long-term strategy. While not all of them are particularly cheap, they offer strong fundamentals and growth potential, making them worth holding despite their current valuations. I'm sticking to my “never sell” approach for now, focusing on adding to these positions on weakness, as I expect them to outperform the market over time.
Reliable dividend growth is a core quality of these three blue chip companies.
Heavy equipment maker Caterpillar, Inc. (CAT) looks to have managed through a tough period and is poised for future wins.
In the latest trading session, Caterpillar (CAT) closed at $392.39, marking a +0.32% move from the previous day.
Caterpillar is breaking records in sales and profitability metrics.
Caterpillar (CAT) shares rose more than 3% to a record high Thursday as reports of fresh Chinese stimulus efforts drove a wider market rally.