This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.

https://www.barrons.com/articles/caterpillar-stock-downgrade-market-e024603e

Caterpillar Downgraded, Stock Falls. Why Wall Street Has Concerns.

By
Al Root
  • Order Reprints
  • Print Article

Wall Street is feeling more cautious about Caterpillar recently. Analysts are starting to worry that a slowing economy means fewer sales and less earnings for the machinery giant.

UBS analyst Steven Fisher downgraded Caterpillar (ticker: CAT) stock to Sell from Hold Friday. He cut his price target to $225 from $230 a share.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.