The Zhitong Finance App learned that previously, Morgan Stanley analysts downgraded Caterpillar's (CAT.US) investment rating from “hold and wait” to “reduce holdings,” and lowered Caterpillar's target price from $349 to $332 per share based on a 16-fold unchanged valuation of Caterpillar's 2025 earnings (not 2024 earnings expectations). The stock fell 2.5% before the market on Monday and 2% on Monday.

Zhitongcaijing · 10/15 06:57
The Zhitong Finance App learned that previously, Morgan Stanley analysts downgraded Caterpillar's (CAT.US) investment rating from “hold and wait” to “reduce holdings,” and lowered Caterpillar's target price from $349 to $332 per share based on a 16-fold unchanged valuation of Caterpillar's 2025 earnings (not 2024 earnings expectations). The stock fell 2.5% before the market on Monday and 2% on Monday.