Citi lowered the firm’s price target on Caterpillar (CAT) to $420 from $460 and keeps a Buy rating on the shares as part of a Q4 earnings preview for the machinery group. The firm made modest downward revisions to Q4 and 2025 estimates for most companies under its coverage, reflecting an increasingly soft near-term sentiment across many machinery end markets.
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Read More on CAT:
- Caterpillar upgraded to In Line from Underperform at Evercore ISI
- Caterpillar, Epam among additions to Jefferies Franchise Picks list
- Caterpillar price target raised to $471 from $454 at Truist
- Dow Jones Industrail Average Slips Despite Fed Interest Rate Cut
- Caterpillar files automatic mixed securities shelf
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