Baird raised the firm’s price target on Caterpillar (CAT) to $346 from $300 and keeps an Underperform rating on the shares. The firm noted the company expects lower revenue, margins, and earnings ahead.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CAT:
- Caterpillar price target raised to $430 from $420 at Citi
- Caterpillar price target lowered to $490 from $515 at JPMorgan
- Caterpillar’s Robust Financial Performance Amid Challenges
- American Air flight crashes in D.C., Microsoft reports Q2 beat: Morning Buzz
- Unusually active option classes on open January 30th