Caterpillar Stock Drops After Baird Downgrade
Caterpillar Inc (NYSE:CAT) shares are retreating Wednesday after Baird stripped the heavy equipment maker of its bullish rating and delivered an aggressive price target reduction.
An expert who studies stocks changed their mind about Caterpillar and said it might not do as well as they thought before. When experts change their opinions like this, it can make people more careful about the company, so it's worth paying attention to what changed their mind.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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