Baird downgrades Caterpillar to Underperform

Baird downgrades Caterpillar to Underperform
Credit: © Reuters.

A Baird analyst downgraded Caterpillar (NYSE: CAT) from Neutral to Underperform with a price target of $185.00 from a prior price target of %currency%%price%.

Prior to this rating, Caterpillar had 11 buy ratings, 14 hold ratings, and 4 sell ratings.

For consensus analyst estimates and price targets on Caterpillar, click here. For more news on Caterpillar, click here.

Caterpillar's stock price closed at $217.01. They are up 0% in the last month and down -2.84% in the last 12 months.

According to Investing Pro, Caterpillar's fair value is $237.45, an upside of 9.42%. Caterpillar's fair value comes with a low degree of uncertainty, according to InvestingPro.

Check out Caterpillar's recent earnings performance and financials here.

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