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Business

Akanksha Bakshi

Deutsche Bank, Credit Suisse Cut Caterpillar Price Target

CAT Caterpillar Credit Suisse Deutsche Bank Caterpillar Inc Jamie Cook NYSE Union Pacific

Deutsche Bank analyst Nicole Deblase lowered Caterpillar Inc's (NYSE:CAT) price target to $242 from $245 and maintained a Buy rating on the shares.
Deblase mentions that the stock sold off post earnings on lower forward earnings estimates.
Related: Caterpillar Clocks 23% Revenue Growth In Q4, Beats Analyst Expectations.
Credit Suisse analyst Jamie Cook lowered the price target to $255 (an upside of 27.7%) from $275 and maintained an Outperform rating on the shares.
Also Read: Union Pacific To Buy Battery-Electric Locomotives From Caterpillar, Wabtec
Price Action: CAT shares traded lower by 0.80% at $199.56 on the last check Monday.

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