Caterpillar Stock Tumbles as Morgan Stanley Flags Overstock Concerns
Shares of Caterpillar ( CAT, Financial) fell sharply by 1.9% on Monday after Morgan Stanely downgraded it due to concerns over large inventories that will have to be restocked. This is a dramatic reversal from last month's record highs, which were driven by expectations associated with the recently unveiled China's housing market boost.
Morgan Stanley analyst Angel Castillo downgraded the rating on Caterpillar (CAT – Research Report) to a Sell today, setting a price ...
Wall Street ended higher on Monday, with both the S&P 500 and the Dow posting fresh record finishes, as investors bought into technology stocks ahead of a busy week packed with corporate earnings and ...
Overall, the S&P has seen weaker-than-average returns in year three of bull markets, the firm said. The index has averaged a ...
Evercore maintains an Outperform rating on Apple with a $250 price target, citing low expectations and bearish sentiment as ...
JPMorgan analyst Tami Zakaria raised the firm’s price target on Caterpillar to $500 from $435 and keeps an Overweight rating ...
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