Analyst: Caterpillar's Q3 Earnings Setup Looks Constructive, Lowers Price Target
Truist analyst Jamie Cook lowered Caterpillar's (CAT) price target to $1,100 from $1,225 while maintaining a 'Buy' rating, citing a constructive setup heading into the third-quarter earnings report.
Caterpillar Inc. (CAT) shares got a price target cut from Truist, as analyst Jamie Cook lowered the target to $1,100 from $1,225 while keeping a 'Buy' rating. Cook said the setup heading into third-quarter earnings looks constructive, according to TheFly. CAT shares were trading over 1% higher.