Citigroup cuts Caterpillar price target to $950 from $1,100
Citigroup maintained its Buy rating on Caterpillar while cutting its price target to $950 per share from $1,100.
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Caterpillar Shares Fall 1.55% to $760.78 in Wednesday Premarket
Caterpillar shares fell 1.55% to $760.78 in Wednesday premarket trading. The move came ahead of its Oct. 28 third-quarter report, with the article also citing recent analyst forecast cuts and regulatory scrutiny.
Citigroup Cuts Caterpillar Price Target to $950 From $1,100
Citigroup lowered its price target on Caterpillar to $950 per share from $1,100.