Credit Suisse Cuts Price Target, Estimates on Caterpillar; Maintains “Outperform” Rating (CAT)
Following a recent dealer survey, analysts at Credit Suisse reduced the price target and earnings estimates on construction and mining equipment maker Caterpillar Inc. (CAT).
The analysts maintain an “Outperform” rating on CAT, but now see its shares reaching $110. This new target suggests a 28% upside to Thursday’s closing price of $85.70.
Caterpillar shares were down 66 cents, or 0.77%, during morning trading on Friday. The stock is down -5.08% year-to-date.
The Bottom Line
Shares of Caterpillar (CAT) have a dividend yield of 2.43% based on last night’s closing price of $85.70 and the company’s annualized dividend payout of $2.08 per share.
Caterpillar Inc. (CAT) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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