Susquehanna Lowers Price Target, Estimates on Caterpillar (CAT)

Susquehanna Lowers Price Target, Estimates on Caterpillar (CAT)

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On Tuesday, analysts at Susquehanna cut the price target and earnings estimates on construction and mining equipment manufacturer Caterpillar Inc. (CAT).

The analysts maintained a “Positive” rating on CAT, but cut its price target from $118 to $109. This new valuation suggests a 26% upside to Monday’s closing price of $86.64.

Caterpillar shares were up 39 cents, or +0.45%, during Tuesday morning trading. The stock is down -19.84% over the past year.

The Bottom Line
Shares of Caterpillar (CAT) have a dividend yield of 2.39% based on Tuesday’s intraday trading price of $87.03 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.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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