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Caterpillar Rises Despite Analyst Downgrades

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Courtesy of Benzinga.

Related CAT
Benzinga's Top Downgrades
Longbow Research Downgrades Caterpillar To Neutral
The Strong Dollar And Earnings Impact The Market (Seeking Alpha)

The market gave Caterpillar Inc. (NYSE: CAT) investors some comfort Wednesday as the stock gained more than 1 percent despite three analyst downgrades.

The positive move in the shares followed a sharp fall on Tuesday when the company failed to meet fourth-quarter expectations.

Longbow Research, Vertical Research and Atlantic Equities all downgraded the stock on Wednesday and the shares have declined nearly 5.5 percent since Monday.

The stock showed strength amid Wednesday's downgrades and recently traded at $80.71, up 1 percent.

Latest Ratings for CAT

Date Firm Action From To
Jan 2015 Atlantic Equities Downgrades Neutral Underweight
Jan 2015 Vertical Research Downgrades Buy Hold
Jan 2015 Longbow Research Downgrades Buy Neutral

View More Analyst Ratings for CAT
View the Latest Analyst Ratings

Posted-In: Atlantic Equities Longbow Research Vertical ResearchDowngrades Intraday Update Analyst Ratings Movers

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