Caterpillar cut to Sell equivalent at Evercore with earnings risk seen in 2025
Illinois Tool Works ( ITW) also is cut to Underperform with a $255 PT, seen as an excellent operator and margin expansion ...
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Caterpillar downgraded to Underperform from In Line at Evercore ISI
Evercore ISI downgraded Caterpillar (CAT) to Underperform from In Line with a price target of $365, up from $321. The firm adjusted ratings in the machinery sector, saying a Trump win and “Red sweep” ...