Caterpillar is trading at $748.95, down 3.08%, after Bernstein cut its price target, citing concern that bookings momentum may slow.
- Bernstein lowered its target to $749 from $1,002; data-center construction indicators have flattened, adding pressure amid an ongoing selloff in the shares.
- September core CPI exceeded expectations, reviving concerns about higher interest rates, as the S&P 500 and Nasdaq also fell.