Caterpillar is trading at $814.23 (down 3.2%) following multiple analyst downgrades ahead of its upcoming earnings report.
- Erste Group downgraded the stock to Hold, citing concerns regarding current valuation levels.
- Baird lowered its rating to Neutral and reduced its price target on July 29, adding further pressure to the shares.
- The decline comes as investors react to the shift in analyst sentiment despite a broadly cautious but stable market backdrop.