Caterpillar is trading 3.2% down at $773.79 on October 13, 2026, as pressure continues after last week’s machinery-sector selloff, linked to an FTC/USDA inquiry into farm-equipment practices and rising Treasury yields.
- Citi cut its price target to $950 from $1,100 while maintaining a Buy rating; investors are weighing the move ahead of earnings.
- The broader market is nearly flat, and no major new Caterpillar announcement directly tied to the move surfaced in the search results.