🔴 Caterpillar is trading 4% down today following multiple analyst downgrades ahead of earnings

Caterpillar is trading 4% down at $807.24 in pre-market following downgrades by Erste Group and Baird.

• Erste Group downgraded the stock from Buy to Hold on July 27/28, citing valuation concerns.
• Baird also downgraded Caterpillar to Neutral from Outperform on July 29, lowering its price target due to regulatory headwinds facing data center construction.
• The company is set to release its Q2 2026 financial results on August 4.