Why Caterpillar Stock Is Down Today
Caterpillar(CAT) The Motley Fool·2024-02-20 19:37One Wall Street analyst is calling the top on heavy equipment makers, and investors are heeding the call. Shares of Caterpillar (CAT -2.22%) traded down about 3% on Tuesday afternoon after the stock was downgraded to in line from outperform.Souring on the sector after a nice run higherCaterpillar makes big, expensive machines used in construction, infrastructure development, and mining. Its products are ubiquitous and essential to the global economy, but sales tend to surge and fall along with current econo ...