Caterpillar (NYSE: CAT) is facing a larger-than-expected impact from current tariffs, with the company revising its forecast to a hit of $1.5 billion to $1.8 billion this year. This led to a nearly 4% drop in its stock price on Friday, contrasting with the S&P 500’s 0.6% slip. Analysts have adjusted their price targets for Caterpillar, with Baird setting it at $495 per share and Oppenheimer at $480 per share, both maintaining an outperform rating. The company will provide more updates in its Q3 earnings report and conference call on Oct. 29.

Read more at “Nasdaq”: Why Caterpillar Stock Slumped by Nearly 4% on Friday