Caterpillar price target lowered due to sector challenges, potential "lose-lose" situation

From Yahoo Finance: 2025-04-22 10:55:00

BofA lowered Caterpillar’s price target to $335 from $414 due to challenges in the Machinery, E&C, and Waste sector. The firm warns of a potential “lose-lose” situation for companies facing uncertainty around earnings guidance. BofA is shifting focus towards services like aggregates, rentals, and waste over original equipment manufacturers.

Read more: Caterpillar price target lowered to $335 from $414 at BofA