Morgan Stanley’s Angel Castillo cut his rating on the construction- and mining-equipment company’s stock to underweight, after being at equal weight since the beginning of the year. Castillo also cut his share-price target to $332 from $349,

Morgan Stanley analyst Angel Castillo downgraded Caterpillar stock to Sell from Hold, and his price target slipped to $332 from $349.

Fintel reports that on October 14, 2024, Morgan Stanley downgraded their outlook for Caterpillar (NYSE:CAT) from Equal-Weight to Underweight. Analyst Price Forecast Suggests 14.10% Downside As of September 24,

Shares of Caterpillar Inc (NYSE:CAT) fell 2.6% in pre-open trading after Morgan Stanley (NYSE:MS) downgraded the stock to “underweight” from “equal-weight.” This shift in outlook comes amid concerns about potential

Caterpillar’s (NYSE:CAT) shares fell 2.5% in premarket trading Monday after analysts at financial-services firm Morgan Stanley downgraded the maker of heavy equipment to Underweight from a previous investment rating of Equal weight.