Vetr Top Raters Downgrade Caterpillar To 3-Star stock

Shares of

have lost more than 8 percent since the start of 2016 and more than 22 percent over the past year. Caterpillar's business has been hurt by a weak global macro environment, especially its mining and construction equipment business. In fact, the company recently

it will close 5 plants and slash its workforce by 670 as part of a cost-cutting campaign. Related link:

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It shouldn't come as a surprise to some investors that the Vetr crowd

to 3-stars out of a possible 5-stars. In fact, shares of Caterpillar have fallen to $62.24 since the prior rating of 3.5-stars was issued 11 days ago. Despite a downgrade, 72 percent of the crowd's ratings are bullish. On the other hand, the crowd sourced price target of $60.58 implies a potential downside of around 3 percent.