Deutsche Bank, Credit Suisse Cut Caterpillar Price Target

Deutsche Bank analyst Nicole Deblase lowered Caterpillar Inc's (NYSE:CAT) price target to $242 from $245 and maintained a Buy rating on the shares.
Deblase mentions that the stock sold off post earnings on lower forward earnings estimates.
Related: Caterpillar Clocks 23% Revenue Growth In Q4, Beats Analyst Expectations.
Credit Suisse analyst Jamie Cook lowered the price target to $255 (an upside of 27.7%) from $275 and maintained an Outperform rating on the shares.
Also Read: Union Pacific To Buy Battery-Electric Locomotives From Caterpillar, Wabtec
Price Action: CAT shares traded lower by 0.80% at $199.56 on the last check Monday.