Market Overview

Caterpillar Lower After Goldman Sachs Downgrade

Related CAT
Benzinga's Weekly Bulls & Bears: Bitcoin, Ford, Lululemon, Nike And More
Barclays Constructs A Bullish Call On Caterpillar, CNH Industrial And Others
Top Ten Industrial Stocks For Dividend Growth And Income (Seeking Alpha)

Caterpillar Inc. (NYSE: CAT) shares are trading lower by $2.50 at $58.48 in Monday's session. The catalyst for the decline is a downgrade by Goldman Sachs from Neutral to Sell. The firm did not disclose a price target.

After a lower open, it could not reach the lower end of Friday's range ($60.60), coming up way short by only reaching $59.35.

The issue is attempting to stabilize in the area of Thursday's low ($58.25), reaching $58.32 and rebounding.

The low for the issue's recent slide was made on Wednesday at $56.26.

Posted-In: Technicals Intraday Update Movers Trading Ideas


Related Articles (CAT)

View Comments and Join the Discussion!