Invezz

Caterpillar stock price erases earlier losses as Morgan Stanley downgrades to “underweight”

Caterpillar stock price erases earlier losses as Morgan Stanley downgrades to “underweight”
Construction
Michael Harris
Author
Michael H.
Apr 27, 2020, 13:24 PM
  • Morgan Stanley downgrade Caterpillar to “underweight” due to a risk of a “multi-year downturn in spending”
  • This is the second cut for Caterpillar stock, after the Bank of America downgraded the stock two weeks ago
  • Shares of Caterpillar have been trading in an uptrend today after gapping nearly 3% lower at the open

Shares of Caterpillar (NYSE:CAT) have erased morning’s losses after Morgan Stanley downgraded the stock from “equal weight” to “underweight” citing increasing downside risks.

Jun 10, 2026, 00:35 AM
Silver price forecast: death cross nears ahead of US inflation data
Commodities

Silver price forecast: death cross nears ahead of US inflation data

Jun 09, 2026, 22:59 PM
Gold price loses crucial support ahead of US CPI data: will it crash to $4,000?
Commodities

Gold price loses crucial support ahead of US CPI data: will it crash to $4,000?

Jun 09, 2026, 16:32 PM
Dow gains as Nasdaq slides on chip selloff, SpaceX IPO concerns
Stock market

Dow gains as Nasdaq slides on chip selloff, SpaceX IPO concerns

Jun 09, 2026, 16:04 PM
DraftKings stock jumps 11% as prediction markets volume surges
Stock market

DraftKings stock jumps 11% as prediction markets volume surges

Jun 09, 2026, 15:18 PM
Options data reveals how Oracle stock may respond to its Q4 earnings tomorrow
Stock market

Options data reveals how Oracle stock may respond to its Q4 earnings tomorrow

No results found

Loading articles...

Failed to load articles. Please try again.