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Caterpillar Got a Downgrade, Global Growth Stalled Last Week

Mohit Oberoi, CFA
Caterpillar Got a Downgrade, Global Growth Stalled Last Week

Atlantic Equities downgraded Caterpillar (CAT) from “neutral” to “underweight.” Atlantic Equities analyst Richard Radbourne also lowered Caterpillar’s earnings estimates for fiscal 2019 and fiscal 2020.