Check Out What Whales Are Doing With CAT
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Caterpillar (NYSE:CAT), with 81% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $210.0 to $290.0 for Caterpillar over the last 3 months. DA Davidson downgraded its action to Neutral with a price target of $263, while Citigroup maintained their Neutral rating on Caterpillar, with a price target of $270.
July 19, 2023 | 7:31 pm
News sentiment analysis
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NEGATIVE IMPACT
Bearish stance by a significant investor could potentially impact Caterpillar's stock negatively in the short term. Analysts maintain a Neutral rating.
The bearish stance by a significant investor indicates a lack of confidence in the stock's performance, which could potentially lead to a decrease in the stock's price. However, the Neutral rating maintained by analysts suggests that the stock's performance might not be significantly impacted.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100