Why Caterpillar Stock Was Slipping Today
Shares of Caterpillar (NYSE: CAT) were pulling back on concerns around new tariffs on goods from Canada, Mexico, and China. Those weighed on the stock market generally, and Caterpillar specifically, as the multinational company is heavily dependent on the global supply chain.
As of 12:17 p.m. ET, the S 500 (SNPINDEX: ^GSPC) was down 0.8%, and Caterpillar stock was down 1.9% at the same time.
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Source Fool.com
Caterpillar Inc. Stock
€673.60
0.120%
With 51 Buy predictions and 4 Sell predictions Caterpillar Inc. is one of the favorites of our community.
On the other hand, the target price of 655 € is below the current price of 673.6 € for Caterpillar Inc., so the potential is actually -2.76%.
