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
€677.40
0.620%
The stock is one of the favorites of our community with 52 Buy predictions and 4 Sell predictions.
However, we have a potential of -3.31% for Caterpillar Inc. as the target price of 655 € is below the current price of 677.4 €.
