Why Caterpillar Stock Is Volatile Today
Caterpillar (NYSE: CAT) reported weaker-than-expected first-quarter results and lowered full-year guidance. But investors went into earnings season anticipating bad news from Cat, limiting the downside post-announcement.
Shares of Caterpillar actually opened up about 3% following the release before falling down 2% as of 2:30 p.m. ET.
Caterpillar is a world leader in heavy duty construction and mining equipment. The company is vulnerable to tariffs in several ways. Cat has a global supply chain and is likely to see costs go up. It also has to worry about tariffs causing an economic slowdown that eats into demand for its big ticket items.
Source Fool.com
Caterpillar Inc. Stock
€358.50
-4.300%
Our community is currently high on Caterpillar Inc. with 35 Buy predictions and 5 Sell predictions.
As a result the target price of 407 € shows a slightly positive potential of 13.53% compared to the current price of 358.5 € for Caterpillar Inc..
