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Week After IRS Raid, Vetr Upgrades Caterpillar To Hold

Chris Dier-Scalise

The Vetr crowd upgraded their rating for Caterpillar Inc. (NYSE: CAT) on Friday, from 2.5 stars (Sell), issued three days ago, to 3 stars (Hold). At the time of the upgrade, crowd confidence in Caterpillar was generally positive, with 71 percent of Vetr user ratings bullish.

Share price in Caterpillar seems to have stabilized after a high-profile government raid on the company's corporate office on March 2 dropped the stock by nearly 5 percent. The stock continued lower in the week following to a low of $90.41 on March 9. Caterpillar is up slightly, hovering around $91.75.

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Currently, the Vetr crowd's average target price for Caterpillar is down at $89.96, which is still above the average analyst target price of $88.13. Less than 2 percent of Vetr users are holding CAT in their watch lists.

Latest Ratings for CAT

Date Firm Action From To
Feb 2017 Evercore ISI Group Upgrades Hold Buy
Feb 2017 Barclays Upgrades Equal-Weight Overweight
Jan 2017 Wells Fargo Upgrades Market Perform Outperform

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