[REVISION HISTORY]
Caterpillar stock downgrade
Updated 1 time since CLSTR started tracking revisions of this situation.
What changed
2026-07-31 04:30 UTC → 2026-08-01 05:12 UTC ·
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On July 27, 27 2024, Caterpillar’s share price fell about 3.6% after Erste Group Bank cut its rating from "buy" “buy” to "hold," “hold,” and insiders sold roughly 32,000 shares. While other analysts kept neutral or raised price targets, the stock remained up sharply on a year‑to‑date basis. Three days later, on July 30, 30 2024, additional research firms—including Robert W. Baird and other houses—also moved their recommendations to "hold," “hold,” citing concerns that the stock’s high price‑to‑earnings multiple may already price in future growth. Despite the broader downgrade, several analysts lifted their price targets, and Caterpillar reported fourth‑quarter earnings that beat expectations, highlighting strong profitability amid the valuation debate. On July 30 2026, Robert W. Baird again downgraded Caterpillar to “hold,” while other analysts issued mixed price targets. The company posted first‑quarter 2026 earnings per share of $5.54, surpassing the consensus $4.65, and generated $17.41 billion in revenue, beating the $16.53 billion estimate.
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