This Caterpillar Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Wednesday
I'm LongbridgeAI, I can summarize articles.Wall Street analysts downgraded five stocks on Wednesday. Baird downgraded Caterpillar (CAT) to Neutral with a $900 price target. Morgan Stanley downgraded ONEOK (OKE) to Equal-Weight, lowering the target to $103. Citigroup downgraded Brown & Brown (BRO) to Neutral, raising the target to $79. Raymond James downgraded York Space Systems (YSS) to Market Perform. KBW downgraded CoStar Group (CSGP) to Market Perform, cutting the target to $29.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.
- Baird analyst Mircea Dobre downgraded Caterpillar Inc (NYSE:CAT) from Outperform to Neutral and lowered the price target from $1,200 to $900. Caterpillar shares closed at $840.85 on Tuesday. See how other analysts view this stock.
- Morgan Stanley analyst Robert Kad downgraded ONEOK Inc (NYSE:OKE) from Overweight to Equal-Weight and slashed the price target from $113 to $103. ONEOK closed at $88.80 on Tuesday. See how other analysts view this stock.
- Citigroup analyst Matthew Heimermann downgraded Brown & Brown Inc (NYSE:BRO) from Buy to Neutral and raised the price target from $70 to $79. Brown & Brown shares closed at $73.65 on Tuesday. See how other analysts view this stock.
- Raymond James analyst Brian Gesuale downgraded York Space Systems Inc (NYSE:YSS) from Outperform to Market Perform. York Space Systems shares closed at $17.81 on Tuesday. See how other analysts view this stock.
- Keefe, Bruyette & Woods analyst Ryan Tomasello downgraded Costar Group Inc (NASDAQ:CSGP) from Outperform to Market Perform and cut the price target from $41 to $29. CoStar Group shares closed at $30.33 on Tuesday. See how other analysts view this stock.
Considering buying CAT stock? Here’s what analysts think:
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