Cowen, Citi Slash Caterpillar's Price Target - Read Why

Cowen  analyst Matt Elkott lowered the price target  for Caterpillar Inc.  (NYSE: CAT ) to $225 (an upside of 25%) from $255 while maintaining the Outperform rating on the shares. The analyst expects a broad, long-term rebound in most segments, but macroeconomic factors and foreign exchange could cause bumps along the way. Elkott revised his estimates downward, citing persistent supply chain disruptions, higher input costs, ... Full story available on Benzinga.com