Major Bank Rating | Baird: Lowers Caterpillar target price to $900, rating downgraded to "Neutral"

Glonghui, July 29 – A certain exchange has downgraded Caterpillar’s rating from “Outperform” to “Neutral” and reduced its target price from $1,200 to $900. Regulatory measures on data center construction by US states and local governments are tightening, which may dampen demand for related equipment starting from 2027, even though Caterpillar’s recent orders remain robust.