Caterpillar Tariff Impact Less Severe Than Anticipated: Analyst

Bank Of America Securities analyst Michael Feniger reiterated a Buy rating on Caterpillar, Inc. (NYSE:CAT) and a price forecast of $335. The company reported a 9.8% year-over-year decline in sales and revenue to $14.25 billion, missing the consensus of $14.66 billion. Adjusted EPS of $4.24 came…