Caterpillar downgraded to Neutral from Overweight at JPMorgan JPMorgan downgraded Caterpillar citing continued pressure in the mining sector and potential pressure in the U.S. coal and energy sectors following Obama's reelection. Price target lowered to $90 from $109.
Caterpillar sales trends suggest 'muted' 2015 outlook, says Wells Fargo Wells Fargo says Caterpillar's November retail sales trends were weak with growth trends decelerating from October in all segments. Wells believes weakening demand trends suggest Caterpillar may provide "a muted" outlook for 2015, and the firm stays below consensus with its 2015 expectations. Wells has a Market Perform rating on Caterpillar.