Shares of heavy machinery manufacturer Caterpillar (NYSE:CAT) are down more than the overall industrial sector (XLI) in today's session. This can be attributed to a downgrade from UBS (NYSE:UBS) analyst Steven Fisher, who lowered the company from Buy to Hold. This is despite the fact that Steven Fisher raised his price target from $225 to $230 per share. UBS remains positive on Caterpillar's underlying business, as it expects earnings and margins to continue improving. Nonetheless, UBS cites multiple compression as the main reason for the neutral stance.
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