After Caterpillar (CAT) released an 8K in which it disclosed that the company now sees its 2025 net tariff headwind to be in the range of $1.5B-$1.8B, up from $1.3B-$1.5B previously, Morgan Stanley lowered the firm’s 2025 EPS estimate to $17.13, which is 6% below consensus, driven by the increased tariff headwinds. Updated steel, aluminum, and country specific tariffs pose a risk for the rest of the agriculture, construction and rail locomotive original equipment makers in the analyst’s coverage, including Oshkosh (OSK), Terex (TEX), Deere (DE), CNH Industrial (CNH), Agco (AGCO) and Wabtec (WAB), the firm stated. Morgan Stanley has an Underweight rating and $350 price target on Caterpillar shares.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CAT:
- Morning Movers: Celsius jumps after PepsiCo agrees to increase stake
- Caterpillar price target lowered to $495 from $500 at Baird
- Caterpillar price target lowered to $480 from $493 at Oppenheimer
- Caterpillar Faces Financial Strain Amid Rising Tariff Costs and Competitive Pressures
- Caterpillar Buy Rating: Navigating Tariff Challenges and Anticipating 2026 Growth