Investors haven't yet readjusted their portfolios to reflect strong US macro data, creating an opportunity in financial stocks, says Morgan Stanley.

Morgan Stanley analyst Angel Castillo downgraded Caterpillar stock to Sell from Hold, and his price target slipped to $332 from $349.

Caterpillar (CAT) shares dip Monday morning after Morgan Stanley's analyst team downgraded the stock to Underweight and cut their price target to $332 per share. The construction and agricultural machinery maker has seen its stock rise by 34% year-to-date.

Brazil’s economy is growing faster than expected and stocks are cheap, said Morgan Stanley strategist Nikolaj Lippmann. Just don’t expect that to translate into a rally in equities, he warned.

Fintel reports that on October 14, 2024, Morgan Stanley downgraded their outlook for Caterpillar (NYSE:CAT) from Equal-Weight to Underweight. Analyst Price Forecast Suggests 14.10% Downside As of September 24,

Shares of Caterpillar Inc (NYSE:CAT) fell 2.6% in pre-open trading after Morgan Stanley downgraded the stock to “underweight” from “equal-weight.” This shift in outlook comes amid concerns about potential destocking within

Caterpillar’s (NYSE:CAT) shares fell 2.5% in premarket trading Monday after analysts at financial-services firm Morgan Stanley downgraded the maker of heavy equipment to Underweight from a previous investment rating of Equal weight.