Benzinga | Jan 31, 2022 02:06PM EST

Deutsche Bank, Credit Suisse Cut Caterpillar Price Target

* Deutsche Bank analyst Nicole Deblase lowered Caterpillar Inc's (NYSE:CAT) price target to $242 from $245 and maintained a Buy rating on the shares.

* Deblase mentions that the stock sold off post earnings on lower forward earnings estimates.

* Related: Caterpillar Clocks 23% Revenue Growth In Q4, Beats Analyst Expectations.

* Credit Suisse analyst Jamie Cook lowered the price target to $255 (an upside of 27.7%) from $275 and maintained an Outperform rating on the shares.

* Also Read: Union Pacific To Buy Battery-Electric Locomotives From Caterpillar, Wabtec

* Price Action: CAT shares traded lower by 0.80% at $199.56 on the last check Monday.