This Caterpillar Analyst Turns Bearish; Here Are Top 5 Downgrades For Wednesday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

• Canaccord Genuity analyst Richard Close downgraded the rating for Doximity, Inc. DOCS from Buy to Hold but raised the price target from $40 to $60. Doximity shares closed at $58.05 on Tuesday. See how other analysts view this stock.
• Ladenburg Thalmann analyst Glenn Mattson downgraded SoundHound AI, Inc. SOUN from Buy to Neutral and maintained the price target of $7. SoundHound AI shares closed at $7.56 on Tuesday. See how other analysts view this stock.
• Phillip Securities analyst Jonathan Wolleben downgraded the rating for Spotify Technology S.A. SPOT from Buy to Accumulate but raised the price target from $420 to $485. Spotify shares closed at $419.39 on Tuesday. See how other analysts view this stock.
• Redburn Atlantic analyst Edward Lewis downgraded Starbucks Corporation SBUX from Neutral to Sell and lowered the price target from $84 to $77. Starbucks shares closed at $98.80 on Tuesday. See how other analysts view this stock.
• Evercore ISI Group analyst David Raso downgraded the rating for Caterpillar Inc. CAT from In-Line to Underperform but increased the price target from $321 to $365. Caterpillar shares closed at $393.01 on Tuesday. See how other analysts view this stock.

Considering buying CAT stock? Here’s what analysts think:

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