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Hickey and Walters (Bespoke) submit: Caterpillar (CAT) was downgraded from Buy to Hold this morning by Stifel Nicolaus. Stifel is the top-ranked analyst on the stock based on BARR ratings.

As shown, they made a great buy call on the stock back in October.

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cat downgrade

Source: Top Rated CAT Analyst At Stifel Nicolaus Downgrades It