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BMO throws in the towel on its Caterpillar (CAT -1.2%) buy, downgrading to Hold with price...

BMO throws in the towel on its Caterpillar (CAT -1.2%) buy, downgrading to Hold with price target reduced to $86 from $96 following yesterday's earnings. "Much of Caterpillar's end market exposure is to cycles that have passed their peaks," says the team, sounding like it's bought Jim Chanos' argument.
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