Caterpillar (CAT) is downgraded to Neutral from Overweight at JPMorgan, which lowers its FY12...

|About: Caterpillar Inc. (CAT)|By:, SA News Editor

Caterpillar (CAT) is downgraded to Neutral from Overweight at JPMorgan, which lowers its FY12 EPS estimate to $9 from $10.92, saying the company doesn't have the balance sheet necessary to boost share repurchases. The analysts also say don't overlook the President's reelection and its impact on the coal and energy sector.