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• CAT 92% Rate It

JPMorgan has downgraded construction manufacturer, Caterpillar Inc.( CAT ) to "Neutral" on Monday.

The firm has downgraded CAT from an "Overweight" to "Neutral," and has lowered its price target from $109 to $90. This price target suggests a 6.3% increase from the stock's current price of $84.30.

The firm also lowered its estimate on CAT's full year 2012 outlook from $10.92 to $9 a share. Analysts believe that the company does not have a balance sheet which would allow EPS to increase.

Caterpillar shares were down 46 cents, or -0.54% during premarket trading Monday.

The Bottom Line
Shares of Caterpillar ( CAT ) have a 2.45% dividend yield, based on Friday's closing stock price of $84.95. The stock has technical support in the $80 price area. If the shares can firm up, we see overhead resistance around the $90 price level.

Caterpillar Inc.( CAT )is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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