CAT Downgrade to Neutral · GradedCalls Analysts

GradedCalls Analysts

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Mircea Dobre downgraded CAT to Neutral

Baird · Jul 29, 2026 · CAT · Industrials

Recommendation

Downgrade to Neutral

Desk rating Outperform → Neutral

Price target

$900.00

Prior $1,200.00

Price at call

$782.71

Adjusted close

Direction for grading

Hold

Buy, Hold, or Sell bucket used by the score.

Downgraded to Neutral from Outperform; target $900 from $1200.

Note restates the rating and target from the source. It is not a quotation of a research report.

The grade

The large number is the GC score for that window, on the GC Scale from 1 to 10. GC 1 is a poor track record. GC 10 is an excellent one. The same card shows the full score out of 100. 70+ is STRONG, 40–69 PROVISIONAL, under 40 WEAK; a graded 0 is EXIT LIQUIDITY. A graded score of exactly 0 is an empty glass at 0% and reads EXIT LIQUIDITY. The badge is a dash, not GC 1. An open horizon stays ungraded and reads Not graded yet. A hit is a full direction match. Near-misses earn 35 of 70 direction points and do not count in the hit rate.

2 weeks after the call

Miss

2/10GC 1 → GC 10

Score 11.6/100

WEAK

GC 1–4. Under 40 is WEAK on the GC Scale.

Price at call: $782.71
Price after: $855.60
Forward return: +9.3%
Direction points: 0 / 70
Target points: 11.6 / 30
Target error: 5.7%
If followed: Hold excluded

Direction for grading is Hold. That bucket expects the absolute move to stay within 1% over 2 weeks.

30D

30 days after the call

Near

4/10GC 1 → GC 10

Score 35/100

WEAK

GC 1–4. Under 40 is WEAK on the GC Scale.

Price at call: $782.71
Price after: $800.25
Forward return: +2.2%
Direction points: 35 / 70
Target points: 0.0 / 30
Target error: 12.7%
If followed: Hold excluded

Direction for grading is Hold. That bucket expects the absolute move to stay within 2% over 30 days.

60D

60 days after the call

Near

6/10GC 1 → GC 10

Score 52.9/100

PROVISIONAL

GC 5–7. From 40 up to 70 is PROVISIONAL on the GC Scale.

Price at call: $782.71
Price after: $821.58
Forward return: +5.0%
Direction points: 35 / 70
Target points: 17.9 / 30
Target error: 10.0%
If followed: Hold excluded

Direction for grading is Hold. That bucket expects the absolute move to stay within 4% over 60 days.

90D

90 days after the call

This window has no recorded price yet, so the call stays ungraded. Open windows are left out of hit rate and score.

Direction for grading is Hold. That bucket expects the absolute move to stay within 5% over 90 days.

1 year after the call

This window has no recorded price yet, so the call stays ungraded. Open windows are left out of hit rate and score.

Direction for grading is Hold. That bucket expects the absolute move to stay within 8% over 1 year.