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Caterpillar stock nosedives on JPMorgan downgrade

Cecilia Jamasmie | January 05, 2015 | 8:13 pm Asia Europe Latin America 

Shares of Caterpillar (NYSE:CAT), the world's largest maker of mining and construction equipment, were falling almost 6% in early afternoon trade in New York after JPMorgan downgraded the stock Monday. Analysts at JPMorgan lower CAT to underweight from neutral on...

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