UPDATE: Credit Suisse Lowers PT on Caterpillar Following Earnings Miss

In a report published Tuesday, Credit Suisse analyst Jamie Cook reiterated an Outperform rating on Caterpillar (NYSE: CAT ), but lowered the price target from $110.00 to $103.00. In the report, Cook noted, “CAT's stock jumped ~3% on a widely anticipated earnings miss and guidance cut tied to mining which