Caterpillar Stock Tumbles as Morgan Stanley Flags Overstock Concerns
Shares of Caterpillar ( CAT, Financial) fell sharply by 1.9% on Monday after Morgan Stanely downgraded it due to concerns over large inventories that will have to be restocked. This is a dramatic reversal from last month's record highs, which were driven by expectations associated with the recently unveiled China's housing market boost.