Citigroup Maintains Neutral on Caterpillar, Raises Price Target to $270
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Timothy Thein has maintained a Neutral rating on Caterpillar (NYSE:CAT) and raised the price target from $240 to $270.
July 18, 2023 | 4:34 pm
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Citigroup has maintained a Neutral rating on Caterpillar and raised the price target from $240 to $270.
The raised price target by Citigroup indicates a positive outlook for Caterpillar. This could potentially lead to an increase in the stock price in the short term as it signals the analyst's increased confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100