Goldman Sachs Maintains Buy on Caterpillar, Raises Price Target to $315
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Jerry Revich has maintained a 'Buy' rating on Caterpillar (NYSE:CAT) and raised the price target from $274 to $315.
August 04, 2023 | 11:06 am
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Goldman Sachs has maintained a 'Buy' rating on Caterpillar and raised the price target from $274 to $315, which could lead to an increase in the stock's price.
The 'Buy' rating maintained by Goldman Sachs indicates their positive outlook on Caterpillar. The increase in the price target from $274 to $315 suggests that they expect the stock's price to rise in the short term. This news could lead to increased investor confidence in Caterpillar, potentially driving up the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100