B of A Securities Maintains Buy on Caterpillar, Raises Price Target to $323
Portfolio Pulse from jenniferd'souza@benzinga.com
B of A Securities analyst Michael Feniger maintains a Buy rating on Caterpillar (NYSE:CAT) and raises the price target from $283 to $323.
August 04, 2023 | 11:11 am
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Caterpillar's price target has been raised from $283 to $323 by B of A Securities, maintaining a Buy rating.
The raised price target indicates the analyst's increased confidence in Caterpillar's future performance. This could potentially attract more investors, driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100