Stifel Maintains Buy on Caterpillar, Raises Price Target to $300
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stanley Elliott maintains a 'Buy' rating on Caterpillar (NYSE:CAT) and raises the price target from $275 to $300.
August 04, 2023 | 12:03 pm
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Stifel analyst Stanley Elliott maintains a 'Buy' rating on Caterpillar and raises the price target from $275 to $300. This could potentially lead to an increase in the stock price.
The raised price target by Stifel indicates a positive outlook for Caterpillar. This could potentially lead to an increase in the stock price as it suggests that the analyst believes the stock is undervalued at current levels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100