Stifel Maintains Buy on Caterpillar, Raises Price Target to $293
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stanley Elliott has maintained a Buy rating on Caterpillar Inc. (NYSE:CAT) and increased the price target from $285 to $293, indicating a positive outlook on the company's stock.
December 19, 2023 | 3:32 pm
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Stifel analyst Stanley Elliott reaffirmed a Buy rating on Caterpillar and raised the price target to $293, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst typically signals a positive outlook on the stock, which can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100