Bernstein Maintains Market Perform on Caterpillar, Raises Price Target to $245
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Chad Dillard has maintained a Market Perform rating on Caterpillar Inc. (NYSE:CAT) and increased the price target from $216 to $245.
December 21, 2023 | 7:16 pm
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Bernstein has maintained a Market Perform rating on Caterpillar and raised the price target to $245, indicating a positive outlook on the stock.
The increase in price target by Bernstein reflects a positive reassessment of Caterpillar's value, suggesting that the analyst sees potential for the stock to rise to the new target. This could lead to increased investor confidence and a potential short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100