Goldman Sachs Maintains Buy on Caterpillar, Raises Price Target to $357
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Jerry Revich maintains a Buy rating on Caterpillar (NYSE:CAT) and raises the price target from $274 to $357, indicating a positive outlook on the company's stock.
February 06, 2024 | 2:29 pm
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Goldman Sachs maintains a Buy rating on Caterpillar and increases the price target to $357, suggesting a bullish stance on the stock.
The increase in price target by a reputable analyst like Goldman Sachs typically signals a strong conviction in the company's future performance. This endorsement can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100