Citigroup Maintains Neutral on Caterpillar, Raises Price Target to $340
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Timothy Thein maintains a Neutral rating on Caterpillar (NYSE:CAT) and raises the price target from $255 to $340.
February 12, 2024 | 7:39 pm
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Citigroup has maintained a Neutral rating on Caterpillar but increased the price target from $255 to $340.
The increase in price target by Citigroup suggests a positive outlook on Caterpillar's future performance, potentially leading to increased investor confidence and a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100