Truist Securities Initiates Coverage On Caterpillar with Buy Rating, Announces Price Target of $390
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jamie Cook has initiated coverage on Caterpillar Inc. (NYSE:CAT) with a Buy rating and set a price target of $390. This new coverage could influence investor sentiment and potentially impact Caterpillar's stock price in the short term.
March 14, 2024 | 9:35 am
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Truist Securities initiated coverage on Caterpillar with a Buy rating and a price target of $390, indicating a positive outlook on the company's stock.
The initiation of coverage by Truist Securities with a Buy rating and a high price target suggests a strong positive outlook on Caterpillar's stock. This could lead to increased investor confidence and potentially drive up the stock price in the short term, as market participants often react positively to favorable analyst coverage.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100