Goldman Sachs Maintains Buy on Caterpillar, Raises Price Target to $408
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Jerry Revich maintains a Buy rating on Caterpillar (NYSE:CAT) and raises the price target from $357 to $408.
April 16, 2024 | 1:27 pm
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Goldman Sachs maintains a Buy rating on Caterpillar and increases the price target to $408.
The upgrade in price target by a reputable analyst like Goldman Sachs typically signals a strong confidence in the company's future performance, potentially leading to increased investor interest and a positive short-term price movement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100