TD Cowen Maintains Buy on Caterpillar, Raises Price Target to $340
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Matt Elkott maintains a Buy rating on Caterpillar (NYSE:CAT) and raises the price target from $338 to $340.
April 26, 2024 | 5:51 pm
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POSITIVE IMPACT
TD Cowen maintains a Buy rating on Caterpillar and raises the price target to $340.
The upgrade in price target by TD Cowen reflects a positive outlook on Caterpillar's stock, suggesting potential upside. This analyst endorsement could lead to increased investor confidence and a short-term uplift in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100