HSBC Maintains Hold on Caterpillar, Raises Price Target to $360
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Helen Fang maintains a Hold rating on Caterpillar (NYSE:CAT) and raises the price target from $330 to $360.
April 30, 2024 | 3:51 pm
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HSBC analyst Helen Fang maintains a Hold rating on Caterpillar and raises the price target from $330 to $360.
The increase in price target by HSBC suggests a positive outlook on Caterpillar's stock value in the short term, despite maintaining a Hold rating. This adjustment reflects an expectation of stronger performance or favorable market conditions for Caterpillar, potentially influencing investor sentiment and stock price positively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100