Citigroup Initiates Coverage On Caterpillar with Buy Rating, Announces Price Target of $380
Portfolio Pulse from Benzinga Newsdesk
Citigroup has initiated coverage on Caterpillar (NYSE:CAT) with a Buy rating and set a price target of $380.
June 26, 2024 | 2:41 pm
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Citigroup has initiated coverage on Caterpillar with a Buy rating and set a price target of $380.
The initiation of coverage with a Buy rating and a high price target of $380 by a major financial institution like Citigroup is likely to positively impact Caterpillar's stock price in the short term. This indicates strong confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100