B of A Securities Maintains Buy on Caterpillar, Lowers Price Target to $376
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Michael Feniger maintains a Buy rating on Caterpillar (NYSE:CAT) but lowers the price target from $385 to $376.
August 07, 2024 | 5:05 pm
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B of A Securities analyst Michael Feniger maintains a Buy rating on Caterpillar but lowers the price target from $385 to $376.
The Buy rating suggests continued confidence in Caterpillar's performance, but the lowered price target indicates some caution about its short-term prospects. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100