Evercore ISI Group Maintains In-Line on Caterpillar, Lowers Price Target to $321
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst David Raso has maintained an 'In-Line' rating on Caterpillar (NYSE:CAT) but has lowered the price target from $338 to $321.
August 19, 2024 | 1:59 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Evercore ISI Group has maintained an 'In-Line' rating for Caterpillar but reduced the price target from $338 to $321, indicating a more cautious outlook.
The lowering of the price target by Evercore ISI Group suggests a more cautious outlook on Caterpillar's stock performance. This could lead to a short-term negative impact on the stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100