Truist Securities Maintains Buy on Caterpillar, Raises Price Target to $456
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained its Buy rating on Caterpillar and raised the price target from $399 to $456, indicating confidence in the company's future performance.
October 09, 2024 | 3:38 pm
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Truist Securities has reaffirmed its Buy rating on Caterpillar and increased the price target to $456, suggesting positive expectations for the company's stock performance.
The increase in price target from $399 to $456 by Truist Securities reflects a strong positive outlook on Caterpillar's future performance. Maintaining a Buy rating suggests that the analyst expects the stock to perform well, which could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100