Citigroup Maintains Buy on Caterpillar, Raises Price Target to $445
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Kyle Menges maintains a Buy rating on Caterpillar and raises the price target from $380 to $445.
October 09, 2024 | 9:26 pm
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Citigroup analyst Kyle Menges has reaffirmed a Buy rating on Caterpillar and increased the price target from $380 to $445, indicating a positive outlook for the stock.
The increase in price target from $380 to $445 by Citigroup suggests a strong positive outlook for Caterpillar's stock. The reaffirmation of the Buy rating indicates continued confidence in the company's performance, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100