Baird Maintains Underperform on Caterpillar, Raises Price Target to $300
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Mircea Dobre maintains an Underperform rating on Caterpillar (NYSE:CAT) but raises the price target slightly from $299 to $300.
October 31, 2024 | 11:30 am
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Baird analyst Mircea Dobre maintains an Underperform rating on Caterpillar but slightly raises the price target from $299 to $300.
The Underperform rating suggests a negative outlook, but the slight increase in the price target indicates a marginally improved view. The impact on the stock price is likely neutral as the overall sentiment remains cautious.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100