Citigroup Maintains Buy on Caterpillar, Lowers Price Target to $435
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Kyle Menges maintains a Buy rating on Caterpillar but lowers the price target from $445 to $435.
October 31, 2024 | 8:48 pm
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NEUTRAL IMPACT
Citigroup analyst Kyle Menges maintains a Buy rating on Caterpillar, indicating continued confidence in the stock. However, the price target is lowered from $445 to $435, suggesting a slightly less optimistic outlook.
The maintained Buy rating suggests that Citigroup still sees potential in Caterpillar, but the lowered price target indicates a tempered outlook. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100