Bernstein analyst Chad Dillard raised the firm’s price target on Caterpillar (CAT) to $502 from $447 and keeps a Market Perform rating on the shares. The firm expects Caterpillar to beat Q3 by +2% and issue soft guidance that raises street estimates by +1%, setting up a strong exit rate into 2026.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CAT:
- M&A News: Caterpillar (CAT) to Buy RPMGlobal in a Daring Mining Tech Push
- Caterpillar price target raised to $506 from $450 at UBS
- Caterpillar’s Strong Market Position and Promising Outlook: A Buy Rating Driven by Solar Subsidiary’s Profitability and Strategic Advantages
- Caterpillar to acquire 100% of RPM for A$5.00 cash per share
- Caterpillar enters into agreement to acquire RPMGlobal