Citi raised the firm’s price target on Caterpillar (CAT) to $670 from $570 and keeps a Buy rating on the shares. The firm updated the company’s model post the Q3 report to reflect higher estimates and a higher valuation multiple for the shares.
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Read More on CAT:
- Caterpillar price target raised to $729 from $582 at Truist
- Caterpillar price target raised to $380 from $350 at Morgan Stanley
- Caterpillar price target raised to $730 from $650 at JPMorgan
- Caterpillar price target raised to $557 from $502 at Bernstein
- Caterpillar price target raised to $650 from $594 at BofA