Reported about 10 hours ago
UBS upgraded Caterpillar Inc. (CAT) from 'Sell' to 'Neutral' on May 16, 2025, raising the price target from $340 to $357 due to positive developments in U.S.-China trade relations. Analysts cited a strong demand in China's excavator market and Caterpillar's robust global manufacturing capabilities as key factors for the upgrade. Despite the positive outlook, they cautioned that the company is still facing macroeconomic challenges.
Source: YAHOO