Reported 2 days ago
BofA Securities has raised the price target for Caterpillar Inc. (NYSE:CAT) from $517 to $594, maintaining a Buy rating. The adjustment follows increased demand in the small turbine market, where supply limitations have created longer lead times and higher prices, particularly for advanced components. Additionally, BofA highlighted the growing value from data centers and Caterpillar's reliable dividend history, marking 31 years of consecutive increases.
Source: YAHOO