Reported about 14 hours ago
The Dutch Pension Fund ABP announced the sale of its $454.43 million stake in Caterpillar Inc. (NYSE:CAT) due to the company's new sustainability policy, which follows UN concerns about its equipment's use in Palestinian territory. Despite this divestment, Oppenheimer affirmed its Outperform rating for Caterpillar, raising its price target from $480 to $513, and highlighted the company's strong position in the construction industry.
Source: YAHOO