大行评级丨美银：上调卡特彼勒目标价至594美元 维持“买入”评级

Core Viewpoint - Bank of America has raised Caterpillar's target price from $517 to $594 while maintaining a "Buy" rating, indicating a positive outlook despite weak demand and improving inventory levels [1] Group 1: Company Analysis - Caterpillar's target price adjustment reflects confidence in the company's future performance, with expectations of easing pressure in the construction sector by the end of 2025 [1] - The current demand for Caterpillar's products remains weak, but there are signs of improvement in inventory levels, which could positively impact future sales [1] Group 2: Industry Outlook - The construction industry is anticipated to experience a reduction in pressure by the end of 2025, suggesting a potential recovery that could benefit companies like Caterpillar [1]