Baird Highlights Backlog Strength and Earnings Visibility at Caterpillar (CAT)

Caterpillar Inc. (NYSE:CAT) is included among the Dividend Growth Stocks: 25 Aristocrats. Baird Highlights Backlog Strength and Earnings Visibility at Caterpillar (CAT) On January 30, Baird raised its price target on Caterpillar Inc. (NYSE:CAT) to $805 from $680 and maintained an Outperform rating. The firm updated its model after reviewing fourth-quarter results that pointed to a large backlog, solid earnings visibility, and returns on invested capital that continue to run ahead of expectations. A Reu ...