1 Analyst Thinks Caterpillar Stock Is Going to $345. Is It a Buy?
Caterpillar(CAT) The Motley Fool·2024-05-09 18:33Some Wall Street analysts think the construction and heavy machinery equipment company's stock has room to run.Caterpillar (CAT 2.18%) stock received an upgrade recently. A Tigress Financial analyst upgraded their price target to $345 from $295 while retaining a buy rating on the stock. While the new price target is pretty much where the stock is trading now, the price target upgrade and positive rating affirm the bullish case for the stock.The bullish case for CaterpillarCaterpillar is a cyclical stock tha ...