EPS Recovery
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Caterpillar On Track For Multi-Year EPS Recovery: Analyst
Benzinga· 2026-02-11 20:55
Analyst Michael Feniger maintained a Buy rating and boosted the price forecast from $735 to $825.Customer Capital Expenditure BoostThe analyst notes that a key customer for turbines (The Williams Companies) announcement of substantial increases in capital expenditures for 2026 is expected to bolster Caterpillar's business prospects significantly.This strategic spending is anticipated to enhance Caterpillar's backlog, particularly in its turbine and engine sectors, which are crucial for the company's growth ...