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BofA Lifts Caterpillar (CAT) Price Target, Highlights Growth in Turbine and Data Center Segments
Yahoo Financeยท 2025-10-18 02:32
Core Insights - Caterpillar Inc. (NYSE:CAT) has been recognized as one of the 15 Dividend Stocks that have raised payouts for over 20 years [1] - BofA Securities has raised its price target for Caterpillar from $517 to $594, maintaining a Buy rating, due to growth in the turbine and data center segments [2] - The small turbine market is experiencing extended lead times of over two years, with prices increasing, which benefits Caterpillar's Solar brand [3] - Growing demand from data centers is expected to add significant value, similar to Caterpillar's role in the oil and gas sector [4] - Caterpillar has a strong dividend history, with 31 consecutive years of increases, and a current quarterly dividend of $1.51 per share, yielding 1.12% [5] - Caterpillar is a leading global producer of heavy machinery, with operations across all continents [6]