Caterpillar (CAT) Declares $1.11 Quarterly Dividend; 2.3% Yield
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'Megacycle Underway': Cowen Starts Caterpillar (CAT) at Outperform, Expects a Third of Total Revenues to Come From Infrastructure Bill
October 14, 2021 5:58 AM EDTCowen analyst Matt Elkott initiated the research coverage on Caterpillar (NYSE: CAT) with an Outperform rating and a $241.00 per share price target.
The analyst believes the megacycle is underway, and not just an upcycle. As a result, Elkott expects valuation to reflect not just... More
Cowen Starts Caterpillar (CAT) at Outperform
October 14, 2021 5:56 AM EDTCowen analyst Matt Elkott initiates coverage on Caterpillar (NYSE: CAT) with a Outperform rating and a price target of $241.00.
The analyst comments "Our analyses of NA rail loadings suggest favorable momentum for CATs NA businesses and lead us to identify a pandemic-induced... More
