5 Analysts Discuss Key Takeaways from Caterpillar's (CAT) Analyst Day
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Caterpillar (CAT) PT Raised to $282 at Tigress Financial Partners
May 20, 2022 1:03 PM EDTTigress Financial Partners analyst Ivan Feinseth raised the price target on Caterpillar (NYSE: CAT) to $282.00 while maintaining a Buy rating.
The analyst comments "We reiterate our Buy rating and increase our 12-month target price to $282 as CAT continues to see strong end-market demand driven by strong trends in capital equipment spending and announced a new $15 billion share repurchase at its Analyst Day. CAT is well-positioned to benefit from ongoing capital equipment spending driven primarily by expanding energy and mining market growth. CAT is benefiting from a strong global recovery, driving increases in commodity prices... More
