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Caterpillar (CAT) Demand Out-Running Supply - Citi

September 28, 2022 12:18 PM EDT

Citi analyst Timothy Thein reiterated a Neutral rating on Caterpillar (NYSE: CAT) shares in a note Wednesday but cut the firm's price target on the stock to $180 per share from $195.

The analyst stated that after they caught up with senior leaders at several of CAT's North American dealer groups, feedback... More