Caterpillar Reports Third-Quarter 2024 Results
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November 1, 2024 5:28 AM EDT
DA Davidson analyst Michael Shlisky raised the price target on Caterpillar (NYSE: CAT) to $350.00 (from $337.00) while maintaining a Neutral rating.
The analyst comments "We are maintaining our NEUTRAL rating on CAT, with a new price target of $350 (from $337) following 3Q:24... More
October 30, 2024 4:35 PM EDT
Truist Securities analyst Jamie Cook lowered the price target on Caterpillar (NYSE: CAT) to $454.00 (from $456.00) while maintaining a Buy rating.
The analyst comments "Thoughts Post Call: CATs stock closed down 2% (vs S&P 500 ~flat) after missing 3Q24 consensus EPS by 3% although reporting an in line quarter relative to mgmts expectations. Results also included $0.19 in FX headwinds that were not contemplated in CATs original guide, $0.11 in discrete tax benefits and a $0.24 benefit from share repurchase. Third quarter sales were $16.106B, down 4% y/y, slightly lower than management expectations driven by lower Construction... More
