Caterpillar (CAT) - the construction equipment manufacturer's stock receives second upgrade – fundamental improvement expected by 2026 – rebound mode is activated!
After two upgrades within a month and the easing in the US-China trade conflict, the Caterpillar stock shows significant recovery potential with a new price target of $395!
Reading Time: 1 minute
I am currently observing a promising trend reversal with Caterpillar . The stock of the construction equipment manufacturer has received a second upgrade from the same analyst within a month – a clear testament of confidence that has driven the price higher. Baird analyst Mig Dobre raised his rating from Hold to Buy and significantly increased the price target from $309 to $395. This is particularly noteworthy, as he had just upgraded the stock from Sell to Hold on May 1. Three factors convince me now: the lower seasonal build-up of dealer inventories,...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
