Baird raised the firm’s price target on Caterpillar (CAT) to $422 from $395 and keeps an Outperform rating on the shares. The firm updated its model following meetings with mangement at its Lafayette Indiana large engine facility.
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Read More on CAT:
- Caterpillar’s Strategic Positioning and Operational Enhancements Lead to Hold Rating
- Caterpillar’s Growth Potential in Energy & Transportation Drives Buy Rating
- Caterpillar Increases Dividend Following Shareholders Meeting
- Caterpillar raises quarterly dividend 7% to $1.51 per share
- Caterpillar’s Resilience and Growth Potential Justify Buy Rating Amid Global Market Optimism
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