DA Davidson analyst Michael Shlisky raised the firm’s price target on Caterpillar (CAT) to $650 from $569 and keeps a Neutral rating on the shares after its Q4 earnings beat. Top-line growth appears to be in the cards for all 3 segments of the company in 2026, led by Datacenters, though this is tempered somewhat by a low-end margin range as Caterpillar continues to absorb costs amid a wait-and-see approach to tariffs, the analyst tells investors in a research note.
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