Truist raised the firm’s price target on Caterpillar (CAT) to $729 from $582 and keeps a Buy rating on the shares. The firm is positive on the company’s Q3 earnings beat on higher sales and reflecting stronger demand and profits in Energy & Transportation and Construction, despite tariff costs than came in at the high end of the management’s expectations, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CAT:
- Caterpillar price target raised to $380 from $350 at Morgan Stanley
- Caterpillar price target raised to $730 from $650 at JPMorgan
- Caterpillar price target raised to $557 from $502 at Bernstein
- Caterpillar price target raised to $650 from $594 at BofA
- Caterpillar price target raised to $555 from $485 at Barclays