Truist analyst Jamie Cook raised the firm’s price target on Caterpillar (CAT) to $786 from $729 and keeps a Buy rating on the shares. The company’s earnings print gave investors everything one could hope for – a high-quality earnings beat, a guide with room for upside, better-than-expected retail sales and a massive backlog number, the analyst tells investors in a research note. Caterpillar’s 2026 top-line guide could also “prove conservative”, the firm added.
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