Baird raised the firm’s price target on Caterpillar (CAT) to $805 from $680 and keeps an Outperform rating on the shares. The firm updated its model following Q4 results which showed a big backlog, meaningful earnings ahead, and ROIC ahead.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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 $765 from $740 at JPMorgan
- Caterpillar price target raised to $756 from $702 at Wells Fargo
- Caterpillar price target raised to $735 from $708 at BofA
- Caterpillar price target raised to $760 from $710 at Citi
- Caterpillar price target raised to $625 from $610 at Barclays