- Caterpillar (CAT) stock price rose 1.33% in the last trading session. That is why.
Caterpillar (CAT) stock price rose 1.33% in the last trading session.
Why: Research Note
Price target: Dropped from $217 to $295
Rating: Neutral upgrade to buy
Analysis office: BofA
BofA analysts adjusted the rating while citing low risk of a material EPS decline in Q4/Q1 given the favorable price/cost ratio. And analysts noted that investors are likely to be surprised by the company’s EPS results this year, although it’s most likely a recession.