BUZZ-BofA hikes Caterpillar PT; shares rise
BofA Global Research has raised its price target on Caterpillarto $594 from $517, maintaining a "buy" rating. This new target reflects a 12.6% premium from the stock's last close. Caterpillar shares rose nearly 1.5% to about $535 in morning trading. Despite facing turbine supply constraints and weak demand, BofA sees potential upside from aftermarket strength and capacity investments. The stock is up 45.4% year-to-date, with 14 of 28 brokerages rating it "buy" or higher.
BofA Global Research raises PT on Caterpillar (CAT.N) to $594 from $517, maintains rating at “buy”
New PT shows a premium of 12.6% from the stock’s last close
Shares of the company up nearly 1.5% at about $535 in morning trade
BofA says co faces turbine supply constraints but sees upside from aftermarket strength and possible investment to boost capacity
Notes demand for CAT remains weak, but inventory levels are improving, and it expects pressure on the construction industries segment in late 2025 to ease with more stable revisions in 2026
14 of 28 brokerages rate the stock “buy” or higher, 13 “hold” and 1 “sell”, their median PT is $469.34 - data compiled by LSEG
Stock up 45.4% YTD, as of last close
