Form 8-K CATERPILLAR INC For: Oct 30

Go back to Form 8-K CATERPILLAR INC For: Oct 30

Caterpillar (CAT) PT Raised to $350 at DA Davidson

November 1, 2024 5:28 AM EDT

DA Davidson analyst Michael Shlisky raised the price target on Caterpillar (NYSE: CAT) to $350.00 (from $337.00) while maintaining a Neutral rating.

The analyst comments "We are maintaining our NEUTRAL rating on CAT, with a new price target of $350 (from $337) following 3Q:24... More

Caterpillar (CAT) PT Lowered to $454 at Truist Securities

October 30, 2024 4:35 PM EDT

Truist Securities analyst Jamie Cook lowered the price target on Caterpillar (NYSE: CAT) to $454.00 (from $456.00) while maintaining a Buy rating.

The analyst comments "Thoughts Post Call: CATs stock closed down 2% (vs S&P 500 ~flat) after missing 3Q24 consensus EPS by 3% although reporting an in line quarter relative to mgmts expectations. Results also included $0.19 in FX headwinds that were not contemplated in CATs original guide, $0.11 in discrete tax benefits and a $0.24 benefit from share repurchase. Third quarter sales were $16.106B, down 4% y/y, slightly lower than management expectations driven by lower Construction... More