Bank of America Upgrades Caterpillar (CAT) Amid Equipment Demand Recovery
Bank of America upgraded Caterpillar (CAT) to $930 from $825, citing broader equipment demand recovery. The firm expects stronger Power & Energy demand and a higher multiple for Caterpillar, despite potential tariff cost pressures. Caterpillar has seen significant YTD gains and is viewed positively by analysts amid improving industrial conditions.
Tickers: $CAT
Topics: Analyst Upgrade Caterpillar Inc. Equipment Demand Recovery Market Outlook Stock Analysis