Wells Fargo Raises Price Target for Caterpillar Amid Strong Demand in Data Center and Energy Sectors

Wells Fargo raised its price target for Caterpillar (CAT) to $1,155 from $1,050 while maintaining an Overweight rating. The firm cited extended lead times for Caterpillar's engines due to strong demand in data center and oil & gas markets through 2029.

By Vardah Gill Thu, June 25, 2026 at 6:37 AM GMT+3 2 min read · Yahoo Finance · June 25, 2026, 03:37 UTC

Tickers: $CAT $WFC

Topics: Caterpillar data center demand energy market price target increase Wells Fargo

Read the full article at Yahoo Finance

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