Caterpillar Stock (CAT): $240 Price Target From Bernstein

By Amit Chowdhry ● Dec 27, 2021
  • The shares of Caterpillar Inc. (NYSE: CAT) have received a price target of $240 from Bernstein. These are the details.

The shares of Caterpillar Inc. (NYSE: CAT) have received a price target of $240 from Bernstein. And Bernstein analyst Chad Dillard upgraded Caterpillar an “Outperform” rating from a “Market Perform” rating.

Dillard noted that the concerns about the end of the machinery cycle next year are overdone. And Dillard added that expectations for Caterpillar are low and that it is an earlier cycle stock in a mid-cycle sector. 

Plus Dillard pointed out that Caterpillar should be the biggest beneficiary of the looser monetary policy in China.

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