- The shares of Caterpillar Inc. (NYSE: CAT) have received a $250 price target from UBS. These are the details.
The shares of Caterpillar Inc. (NYSE: CAT) have received a $250 price target from UBS. And UBS analyst Steven Fisher increased the price target on Caterpillar from $235 while maintaining a “Buy” rating on the shares.
Fisher said that the company’s 2023 margin potential is underappreciated with 18% operating margins seen as possible. And Fisher further cited Caterpillar’s steady structural reduction in the cost of goods sold over the past 20 years. Plus Fisher expects elevated shipping and freight costs to have normalized by 2023.
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