HSBC elevates
Caterpillar (CAT) to Buy and increases their price target to $660 due to a robust power demand.
Thoroughbred Financial Services LLC offloads 3,548 shares of Caterpillar while
Paragon Capital Management LLC bought 2,600 shares. Caterpillar exposes impressive third-quarter results that could significantly shape its investment narrative coupled with insider stock selling. Various firms, including
Truist and
Citi, raise the price target of CAT.
Intech Investment Management LLC and several other financial entities have made sizeable investments in Caterpillar. Analysts at
Wells Fargo initiate coverage on Caterpillar. CAT's new HD 325 Excavator, suitable for heavy-duty work on uneven terrain, is introduced. Furthermore,
Caterpillar's performance in China and Indonesia is recognized. The company proclaims investments in U.S. manufacturing and future workforce skills training. Caterpillar's recent
earnings announcement leads to fluctuations in the stock, with
Jim Cramer suggesting Caterpillar is 'levered' to the data center. Several financial institutions gradually lower their shares in CAT, while others grow. Despite slight margin decline, CAT sees financial growth, solid 2025 outlook, and marked positive sentiments among investors. Coupled with a strong third-quarter report, Caterpillar finalizes a long-term strategic agreement with
Hunt Energy Company, L.P., focusing on data center power solutions. Caterpillar eventually takes on a new leadership with
Joe Creed elected as CEO.
Caterpillar CAT News Analytics from Thu, 30 Jan 2025 08:00:00 GMT to Sat, 15 Nov 2025 16:01:09 GMT -
Rating 8
- Innovation 5
- Information 9
- Rumor -4
