HSBC analyst Helen Fang raised the firm’s price target on Caterpillar to $360 from $330 and keeps a Hold rating on the shares post the Q1 report. The analyst thinks Caterpillar is fairly valued with a mixed outlook.
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Read More on CAT:
- Caterpillar price target raised to $340 from $338 at TD Cowen
- Caterpillar downgraded to Hold from Buy at Stifel
- CAT Earnings: Caterpillar Drops After Q1 Revenues Fall Short of Estimates
- Caterpillar backs FY24 revenue view broadly similar to FY23, consensus $67.48B
- Caterpillar sees Q2 sales lower than 2Q23, consensus $17.23B
