Citi raised the firm’s price target on Caterpillar (CAT) to $430 from $420 and keeps a Buy rating on the shares post the Q4 report. Caterpillar remains Citi’s preferred way to play a potential bottoming in global construction and mining sales in 2025, and expects a reacceleration in U.S0 construction spend in 2026 and 2027, the analyst tells investors in a research note.
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