D.A. Davidson raises Caterpillar PT on consistent long-term strategy
ReutersMay 8, 2025 1:44 PM
D.A. Davidson raises construction equipment manufacturer Caterpillar's CAT.N PT to $331 from $325, a premium of 3.3% to the stock's last close
Says end markets remain mixed this year, with data centres remaining strong but parts of non-residential construction and turbines a bit weaker
Says new CEO Joe Creed likely to stay the strategic course, most of the co's recent success was under Creed
Shares up 1% at $323
Maintains 'neutral' rating on the shares
12 of 28 brokerages rate the stock "buy" or higher, 15 "hold" and 1 "sell"; their median PT is $373.50 - LSEG
Including session's moves, shares down 10.7% YTD
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