Morgan Stanley raised its price target on Caterpillar to $915 from $430 and upgraded the stock to Equal Weight from Underweight. The move signals a more constructive view on Caterpillar’s fundamentals and valuation, though it remains a single-analyst rating change rather than company-specific operating news.
Morgan Stanley raised its price target on Caterpillar to $915 from $430 and upgraded the stock to Equal Weight from Underweight. The move signals a more constructive view on Caterpillar’s fundamentals and valuation, though it remains a single-analyst rating change rather than company-specific operating news.
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mildly positive
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