BUZZ-Oppenheimer raises Caterpillar target price earnings outlook

Reuters
2025/07/17
BUZZ-Oppenheimer raises Caterpillar target price earnings outlook

** Oppenheimer raise PT on construction and mining equipment maker Caterpillar CAT.N to $483 from $395, an upside of 17% to the stock's last close

** Maintains "outperform" rating

** Brokerage sees co's end-markets showing signs of modest demand recovery, especially residential construction

** Says in the machinery segment, consumer sentiment is shifting towards housing sector

** Further says as tariffs are expected to stay low, and co has room to grow in its engineering and technology division, profits are likely to bouce back and grow in 2026

** 14 of 28 brokerages rate the stock "buy" or higher, 14 "hold" ; median PT is $385.99 - data compiled by LSEG

** As of last close, stock had risen 13.8% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))

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