BUZZ-BofA lifts Caterpillar PT on broadening turbine demand** BofA Global Research raises PT on heavy machinery maker Caterpillar CAT.N to $825 from $735, maintains rating at "buy"
** New PT implies 11.2% upside from stock's last close
** BofA says co's turbine demand is now broadening beyond data centers, easing worries about potential overcapacity
** Also adds CAT's power-generation business is witnessing "eye-popping" growth
** Shares of the company marginally up 0.2% at about $744 premarket
** 15 of 30 brokerages rate the stock "buy" or higher, 13 "hold" and 2 "sell"; their median PT is $677- data compiled by LSEG
** In 2025, CAT rose ~57.9%
(Reporting by Apratim Sarkar in Bengaluru)
((Apratim.Sarkar@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.