UBS Adjusts Price Target on Caterpillar (NYSE:CAT) to $210 From $225
UBS Adjusts Price Target on Caterpillar (NYSE:CAT) to $210 From $225, Maintains Sell Rating.
UBS Adjusts Price Target on Caterpillar (NYSE:CAT) to $210 From $225 Read Post »
Caterpillar
With 2022 sales and revenues of $59.4 billion, Caterpillar Inc. (NYSE:CAT) is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we’ve been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment.
Caterpillar (NYSE:CAT): The U.S. non-residential real estate market is improving with strong construction activity
CEO of Caterpillar (NYSE:CAT): The U.S. non-residential real estate market is improving and construction activity is strong; The Company’s sales and profit position is expected to improve year-on-year. There are still some practical challenges in the supply chain; Chip supply has yet to return to pre-pandemic levels.