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Stock impact report

Citi Boosts Caterpillar (CAT) Price Objective, Sees Strong U.S. Construction Activity [Yahoo! Finance]

Caterpillar, Inc. (CAT) 
Last caterpillar, inc. earnings: 4/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: caterpillar.com/en/investors.html
Company Research Source: Yahoo! Finance
Caterpillar Inc. (NYSE: CAT ) is included among the 14 Best American Dividend Stocks to Invest in Citi Boosts Caterpillar (CAT) Price Objective, Sees Strong U.S. Construction Activity On March 9, Citi raised its price recommendation on Caterpillar Inc. (NYSE:CAT) to $785 from $760. It reiterated a Buy rating on the shares. The firm said the ConExpo construction trade show pointed to healthy demand trends, with a “significant pipeline of mega projects.” Citi also noted a positive outlook for the equipment rental space. The firm upgraded Terex and moved Alliance Laundry to its top sector pick. Analysts said they continue to see strong prospects for U.S. construction activity. On March 10, Reuters reported that Atlas Energy had signed a deal with Caterpillar to secure about $840 million worth of power-generation equipment through 2029. The move is aimed at locking in manufacturing capacity as electricity demand in the US continues to rise. Power consumption in the U.S. is expected Show less Read more
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