Caterpillar Is 'Holding The Line' On Earnings, Despite Macro Slowdown: Analyst Takeaways From Q2 Results
Caterpillar(CAT) Benzinga·2024-08-08 02:08
Caterpillar Inc. CAT shares are climbing on Wednesday, after the company reported strong second-quarter results.The results came amid an exciting earnings season. Here are some key analyst takeaways.BofA Securities On CaterpillarAnalyst Michael Feniger reiterated a Buy rating while reducing the price target from $385 to $376.Caterpillar reported better-than-expected second-quarter results, "demonstrating a higher/resilient EPS profile in a gloomy macro," Feniger said in a note. Adjusted earnings came in at ...