Why Caterpillar Stock Edged Past the Market Today
Caterpillar(CAT) The Motley Fool·2024-08-08 05:02
The company continues to bask in the afterglow of a significant quarterly earnings beat.One day after it published earnings that pleased investors, Caterpillar (CAT -0.20%) got some love from analysts, too. Wednesday saw a clutch of them raise their price targets on the sturdy industrial stock, moves that helped keep its share price more or less level while the S&P 500 index closed nearly 0.8% lower.Bottom-line blastCaterpillar crushed analyst profitability estimates for its second quarter, delivering a per ...