Oppenheimer raises Caterpillar PT as US demand strengthens

Caterpillar

14/04/2026 11:36

** Oppenheimer lifts price target on heavy machinery maker Caterpillar CAT.N to $832 from $817, maintains rating at "outperform"

** New PT represents an upside of 5% from the stock's last close

** Manufacturer's shares up 0.3% at about $794 premarket

** Brokerage says CAT's Atlas deal boosts power backlog visibility and supports long-term earnings confidence as the company expands in power generation and physical AI

** Adds that equipment demand — mixed early in the year — improved in March, led by stronger U.S. construction and mining, even as Europe and Japan remained weak

** 15 of 30 brokerages rate the stock "buy" or higher, 13 "hold" and 2 "sell"; their median PT is $769 - data compiled by LSEG

** As of last close, stock had risen 38.2% YTD

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))