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    CAT — Caterpillar News Story

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    UBS lifts Caterpillar PT on strong energy-led demand

    Picture of Caterpillar logoCaterpillar
    02/06/2026 15:18
    BUZZ-UBS lifts Caterpillar PT on strong energy-led demand 
    ** UBS lifts price target on heavy machinery maker Caterpillar CAT.N to $900 from $677, maintains rating at "neutral"
    ** New PT shows an upside of 4% from the stock's last close
    ** Shares up 2.4% at $886 in early trading
    ** Says strong demand in power & energy is driving co's backlog growth, with improving trends in construction and resource industries
    ** UBS sees limited upside as strong backlog growth and already elevated long-term earnings expectations leave less room for additional surprises, even as U.S. power generation demand remains robust
    ** 16 of 30 brokerages rate the stock "buy" or higher, 13 "hold" and one "sell"; their median PT is $915- data compiled by LSEG
    ** Including session's moves shares up, 54.9% YTD

     (Reporting by Apratim Sarkar in Bengaluru)
     ((Apratim.Sarkar@thomsonreuters.com))

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