Morgan Stanley raised its price target on Caterpillar (NYSE:CAT) to $915 from $430, while upgrading the stock to Equal Weight from Underweight. The dramatic shift, which effectively more than doubles the prior target, reflects what the firm calls “ongoing strong market execution, a robust backlog, and demand growth.” JPMorgan Chase went further, lifting its target ... Morgan Stanley Doubles Caterpillar Price Target to $915: Is This the Most Underrated Industrial of 2026?
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