Evercore Turns More Bullish on Caterpillar (CAT) with $1,103 Price Target
Key takeaways
- Evercore Turns More Bullish on Caterpillar (CAT) with $1,103 Price Target Vardah Gill Fri, May 22, 2026 at 9:36 PM GMT+7 2 min read CAT Caterpillar Inc.
- On May 11, Evercore ISI analyst David Raso raised the price recommendation on Caterpillar Inc.
- During the company’s Q1 2026 earnings call, Chairman and CEO Creed said Caterpillar now expected full-year 2026 sales and revenue growth in the low double digits.
Evercore Turns More Bullish on Caterpillar (CAT) with $1,103 Price Target Vardah Gill Fri, May 22, 2026 at 9:36 PM GMT+7 2 min read CAT Caterpillar Inc. (NYSE:CAT) is included among the 10 High Quality Stocks to Buy According to Hedge Funds.
On May 11, Evercore ISI analyst David Raso raised the price recommendation on Caterpillar Inc. (NYSE:CAT) to $1,103 from $878. The analyst reiterated an Outperform rating on the stock.
During the company’s Q1 2026 earnings call, Chairman and CEO Creed said Caterpillar now expected full-year 2026 sales and revenue growth in the low double digits. He also said the company was not expecting any material impact on its 2026 outlook at this stage, even with ongoing geopolitical uncertainty and higher energy prices.