63 stories mentioning CATUpdated 5d ago
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Caterpillar (CAT) has an average rating of overweight and mean price target of $768.50, according to analysts polled by FactSet.Price: $811.04, Change: $+10.59, Percent Change: +1.32%
The industrial sector likely saw strong demand in the first quarter, despite concerns around the impact of the Iran war, Truist Securities said in a note on Friday.The broader momentum is attributable to improved demand in machinery markets and growth across data centers, aerospace, and heating, ventilation and air conditioning, according to the note."Rising input costs tied to the Iran war are manageable in the short term," Truist analysts, including Jamie Cook, said.While there are worries tied to tariffs, "we would be more concerned about a prolonged war with Iran and the potential macro repercussions," Cook said.Oil prices plunged on Friday after Iran opened the Strait of Hormuz following a ceasefire agreement between Lebanon and Israel. Energy prices have surged following the US-Israel war with Tehran. US President Donald Trump has expressed optimism over the prospects of a deal with Iran ahead of the expiration of a two-week ceasefire between the two sides."We see a positive setup for first-quarter prints across machinery, multi-industry and infrastructure services," Cook wrote.Within the machinery industry, the brokerage maintained 2026 estimates for Deere (DE), AGCO (AGCO) and CNH Industrial (CNH) amid order momentum. Caterpillar (CAT) is expected to deliver another strong quarter, Cook said.Infrastructure service companies AECOM (ACM) and Jacobs (J) must convince investors with sustainable organic growth and margin improvement, though Jacobs is seen posting a solid quarter.Multi industry player Parker-Hannifin (PH) is on track for continued earnings beats and raises, with signs that industrial organic growth is improving, Cook said. AMETEK (AME) is recovering and holds capacity for more deals, according to the research note.AMETEK completed its acquisition of Faro Technologies in 2025.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Ahead of CAT's Q1 print, we maintain our 12-month target at $700 but downgrade our rating on shares to Sell from Hold due to valuation and margin risk. Our target values shares at 25.4x our 2027 EPS view of $27.57 (revised from $27.46; 2026 EPS estimate updated to $22.61 from $23.43), a premium to CAT's historical forward multiple that we believe is warranted given unprecedented demand for power generators. While robust generator demand and safety stockpiling activity of construction/mining equipment is encouraging, we expect tariff impacts to be potentially a greater threat to profitability in 2026 given amended Section 232 tariffs that now apply duties to the full customs value of the products instead of only to the value of the metal inputs (went into effect April 6, 2026). Given CAT's complex and highly stretched global supply chain network, the company is vulnerable to sweeping protectionist trade actions. We see downside risk in shares, as a 160%+ return over the past year carries higher expectations.
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