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Benzinga
Benzinga
Business
Lekha Gupta

Caterpillar Looks To Turbines And Data Centers To Power Future Growth

Caterpillar BofA BofA Securities
Caterpillar, Kuala,Lumpur,,Malaysia,-,January,15,,2019,:,Modern,Hydraulic

Rising energy demands and technological advancements are reshaping the machinery landscape, setting the stage for industry giants to innovate and expand. BofA Securities analyst Michael Feniger raised the price forecast for Caterpillar, Inc. (NYSE:CAT) from $517 to $594, while retaining a Buy rating.

The analyst stated that BofA's latest channel check highlights growing confidence in Caterpillar's turbine opportunity.

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