Bernstein Reiterates $304 Price Target on Caterpillar (CAT) Amid Power Sector Expansion

Caterpillar Inc. (NYSE:CAT) is one of the 12 stocks that will make you rich in 10 years. On June 20, Bernstein SocGen Group maintained its “Market Perform” rating and $304 price target on Caterpillar (NYSE:CAT) after touring its large engine facility in Indiana. Analysts cited capacity expansion and upcoming growth opportunities as potential profit drivers.

Bernstein Reiterates $304 Price Target on Caterpillar (CAT) Amid Power Sector Expansion

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Caterpillar is seen as well-positioned to benefit from rising global energy demand, with strong cash flows and a 55-year dividend streak. Bernstein highlighted opportunities in data center power, distributed systems, and natural gas operations—areas where Caterpillar is expanding through its Solar Turbines division and Titan 350 engine platform.

Caterpillar Inc. (NYSE:CAT) is a global powerhouse in construction and mining machinery. Its operations are organized into three core segments: Construction Industries, Resource Industries, and Financial Products.

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