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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- UBS analyst Steven Fisher upgraded Caterpillar Inc. (NYSE:CAT) to Buy from Neutral and raised the price target to $235 (an upside of 15%) from $232.
- Fisher thinks sentiment on the shares will improve as margins inflect and surprise to the upside during this upcycle. All three of Caterpillar's segments will grow over the next 2-3 years, and falling input costs and the removal of headwinds will create a "strong margin tailwind" for the company during the upcycle, leading to outsized margin performance.
- He thinks "the coming inflection" is not being appropriately recognized by investors.
- Credit Suisse analyst Jamie Cook raised the price target to $240 (an upside of 17.7%) from $239 and maintained an Outperform rating.
- Morgan Stanley analyst Courtney Yakavonis raised the price target to $166 (a downside of 18%) from $165 and maintained an Underweight rating on the shares.
- Price Action: CAT shares closed lower by 0.09% at $203.91 on Friday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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