Morgan Stanley analyst Angel Castillo upgrades Caterpillar and lifts price target
Updated
Updated · Bloomberg · May 1
Morgan Stanley analyst Angel Castillo upgrades Caterpillar and lifts price target
11 articles · Updated · Bloomberg · May 1
Castillo raised Caterpillar to equal weight from underweight and more than doubled his target to $915 from $430, previously the lowest in Bloomberg data.
The reversal follows a more than doubling in Caterpillar shares as demand surges for the company’s power-generation equipment tied to AI-driven electricity needs.
The move marks a sharp shift by one of Caterpillar’s most bearish Wall Street analysts, underscoring how AI infrastructure demand is reshaping views on industrial suppliers.
As Wall Street bets on Caterpillar's AI boom, why are company insiders cashing out millions in shares?
Can Caterpillar's supply chain meet the colossal power demand from hyperscalers planning to spend over $1 trillion?
Is Caterpillar's fossil fuel solution for AI's power crisis a temporary fix or a long-term environmental trap?