Stocks

BofA Securities Reaffirms Buy Rating on Caterpillar at $989 Target

Guavy AI Editorial Team Published September 28, 2026

Instruments

CAT

BofA Securities analyst Michael Feniger has reaffirmed his 'buy' rating for Caterpillar (CAT.US) and set a target price of $989. This recommendation comes with an impressive track record, as Feniger boasts a success rate of 58.0% over the past year, along with an average return of 7.6%. The analyst's performance is evaluated on a scale of 1 to 5 stars by TipRanks, and Feniger currently holds 4 out of 5 stars.

The 'buy' rating for Caterpillar suggests that BofA Securities is optimistic about the company's future prospects. With Feniger's expertise and impressive credentials, investors may be inclined to take note of this recommendation. However, it's essential to remember that past performance is not a guarantee of future success, and individual results may vary.

BofA Securities Reaffirms Buy Rating on Caterpillar at $989 Target

Yttrium Shortage Exposes US Dependence on Chinese Rare Earth Supplies

Nvidia Rolls Out Double-Layered AI Security System to Prevent Rogue Agents

Honeywell Aerospace Inc. Hit with Class-Action Lawsuit Over Securities Fraud Allegations