Caterpillar price target hiked to $192 at Credit Suisse on upbeat dealer survey

|About: Caterpillar Inc. (CAT)|By:, SA News Editor

Caterpillar's (NYSE:CAT) stock price target is raised to $192 from $155 by Credit Suisse analysts following the firm's survey of CAT dealers.

In the U.S., the dealers say they ended 2017 with a very strong Q4 amid broad-based demand, and they expect positive momentum to continue into 2018.

Overseas, the survey says European demand is higher by mid-single digits and China is expected to rise 20-25% in 2018 despite concerns.

Following the survey, Credit Suisse again raises his EPS estimates for 2018-20 and lifts his price target on CAT shares.

Source: Briefing.com

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