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Benzinga
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These Analysts Raise Their Forecasts On Caterpillar Following Better-Than-Expected Q3 Results

1. Caterpillar’s Q3 results exceeded expectations with $17.64 billion in sales. 2. Adjusted EPS of $4.95 topped estimates but fell from last year's $5.17. 3. CEO cites strong performance driven by resilient demand across segments. 4. Analysts raised price targets; some maintained 'Buy' ratings. 5. Company expects modest revenue growth in 2025.

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FAQ

Why Bullish?

Caterpillar's strong earnings, exceeding forecasts, reflect solid demand and operational efficiency.

How important is it?

The article highlights strong financial performance and analyst confidence, which directly impacts CAT’s stock prospects.

Why Short Term?

Analyst upgrades and positive sentiment are likely to influence the stock price shortly.

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