Caterpillar Inc is trading 3.3% up at $987.51 after JPMorgan Chase & Co raised its price target and reaffirmed an overweight rating, reinforcing recent bullish sentiment around the stock.
- The upgrade is driven by strong demand for the company’s power generation equipment, specifically for use in AI data centers.
- The move extends a multi-session rebound for the stock, supported by a broadly positive equity tape as major U.S. indices also trade higher.