Caterpillar Stock Soars to Record High After $650 Upgrade and Strategic Deals
Caterpillar shares surged nearly 5% Tuesday to a record $528 after JPMorgan raised its price target to $650. The rally follows news of a $1.1 billion RPMGlobal acquisition and major data center power deals. Year-to-date, CAT is up 38%, far outpacing the S&P 500. The company reports Q3 earnings November 4.