DA Davidson Lifts Caterpillar Price Target to $650 Citing Datacenter Strength, Keeps Neutral Call
DA Davidson increased its 12-month price target on Caterpillar to $650 from $569 following the company's Q4 2025 earnings, while keeping a Neutral rating. The firm pointed to expected top-line growth across all three business segments in 2026, led by the datacenter business. Despite solid revenue momentum and record quarterly results, DA Davidson a…