Caterpillar is trading 3.2% up at $808.05 as the stock rebounds from two sharp down sessions, bolstered by a supportive analyst call.
- Oppenheimer reiterated its Outperform rating and $1,105 price target, highlighting strong demand for equipment tied to AI data center infrastructure.
- Broader U.S. market gains are reinforcing the recovery for the industrial giant, which has recently emerged as a key beneficiary of AI-related infrastructure spending.