🟢 Caterpillar is trading 3.5% up today after Oppenheimer reiterates Outperform rating on AI data center demand

Caterpillar is trading at $809.89 (3.5% up) in pre-market, rebounding after two sharp down days and broader risk-off market moves.

• Oppenheimer reiterated its Outperform rating with a $1,105 price target, citing strong demand related to AI data center infrastructure.
• Analysts highlighted an attractive risk/reward profile as investors reassess infrastructure spending amid recent semiconductor volatility.
• The move appears driven by company-specific catalysts and macro sentiment rather than broader moves in other asset classes like crypto.