Analysts Remain Mixed on Caterpillar (CAT) Amid Power-Generation Equipment Agreement with Atlas Energy

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Analyst sentiment on Caterpillar Inc. (CAT) is mixed, with about 40% holding mixed views, despite a consensus price target suggesting a 15% upside. This mixed outlook comes even as Atlas Energy agreed to purchase $840 million worth of Caterpillar power-generation equipment through 2029, covering 1.4 gigawatts of natural gas capacity. The agreement positions Caterpillar to benefit from long-cycle infrastructure investments driven by increasing U.S. electricity demand.

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