- Caterpillar's shares have done better than the broader market in 2022 year-to-date, as investors see CAT as a beneficiary of rising commodity prices.
- But I take the view that CAT will fall short of market expectations with its Q1 2022 earnings, taking into account supply chain woes and elevated distribution costs.
- My investment rating for Caterpillar is a Hold; my target price for CAT suggests that the current upside potential for its shares is not sufficiently appealing.
For further details see:
Is Caterpillar Stock A Buy, Sell, Or Hold Ahead Of Upcoming Earnings?