On October 6, Caterpillar rose 3.21% in regular trading, trading at $875.55/share, with turnover of $270 million. The move came as Truist lowered its price target on the stock to $1,100 from $1,225 while maintaining a buy rating, indicating that confidence in the company's long-term fundamentals continues to support the share price.

The adjustment follows Caterpillar's recent acquisition of John Fabick Tractor, a long-term Cat dealer. Analysts note the deal marks a key step in strengthening Caterpillar's North American sales and aftermarket service network. Fabick Cat operates 37 locations across Wisconsin and parts of Missouri, Illinois, and Michigan's Upper Peninsula, with more than a century of history serving the region.

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. Its segments include Construction Industries, Resource Industries, Energy & Transportation, Financial Products, and All Other operating segments. The company was founded in 1925 and is headquartered in Irving, Texas.

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