Caterpillar shares surge for seven consecutive sessions
Caterpillar (CAT) shares rose 3.4% to $1,019.68, marking seven consecutive days of gains and a 75% year-to-date surge. The rally was driven by broader industrial stock strength and optimism regarding a US-Iran peace deal. Additionally, Caterpillar increased its quarterly dividend by 7.9%. Analyst sentiment is mixed; Seeking Alpha rates it a Hold with an A+ profitability score but C+ valuation, while Wall Street analysts are more bullish with 15 Buy ratings versus 11 Holds.
