** Truist Securities raises the price target on construction and mining equipment maker Caterpillar CAT.N to $414 from $396
** New PT is a premium of 14.8% from last close
** Brokerage reiterates 'buy' rating
** Says the company’s earnings and margins are expected to stay strong this quarter, supported by steady demand from the energy sector, a large order backlog, rising aftermarket parts sales, and increased spending from oil and gas clients
** Truist raise 2026 EPS forecast to $24.50 from $24.40
** Shares are up 1% at $365 in early trade
** 13 of 28 brokerages rate the stock "buy" or higher, 15 "hold"; their median PT is $376.50- data compiled by LSEG
** Including session moves, shares up nearly 1% YTD
(Reporting by Apratim Sarkar)
((Apratim.Sarkar@thomsonreuters.com))
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