What is Morgan Stanley's price target for CAT?

Morgan Stanley's latest stated price target for Caterpillar Inc. (CAT) is $915, from its action on May 1, 2026.

What is Morgan Stanley's rating on CAT?

Morgan Stanley rates CAT Equal-Weight, a neutral rating, as of May 1, 2026.

When did Morgan Stanley last change its view on CAT?

On May 1, 2026, Morgan Stanley upgrades to Equal-Weight from Underweight, price target $915.

Morgan Stanley CAT price target and rating history

Morgan Stanley rates Caterpillar Inc. (CAT) Equal-Weight with a $915 price target, as of its latest action on May 1, 2026. It has published 8 rating actions on CAT since October 2021, including 2 upgrades and 2 downgrades.

Current rating: Equal-Weight
Price target: $915
Median target, all firms: Too few
Actions on CAT: 8

Morgan Stanley price target on CAT

Morgan Stanley price target on CAT, each point a stated target, October 2021 to May 2026.

Every Morgan Stanley rating on CAT

May 1, 2026
UpgradeMorgan Stanley upgrades to Equal-Weight from Underweight, price target $915
Aug 7, 2025
DowngradeMorgan Stanley downgrades to Underweight from Equal-Weight, price target $350
Apr 16, 2025
UpgradeMorgan Stanley upgrades to Equal-Weight from Underweight, price target $283
Oct 14, 2024
DowngradeMorgan Stanley downgrades to Underweight from Equal-Weight, price target $349 to $332
Jan 8, 2024
InitiateMorgan Stanley starts coverage at Equal-Weight, price target $270
Dec 9, 2021
ReiterateMorgan Stanley cuts its price target to $164 from $166, keeps Underweight
Oct 29, 2021
ReiterateMorgan Stanley raises its price target to $166 from $165, keeps Underweight
Oct 13, 2021
ReiterateMorgan Stanley cuts its price target to $165 from $172, keeps Underweight

How other firms rate CAT

Each firm's latest rating and stated target in the last 12 months.

Firm	Rating	Price target	Date
Robert W. Baird	Neutral	$900	Jul 29, 2026
Erste Group	Hold		Jul 27, 2026
Morgan Stanley	Equal-Weight	$915	May 1, 2026

Questions about Morgan Stanley and CAT

What is Morgan Stanley's price target for CAT?: Morgan Stanley's latest stated price target for Caterpillar Inc. (CAT) is $915, from its action on May 1, 2026.
What is Morgan Stanley's rating on CAT?: Morgan Stanley rates CAT Equal-Weight, a neutral rating, as of May 1, 2026.
When did Morgan Stanley last change its view on CAT?: On May 1, 2026, Morgan Stanley upgrades to Equal-Weight from Underweight, price target $915.

More CAT rating histories

All Morgan Stanley ratings CAT news and filings Every analyst firm

From rating actions in the Quantisnow feed. A target holds until the firm states a new one; a reiteration with no target keeps the last one. Not investment advice.