Caterpillar’s Investor Day Review
<p>Oppenheimer analysts shared their views on <a href='https://financialmodelingprep.com/financial-summary/CAT'>Caterpillar Inc. (NYSE:CAT)</a> following the company’s 2022 Investor Day, which highlighted its positioning for levers of thematic growth tied to digitalization, autonomy, and the energy transition. </p>
<p>The analysts view the financial outlook as relatively light (reiterated 2019 ME&T framework targets, new $15 billion share repurchase authorization). They provided the following key takeaways from the event: (1) support for the commodities-driven bull thesis, with EV adoption a long-term demand driver, (2) indicators of inflecting autonomy adoption, and (3) proof points of the company’s ability to grow wallet share in parts/services for a growing connected asset base. </p>
<p>According to the analysts, the company’s diversified-portfolio approach to the energy transition and the addition of sustainability as a growth focus may provide long-term investors some incremental comfort.</p>

NYSE:CAT