Jim Cramer Shares Big Data Center Catalyst For Caterpillar (CAT)
π Upgrades lift Caterpillar and Corning targets citing energy and data center demand.
π» Jim Cramer favors Corning's glass tech and Intel under new CEO leadership.
π Analysts trim Conagra coverage due to inflation, portfolio concerns, and stock decline.
π Bank of America raised Caterpillar's price target to $930, citing potential benefits from its Power & Energy business by 2027 despite tariff pressures.
π° Truist also upgraded Caterpillar to a $920 price target with a Buy rating, noting that first-quarter earnings could be strong.
β‘ Jim Cramer identified Caterpillar as a key catalyst for data centers, explaining that stringing engines can generate gigawatts of power needed by AI infrastructure.
π Conagra Brands has fallen 42% over the past year and 17.5% year-to-date due to concerns over brand portfolio size and inflation pressures.
βοΈ BTIG initiated Neutral coverage on Conagra, while BNP Paribas downgraded it to Neutral from Outperform and cut the price target to $16.
π² Jim Cramer predicted that packaged goods companies must consolidate, citing high yields and a lack of consumer trust in current offerings.
π¬ Corning is favored by Jim Cramer as a top data center stock due to its strategy of replacing copper with glass in computing facilities.
π Bank of America raised Corning's price target to $186, expecting earnings of $9.49 per share by 2030 and maintaining a Buy rating.
π» Morgan Stanley upgraded Corning's target to $140 with an Equal Weight rating, noting sustained sector enthusiasm including Jensen Huang's stakes.
π Jim Cramer highlighted Corning's fiber technology as a winner for the future, referencing his own charitable trust holding and Nvidia CEO Jensen Huang's investments.
πΎ Intel has been a top pick for Jim Cramer since CEO Lip-Bu Tan took over in 2025, with praise for his skillset to turn the company around.
π Analyst coverage for Intel was cut off in the provided text, so specific target changes or ratings from April are not included in this summary.
- Bank of America raised its share price target for Caterpillar (NYSE:CAT) to $930 from $825 and maintained a Buy rating, highlighting strong potential in its Power & Energy business.
- Truist also increased the share price target to $920 from $786 with a Buy rating, citing favorable first-quarter earnings expectations for the broader industrial machinery sector.
- Jim Cramer predicts Caterpillar will have an excellent quarter due to its ability to power data centers by stringing together thousands of engines tied to EQT, creating gigawatt-scale capacity.
- Bank of America increased its share price target for Corning Incorporated (NYSE:GLW) to $186 from $155 with a Buy rating, expecting earnings per share of $9.49 in calendar year 2030.
- Morgan Stanley raised its price target for Corning to $140 and maintained an Equal Weight rating, noting sustained enthusiasm for the sector.
- Jim Cramer holds Corning as a favorite data center stock, praising its strategic shift to replace copper with glass in large-scale computing facilities and citing its close relationship with Apple.
- Intel Corporation (NASDAQ:INTC) continues to be praised by Jim Cramer as a top stock following the leadership of CEO Lip-Bu Tan, who possesses the skillset to turn the company around.
- Bank of America warned that Caterpillar could face significant pressure from tariff-induced costs in its fiscal year 2027 projections.
- BTIG initiated coverage on Conagra Brands with a Neutral rating, citing concerns about the company suffering from a large brand portfolio as a potential liability.
- BNP Paribas downgraded Conagra Brands to Neutral from Outperform and cut its price target significantly to $16 from $19, reflecting growing analyst skepticism.
- The stock for Conagra Brands has underperformed significantly, with shares down 42% over the past year and 17.5% year-to-date, indicating persistent market weakness.
- Analysts note that consumers are increasingly pressured by inflation, creating a challenging environment for packaged food companies to maintain growth.
- The article explicitly states that certain AI stocks offer greater upside potential while carrying less downside risk than the highlighted industrial and manufacturing names.