Caterpillar, Inc. (CAT) Upgraded by Wells Fargo & Company

Caterpillar, Inc. (NYSE:CAT) was upgraded by analysts at Wells Fargo & Company from a “market perform” rating to an “outperform” rating in a research report issued on Friday. The firm presently has a $118.00 price target on the stock. Wells Fargo & Company’s target price suggests a potential upside of 19.20% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. Barclays PLC boosted their price objective on shares of Caterpillar to $100.00 in a report on Friday. Standpoint Research downgraded shares of Caterpillar from a “hold” rating to a “sell” rating in a research note on Thursday. Longbow Research reaffirmed a “hold” rating on shares of Caterpillar in a research note on Wednesday. Credit Suisse Group reaffirmed an “outperform” rating and issued a $111.00 target price (up from $101.00) on shares of Caterpillar in a research note on Thursday, January 19th. Finally, CLSA reaffirmed an “outperform” rating on shares of Caterpillar in a research note on Tuesday, January 10th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the company. Caterpillar has a consensus rating of “Hold” and a consensus target price of $84.95.

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