Caterpillar Inc. (NYSE:CAT) was upgraded by equities researchers at Goldman Sachs from a “sell” rating to a “neutral” rating in a research report issued on Monday, StockTargetPrices.com reports. The brokerage presently has a $78.00 target price on the stock, up from their previous target price of $62.00. Goldman Sachs’ target price would indicate a potential downside of 0.41% from the stock’s current price.
In other news, insider Denise C. Johnson bought 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 12th. The shares were acquired at an average cost of $62.20 per share, with a total value of $217,700.00. Following the completion of the transaction, the insider now directly owns 6,967 shares in the company, valued at $433,347.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Source: American Banking and Market News