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.
Source: American Banking and Market News
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