Caterpillar (CAT) Receives a Buy from Jefferies
Jefferies analyst Stephen Volkmann maintained a Buy rating on
Caterpillar (CAT – Research Report) on July 15 and set a price
target of $260.00. The company's shares closed last Thursday at
$180.99. According to TipRanks.com, Volkmann is a 5-star analyst
with an average return of 16.7% and a 61.9% success rate. Volkmann
covers the Industrial Goods sector, focusing on stocks such as
Lennox International, Illinois Tool Works, and Trane Technologies.
Currently, the analyst consensus on Caterpillar is a Moderate Buy
with an average price target of $223.63, implying a 25.3% upside
from current levels.
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