Credit Suisse Reaffirms Their Buy Rating on Caterpillar (CAT)
Credit Suisse analyst Jamie Cook maintained a Buy rating on Caterpillar (CAT) yesterday and set a price target of $173. The company’s shares closed yesterday at $133.10.
According to TipRanks.com, Cook is a 4-star analyst with an average return of 6.0% and a 57.1% success rate. Cook covers the Basic Materials sector, focusing on stocks such as Aecom Technology Corp, Jacobs Engineering, and Fluor Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Caterpillar with a $155.38 average price target, implying a 16.7% upside from current levels. In a report issued on January 29, Morgan Stanley also maintained a Buy rating on the stock with a $160 price target.
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The company has a one-year high of $164.60 and a one-year low of $112.06. Currently, Caterpillar has an average volume of 5.41M.
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Caterpillar, Inc. engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.