JP Morgan Maintains Overweight on Caterpillar, Raises Price Target to $315
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Tami Zakaria maintains an Overweight rating on Caterpillar (NYSE:CAT) and raises the price target from $275 to $315.
August 04, 2023 | 11:47 am
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POSITIVE IMPACT
JP Morgan maintains an Overweight rating on Caterpillar and raises the price target from $275 to $315, which could lead to a positive impact on the stock.
The raised price target by JP Morgan indicates a positive outlook for Caterpillar. This could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100