JP Morgan Maintains Overweight on Caterpillar, Raises Price Target to $320
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tami Zakaria maintains an Overweight rating on Caterpillar (NYSE:CAT) and raises the price target from $315 to $320.
October 16, 2023 | 2:16 pm
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POSITIVE IMPACT
JP Morgan maintains an Overweight rating on Caterpillar and raises the price target from $315 to $320, indicating a positive outlook for the company.
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