JP Morgan Maintains Overweight on Caterpillar, Raises Price Target to $435
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tami Zakaria maintains an Overweight rating on Caterpillar (NYSE:CAT) and raises the price target from $385 to $435, indicating a positive outlook on the company's stock.
April 16, 2024 | 1:33 pm
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JP Morgan analyst Tami Zakaria maintains an Overweight rating on Caterpillar and raises the price target from $385 to $435.
The increase in price target by a reputable analyst like Tami Zakaria from JP Morgan suggests a strong bullish sentiment towards Caterpillar's stock. This is likely to positively influence investor perception and could lead to a short-term increase in stock price, as market participants often react to such analyst upgrades.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100