Raymond James Initiates Coverage On Caterpillar with Market Perform Rating
Portfolio Pulse from Benzinga Newsdesk
Raymond James has initiated coverage on Caterpillar (NYSE:CAT) with a Market Perform rating, as per analyst Tim Thein.
June 28, 2024 | 12:21 pm
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Raymond James has initiated coverage on Caterpillar with a Market Perform rating, indicating a neutral outlook.
The Market Perform rating suggests that the analyst expects Caterpillar's stock to perform in line with the market. This neutral outlook is unlikely to cause significant short-term price movements.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100