JP Morgan Maintains Overweight on Caterpillar, Raises Price Target to $500
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tami Zakaria maintains an Overweight rating on Caterpillar and raises the price target from $435 to $500.
October 14, 2024 | 2:39 pm
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JP Morgan has maintained its Overweight rating on Caterpillar and increased the price target from $435 to $500, indicating a positive outlook on the stock.
The increase in price target from $435 to $500 by JP Morgan suggests a strong positive outlook for Caterpillar's stock. The Overweight rating indicates that the analyst expects the stock to outperform the average total return of stocks in the analyst's coverage universe. This is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100