Barclays raised the firm’s price target on Caterpillar (CAT) to $383 from $335 and keeps an Equal Weight rating on the shares as part of a Q2 preview for the machinery and construction group. The firm sees a high bar for the sector after a quarter of share outperformance. Investors are skewed away from aggregates and agriculture and more positive on machinery and construction, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CAT:
- BKNG, TSMC, and CAT: The 3 Stocks Immune to This Year’s Market Volatility
- Caterpillar price target raised to $483 from $395 at Oppenheimer
- Senate Claws Back $9 Billion in Aid and Media Spending. Which Stocks Are in the Firing Line?
- China’s Exports Surge Past Forecasts as U.S. Tariff Truce Fuels Trade Rally
- Caterpillar price target raised to $432 from $304 at Bernstein