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Analysts Offer Insights on Industrial Goods Companies: and Caterpillar (CAT)

There’s a lot to be optimistic about in the Industrial Goods sector as 1 analysts just weighed in on and Caterpillar (CATResearch Report) with bullish sentiments.

Caterpillar (CAT)

In a report issued on May 12, Stephen Volkmann from Jefferies assigned a Buy rating to Caterpillar, with a price target of $260.00. The company’s shares closed last Wednesday at $207.94.

According to TipRanks.com, Volkmann is a 5-star analyst with an average return of 18.3% and a 64.0% success rate. Volkmann covers the Industrial Goods sector, focusing on stocks such as Lennox International, Johnson Controls, and Parker Hannifin.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Caterpillar with a $239.83 average price target, a 12.2% upside from current levels. In a report issued on May 2, Argus Research also maintained a Buy rating on the stock with a $235.00 price target.

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