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

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Caterpillar (CATResearch Report) and Fluor (FLRResearch Report) with bullish sentiments.

Caterpillar (CAT)

Robert W. Baird analyst Mircea Dobre maintained a Buy rating on Caterpillar on May 17 and set a price target of $280.00. The company’s shares closed last Wednesday at $207.94.

According to TipRanks.com, Dobre is a 5-star analyst with an average return of 13.0% and a 50.9% success rate. Dobre covers the Industrial Goods sector, focusing on stocks such as Mayville Engineering Company, Lincoln Electric Holdings, and John Bean Technologies.

Currently, the analyst consensus on Caterpillar is a Moderate Buy with an average price target of $239.83, 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.

See the top stocks recommended by analysts >>

Fluor (FLR)

Robert W. Baird analyst Andrew Wittmann maintained a Buy rating on Fluor on May 17 and set a price target of $32.00. The company’s shares closed last Wednesday at $25.96.

According to TipRanks.com, Wittmann is a 5-star analyst with an average return of 14.0% and a 59.9% success rate. Wittmann covers the Industrial Goods sector, focusing on stocks such as Concrete Pumping Holdings, Construction Partners, and Jacobs Engineering.

The word on The Street in general, suggests a Hold analyst consensus rating for Fluor with a $27.50 average price target.

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