JPMorgan analyst Tami Zakaria raised the firm’s price target on Caterpillar (CAT) to $650 from $505 and keeps an Overweight rating on the shares. The firm adjusted targets in the machinery and waste services group ahead of the Q3 reports. The sector has historically underperformed in the three months after the first Federal Reserve rate cut and another escalation of tariffs on Chinese goods should impact Q4 earnings for most companies, the analyst tells investors in a research note. JPMorgan established December 2026 price targets versus December 2025 previously.
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:
- Caterpillar price target raised to $502 from $447 at Bernstein
- M&A News: Caterpillar (CAT) to Buy RPMGlobal in a Daring Mining Tech Push
- Caterpillar price target raised to $506 from $450 at UBS
- Caterpillar’s Strong Market Position and Promising Outlook: A Buy Rating Driven by Solar Subsidiary’s Profitability and Strategic Advantages
- Caterpillar to acquire 100% of RPM for A$5.00 cash per share