Caterpillar Stock Has 22% Upside, According to 1 Wall Street Analyst
With 61% gains racked up over the last 52 weeks, (NYSE: CAT) shares have outperformed the rest of the S&P 500 by a factor of nearly three -- and one analyst thinks this run's not done.
On Tuesday, JPMorgan's Tami Zakaria set a $435 price target on Caterpillar stock, making her the second-most-optimistic analyst on Wall Street. (Jefferies' Stephen Volkmann, with a $440 target price, has the current Street-high target for Cat.) But what is it about Caterpillar, exactly, that has these analysts lining up to endorse this construction stock?
It's not the economy. In fact, Zakaria writes in a note covered by TheFly.com that "construction data points are mixed." Then again, Caterpillar may not need to produce gee-whiz numbers to prove her right in rating the stock a buy.
Source Fool.com
Caterpillar Inc. Stock
We see a rather positive sentiment for Caterpillar Inc. with 14 Buy predictions and 2 Sell predictions.
At the moment Caterpillar Inc. has reached the predicted target price of 316 €, with a current price of 313.0 €.
