Why Caterpillar Stock Is Climbing Higher Today
Investors waiting eagerly to see what Caterpillar (NYSE: CAT) has to say next month when they report year-end results got a potential preview from another public company. Commentary from United Rentals (NYSE: URI) appears to have lit a fire under shares of Cat, sending shares of the heavy equipment maker up nearly 3% as of 2:30 p.m. ET Thursday.
The stock had been up as much as 4.3% earlier in the day.
Caterpillar has a lot riding on its upcoming earnings report, which is due to be released on Feb. 5. The company's third-quarter report was a disappointment, sending shares crashing down 17% for the month of October. The shares have mostly recovered in the months since, but investors are nervous about what the company will say about the year to come.
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 €.
