JPMorgan’s analyst Ann Duignan boosted her target on Caterpillar to $185 from $178. She maintained the Overweight rating after a meeting with the management of the company showing greater visibility. Caterpillar sees a bullish take on mining equipment demand which is heavily weighted on the Chinese market.
STA Research has a average target of $151 target on the stock, and a consensus Buy rating. The technical indicator is slightly bullish.