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What Are Analysts’ Views on Caterpillar ahead of Its Q2 Results?

Peter Neil
What Are Analysts’ Views on Caterpillar ahead of Its Q2 Results?

Since the beginning of 2018, the number of analysts tracking Caterpillar (CAT) has risen from 26 to 27. Among them, 59% of analysts have “buy” recommendations, 33% have “hold” recommendations, and 8% have “sell” recommendations on the stock. Analysts’ consensus estimate for Caterpillar indicates a target price of $170.00, implying a return potential of 21% over its closing price on July 25.