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'Halftime Report' Traders See Upsides In Caterpillar, General Motors And Honeywell

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Craig Jones
·1 min read
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On CNBC's "Fast Money Halftime Report," Jim Lebenthal spoke about Caterpillar Inc. (NYSE: CAT), which was named as a top pick by JPMorgan Chase & Co. (NYSE: JPM), with an "overweight" rating and a price target of $185.

Lebenthal own the stock and thinks JPMorgan's price target is probably right, as he sees 6% to 8% upside potential in the name. He advised viewers not to stay in Caterpillar for too long, because if you look at its 20-year chart, the stock has distinct periods of long rises followed by fallow periods.

Lebenthal thinks industrials are a great sector to be in right now. He likes General Motors Company (NYSE: GM) and sees the current consolidation period as a great chance to buy.

Jason Snipe owns Honeywell International Inc. (NYSE: HON). He said the stock had a great run recently, and thinks it still has more upside potential.

 

Latest Ratings for CAT

Oct 2020

Stifel

Maintains

Buy

Oct 2020

Morgan Stanley

Maintains

Underweight

Oct 2020

Wells Fargo

Upgrades

Equal-Weight

Overweight

View More Analyst Ratings for CAT
View the Latest Analyst Ratings

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