Stocks
Bernstein Reiterates Hold Rating for Caterpillar Amid Mixed Analyst Views
Analyst Chad Dillard from Bernstein has maintained a Hold rating for Caterpillar (CAT) and set a price target of $1,002.00.
Dillard covers stocks in the Industrials sector, including Eaton, Cummins, and Deere, with an average return of 8.0% and a success rate of 61.34% on recommended stocks.
Caterpillar has received mixed ratings from other analysts: Barclays's Adam Seiden gave it a Hold rating, while Bank of America Securities maintained a Buy rating.
The company reported quarterly revenue of $20.54 billion and net profit of $3.59 billion for the quarter ending June 30, compared to $16.57 billion in revenue and $2.18 billion in net profit last year.