Stocks
Freedom Capital Markets Initiates Buy Rating on Caterpillar Stock
A financial analyst from Freedom Capital Markets has initiated coverage of Caterpillar (CAT.US) with a buy rating. Sergey Glinyanov, the analyst behind this decision, sets a target price of $980 for the company's stock. According to data provided by TipRanks, Glinyanov has a success rate of 56.5% and an average return of 18.3% over the past year.
TipRanks is a third-party service that tracks financial analysts' performance and provides analysis data. It uses a virtual portfolio to calculate returns based on analysts' ratings. The success rate mentioned by TipRanks refers to the number of successful ratings made by Glinyanov, divided by his total number of ratings over the past year.