Credit Suisse Raises Price Target on Caterpillar (CAT)

Credit Suisse Raises Price Target on Caterpillar (CAT)


Credit Suisse reported on Tuesday that they have increased their price target on construction and mining equipment manufacturer, Caterpillar Inc.(CAT).

The firm, which currently has an “Outperform” rating on CAT, has raised the company’s price target to $124. This price target suggests a 31% increase from the stock’s current price of $94.63.

Analysts have increased the company’s price target as a result of surveys suggesting that sales forecasts are being met.

Caterpillar shares were mostly flat during premarket trading Tuesday. The stock has declined -7.6% in the past year.

The Bottom Line
Shares of Caterpillar (CAT) have a 2.20% dividend yield, based on last night’s closing stock price of $94.63. The stock has technical support in the $85-$90 price area. If the shares can firm up, we see overhead resistance around the $100-$101 price levels.

Caterpillar Inc.(CAT) is not recommended at this time, holding a DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today