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Stock impact report

Jim Cramer Thinks Caterpillar (CAT) Can Go Higher [Yahoo! Finance]

Caterpillar, Inc. (CAT) 
Last caterpillar, inc. earnings: 4/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: caterpillar.com/en/investors.html
Company Research Source: Yahoo! Finance
Construction and mining equipment manufacturer Caterpillar Inc. (NYSE:CAT)'s shares have gained 77% over the past year and are up by 9.9% year-to-date. Jefferies kept a Buy rating on the shares and raised the share price target to $750 from $700 ahead of the firm's earnings report. The financial firm pointed out that Caterpillar Inc. (NYSE:CAT) was heading into its earnings with a conservative setup, as volume trends and margins appeared to be stable. Barclays also bumped up the share price target as it increased it to $610 from $555 and maintained an Equal Weight rating. One factor that the bank discussed about Caterpillar Inc. (NYSE:CAT) was the stock's relation to interest rates as Barclays remarked that firms that could benefit from rate cuts were in a favorable position. Cramer has also regularly discussed Caterpillar Inc. (NYSE:CAT) over the past couple of months. The CNBC TV host has pointed out that the company has exposure to AI as it provides equipment that is used in data Show less Read more
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