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Analysts Are Bullish on These Industrial Goods Stocks: Resideo Technologies (REZI), Caterpillar (CAT)

Tipranks - Thu Feb 26, 5:40AM CST

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Resideo Technologies (REZIResearch Report) and Caterpillar (CATResearch Report) with bullish sentiments.

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Resideo Technologies (REZI)

Morgan Stanley analyst Erik Woodring maintained a Buy rating on Resideo Technologies today and set a price target of $50.00. The company’s shares closed last Tuesday at $35.72.

According to TipRanks.com, Woodring is a 5-star analyst with an average return of 20.8% and a 61.8% success rate. Woodring covers the Technology sector, focusing on stocks such as Ingram Micro Holding Corporation, International Business Machines, and Hewlett Packard Enterprise. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Resideo Technologies with a $50.00 average price target.

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Caterpillar (CAT)

Wells Fargo analyst Jerry Revich maintained a Buy rating on Caterpillar today and set a price target of $870.00. The company’s shares closed last Tuesday at $768.23.

According to TipRanks.com, Revich is a 5-star analyst with an average return of 9.6% and a 58.5% success rate. Revich covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, EquipmentShare.com, Inc., and Manitowoc Company. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Caterpillar with a $726.53 average price target, implying a -3.8% downside from current levels. In a report issued on February 10, Bank of America Securities also maintained a Buy rating on the stock with a $825.00 price target.

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