Analysts Offer Insights on Industrial Goods Companies: Caterpillar (CAT) and Vertiv Holdings (VRT)
There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Caterpillar (CAT – Research Report) and Vertiv Holdings (VRT – Research Report) with bullish sentiments.
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Caterpillar (CAT)
In a report released today, Michael Feniger from Bank of America Securities maintained a Buy rating on Caterpillar. The company’s shares closed last Thursday at $713.42.
According to TipRanks.com, Feniger is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Caterpillar with a $726.31 average price target, which is a 0.9% upside from current levels. In a report issued on February 25, Wells Fargo also maintained a Buy rating on the stock with a $870.00 price target.
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Vertiv Holdings (VRT)
In a report released today, Andrew Obin from Bank of America Securities maintained a Buy rating on Vertiv Holdings. The company’s shares closed last Thursday at $250.99.
According to TipRanks.com, Obin is a top 100 analyst with an average return of
Vertiv Holdings has an analyst consensus of Strong Buy, with a price target consensus of $280.42, a 13.3% upside from current levels. In a report issued on February 19, Barclays also maintained a Buy rating on the stock with a $281.00 price target.
