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Analysts Offer Insights on Industrial Goods Companies: Valmont (VMI) and Caterpillar (CAT)

Tipranks - Tipranks - Wed Jun 24, 7:32AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Valmont (VMI) and Caterpillar (CAT) with bullish sentiments.

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Valmont (VMI)

In a report released yesterday, Tomohiko Sano from J.P. Morgan maintained a Buy rating on Valmont, with a price target of $600.00. The company’s shares closed last Monday at $583.00.

According to TipRanks.com, Sano is a 3-star analyst with an average return of 2.1% and a 45.6% success rate. Sano covers the Industrial Goods sector, focusing on stocks such as A. O. Smith Corporation, Bowman Consulting Group, and Hammond Power Solutions. ;'>

Currently, the analyst consensus on Valmont is a Strong Buy with an average price target of $615.00, a 7.3% upside from current levels. In a report issued on June 17, Stifel Nicolaus also maintained a Buy rating on the stock with a $645.00 price target.

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Caterpillar (CAT)

J.P. Morgan analyst Tami Zakaria maintained a Buy rating on Caterpillar yesterday and set a price target of $1165.00. The company’s shares closed last Monday at $1022.28.

According to TipRanks.com, Zakaria is a 5-star analyst with an average return of 11.0% and a 57.4% success rate. Zakaria covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Custom Truck One Source, and Illinois Tool Works. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Caterpillar with a $991.94 average price target, a -0.7% downside from current levels. In a report issued on June 12, Bank of America Securities also maintained a Buy rating on the stock with a $989.00 price target.

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