Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Caterpillar (CAT – Research Report) and Honeywell International (HON – Research Report).
Caterpillar (CAT)
Caterpillar received a Hold rating and a $350.00 price target from Stifel Nicolaus analyst Stanley Elliott yesterday. The company’s shares closed last Thursday at $338.00.
According to TipRanks.com, Elliott is a top 25 analyst with an average return of
Currently, the analyst consensus on Caterpillar is a Moderate Buy with an average price target of $340.00, which is a 2.9% upside from current levels. In a report issued on April 15, Morgan Stanley also maintained a Hold rating on the stock with a $327.00 price target.
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Honeywell International (HON)
Goldman Sachs analyst Joe Ritchie maintained a Buy rating on Honeywell International yesterday and set a price target of $228.00. The company’s shares closed last Thursday at $193.02.
According to TipRanks.com, Ritchie is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Honeywell International with a $228.10 average price target, a 14.4% upside from current levels. In a report issued on April 16, Bank of America Securities also maintained a Buy rating on the stock.
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