2 Wall Street Analysts Share Differing Views on Caterpillar Stock. Who Is Right?
Caterpillar(CAT) The Motley Fool·2024-04-17 13:23The bull and bear debate over the cyclical stock rages on.Caterpillar (CAT -1.11%) is a cyclical stock, meaning its revenue, profit margin, profits, and cash flow tend to ebb and flow along with the economy. Its earnings can overshoot expectations when the economy is in growth mode and undershoot them when it is slowing.Recently, two heavyweight analysts published opposing views regarding the stock. Morgan Stanley's analyst set a new price target is $327 with an equal weight rating, while J.P. Morgan's new ...