JPMorgan Reiterates Overweight Rating on Caterpillar (CAT) into earnings

JPMorgan analyst Tami Zakaria reiterated an Overweight rating and $275.00 price target on Caterpillar (NYSE: CAT) into earnings.

"Expect Earnings Upside & Positive 2Q Outlook Against Negative Investor Sentiment."

"Sentiment understandably bearish on the bellwether cyclical stock; we remain contrarian bull as we believe tailwinds likely to outweigh headwinds."

For an analyst ratings summary and ratings history on Caterpillar click here. For more ratings news on Caterpillar click here.

Shares of Caterpillar closed at $220.27 yesterday.

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