JPMorgan Reiterates Overweight Rating on Caterpillar (CAT) into earnings

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Caterpillar (CAT) earnings upside expected by JPMorgan analyst

April 24, 2023 8:24 AM EDT

JPMorgan expects earnings upside and a positive second-quarter outlook against negative investor sentiment for Caterpillar (NYSE: CAT) when it reports its first-quarter earnings before the open on Thursday, April 27.

Analyst Tami Zakaria maintained a $275 price target and Overweight rating on CAT in a note to clients on Monday, telling investors that while sentiment is... More