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One Analyst Says There Is a Bottom to Be Found With Caterpillar

August 2, 2023
in Trade Tube
Reading Time: 1 min read
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After Caterpillar’s (CAT) fall, one analyst sees a bottom; plus, targets are lifted on Whole Foods (WFM) and Dupont (DD) in Tuesday’s Analysts’ Actions. Analysts at JP Morgan are raising Caterpillar’s target to NEUTRAL from UNDERWEIGHT. The analysts there say although the company delivered disappointing earnings, the downside is priced in for now. Whole Foods is getting a price target increase to $62/share from analysts at Oppenheimer, from $55/share. Analysts say the company has attractive upside potential. Dupont is expected to make dividends for shareholders, and analysts are Deutsche Bank say there are already substantial cost savings underway at the company as it aims to rebound.

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