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Analysts Offer Insights on Industrial Goods Companies: Caterpillar (CAT) and TopBuild (BLD)

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Caterpillar (CATResearch Report) and TopBuild (BLDResearch Report) with bullish sentiments.

Caterpillar (CAT)

Bank of America Securities analyst Michael Feniger maintained a Buy rating on Caterpillar today and set a price target of $363.00. The company’s shares closed last Wednesday at $341.52, close to its 52-week high of $344.50.

According to TipRanks.com, Feniger is a 5-star analyst with an average return of 13.4% and a 65.0% success rate. Feniger covers the Industrial Goods sector, focusing on stocks such as Construction Partners, GFL Environmental, and Republic Services.

Caterpillar has an analyst consensus of Moderate Buy, with a price target consensus of $325.56.

See the top stocks recommended by analysts >>

TopBuild (BLD)

In a report released today, Rafe Jadrosich from Bank of America Securities reiterated a Buy rating on TopBuild, with a price target of $475.00. The company’s shares closed last Wednesday at $411.50, close to its 52-week high of $421.75.

According to TipRanks.com, Jadrosich is a 5-star analyst with an average return of 14.9% and a 63.2% success rate. Jadrosich covers the NA sector, focusing on stocks such as Patrick Industries, Toll Brothers, and PulteGroup.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for TopBuild with a $444.17 average price target, which is a 9.1% upside from current levels. In a report issued on March 5, D.A. Davidson also initiated coverage with a Buy rating on the stock.

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Read More on CAT:

Truist התחילו לכסות את Caterpillar, ונתנו לה דירוג של קנייה תוך קביעת מחיר יעד של 390 דולר

האנליסט חושב ש-Caterpillar תרוויח רבות מההוצאה הממשלתית על תשתיות ומהמעבר לאנרגיה מתחדשת, עם שיפור בכל אזורי העסק העיקריים שלה. הפירמה חוזה ש-2025 תהיה שנה בה רווחי Caterpillar יאיצו וגדילה תיראה