Analysts upgrade Caterpillar and Deere, price targets increase, bullish trend in industrial sector.

From NASDAQ.: 2024-10-14 09:12:00

Analysts have upgraded stocks like Caterpillar Inc. and Deere & Co., with price target increases. Both companies are trading near 52-week highs and are in the industrial sector, which is in a bullish trend. Regardless of election results, infrastructure spending will benefit companies like Caterpillar and Deere, especially in areas like electric infrastructure and home construction. Caterpillar stock is approaching a significant technical marker, with significant gains already in 2024. On the other hand, Deere is facing challenges from political pressures and a longer replacement cycle for agricultural products, which may impact its upcoming earnings report in November.



Read more at NASDAQ.:: Caterpillar and Deere Get Analyst Upgrades, Could Move Higher