Analysts Offer Insights on Conglomerates Companies: Caterpillar (NYSE: CAT) and Lear Corp (NYSE: LEA)

By Ryan Adsit

Analysts fell to the sidelines weighing in on Caterpillar (NYSE: CAT) and Lear Corp (NYSE: LEA) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Caterpillar (NYSE: CAT)

RBC Capital analyst Seth Weber reiterated a Hold rating on Caterpillar (NYSE: CAT) on August 27 and set a price target of $120. The company’s shares closed yesterday at $115.07, close to its 52-week high of $116.64.

According to TipRanks.com, Weber is a 5-star analyst with an average return of 13.0% and a 69.6% success rate. Weber covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Mueller Water Products, and Illinois Tool Works.

Caterpillar has an analyst consensus of Moderate Buy, with a price target consensus of $119.33.

Lear Corp (NYSE: LEA)

In a report issued on August 27, Joseph Spak from RBC Capital reiterated a Hold rating on Lear Corp (NYSE: LEA), with a price target of $162. The company’s shares closed yesterday at $144.02.

According to TipRanks.com, Spak is a 5-star analyst with an average return of 12.4% and a 66.7% success rate. Spak covers the Industrial Goods sector, focusing on stocks such as Metaldyne Performance Group, Magna International, and Tenneco Automotive.

Lear Corp has an analyst consensus of Hold, with a price target consensus of $168.

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