Will These Price Target Upgrades Help Caterpillar (CAT) Stock Today?

NEW YORK (TheStreet) -- Caterpillar  (CAT)

Credit Suisse increased its price target to $119, increased its estimates and set an "outperform" rating. The firm cited the company's new guidance as the reason for the move.

UBS increased its price target to $109 from $106 and set a "neutral" rating. The firm said large and accelerated buyback should provide support or moderate upside for the stock.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

The stock was down 0.49% to $104.53 in pre-market trading on Friday.

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Separately, TheStreet Ratings team rates CATERPILLAR INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate CATERPILLAR INC (CAT) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."

You can view the full analysis from the report here: CAT Ratings Report

CAT Chart CAT data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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