StockNews.com initiated coverage on shares of Caterpillar ( NYSE:CAT – Get Rating ) in a research report sent to investors on Thursday. The firm issued a strong-buy rating on the industrial products company's stock. Other analysts also recently issued reports about the company. Stifel Nicolaus increased their price objective on Caterpillar from $273.00 to $275.00 in a research note on Monday, May 1st. Wells Fargo & Company upped their target price on shares of Caterpillar from $228.00 to $240.

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