Market Overview

'Halftime Report' Traders See Upsides In Caterpillar, General Motors And Honeywell

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On CNBC's "Fast Money Halftime Report," Jim Lebenthal spoke about Caterpillar Inc. (NYSE: CAT), which was named as a top pick by JPMorgan Chase & Co. (NYSE: JPM), with an "overweight" rating and a price target of $185.

Lebenthal own the stock and thinks JPMorgan's price target is probably right, as he sees 6% to 8% upside potential in the name. He advised viewers not to stay in Caterpillar for too long, because if you look at its 20-year chart, the stock has distinct periods of long rises followed by fallow periods.

Lebenthal thinks industrials are a great sector to be in right now. He likes General Motors Company (NYSE: GM) and sees the current consolidation period as a great chance to buy.

Jason Snipe owns Honeywell International Inc. (NYSE: HON). He said the stock had a great run recently, and thinks it still has more upside potential.

 

Latest Ratings for CAT

DateFirmActionFromTo
Feb 2021JP MorganMaintainsOverweight
Feb 2021BMO CapitalMaintainsMarket Perform
Feb 2021Credit SuisseMaintainsOutperform

View More Analyst Ratings for CAT
View the Latest Analyst Ratings

 

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Posted-In: CNBC Fast Money Halftime Report Jim LebenthalUpgrades Analyst Ratings Media Trading Ideas

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