Caterpillar Inc. (NYSE:CAT) shares are trading lower by 1.64% at $219.17 Friday afternoon on average volume. It was a quiet week for the industrial giant. JP Morgan analyst Tami Zakaria maintained Caterpillar on Monday with an Overweight and raised the price target from $241 to $257.
Notably, Caterpillar is up 19.9% over the past month. Shares of several companies in the broader industrial space saw strength in March as stocks continue to experience volatility from the Russia-Ukraine conflict, which has weighed on global economic sentiment and lifted oil prices.
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Caterpillar is an iconic manufacturer of heavy equipment, power solutions and locomotives. It is currently the world's largest manufacturer of heavy equipment with over 13% market share in 2021.
Caterpillar has a 52-week high of $246.69 and a 52-week low of $179.67.
