This morning, BMO Capital increased its price target on shares of Caterpillar (NYSE:CAT) to $96 as higher demand for mining equipment coupled with increased share buybacks from the company will boost earnings per share. In the report, BMO maintained its market perform rating. Shares of Caterpillar were higher by 1.3% on the news.
Credit Suisse increased its price target on shares of Royal Caribbean (NYSE:RCL) to $53 as demand is on the rise in both Europe and Asia. In the report, Credit Suisse reiterated its outperform rating. Shares of RCL were higher by 3.2% on Tuesday.
And Morgan Stanley upgraded shares of Discover Financial (NYSE:DFS) to an overweight rating as the company is leveraged to higher consumer spending. In the report, Morgan Stanley set a $66 price target. Shares of Discover Financial were higher by 3.1% following the report.
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