We recently published 11 stocks on Jim Cramer’s radar. Caterpillar Inc. (NYSE:CAT) is one of the stocks on Jim Cramer’s radar.

Shares of construction and mining equipment maker Caterpillar Inc. (NYSE:CAT) are up 77% over the past year and are up 9.9% year-to-date. Jefferies maintained a buy rating on the stock and raised its price target on the stock to $750 from $700 ahead of the company’s earnings report. The financial firm noted that Caterpillar Inc. (NYSE:CAT) was heading into earnings on a conservative setup as volume trends and margins looked stable. Barclays also boosted its price target on the stock, raising it from $555 to $610 and maintaining an Equal Weight rating. One factor the bank discussed about Caterpillar Inc. (NYSE:CAT) was the relationship of stocks to interest rates, as Barclays pointed out that companies that could benefit from rate cuts were in a favorable position. Cramer has also spoken regularly about Caterpillar Inc. (NYSE:CAT) over the past two months. The CNBC TV host noted that the company has exposure to AI, as it provides equipment used in building data centers. After the favorable comment from analysts, Cramer pointed out that Caterpillar Inc. (NYSE:CAT) could experience headwinds:

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“Yeah, look, I think there’s been, one more number bump, CAT, everybody’s recommending it, that’s because CAT makes engines, like Cummins and Bloom Energy, let’s not forget. BE is real, but very expensive. Which are the engines to make sure your data center doesn’t go down. Umpleby fixed it. Yeah, because I think the number will go up, remember there was a feeling yesterday, with Eaton, which I think is a very good data center, it’s all shortage, and when you see that there is a shortage, look at the rest and look at the western.these can go down and this will allow CAT to go up.

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