Comment on Excited About Caterpillar Inc.'s Latest Big Buy Rating? Think Again

Excited About Caterpillar Inc.'s Latest Big Buy Rating? Think Again

Are Caterpillar's dark days over? Image source: Getty Images.Analysts are turning increasingly bullish on Caterpillar Inc. (NYSE: CAT), with the biggest rating upgrade coming from Deutsche Bank: It rated Caterpillar stock a buy with a 12-month price target of $98, or almost 20% upside from current prices. That's huge given that Caterpillar is already up about 20% year to date.

 

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