Caterpillar Reports Second-Quarter 2017 Results

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Caterpillar (CAT) PT Raised to $135 at BofA/Merrill Lynch; Reiterates Buy

July 26, 2017 10:02 AM EDT

BofA/Merrill Lynch raised its price target on Caterpillar (NYSE: CAT) to $135.00 (from $120.00) while maintaining a Buy rating. Caterpillars flexible workforce increased by 3,800 employees in Q2, up 30% QoQ, to help meet higher production volumes. Mining demand continues to improve, with orders... More