Caterpillar Reports Third-Quarter 2021 Results

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UBS Upgrades Caterpillar (CAT) to Buy

October 29, 2021 3:57 AM EDT

UBS analyst Steven Fisher upgraded Caterpillar (NYSE: CAT) from Neutral to Buy with a price target of $235.00 (from $232.00).

The analyst comments "We upgrade CAT to Buy, from Neutral. We think sentiment on the stock will improve as margins inflect and surprise to the upside during this upcycle. Margin and stock... More