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Caterpillar upgraded to 'outperform' by BMO Capital

from iStockAnalyst

BMO Capital has upgraded shares of Caterpillar to "outperform" from "market perform". The brokerage believes promising global developments, strong global liquidity, increased investor optimism, well-defined headwinds, the desire by global PMs to build exposure to pent-up demand in construction end markets, and efforts by Caterpillar to improve EPS could all drive the stock to higher levels. more

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