February 22, 2013 at 09:03 AM EST
UPDATE: Raymond James Upgrades Caterpillar to Outperform on Valuation
In a report published Friday, Raymond James upgraded its rating on Caterpillar (NYSE: CAT ) from Market Perform to Outperform and reiterated its $105.00 price target. Raymond James noted, “We turned neutral on CAT's stock last June due to several reasons including (i) excess production capacity (ii) elevated OEM and
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