Caterpillar upgraded at Wolfe Research on recovery into 2026

Work at high altitudes in the mountains. Caterpillar excavator, Cat

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Caterpillar (NYSE:CAT) on Tuesday was upgraded to Outperform from a previous investment rating of Neutral by analysts at Wolfe Research. They said the maker of heavy equipment and construction machinery defied expectations in the first quarter, signaling a potential turning point.

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