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Benzinga
Benzinga
Business
Lekha Gupta

Analyst Favors Caterpillar Over Deere As Machinery Markets Near Trough Levels

Caterpillar Inc. (NYSE: CAT)

Bank Of America Securities analyst Michael Feniger retained a Buy rating on Caterpillar, Inc. (NYSE:CAT) with a price forecast of $650.

The analyst presented key takeaways for the company based on rival Deere & Company’s (NYSE:DE) earnings reported last week.

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