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Caterpillar Inc (NYSE: CAT) stock is up nearly 10% today after Jefferies said it’s a “strong hedge” against higher commodity prices related to the ongoing war in Ukraine. Analyst pegs a $260 PT on Caterpillar stock In a note to clients this morning, analyst Stephen Volkmann upgraded the stock to “buy” with a price target […] The post Caterpillar stock outlook: Jefferies sees another 20% upside appeared first on Invezz.
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