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Non-Tech : CAT-Caterpillar
CAT 590.92+12.6%11:52 AM EDT
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From: JakeStraw9/5/2018 9:04:40 AM
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Buy Caterpillar as mining, oil and gas producers replace equipment, says Deutsche
Resuming coverage on Caterpillar with a buy rating, analyst Chad Dillard said the machinery manufacturer still has years of strong income ahead.
Deutsche estimates that replacement sales could be so good that mining and oil & gas income could grow at 30 percent and 10 percent, respectively, each year for the next few years.
cnbc.com
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