List Your Equipment  /  Dealer Login  /  Create Account

Marketwatch Says You Should Buy Cat Stock . . . Now

If you want to be early to the start of a new inflationary cycle in mining and commodities, the clock is ticking.

Tue May 12, 2015 - National Edition
Construction Equipment Guide


Marketwatch is reporting that if you want to be early to the start of a new inflationary cycle in mining and commodities, the time for buying Caterpillar Inc.’s stock is … now.

Analyst Mircea “Mig” Dobre at RW Baird raised his rating on the mining-and-farm-equipment maker to outperform from neutral, a rating he’s maintained since September 2013. The analyst also raised his stock price target for CAT to $101, which implies a 13% rise from current levels, from $80.

That call has helped push the stock CAT, +1.67% up 2.1% in midday trade to a four-month high, enough to make CAT the one of the best performers among blue-chip Dow components.

Dobre said the deflationary cycle in mining and commodity prices over the last several years is in line with the “bust” of the 1980s. If it gets any worse, it would start to mirror the period of the 1920s during the Great Depression, which he believes is unlikely given all the stimulus global central banks have provided.

For the full article, click here.




Today's top stories

John R. Jurgensen Manages Greater Cincinnati Project

VIDEO: Schlouch Deploys Big Cat 395 to Massive Project

FIA World RX Electric Era Takes off With Volvo as Official Track Building Partner

Dish Soap Helps Move Million-Pound Bridge

J.W. White Contracting Leads Summer Tunnel's Major Restoration Project

Pennsylvania Contractor Takes Delivery of First Doosan DD100 Dozer

Ohio Will Receive More Than $52M for Projects

Yanmar Compact Equipment Introduces Next Generation ViO17-1E, ViO25-6B Mini Excavators


 






ceg-logo ceg-logo ceg-logo ceg-logo ceg-logo
39.04690 \\ -77.49030 \\ Ashburn \\ VA