After A Large 3x Rise Has Caterpillar Stock Run Ahead Of Its Valuation?
- Monday, May 17, 2021, 7:07
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We believe that the Caterpillar stock looks richly valued at current levels of around $240, and it is vulnerable to downside risk. CAT stock is up 2.7x from the levels of under $90 it was at in March 2020, compared to the S&P which has moved 84%. CAT stock has significantly outperformed…
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