Caterpillar (CAT) was upgraded today by Bank of America/Merrill Lynch (BAC) to buy from neutral with a price target of $135. According to the analyst issuing the report, the company is currently trading at an attractive valuations, and has the fundamentals to justify the stock price.
Shares are higher by about 1.1 percent.
Home Depot (HD) was upgraded today by Piper Jaffray (PJC) to overweight from neutral with a price target of $62, as the company stands to benefit from the current remodeling cycle.
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