Analyst Praises Caterpillar Stock's Recent 'Resilience'

Caterpillar stock is looking to pivot off its post-record pullbackBlue-chip stock Caterpillar Inc (NYSE:CAT) is up 1.6% to trade at $419.04 this morning, after the machinery name landed an upgrade to "outperform" from "in-line" at Evercore ISI. The firm noted "recent resilience in construction equipment margins," and set its price target of $476 -- a 15.3% premium to yesterday's close.CAT is enjoying today's pop, as it attempts to pivot off a pullback that followed its July 31 record high of $441.15. CAT ha ...