Is Caterpillar Stock a Buy?

Caterpillar's (CAT 0.82%) stock trades close to its recent all-time high, and the company is firing on all cylinders right now. Revenue and profit came in at record levels in 2023, demonstrating excellent pricing power throughout the year as its equipment resonates with customers. And management upgraded its medium-term targets for cash flow and profit margin. There's a lot to like about Caterpillar, but is it enough to make the stock a buy?Caterpillar's medium-term targetsManagement's guidance implicitly r ...