Caterpillar: Overreaction To Dealer Inventory Situation And Good Medium-Term Prospects Present A Buying Opportunity

Avalon_Studio Investment Thesis I last covered Caterpillar (NYSE:CAT) stock in February last year with a buy rating, and the stock is up a solid 42% since then. While Caterpillar Inc. faces near-term revenue growth challenges in 2024, its revenue growth is poised to recover next year due to continued strength in the Energy & Transportation (E&T) business and a rebound in the Construction business in FY25, which should offset any weakness in the Resources business. The company’s E&T business is seeing st ...