Since June 15th, Caterpillar, Inc. has surged nearly 12% to $106.46, a price not seen since mid-May. This latest run reflects the flash of confidence investors are showing and their willingness to seek riskier assets. Although CAT released their plan to invest $120M into a factory and hire over 200 employees, it is believed that this run was not specifically related to any news from the company. CAT is currently approaching their target price of $108.74 and will be closely monitored in the coming days.
Jeremy Pellizzari
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