Are Caterpillar and Deere still undervalued?
Posted on February 23, 2012 at 11:22 AM EST
We’ve written a lot about how bullish analysts have been recently regarding equipment makers Caterpillar and Deere. So can those stocks still be undervalued at this point? A new analysis on investor site Seeking Alpha argues just that point, saying that America is in the early stages of a farming boom that could continue to lift the fortunes of companies such as Cat and Deere. Click here to read the analysis and see if you agree. Deere (NYSE: DE) employs more than 700 people locally and Caterpillar (NYSE: CAT) also has a strong local presence...
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