UPDATE: JP Morgan Upgrades Caterpillar to Overweight on Low Risk

In a Tuesday report, JP Morgan analyst Ann Duignan upgraded Caterpillar Inc. (NYSE: CAT ) from Neutral to Overweight and lifted its price target from $93.00 to $100.00. In the report, Duignan wrote, "Our analysis on mining capex has provided us a clearer framework for the cycle, and although our