Caterpillar Upgraded to Outperform

Caterpillar Inc. (CAT) ended fiscal 2010 on a promising note coming off a very challenging 2009. It also maintained the sales momentum in its January results, giving 2011 a good start leading us to upgrade our recommendation to Outperform from Neutral. The company’s fourth-quarter adjusted EPS increased almost four fold to $1.47 and fiscal 2010 [...]