Caterpillar upgraded by Bank of America because of trade ceasefire: 'We see 20% upside potential'

The firm upgraded shares of Caterpillar to buy from neutral and raised its 12- month price forecast on the stock to $163 to $140 in a note on Monday. Caterpillar shares jumped more than 4 percent in premarket trading to $141.46. In the meantime, Caterpillar may get some direct help from the weekend talks as China agreed to purchase a "substantial" amount of...