Caterpillar shares unlikely to rise much further, says Wells Fargo After Caterpillar reported stronger than expected results and announced a $1.7B share repurchase program, Wells Fargo thinks the subsequent bounce in the stock was driven mostly by the repurchase announcement. The firm does not expect the shares to rise much further until the company's end markets improve. It keeps a Market Perform rating on the stock.
Caterpillar and Uptake partner to create analytics solutions Caterpillar has entered into a technology and predictive analytics agreement with Uptake, provider of an analytics and insight platform for a wide array of industries, based in Chicago, Illinois. Caterpillar has made a minority investment in Uptake and will jointly develop an end-to-end platform for predictive diagnostics to help Caterpillar customers monitor and optimize their fleets more effectively.