Caterpillar boast denied by local Chinese rivals, WSJ says Caterpillar CEO Doug Oberhelman claims that in China the company is in "the lead position by a fairly nice margin" in terms of excavators, but some local rivals contested his claim, according to The Wall Street Journal. Independent data show that Sany Heavy Industry of China remains the biggest seller of excavators, the most important category of equipment, the report noted. Reference Link
News For CAT From The Last 14 Days
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Caterpillar upgraded to Buy from Neutral at ISI Group ISI Group upgraded Caterpillar to Buy citing recent share weakness and year-to-date machinery sector underperformance. Price target raised to $113 from $110.