Goldman Sachs Upgrades Caterpillar (CAT) From Sell To Neutral

Goldman Sachs upgrades Caterpillar (NYSE CAT) from Sell To Neutral. Goldman is raising CAT's price target from $48 to $64.

Goldman raised its price target on Caterpillar because it likes the improved construction outlook and CAT's cost controls.

Yesterday, Caterpillar traded up 3.04% to $59.61 after giving stronger than expected earnings guidance.