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Goldman flips its call to sell Caterpillar stock after watching it climb 31% this year (CAT)

Goldman Sachs has placed a "Buy" rating on Caterpillar shares less than a year after telling clients to sell and following a 31% rally year-to-date. In a client note on January 25, Jerry Revich, an analyst, downgraded his rating on Caterpillar shares to "Sell." He forecast an extended slump in commodity prices and lower infrastructure investment. That's not good for Caterpillar, which is the largest supplier (by market cap) of heavy machinery to the mining and construction industries.
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