It’s time to buy Caterpillar’s stock, analyst says
March 16, 2020 at 10:35 AM EDT
Shares of Caterpillar Inc. turned higher in morning trading Monday, in the face of a sharp selloff in the broader stock market, after Stifel Nicolaus analyst Stanley Elliott turned bullish on the maker of construction and mining equipment, citing improved valuation, expectations of limited earnings downside and a relatively high dividend yield.