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UBS upgrades Caterpillar to buy, sees 15% rally ahead

Caterpillar excavators are displayed for sale at the Whayne Supply Co. dealership in Louisville, Kentucky, Jan. 27, 2020.
Luke Sharrett | Bloomberg | Getty Images

UBS upgraded Caterpillar on Friday, saying supply chain disruptions and inflationary challenges for the industrial giant should ease next year.

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